The licence is valid for one live or demo account and includes support and updates. To activate the licence, a hardware key has to be generated with a software tool provided after purchase. Both, the key and the account number have to be communicated to the support team which will in return provide an installation package for each account.
A 4-pages manual explains the installation and set up of Forex Spectre.
Friendly and Qualitative 24-hours / 7-days.
Free Lifetime Updates.
30 Days Money Back Guarantee Offered by the EA Vendor.
The live trading performance of Forex Spectre is demonstrated on an exclusive Tickmill ECN Pro account set by ReviewForexRobots and verified by MyfxBook and FxBlue. A Forex4you Live Account of the developers is also listed here!
According to the backtests run by ReviewForexRobots, the risk reward ratio is about 1:1 which is apparently excellent while the hit ratio reached just 55%. A high trading frequency that could reach 800 trades per year as that of Forex Spectre could guarantee midterm profits but longer sideward movements could happen. Drawdown periods are inevitable on a short-term basis.
Each of the three embedded strategies trades autonomously with no interaction with the other two strategies, so that there is a possibility to open a long trade by on strategy while another strategy has opened a short trade at the same time.
If Forex Spectre detected an entry signal and considered it to be highly promising using its advanced algorithm calculates, it automatically opens a trades with a double of the preset lot size.
A money management system is involved in Forex Spectre with the ability to deactivate each of the working trading strategies.
A division of the account balance can be assigned to be the only tradable balance division while the remaining balance can be freely used for manual trading or by other EAs.
Hedging also can be disabled in the EA settings.