The Forex inControl was updated to a Reborn version in 2016. The system was published on Forex Store. The presentation is typically short.
Forex inControl: Characteristics
There are not so many features we can talk about:
- Forex inControl trades automatically on the terminal.
- The system is easy to be attached to the chart.
- The EA trades two symbols: AUD/USD and EUR/GBP.
- There’s a new mode – Accelerator. The pack for $310 includes it.
- The system covers all deals with SL levels.
- We can attach it to other currency pair charts, but it’s not customized for this.
- There’s hard drawdown control.
- The drawdown control features are separated for every trading pair.
- The system doesn’t open orders all the time because it awaits the best trading conditions.
- There are three risk modes: Conservative, Normal, and Aggressive.
- The system was backtested on the past 14-year data.
Currency Pairs, Strategy & Timeframe
- There’s no word about what strategy is applied to the system.
- The robot trades two currency pairs: AUD/USD and EUR/GBP.
- It may be M30, according to the backtest report.
Forex inControl Trading Performance
We have a EUR/GBP backtest on the M30 time frame. The data was picked from 2013 to 2016. The modeling quality was 90.00%. The spreads were set at four pips. An initial deposit was $10,000. The total net profit has become $113,073.25. The Profit Factor was 3.53. The maximum drawdown was medium – 24.32% ($22,516.27). There were 358 deals traded with 83% of the win-rate for Shorts and 68% for Longs.
There’s a real USD account on the FXOpen broker. The system trades automatically using technical indicators data from the MetaTrader 4 platform. The leverage level isn’t mentioned. The account has lost its Verified Trading Record. It was created on February 12, 2018, deposited at $1000, and withdrawn at $11. Since then, the absolute gain has become +1022.24%. An average monthly gain is +6.58%. The maximum drawdown is high – 38.84%. The account is tracked by 194 traders.
Forex inControl traded 162 deals with 2687.6 pips. An average win is 53.78 pips when an average loss is -71.74 pips. The win-rate for Longs is 81%. For Shorts is 62%. An average trade length is seven days. The Profit Factor is 2.41.
There’s a single pair (AUD/USD) the system works with.
The robot trades mostly during Asian and American trading sessions.
It works equally during the day.
The system works on the account with a medium risks level.
The robot uses a Grid of many orders with Martingale to be profitable.
The robot closed the first two months of the year with profits.
How much does it cost?
We have the EA sold in two packages: Standard and Expert. The first pack costs $270. The acceleration pack costs $310. The packages include detailed user manual, free updates, professional 24/7 support. If we’d like to buy from Forex Store, we’ll get one license for any account, we can change it an unlimited number of times, and a money-back guarantee if not profitable or there are over 40% drawdowns.
Reviews from customers
There’s a page of Forex inControl on Forex Peace Army with two reviews published.
People shared their negative experiences of using a Martingale-based trading solution.
Should You Use Forex inControl?
|Backtest reports provided||No team revealed|
|Real account trading results provided||No strategy explanations provided|
|The robot is profitable for a long time||No settings explanations provided|
|Powered by Forex Store trading solution||High drawdowns|
|Cut out trading periods|
|The robot is based on Grid and Martingale|
|Negative people feedback|
Forex inControl is a Grid and Martingale-based trading solution. The system has been running on the real account for several years, providing acceptable profits. Anyway, this robot will not be acceptable by conservative traders because the system requires much margin to support Martingale orders on the market until closing.