Forex Bling Review
Note: See my test results of Forex Bling at the bottom of this page.
Forex Bling is the brainchild of Yohanes R. Gagahlin from Switch Capital Management. According to the website he struggled for 5 years trying to make money in the forex market, using numerous systems, before eventually “breaking the code”, as developers of forex robots like to say.
Since then he has been managing accounts with this system for 3 years with “outstanding success”. Apparently Mr. Gagahlin is a well established authority in forex trading, presenting numerous seminars on different aspects of forex trading. He also has a forex blog. Forex Bling consist of three different robots by means of which all market conditions should be covered: trend trading, break-out, scalping and grid trading.
Forex Bling Claims
According to the developer there are 5 reasons why his system should be preferred above other robots:
- It is developed by a real person, an authority on forex trading. Forex Bling is created and evaluated by Mr.Gagahlin, the founder of Switch Labs and ForexHope. He has done many REAL FOREX seminars in several Asian Countries.
- Support of claims: They support their claims giving you access to a live account, updated every 5 minutes. They also provide a number of video testimonials of satisfied clients. No back testing results are given.
- Unlike other products that are limited to one specific market, Forex Bling provides you with several diverse trading systems: Scalping, trend follower, breakout and grid trading. These systems can be used as you like, depending on what you prefer.
- Flexibility: With these strategies all market conditions can be met, trading in all the major currency pairs on the 15 minute time frame.
- Forex Bling is the fruit of research from a trusted FOREX service provider. Forex Bling is the latest line of products from ForexHope. ForexHope started in 2007 and has already served more than 3000 retail traders according to the webpage. They are also known as developers of 3 other profitable forex systems: Pointbreak-5, Dreambuilder-FX and Fractals Wizard-4.
How does Forex Bling work?
This robot is a trading system based on three robots, which cover basically all market conditions:
- Freedom (which follows trends)
- Evolution (break-out)
- Thunderbolt (Scalping)
Grid Trading is added as an additional trading strategy, but it is not clear which robot will be used for this.
Each robot has its own settings which are clearly documented in the manual and videos.Each robot also has its own money management system. The Forex Bling system accommodates 4-and 5- digit price quotes and is also compatible with ECN brokers.
The Forex Bling package
Price: Forex Bling is presented as a subscription service of $399 per month, but this has been cut to $33 per month as a special offer during the initial public offering period.
When you buy Forex Bling you get the following:
- The Evolution expert advisor (compiled .ex4 + library file .dll) (break-out)
- The Freedom expert advisor (compiled .ex4 + 4 indicators .ex4 + library file .dll) (trend following)
- The Thunderbold expert advisor (compiled .ex4 + library file .dll) (scalping)
Everything you need to know is explained in a 26 page pdf manual. Very good specific video tutorials are also included. Each of the three robots has a couple of settings which are clearly documented in the manual and in the videos.
Guarantee: The product is covered by a 60 days money back unconditional guarantee.
My Forex Bling Test Results and Conclusion
I tested Forex Bling over a period of 2 months and was disappointed by the results. Profitable trades were immediately followed by larger losses and the demo account I tested it on was never in profit over the period that I tested it. The latest test I did ended up with a -4% loss after 42 days of trading.
See my testing stats and account statement on the Forex Robot Testing page. Based on my own test results I wouldn’t recommend this product to anyone and would definitely suggest that you focus on one of the robots on my Top 5 list or subscribe to my weekly robot testing newsletter.
