OHLSEN TRADING claims to provide 4-13% profit a month and states that 99% of their trades are profitable. The positions are automatically copied on your trading account. Let us see if the performance of the trading signals is good enough for investment.
The company fails to give us any information on the background of the traders behind the program. They are keeping everything hidden which raises concerns on the efficiency of the system.
OHLSEN TRADING at a glance
|Trading Platforms||MT 4|
OHLSEN TRADING functionality
The company has the following features:
- It does not require any manual execution
- The whole process is fully automated and works 24/5
- There are no hidden fees
- There are multiple packages available to choose from
- They have a 30 day trial for 2.5 Euros
OHLSEN TRADING trading strategy tests
The developers do not provide any information on the trading strategy that they use. This is an extremely poor approach as it blinds traders to what to expect when using the signals. We came to know from Myfxbook that the provider is using a robot for trading as the trades are automated. It trades on EURUSD with an average holding duration of 1 day, conforming to a day trading approach. There is a sharp drop in balance and equity, which depicts that there might be martingale or grid strategies in use.
There are no backtesting results for the robot that the provider uses. They are keeping the general community under the dark on the use of an algorithm. The main aim seems to make money from monthly subscriptions. This is a terrible practice which raises many concerns about the performance of the product.
What about OHLSEN TRADING real trading results
Real trading results are tracked via Myfxbook, which shows performance from March 05, 2021, till the current date. Since then, the robot has had an average monthly gain of 2.34%, with a drawdown of 30.44%. The drawdown value is comparatively high if we contrast it with the monthly output. This shows the implementation of a bad trading strategy. There were 58 trades in total, with unknown lots traded.
The expert advisor traded with a winning rate of 97% with a profit factor of 1.20. The best trade was 13 pips, while the worst one was -293.3 pips. Most of the information on the results is hidden by the developer and there are no reasons presented for such an action. We can not see his balance, equity or profits.
There are no customer reviews on Forex Peace Army or TrustPilot, which means that the company recently came online. It also shows that not many traders are ready to try out a signal service that is not transparent on a number of factors, including strategy, vendor information, etc.
OHLSEN TRADING Review SummaryOHLSEN TRADING
Functionality2/5 BadThe service works only on MT4.
Trading strategy2/5 BadThe developer fails to provide detailed information on the strategy.
Live Results2/5 BadLive results show performance for a short duration and depict a high drawdown.
Customer support2/5 BadCustomer support is available only by contact form.
User reviews2/5 BadNo customer reviews are available.
- Uses automated copy trading
- The live records are poor
- No transparency of developers
- It only works on MT 4