The Fall indicator provides trading signals for traders and provides desktop and mobile alerts for traders. The algorithm does not repaint itself and is available for both new and expert traders. Let us observe all the ups and downs of the system and see if we can get any good trades out of it.
Is The Fall indicator still profitable?
The Fall indicator keeps us blind on the backtesting and live results. The developer is also not transparent on the system’s strategy, which makes it difficult to trust this system.
Bruce Webb is the author of the product who resides in the United States. He has a total rating of 4. for 347 reviews. The developer has six products published on the MQL 5 marketplace and has a total of 0 subscribers for his services. He has experience of two years. The vendor does not share any records with us that could highlight and prove his trading portfolio.
There is no comfortable information on the strategy. The developer only shares that the indicator provides sell signals to traders. It looks out for reversal patterns on the charts and paints arrows when respective short trades should be taken.
There is no transparency on the fact that the algorithm prints the signals on the charts. Lack of information raises many questions in our minds about the indicator.
How to start trading with The Fall
To start trading, traders have to follow the following steps:
- Purchase the system from the MQL 5 website.
- After that, log in to the MT 5 platform and get inside the MQL 5 community.
- Head over to the market section and search the indicator.
- Download the algorithm and refresh the indicators tab.
- Place the indicator to respective charts, and it will start showing up the signals.
The indicator is not available for purchase. Traders only have the option to rent it out for one year at an asking price of $50. There is no money-back guarantee. Traders also have the chance to take a free demo for a limited time under the rules of the MQL 5 community.
The Fall backtests
There are no backtesting records available for the algorithm, which is quite a poor practice. The developer could have performed the simulation procedure and shared the results through the detailed statement or Myfxbook records.
The developer also does not share live trading results, which is again a severely poor approach. This means that he is not using the system on a live account and is bent on selling it to customers. He tries to convince traders of its usage but gives no genuine reason to do so.
There are multiple reviews available at the MQL 5 community page where most of the traders feel comfortable using the indicator. However, we can not trust all the feedback as they might be bought or manipulated by the developer. It is quite easy to make multiple accounts and write all the good things about your product.
- It does not repaint itself
- No money-back guarantee
- No transparency on the strategy
- No backtesting or live records
The Fall trading indicator is not a suitable choice for trading as it does not have any backtest or live results that we can use to gauge the performance. If the owner does not use the algorithm, there is no need for traders to trust it. Even though the indicator does not repaint, there is no information on the strategy, which keeps us blinded on the trading methodology. It is not advised to purchase the system as of now.