5EMAs Forex System Review

Review Of 5EMAs Forex System

Performance

5EMAs Forex System is a Forex trading system developed by Adam Burgoyne. The system is based on 1 hour and 15 minutes charts and uses indicators such as MACD, stochastics, RSI and EMAs.

Although 5EMAs Forex System gives you exact entry points, it offers you 3 different exit strategies: EMA20, the divergence or the trailing stop. The exit decision is left to the trader with no help from the system.

Although they have all these different exit strategies, 5EMAs posted real proof on their website. They started trading using 5EMAs Forex System with a $5,000 live account, and turned that $5,000 into $35,872 in 34 weeks.  The problem is  we don't actually know which exit strategy they used to achieve these results.

Value

Adam Burgoyne has 2 different packages. The first package includes 5EMAs Forex System, the Divergence System and 8 bonuses which will cost you $97. Recently, a second package was added which includes the first package plus the 5EMAs Advanced Edition. This retails for $119.
In my opinion, these prices are a little pricey. A Forex newbie won’t get any advantage at all by buying this system. They won’t be able to completely use it because they needs to have solid bases. So I feel this system is only for advanced traders. With 5EMAs Forex System giving you 3 different exit strategies the exit of a trade is the most difficult thing to consider. The system should be more clear in which situations you should use each one.

Ease of Use

5EMAs Forex System offers 2 packages. The first package consist of 5EMAs Forex System plus the Divergence System. This package comes with 8 bonuses, including Metatrader indicators and alerts to help automate the process. The second package is consist ofthe first package and the 5EMAs Advanced Edition. The Advanced Edition includes 4 variations of the trading strategy which comes with its own custom indicator for trade identification.
5EMAs packages are very easy to use and understand. Although there are different exit strategies so it can be difficult for a beginner or intermediate trader to know what’s the best exit point to use.

Customer Support

The customer support is absolutely great. The customer support staff are at the same time, quick to answer and also very nice.

Flexibility

5EMAs Forex System is contains a PDF manual, MT4 templates and 8 bonuses. The manual is well written and very easy to understand. You have a lot of flexibility you can even chose the exit strategy you prefer. This system allows for day trading or swing trading.
I wouldn’t recommend this trading system to Forex newbies, but the manual can be considered as a good initiation to technical analysis.

Overall Rating

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