EFC Indicator Review

Dec 16, 2020 06:48 AM ET
EFC Indicator Review

EFC Indicator is advertised as an effective trading tool designed to show accurate trade entries and provide traders with ‘winning trades in less than 60 seconds’. The developers of this MT4 system claim that their product is the ‘easiest way to spot reversal trades on any timeframe’.

EFC Indicator presentation

The developers of EFC Indicator believe that it is ‘proven to make you money’. Their product presentation includes a detailed product description, trading strategy guides, a detailed video, which tells how the indicator works, and pricing details. In addition to this, info.tradingstrategyguides.com promotes many products and various trading guides to help traders better understand Forex trading.

EFC Indicator presentation

EFC Indicator

Type

Forex Indicator

Price

$99

Strategy

Reversal

Compatible Platforms

MT4, Ninja Trader 7, Ninja Trader 8

Currency Pairs

30 currency pairs

Timeframe

Any

Recommended Min. Deposit

n/a

Recommended Deposit

n/a

Leverage

n/a

Trading Strategy Explanation

The indicator is searching for trend-reversing trading opportunities to inform traders about forming a new trend.

EFC Indicator Trading Strategy ExplanationEFC Indicator Trading Strategy Explanation

It also has an in-built Price Alert Sensor, which ‘triggers when it is currently a high or lows the last 50 candles’.

EFC Indicator Trading Strategy Explanation

The other features of this indicator are:

  • It perfectly works on the MetaTrader 4 platform

  • It can provide a revenue of up to than $1,000 per week

  • Includes a 50-candle price line on any timeframe

  • 1 risk 3 reward Price Placement

  • Includes Stop Loss, Exit and Entry lines

  • Ability to check  30 charts of different categories within a minute

  • EFC Alert Notifications are directly sent onto your smartphone

  • Includes specific timeframe analysis

  • Traders have to place trades manually and set SL and TP on their own – both of these elements are provided by the indicator

The devs also say to whom this indicator suits and whom it doesn’t:

EFC Indicator Trading Strategy ExplanationEFC Indicator Trading Strategy Explanation

The indicator provides traders with Entry Points, the SL target, and the TP target. Traders can expect a 1:3 risk-reward ratio to growing their trading accounts.

Backtest Data Analysis

Although the devs claim that the system was tested and has a proven success rate, we couldn’t find any backtests on the sales page of the developer.

EFC Indicator Backtest Data Analysis

Well, where are these screenshots? Why is this sort of important info not represented on the official site of the developer? It is a red flag for EFC Indicator.

Live Trading Data Analysis

Although the vendor provides a couple of different screenshots, there are no trading results verified by myfxbook, fxblue, or fxstat, which could prove the effectiveness of this trading platform. If the system is as profitable as advertised and can provide over $5K of monthly profit, then why has the vendor decided not to show real trading results of the EFC Indicator?

Trading Results

Myfxbook Account

n/a

Started

n/a

Deposit

n/a

Balance

n/a

Gain

n/a

Daily

n/a

Monthly

n/a

Drawdown

n/a

Profitability

n/a

The devs claim that they are a group of traders that have come together to help every trader become successful. If they were so experienced traders, then spending a couple of months trading this trading strategy and putting their trading results on myfxbook or fxblue would not be difficult for them. If the system is as effective as they claim, then why do they not share this info with us? It looks suspicious and odd.

Lack of Vendor Transparency

We know that this indicator was developed by the Trading Strategies Guides, a Forex group that promotes multiple products and trading guides to help traders better understand trading in Forex. However, we do not know their names or where their headquarter is located.

EFC Indicator Lack of Vendor Transparency

Review Summary

Pros

  • 30 days money-back guarantee

  • Trades 30 currency pairs

Cons

  • No backtests provided

  • An undisclosed trading strategy insight

  • No live trading results provided

  • Lack of vendor transparency

Conclusion & Rating

We are not in a position to recommend the EFC Indicator, as it does not prove to be safe and reliable. Firstly, it lacks detailed trading strategy information. Secondly, neither backtests nor live trading results were represented on the official site of the developer. We do not know people who stand for this trading system. Wrapping everything up, we do not think EFC Indicator is a good choice to be trusted.

Rating:  4/10


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