What is ForeXolution?
ForeXolution trading bot is a product from Forex Canny. According to the developer, ForeXolution has conducted over 5000 trades and has been in existence for more than 15 years. ForeXolution uses the “Forex Heartbeat effect” approach, which creates the major Forex sessions.
By assessing the “market’s pulse,” this bot provides you with an actual picture of the status of the current forex market. Forex Canny claims that the application of the Forex Heartbeat effect is capable of providing huge profit margins over extended periods because, just like a heart, the Forex pulse beats continuously.
What features sets ForeXolution different?
Safe- there is a dynamic stop loss and take profit on each trade, thus eliminating the risk of getting losses specifically when your monitor shuts down.
Optimal Indicators- this bot gives you ideal entry points and smart exits to trade, maximizing your profit.
ForeXolution heartbeat solution- ensures that trade opens only when it is ideal, thus making better investment decisions.
ForeXolution has a trade’s length limit- to inhibit trades from running into unclear price action, thus reducing losses.
Different currencies Expert Advisor- ForeXolution trades on more than 20 pairs of currencies concurrently.
Compatible with MT4 and MT5- ForeXolution is easy to plug and play with few settings allowing even novice traders and individuals with limited IT skills to operate it. After attaching the robot to your ideal chart on Meta Trader, ForeXolution opens, monitors, and closes trades across more than 20 forex pairs.
Quiet trading- According to the developer, ForeXolution opens an average of 1-2 different trades each day.
Cost-effective- You can start trading using ForeXolution with a minimum of $100 which is considered a drawdown compared to similar bots in the market. However, Forex Canny recommends a trading volume of about $250- $500. Additionally, this bot does not permit any trade to get lost into the region of no return, thus giving you peace of mind while trading.
Simple trading procedures- ForeXolution is precise and does not give stress to your broker or computer.
Money-back guarantee- As per the maker, you get an iron-clad 30-days money-back guarantee. However, you can no longer use ForeXolution on a live or demo account after receiving a refund.
Unlimited updates and tech support- ForeXolution ensures your bot runs effectively and gives you current updates to ensure you trade profitably.
How do you use ForeXolution Trading Bot?
The developer says ForeXolution is an Expert Advisor (EA) compatible with numerous Forex trading platforms. To use this bot, you must have a trading account with a reputable forex trader. After making a purchase, you must provide your Meta Trader’s account number. After that, ForeXolution gives you a copy of the bot that you can permanently use to trade.
Also, while using ForeXolution, you must keep your computer on. The bot analyses and monitors all the open trades in real-time to give you the best deals. However, in case of a power outage or you choose to turn off your monitor, ForeXolution claims that trade monitoring automatically resumes once you power the bot and computer on again. Additionally, the dynamic “take profit and stop loss” protects all trades, which cushions you from losses should your monitor unexpectedly switch off.
According to Forex Canny, ensure you run the recommended 15 minutes timeframes with ForeXolution. Still, you can attach this robot to a chart of your choice and proceed with trading. However, the ForeXolution developer recommends using EURUSD as it offers maximum market uptime.
How much money can you make using ForeXolution?
As with any Forex trade, the returns from using ForeXolution are dependent on the trading volume. However, the maker claims this bot gets about ten pips and around 1-2 trades daily. Also, unlike similar trading robots, ForeXolution guarantees consistent profits regardless of the market condition and over a long period.
Therefore, the maker claims that this bot is “an unhurried yet steady money maker.” In short, ForeXolution can give you profits; however, you must be patient to get good returns. Additionally, this trading robot gives traders the stability that is needed to withstand the forex market. Therefore, users should not use ForeXolution in the hope of getting quick returns.
Disadvantages of ForeXolution Bot
ForeXolution is not compatible with crypto, binary, and indexes options. Thus, if you are an aggressive trader who wishes to spread the investment risk, this robot cannot meet your needs.
You cannot use ForeXolution on a Meta Trader mobile thus may not be convenient for people who are always on the move or those who find computers cumbersome.
ForeXolution must always be up and running for higher profits, meaning you need a reliable power and internet provider to use this product.
How do you get ForeXolution?
ForeXolution is exclusively available via their official website. After a successful purchase, you get instant access to a downloadable ForeXolution file. Additionally, you will have to fill in some trading details, including your Meta Trader’s account number. After a successful configuration, you can start using the bot instantly. However, should you experience any challenges, the ForeXolution support team is available 24/7 to help you get the bot up and running.
However, ForeXolution warns that you can only use a single account on this bot permanently. However, you are free to change your Meta Trader’s account whenever you wish. Also, you can use this robot for both the demo and live accounts. If you wish to add other accounts, ForeXolution offers a subsidized price for subsequent purchases.
Additionally, Forex Canny claims they constantly provide free updates. Therefore, you must restart ForeXolution every week to ensure you have the latest version of this robot. Additionally, you can update the bot version from your page that you get after buying this bot.
ForeXolution advertises it as a beginner-friendly robot. Additionally, the manufacturer claims it is trader-friendly, easy to install, and operates as it runs on automatic mode. Similarly, ForeXolution’s trade operations are basic and compatible with any reputable Forex broker that supports the Meta Trader platform and permits programmed trading. However, customers should be aware that individual profit margins can vary, and there is no guarantee that ForeXolution will give you great returns. To learn more about the program and how it works, be sure to visit the official ForeXolution website for more information.
RELATED: Teeka Tiwari HyperBoom (Catch Up Coins) Get the Crypto Picks
The links contained in this product review may result in a small commission if you opt to purchase the product recommended at no additional cost to you. This goes towards supporting our research and editorial team and please know we only recommend high quality products.
Please understand that any advice or guidelines revealed here are not even remotely a substitute for sound medical advice from a licensed healthcare provider. Make sure to consult with a professional physician before making any purchasing decision if you use medications or have concerns following the review details shared above. Individual results may vary as the statements made regarding these products have not been evaluated by the Food and Drug Administration. The efficacy of these products has not been confirmed by FDA-approved research. These products are not intended to diagnose, treat, cure or prevent any disease.