The Pattern Trader App was just officially released by its owner Jeff Robbins, along with the initial testing results that came from investors. The PattermTrader software seems like a very promising system but there is still not enough information about its performance to issue a conclusive verdict.
If you have concerns about it being a scam, you can read the full Pattern Trader software review I have provided below. In this way, you will be able to make an informed decision whether to join the Forex robot as its client or not.
Pattern Trader App & Jeff Robbins
Jeff Robbins started his own Forex software developing company just five years ago. Currently, he is the CEO of the company that owns the Pattern Trader brand. He made the decision to establish his own firm because of his mixed experience with various systems and signal services. Mr. Robbins’ main wish was to create a trading robot that truly works and does not waste your time.
Review Verdict: Pattern Trader Is Scam
That is how the Pattern Trader software was born, developed with the help of a team of top-notch programmers and experienced Forex market analysts. Mr. Robbins says some very good things about his software. Unfortunately, there is no way to confirm them yet, so I advise you to proceed with caution.
How Does PatternTrader Work?
The Pattern Trader app is based on an algorithm that has been in development for the past five years. It is a Forex robot for algorithmic and automated trading and has been optimized to accommodate the needs of small investors that lack experience, knowledge and a lot of capital to make big trading transactions. It has been made to be as user-friendly as possible. Jeff Robbins points out two main things as advantages for his software:
- they have invested a lot in building an infrastructure that would give them speed – the Pattern Trader has secure servers placed in every stock exchange currently operating on a global level
- their software analyzes available information every few seconds, accessing worldwide resources, to discover trading patterns.
These two things combined supposedly allow the Pattern Trader app to achieve and accuracy of 90%. Unfortunately, this statement cannot be confirmed yet.
But what can be considered a good advantage of the software is the fact that Pattern Trader will run smoothly on both your computer and mobile device, regardless of the operating system you use. This is due to the fact that it is a web-based trading system and all you need to trade with the PatternTrader software is a stable Internet connection.
Pattern Trader Software – Returns & Payouts
It is too soon to confirm that the performance of the PatternTrader App is steady and reliable. Potential clients are promised daily profits of at least $2,200. The Pattern Trader is said to uncover trading patterns and after carefully analyzing them – it will place a trade that has at least 90% chance to be winning.
This trading robot is capable of finding 13,333 patterns on a daily basis, of which it records 7,000. The algorithms have been programmed to sift through them and find the best opportunities. In other words, the Pattern Trader software is expected to place a maximum of 70 trades per trading session, with an average success rate of 90%. The amount per trade that it is set to invest is $20-$25.
Terms to Join the Pattern Trader Software
The PatternTrader software is compatible with a mixture of brokers. To my disappointment, most of them are not as reliable as I hoped. The claimed same day withdrawals cannot be guaranteed, contrary to the promise made by Jeff Robbinson.
To initiate the Patter Trader App, you have to make a deposit of at least $250. Although the software is promoted as completely free, the owners will still take 10 cents of each of your winning trades. This is not a significant sum, given the fact that you will be making returns of around $16 per winning trade. Still, there are proven to work and safe systems that do not charge anything. And my advice is that you join a trading robot like that, for example – the FinTech Ltd. Forex robot.
Conclusion
The Pattern Trader App is a very new addition to the Forex investment industry. It shows a lot of promise and I cannot claim that it is a complete scam. Still, you have to be cautious, as its results and profitability cannot be confirmed yet. If there are any developments, I will make sure to inform you.
Review Verdict: Pattern Trader Is Scam
