Forex Olympus Review

Apr 5, 2021 08:34 AM ET
Forex Olympus Review

Forex Olympus is a robot that claims to have been generating exceptional profits during the COVID-19 pandemic by capitulating on the sharp price movement. This system is equipped with a high-end algorithm that lets it supply users with pinpoint trading signals. 

Forex Olympus presentation

On the official website, we see a special offer, along with a timer showing when the offer ends. We also have a brief overview of the main features, along with user testimonials, a video showing live trading, screenshots of successful trades, trading modes, FAQs, and pricing details. Overall the presentation looks quite crisp and professional.

Forex Olympus

Type

Fully-automated EA

Price

$228

Strategy

N/A

Compatible Platforms

MT4

Currency Pairs

Major Pairs

Timeframe 

M15, M30, H1, H4

Recommended Min. Deposit

$100

Recommended Deposit 

N/A

Leverage

N/A

Trading Strategy Explanation

Forex Olympus has a special feature that allows it to gauge the strength of a trend, providing the users with an exact figure. Its advanced notification system sends you three types of alerts regarding the trading signals so you never miss out on a profitable opportunity. These include a pop-up alert, an email alert, and a push notification that you receive on your phone while you are outdoors or away from your PC.

It has three distinct trading modes that let you trade as per your personal preferences. If you don't wish to take unnecessary risks, you can choose the moderate mode that provides heightened security. For those who wish to make bigger profits without risking too much of their account balance, there is the neutral mode. Finally, there is an intense mode for traders who are not afraid of entering the market with substantial risks.

After placing a trade, you don’t need to lose sleep over the signals being modified, since no repainting is done by the system. Support is provided on a 24/7 basis via email. The Forex EA has a potent indicator that utilizes a prognostic algorithm to amplify our gains on a consistent basis. 

It is unfortunate that the vendor has not revealed any further details about the trading strategy. Expert Forex traders as well as beginners look for some strategy insight before investing in a system, and rightly so. It reveals the profitability of the robot to a certain extent, and in the absence of strategy details, it becomes difficult to invest in the system with confidence. 

Backtest Data Analysis

Backtest data reveals some important details about a Forex robot, like its profitability, relative drawdown, profit factor, etc. Unfortunately, no backtesting data is available for this robot.

Live Trading Data Analysis

Forex Olympus Live Trading Data Analysis

As mentioned before, the vendor has provided us with a video showing the Forex EA in live action, along with some screenshots showing positive results during the pandemic period, for different timeframes. While these depict the robot earning huge gains in terms of pips, we can’t really consider them to be authentic.

There are several scam service providers that try to dupe customers by showing cherry-picked trades. Thus, Forex traders always look for trading results that are verified by third-party sources like FXBlue and Myfxbook. There is no way a vendor can conceal the trading results on these websites, so it allows a potential buyer to see how the system really performs in the live market.

Since we don’t have the live trading results for this robot, we cannot consider it to be profitable. We hope, in the future, the vendor decides to share some verified results.

Pricing Details

Forex Olympus Pricing Details

The Forex Olympus Indicator is currently available for a price of $129, and by purchasing this, you get access to the trading signals, the various trading modes, and the trend power detector. But, to enjoy the features of the automated EA, you need to purchase the Forex Olympus Kit for $228. The seller offers a 30-day money-back guarantee, so you can ask for a refund in case the results are not satisfactory.

Customer Reviews

There are no customer reviews for Forex Olympus on the web, and this is evidence of the fact that the robot does not have much of a reputation as of now. Since it does not share any verified proof of its trading outcomes, it is natural that not many people trust this system.

Review Summary

Pros

  • Refund policy

Cons

  • No strategy insight

  • No verified live trading results

  • No backtesting data

Conclusion

In the end, we would like to say that Forex Olympus is not a reliable or trustworthy robot. We have no way of determining whether it can improve your trading outcomes in the live Forex market. 

Rating: 3/10


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