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Auto News Trader REVIEW
Created by Forex trader Josh Hamilton
Auto News Trader is a new breakthrough automated Forex news trader
Read 100% Free Auto News Trader Review by Scamorno Team
|System||Auto News Trader|
FULL REVIEW OF Auto News Trader
Today we’re looking at a new automated software coming from a 28-year-old college dropout that’s promising profits of nearly 2000%, Auto News Trader. The developers of this EA, tell us that they’ve put together a trader software that has the ability to read and react to explosive market movements, unlike anything that is ever been released to the Forex trading public.
We are told that “when news events happen, you can profit from quick moves that lead to 20 pips, 40 pips, 60 pips within seconds and minutes.” The 28-year-old dropout trader refers to himself as Josh Hamilton, an unknown in the Forex marketplace. The first email we received was from the Forex Growth Bot developers, and if you go to the upload of the YouTube channel, you will see that it belongs to Lance Hunter. Lance is a much more well known Forex developer and his been behind recent products like Fluid Trader.
Can You Really Trust The Auto News Trader?
At the beginning of our review of the Auto News Trader we focused on who the creators of the system were, and gave you a few links to some of their past products so that you can verify their credentials. Now, we want to look deeper at the main page, and analyze how this works, and the trading strategies that are being utilized. The method is broken down into three simple steps for trading economic news events. The first step requires traders to use the Forex Factory calendar, to identify major news events.
The second step requires the traders have their trading charts open before trading starts and get ready to make an entry at the first market move, in that direction. Then in the final 3rd step, using trailing stops and cost averaging, traders need to take profit from their finished trade. While this process is explained as something very simple, Josh explains that the difficulty occurs in step 2 and step 3. He claims that the market moves very quickly in these conditions, which makes it easy to miss profit opportunities, and why he believes his Forex robot is a perfect fit for this trading approach.
Other Details Of Auto News Trader
- Price: $197/Year
- Timeframe: Undisclosed
- Strategy: News Trading
- Pairs: AUDUSD, EURCAD, GBPUSD, EURUSD, NZDUSD, USDCAD, USDJPY, USDSEK
Currently, the Auto News Trader developers are offering their trader software for $197 year, or a one time lifetime membership of $397. Neither of these packages tell us how many accounts the software trader can be utilized on, and whether there is some sort of limit to demo or live licenses. This is certainly information that they should be providing to the community. The timeframe in which the EA operates is also undisclosed, which is something that should ideally be disclosed.
Review Verdict: Auto News Trader is a legitimate tool that works
Consumer Fraud Alert Regarding Auto News Trader
The success of Auto News Trader has given rise to many frauds who try to sell their own fake software in its name. This is a big issue as many customers have lost their money in buying from such fake sites. It is advised that customers should be really careful when they are purchasing and should do some research before they buy from any website. To spot these, watch out and avoid sites that claim to write about Auto News Trader, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid buying from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://AutoNewsTrader.com/Official (link opens in a new window). The official website that they have includes the legitimate product.
Conclusion about Auto News Trader
While the sales page isn’t the most helpful we’ve ever come across, we don’t see too many issues with the Auto News Trader EA. Obviously, we would like more transparency when discussing the details of the trader, but it is also understandable that they don’t want the public to reverse-engineer their strategies. Overall, we can highly recommend this to traders who wish to take advantage of auto-trader and profit from trading the news.
Continue reading “Auto News Trader Review – Is Auto News Trader Legit?”