The Fall is a non-repainting trading tool that works with scalping and swing trading. The algorithm can run on any time frame and provides arrow signals on the opening of the candles. The developer claims that it is perfect for new traders and investors, and we will verify this claim in our article to see if the said statement is true.
Is investing in The Fall a good decision?
There are no backtesting or live records available on the website that we can use to analyze the product’s performance. Without any proper records investing in the system is not a good decision.
Bruce Webb is the product’s author who resided in the United States. He has a total rating of 4.5 for 362 reviews. The developer has six products published on the MQL 5 marketplace and has 0 subscribers for his services. He has 2 years of experience. Unfortunately, there are no certificates or live records available that could prove their expertise in the market.
Traders can contact the developer through the MQL 5 marketplace by clicking the send message button. It is also possible to add him as a friend. A total of 2120 demo versions of their product have been downloaded.
The trading tool comes with the following main features:
It can be used for scalping and swing trading
It works on all time frames
There are no repaints
It provides mobile and desktop alerts
To install the system, use the following steps:
Purchase the system from the developer at the website and login to your MetaTrader account at the platform
Attach it to charts to start trading
It is also possible to enable alerts from the settings. The notifications are available for desktop and mobile phones.
The developer states that the system can work on all currency pairs in any timeframe. It can be used for swing and scalping and provides signals in arrows. Unfortunately, there are no live records available that could be used to custom analyze the strategy of the trading tool. According to the authors’ statement, the system does not repaint itself.
It is available for an asking price of $50 for 1 real account. There are no renting options, and there is no money-back guarantee present. It is also possible to test the product on your demo account as per the rules of the MQL 5 marketplace.
There are no backtesting records provided. The developer also does not indicate any link available for the live performance. This is a poor approach from the author and makes the product highly suspicious.
Customer reviews are present on the MQL 5 marketplace, which gives the product a total rating of 4.75 for 15 feedbacks. One trader states that the system is not working, and the product’s author is not refunding the money.
Another trader states that the trading tool looked well in screenshots but failed in real-life conditions.
Is The Fall a viable option?
It does not repaint itself
Live records are not available
No backtesting statement
No good information on the strategy
The Fall is not transparent on their backtesting and live records which raises many suspicions about the product’s performance. The developer does not detail the strategy of the system and provides no renting options or money-back guarantee. Traders will have to be careful with the use of the algorithm.
Make an informed decision
Check out the selection of the most efficient forex robots here