Powerful Forex EA Review 2021
Welcome back to our best ea forex blog! In today’s post, we will be doing a Powerful Forex EA review. As always, our team will find all the most reliable information online about this EA so you can get all information you need before purchasing this bot. So, if you are interested, please keep reading this post to the very end, you won’t be disappointed with the results! So you can see if this will make our list off best Forex robots.
What is Powerful Forex EA?
Powerful Forex EA is an automated trading system for the Forex market. This EA works on an MT4 MetaTrader. And, this robot has a different, particularly that makes it different from the rest. It has an algorithm that operates without using signals. But, how does it work then? Well, this bot starts analyzing the ever-changing conditions of the market a couple of days before actually deciding whether to enter or not in a trade. And, based on these results, the EA is allowed to calculate on its own how much would be the take profit after closing the trade.
Another few things to keep in mind are that this bot only trades with two different currency pairs. These are EURUSD and AUDUSD. Although these two are major currencies, it might be a downside for more experienced traders who want to operate on many currencies at the same time. But, this doesn’t mean in any way it won’t be beneficial for you if you are a professional Forex trader. This bot was made using both mathematical calculations and analyzing the market movements to ensure over 75% accuracy to win trades.
The Powerful Forex EA works on an only 1-hour time frame with the currencies stated above. And, has customizable settings to adapt to the customer’s trading strategy plan and budget.
Powerful Forex EA Features
- Works without indicators.
- Smart calculation of trade entry.
- Very elaborated money management.
- Sade drawdown control.
- Very easy to use.
Who is behind Powerful Forex EA?
For this Powerful Forex EA review, we couldn’t find any information about the developers, creators nor the team on their official website. As we know, this is more common than we would like to admit. And, it’s always a downside for the company because as a customer you don’t know who is selling a product online is trustworthy in any way.
Also, they don’t have any contact information available on the site. So, if you wish to talk to them because something went wrong while downloading, or if you are not happy with the overall performance of the bot, it’s not so easy. Because you must submit a detailed form located at the end of the sales page so they can contact you.
Powerful Forex EA Trading Strategy
In this section, our team will do a Powerful Forex EA review in terms of the strategy this bot uses while trading on the Forex market. We must mention already this bot has a money management system that will protect your money. So, you won’t lose more money than you can invest in.
This EA needs a minimum deposit of USD 340. We feel like this might put off some users, especially the newbies because most of the time people don’t have this amount of money to invest upfront. But, if you think about the profits your account will start making just after getting started, you may change your mind. Also, on the official website, you will find this bot has many open trades verified by Myfxbook. So, if you are still not convinced enough you can take a look.
As we mentioned before, this EA studies and analyses the changes the Forex market may have in the next couple of hours or even days ahead. This way the bot will know when the time is right to enter a trade. And, of course, you can adjust in the settings the desired risk and profits you want to accomplish in the short, medium, or long-term. Remember the EA trades on its own, but you are the one controlling its performance with your desired settings that adapt best for you. So they are using a similar strategy that we find in our Forex Megadroid review.
Powerful Forex EA Packages/ Prices
To give you the most complete post, for this Powerful Forex EA review we complied with all information available about the pricing and different features you get when purchasing this bot. So far we must say on the official website there is not much information about anything in general. And, the developers only have one offer for their customers.
- Price: USD 250.
- You get an unlimited license of the EA.
- Available to change accounts as much as you need.
- Detailed user manual.
- Free updates.
- Friendly customer support 24/7
- 30-day money-back guarantee.
This EA works only on two currency pairs: EURUSD, and AUDUSD. And, this developers behind the Powerful Forex EA provide a very trustworthy 30-day money-back guarantee policy if you are not seeing the promised results on your account. Or, even if your drawdown is over 60%.
Powerful Forex EA Pros & Cons
- It´s beginner-friendly.
- An unlimited license that you can change as many times as needed.
- Over 75% win rate.
- Free updates.
- Detailed user guides.
- H1 Timeframe.
- Customizable settings.
- The product might be expensive for many people.
- The EA needs USD 340 to start trading.
- Operates in only two currencies: EURUSD, and AUDUSD.
Conclusions Powerful Forex EA 2021
Sadly, we have now reached the end of our Powerful Forex EA review. We are very happy and pleased to announce this EA has gone past our expectations. So far, it seems like the works well and has been doing great for quite some time. You can check these results on the Myfxbook to analyze it yourself.
The only downsides we found is the lack of information about the creators and the fact that it only trades in two different currencies. Also, the price might be too high for beginners who don’t have a lot of money to invest right away. Because you must remember the bot trades with a minimum deposit of USD 340. It’s not so affordable for some people. BTW next week we are going to make a Falcor EA Review.
But let us know what are your final thoughts? Are you pleased or impressed after reading this Powerful Forex EA review? Would you give it a try?