SirFX Review: this is a forex indictor or EA provider that claims to offer 5 trading robots for sale on the website. Is Sirfx.com a legit vendor 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.
SirFX claims to have been created in 2014 (according to the information we found on the page). It does not give us anything tangible when it comes to the identity of the vendor nor an address. The product is touted to be able to work on all Binary Options, Forex and Stock Market.
On the website, there are 5 products advertised for sale there. Besides sales pitches on the various products, not much else can be discerned from the information on the page. We will briefly check how the products of SirFX work.
How Future Volume Indicator Works
It is said to be a unique “professional financial instrument based on total candle volumes”. The robot can predict further price changes. Using candles volume, it shows “oversold” and “overbought” points with colors.
Future Volume Indicator does not “repaint or recalculate”. When a new candle is open, all the lines are shown and never winks or vanish in the current candle. They appear at the beginning of the current candle.
How Exit indicator works
Because exiting trades are more difficult than entering it, the Exit indicator helps traders recognize their exit points. Blue arrows are said to indicate exit for current sell trade while red arrows indicate exit for current buy trade.
How My Trendy (Tendrix) Works
This tool is said to be useful in trading for predicting retracements and reversals. The signals are touted as being highly accurate while trend trading. Blue lines indicate Buy while red lines indicate Sell.
How My Holy Grail Works
My Holy Grail is a robot that predicts future trends by using “oversold” and “overbought” volumes. Traders are said to get accurate signals by changing the values at different time-frames.
How Peak and Valley Works
It is said to be a unique “professional financial instrument based on total candle volumes”. The robot can predict further price changes. Using blue squares to indicate undervalued point and red squares for overvalued points.
Every robot comes with a video explaining how they work and seeing them in action.
Pricing Structure on SirFX
Future Volume Indicator – $199
Exit Indicator – $99
My Trendy (Tendrix) – $199
My Holy Grail – $149
Peak and Valley – $149
Clients Feedback on SirFX
We could not find much by way of review for this vendor. On FPA, we saw only 2 reviews, a positive and another negative one. The results it publishes on the page are images and not from a verifiable source.
An online request form is to be used and this is accessible by using the “contact” link.
Conclusion on SirFX
The SirFX website seems like a professionally designed vendor page. Although the details on the products are not in-depth, there are videos for more.
Lack of reviews is a negative find for this vendor and there is no corporate information which makes it seem shady. Pricing is reasonable if the robot works well. Absence of results are also adding to the bad image.