The Striker EA is a piece of trading software from The Forex Police that they claim is able to produce significant returns on your betting bank by trading on Forex.
What does the product offer?
The Striker EA is sold as a complete trading platform with The Forex Police saying that the software doesn’t just identify trades for you but actually run automatically on their servers. In terms of what you can expect from The Striker EA, there is a window for trading between 8am and 2am, Monday to Friday and on hourly intervals.
In terms of the numbers, there is a claimed average of 25 trades posted per month however their own results show that this figure is regularly exceeded and rather substantially. In order for The Striker EA to work properly, The Forex Police say that it has been programmed to only trade based on EUR/USD.
The Striker EA uses 5% stakes for each trade and has a claimed success rate of 65%. It is worth pointing out that in order to be able to use The Striker EA, you must create a new trading account with Forex MetaTrader Broker.
How does the product work?
The sales material for The Striker EA gets very excited about the claim that the software is artificially intelligent, something that The Forex Police say puts it on the cutting edge. Allegedly having the ability to “think[s] like a human and remains solid & systematic in its approach like a robot.”.
What is the initial investment?
Technically speaking, The Striker EA is a free to access product however as mentioned you do have to create a new account with the brokers.
It is also worth pointing out that after 6 months of using The Striker EA you have to pay £20 per month for server space.
If you want to install The Striker EA on your computer and monitor The Forex Police’s account then this will cost you £14.99 per month or alternatively, you can also pay £24.99 to receive email signals.
Payment is handled directly via Paypal and all of the paid options come with a 30 day money back guarantee however you will have to deal with The Forex Police directly to claim this.
What is the rate of return?
Over the last 5 years, The Forex Police report that The Striker EA has made a profit of over £35,000 starting with just £350 in the trading bank however this doesn’t paint a full picture.
Conclusion
On the surface of things The Striker EA looks like a solid offering.
The income potential is seemingly solid and over the long term this is possible however there are definitely some months where the losses were rather substantial. Whilst these costs have been inflated with the betting bank they still represent losses of almost 30% of the bank in some quarters.
For me this presents a lot of risk and it isn’t just a one off either. If you can afford to ride out the losses then The Striker EA may be worth consideration but I’m just not convinced.
