EuroRise Review
EuroRise (formerly EURClimber) is an Asian session scalper that trades on the M15 charts of the USDCHF and EURGBP currency pairs. Unlike most other systems that hide their secrets, EuroRise is a breath of fresh air, offering an explanation of their strategy on their sales page:
EuroRise first determines the current support and resistance and also the current trend. If the current trend is up, but the price hits the support, EuroRise goes long, expecting the price to return back to normal and the other way around.
At the sales page, EuroRise provides a link to their MyFXBook verified statements allowing you to see the trades, results, etc. As you’ll see, EuroRise typically averages at least one trade per day, so it is an active system. For those who like the “plug and play” system, EuroRise doesn’t require the user to configure many settings, rather once you download your chosen pair (USDCHF or EURGBP) you are off and running!
One of the most innovative features of EuroRise is their “broker suitability” score that allows the trader to determine the suitability of their broker by recording spread, slippage and commissions across a minimum of 15 trades. The score (1-5) will help the trader identify the broker that will give them the best results with EuroRise.
EuroRise Claims
- EuroRise works well with stop loss of only 25-35 pips and the average trade holding time is about 2 ½ hours.
- EuroRise works with any broker, however it’s best to check the “broker suitability” if you want to make serious money!
- EuroRise has been backtested and those trades match the trades taken during the forward test, meaning the backtest is a valid indicator of the system’s profitability.
- EuroRise only uses limit orders for closing and opening the trades, meaning any slippage works in the favor of the trader!
The EuroRise Package
EuroRise charges a monthly subscription price of $39 with an option to purchase a “lifetime” license for $349 but only after trying EuroRise for at least one month. All updates are done at no additional cost and EuroRise offers a 100% money back guarantee.
Conclusion – EuroRise Review
EuroRise has proven itself to be a reliable EA and their transparency is refreshing. Not only do they disclose their strategy on their sales page, link to a verified MyFXBook statement, offer the “broker suitability” score, but their pricing model also reflects their confidence – they require you to try the system for a month before you can buy a lifetime license. We’ve never seen that before!
