TJ10X Forex Indicator is an MT4 tool developed by the SinryAdvice company. It provides signals for multiple currency pairs and uses any timeframe. As per the vendor, this system uses the Trend power feature. The feature helps in identifying the strength of a signal, its accuracy, and the exit time. Beginner traders will be able to identify chart patterns and react positively with the help of this indicator.
Is this a perfect trend system still good to go?
This indicator system is developed by Sinry Advice which is part of the SinryAdvice Worldwide group headquartered in Malaysia. The company has a team of 18 employees based in different countries including Malaysia, India, Turkey, and the UK. For support, the vendor provides a couple of email addresses and social media links. A location address for the headquarters is also present. Other products of the company include Swing VIP and Trend Reversal EA.
The main features that the vendor highlights for this system are:
- Use of 5 different trading strategies.
- A signal accuracy of 82%.
- A non-repainting system that helps users improve their trading method.
- Pop up sound alerts.
Installation of the MT4 tool is easy. Once you purchase the product and download the software, you have to send your MT4 account number via email. A license key is sent which you can use to activate the indicator. The five strategies this system has include: scalping, tick trend, fast scalper, trend, and swing.
According to the vendor, the system can work on all currency pairs and in any timeframe. You can select the pairs you want to trade. For using the trend power feature, the vendor suggests considering signals with a trend power value more than 40 and ignoring those with a value less than 40. There is no further explanation of the approaches. We find the strategy info vague and unsatisfactory.
How to start trading with TJ10X Forex Indicator
To purchase this MT4 tool you need to pay $59. The original price of $100 has been discounted now to $59. Some of the features you get with the package include free updates and a video tutorial on the strategy and working method. We cannot find a money-back guarantee which makes us suspect the reliability of the system.
There is no info on the working method or the recommendations for the settings, balance, leverage, etc. The absence of such relevant info raises a red flag for this indicator.
TJ10X Forex Indicator backtests
No backtests are present for this system. Although the past performance of the backtests does not guarantee future profitability, traders look for the backtests to understand the strategy and its efficacy. The absence of strategy tester reports makes us suspect this is not a reliable system.
A few live trading charts are present on the official site. But these do not show relevant info like the profits generated, drawdown, lot sizes used, profit factor, and more. We prefer live trading results verified by reputed sites like myfxbook, FXBlue, and FXStat. The lack of a proven track record raises another red flag for this MT4 tool. Without backtesting results and live results, it is not possible to assess the system properly.
We found 58 reviews for this company on the Trustpilot site with a rating of 3.8/5. Here are some of the recent reviews that complain about the flaws in the service.
From the above feedback, we can see that one of the users contends that this is a scam as any losses that occur are blamed on the user or the changes in the market. Another user mentions the bad customer support offered by the company.
- Five different trading approaches
- Non-repainting system
- No explanation of the approach is provided
- There are no verified trading results
TJ10X Forex Indicator claims to provide a verified signal accuracy of 82%. Our evaluation of the different aspects of the system reveals many shortcomings. While the vendor names the trading approaches used, there is no specific explanation for the approaches. No backtests are present to prove the effectiveness of the system. No verified trading results are present for this system. Instead, the vendor presents a few live trading charts which do not reveal much info. Although the price is cheap, the lack of a money-back assurance makes us suspicious of the reliability. In short, we do not recommend this EA.