Forex Analyser is not an outright scam, there are no outrageous claims. The website is straight forward, and deliver what it mentions on the website. But with so many candlestick pattern analyzers around is ForexAnalyser worth it. Make sure you read this entire unbiased review about Forex Analyser and what it’s worth.
Official Website: http://forexanalyser.com/
Forex Analyser is an expert advisor that works on Meta Trader 4 platform. Actually, it is a candlestick pattern analyser and auto trader. What it does is it will analyze any of the 10 candlestick patterns and notify you. You can customize the setting to auto trade on candlestick pattern.
How It Works
Forex Analyser works by identifying candlestick pattern. It is highly customizable software you can set it to confirm signals with other technical indicators. Once the candlestick pattern is recognized and the signal is confirmed it will give you an alert. Alternatively, you can set to trade automatically. Moreover, you can specify the money management criteria including the lot size and limits.
How Much Does It Cost?
The Expert Advisor cost one-time fee of $97. Now, this is quite a high price for an EA that can only identify 10 candlestick pattern. However, with much lower price there are other products which can identify and notify above 40 different candlestick pattern on the chart.
Final Words About Forex Analyser
Lastly, there are no outrageous claims on the Forex Analyser sales page. The software does what it says. But the features aren’t good or adequate enough. For a lower price point, you can get hold of an EA that can automatically recognize above 40 different candlestick pattern. Whereas, Forex Analyser only recognizes 10 patterns.
Secondly, the auto trading feature has no proof that any of the patterns has traded profitably. So they have done no time-consuming testing to identify which settings are the best.
Finally, I believe ForexAnalyser isn’t worth the price they are asking for it. Hence, it’s better if you can check another pattern recognizer with more feature and lower price. Make sure to check other positive reviews on this site.