Cutting Edge Forex is an automated trading software vendor that claims to build smart tools for ambitious traders. Much is known about this group and their experience in the Forex marketplace apart from what they claim on their website.
Cutting Edge Forex Review
Cutting Edge Forex is a vendor of Forex robots; SILICON FALCON, PHANTOM SCALPER, ASCENT II, and LEGEND expert advisors. The Silicon Falcon is sold for $99, Phantom Scalper cost $99 and trades on GBPUSD, EURUSD, and USDJPY, The Ascent II cost $299 and trades volatility breakouts on the 15min timeframe. Designed on EURUSD. The Legend software cost $399 and is a fully automated multi-strategy trend following and breakout trading robot.
Their EAs work on the MetaTrader platform, a software that allow advanced charting, automated trading via Expert Advisors, a lot of customization options, and more. Anything that works on the Metatrader platform works on Cutting Edge Forex EAs.
During our check on Cutting Edge Expert advisors, we saw that they are offering a basic explanation of technical analysis as strategy.
Silicon Falcon – is a Support and Resistance Trader.
Phantom Scalper – Reversal Scalper
Ascent II is a Breakout trader
Legend – is a Multi-Strategy Trend Follower, Professional Breakout Trader
Technical analysis is the framework in which forex traders study price movement. The theory is that a person can look at historical price movements and determine the current trading conditions and potential price movement.
This is where we have a problem a big problem with these Forex robots. Cutting Edge Forex fails to provide verified results for their expert advisors. One thing is to produce expert advisors another is verifying that the EAs work.
The cutting Edge Forex team provides screenshots that can be manipulated as result. Nowadays, Forex robots are verified in a transparent 3rd party statement-sharing service like myfxbook and FXBlue. In these statement platforms, you will be able to compare P? L %, drawdown, and total gain % for each verified robot.