FX Shooter Review: this is the name of a forex robot that claims to be able to provide trading without much client input. Is fxshooter.com a legit forex robot or a scam?
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What Are Forex Signals or Indicators?
Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.
FX Shooter is a forex robot with unknown vendor information. This is discouraging as traders always want to know where their EAs come from. There is no location information as well.
The product is said to be “completely innovative” and was developed by experienced Forex traders which is able to maintain long-term profits and is not “affected by any market conditions”.
How FX Shooter Works
The creators state clearly that they do not “promise fantastic results”. They claim the robot was created using strategies from professionals to make clients’ accounts grow. FX Shooter is said to come with the following features:
Fully automated, easy installment, free updates, money management, adaptive market analysis, market trend following, friendly broker, low drawdown, and 24/7 support.
This robot is touted to be able to provide back test and real results that show that the system is stable, reliable and profitable.
FX Shooter is promised to act as a smart assistant to grow money in the forex market. They claim this is because it was designed by professional traders who have many years of trading experience.
There is not much on how the product works and though this is characteristic of many Forex Indicator vendors, it is not encouraging. Traders want to know how the promises made are to be delivered.
FX Shooter has 2 packages at the moment and the Basic goes for $299 while the Advance costs $450. The Basic allows 2 real accounts while the Advance allows 4.
Clients Feedback on FX Shooter
There is no clients’ feedback published on the website. This may be a good sign that the vendors are not trying to put up fake claims or it may be that people are reluctant to try this product out.
However, it has two accounts on Myfxbook and 5 separate back tests. The demo account it gives online shows a loss of less than 4% and there is another account of PaxForex that shows a gain of more than 100%.
It has a win rate of 82% from 358 trades with an average length of about 7 hours.
To contact the vendors or a representative, clients are invited to fill an online request message form on the page.
FX Shooter gives verified trading results which is good as well as many pairs and package options. However, it does not explain well how it works and there is no encouraging online reputation.