Fly Higher Nova claims to be the automated trading system of the future. According to the vendor, this system has helped more than 5000 traders to get satisfactory results. This is a 100% automated robot that can trade in all currency pairs and has 180 supported countries.
Fly Higher Nova: Characteristics
Fly Higher Nova does not require any manual intervention for placing trades. You can use it with your Forex trading terminal, although it is not clear which ones it is compatible with. This EA used complicated calculations to enter Forex trades and manage them. As per vendor claims, it uses an advanced strategy that allows it to update stop loss, and take profit immediately.
Using this system does not require any special experience and you can easily install it within a few minutes. Customer support is provided by the company 24 hours a day. After registering on the website, you need to choose a subscription type. Following this, you will get an email from Fly Higher Nova containing the payment link and other necessary information.
After the payment has been completed, you will receive the video tutorial and user manual within 3 minutes. These will help you set up the software. The company also provides traders with installation support, if needed. You have the option of setting the lot size to be calculated automatically based on your capital, or you can use fixed lots instead.
Currency Pairs, Strategy & Timeframe
This EA follows a strategy that trades with the trend. The vendor has not provided any further information about the trading strategy, which is quite disappointing. Most robots trade with the trend, so this is an extremely vague way to describe the strategy.
We would have liked the vendor to provide some information on the indicators used by this system. Such technical information often reveals vital details about the robot’s profitability, and hence any traders look for strategy insight before investing in an EA.
Fly Higher Nova Trading Performance
While assessing the trustworthiness of a Forex robot, our main focus is on the live trading results. When an EA vendor shares verified live trading statistics, you know it is a legit system capable of generating real profits. Many vendors share only unverified trading results for their systems, and you should always stay away from them.
For Fly Higher Nova, the vendor has completely ignored the live trading statistics. We don’t have any kind of evidence that the system is profitable, and as such, we cannot trust it to generate consistent profits. On the official website, the vendor has claimed that this robot provides average minimum weekly returns exceeding 20%. This is quite a bold claim, but in the absence of verified results, this claim seems to be false.
We simply don’t have any kind of trading results we can analyze to gauge the robot’s profitability. The vendor has not even provided us with the backtesting data. No trader would invest in an EA that has not been tested using historical data.
How Much Does it Cost?
There are two subscription offers for Fly Higher Nova. The first one is for 12 months and costs $320, while the second one is a lifetime subscription that costs $500. We think the pricing plans are too expensive, especially considering there are no real-time trading statistics for this robot.
If you want a refund from the vendor, you have to make a request within 24 hours of the software being made available for download. We think such a short validity period for a refund offer is quite inconvenient.
Reviews from Customers
We came across several user testimonials on the official website of Fly Higher Nova. All of these reviews are screenshots of WhatsApp chats and they feature customers gushing about the robot and its high profitability. Now, we cannot consider these testimonials as genuine since they are not posted by real users on third-party websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook.
It is very likely the user has manufactured these reviews. It is quite clear to us that Fly Higher Nova does not have much of a reputation as of now.
Should You Use a Fly Higher Nova Robot?
|Can be used with all currency pairs||Lack of strategy insight|
|No verified trading results|
|No backtesting data|
At the end of our review, we would like to say that Fly Higher Nova is not a trustworthy EA. The vendor does not share either live trading or backtesting results, and the software is simply too expensive.