Super EZ Forex offers a Forex indicator called Simplicity. It uses a simple algorithm for identifying profitable opportunities. Although it promises good results and claims to be a game-changer for new as well as experienced traders, a thorough analysis of its various aspects needs to be conducted before we can arrive at a conclusion about its profitability.
On the official website, the vendor has made an extremely brief presentation. Some basic information on Forex trading has been provided, and a video showing live trading has been shared. We also have some screenshots of trade examples showing high pip gains.
The main features of the system have been outlined, and some testimonials from satisfied clients have been published on the website. Finally, we have the answers to some frequently asked questions.
There is no information available on the vendor, which creates some transparency issues. We don’t know the identities of the traders and developers who work behind the scenes. No physical address has been provided for the company either.
Features
Super EZ Forex follows a simple color matching algorithm. It works on any time frame and is able to trade in any currency pair. Regular alerts are sent to the users via email and mobile, so you don’t have to worry about missing out on profitable opportunities even when you are on the road.
For filtering the trend and canceling out the noise, the system uses a customizable smiley face. It also has a special name personalization feature, and if the name doesn’t appear in the box, you need to hit refresh. While identifying trading occasions, this indicator concentrates on hot zones that are used for confirmation of long and short trades, while also acting as recommended stop loss areas.
Nowhere on the official website we could find any information related to the trading strategy used by this trading system. This comes as a major disappointment since we don’t know what techniques this indicator uses for spotting decent trading occasions. The absence of strategy insight might be taken as a red flag by those traders who like to know about the technical details of the same.
How to Start Trading With Super EZ Forex
Simplicity indicator can be bought for $299 + 8,25% tax. After making the purchase, you will get access to two licenses. If you wish to buy more licenses, you need to pay $149 for each. It gives you access to a trading group on Telegram, detailed video tutorials, trading journal, live trading classes, chart and price action guides, as well a news event list. No refund is provided for the product under any conditions.
This indicator has a special feature known as the evidence dot, where a dot is displayed upon the relocation of the arrows to another location. You can use this functionality for performing backtests as well. If you wish to work with a non-repaint trading system, you can simply get rid of the dots and arrows.
Backtests
We don’t have the backtesting data for this indicator on the official website. This makes it difficult for us to evaluate the indcator’s profitability, since backtesting reveals some important performance parameters like relative drawdown, win rate, profit factor, etc. Without a backtest, we cannot determine how Simplicity would perform based on historical data.
Unverified Trading Results of Super EZ Forex
On the official website, we have some screenshots of trading results, along with a video. But the thing is, we cannot consider these trading results as authentic. The vendor could have easily manipulated the results to make them look profitable.
New and experienced traders alike look for verified live trading results before purchasing any trading system. When the results are verified by a third-party website like Myfxbook, FXBlue, or FXStats, you know that they reflect the true performance of the system. Therefore, this will definitely deter most traders from investing in the indicator.
Customer Reviews
There are a few user testimonials on the official website of the Forex indicator, but to be honest, they do not look genuine. We were unable to find any reviews on websites like Quora, Myfxbook, Forexpeacearmy, and Trustpilot. This tells us that not many people know about this system as of now.
Is Super EZ Forex a Viable Option?
Advantages
- Two licenses provided
Disadvantages
- No verified live trading results
- No backtesting data
- No refund policy
Conclusion
You cannot trust Super EZ Forex to bring you profits, day in and day out. The vendor does not clearly explain the trading strategy, nor do they share any verified live statistics showing profitable trades. As such, it is risky to invest in Simplicity indicator, and we think you’d be better off opting for a system that has a long and verified track record.
