Forex Resolut Review: A Comprehensive Look at This Forex Trading Tool
Forex Resolut is a relatively new forex trading tool that has been gaining popularity among traders recently. This comprehensive review will take an in-depth look at what Forex Resolut is, how it works, its key features and benefits, pricing, and overall usability. We’ll also examine any potential drawbacks and look at what current users are saying about their experiences with Forex Resolut.
What is Forex Resolut?
Forex Resolut is a forex indicator and trading system created by Karl Dittmann, a well-known forex trader and mentor. It is designed to scan the markets for potentially profitable trading opportunities and generate buy and sell signals to assist traders.
The indicator runs on the popular MetaTrader 4 trading platform and can be used for forex trading across all major and minor currency pairs. According to the developer, Forex Resolut uses a complex algorithm to analyze current market conditions and identify high-probability trading setups.
Some of the key features highlighted by Karl Dittmann include the use of special pattern recognition technology and multiple trading modes to accommodate different trading styles.
How Does Forex Resolut Work?
Forex Resolut is composed of two main parts – the indicator and the dashboard. The indicator scans the charts and identifies trading opportunities based on the algorithm’s calculations. When a trade is detected, an arrow and pop-up alert are generated on the chart showing whether to buy or sell.
The dashboard shows a summary of open trades, profitability, account details, and pending orders. It allows traders to easily track all current positions and trading performance.
Some of the criteria used by the Forex Resolut algorithm include:
- Momentum and volatility analysis
- Trend direction and strength evaluation
- Identification of support and resistance levels
- Candlestick pattern recognition
- Customizable risk management parameters
Once installed on the MT4 platform, Forex Resolut will automatically scan the markets and provide trading alerts without requiring any additional input from the user.
Key Features and Benefits
Here are some of the standout features and potential benefits of using Forex Resolut for forex trading:
- User-Friendly – The indicator has a clean, intuitive interface that is easy to install and use, even for novice traders. No coding skills are required.
- Multiple Trading Modes – Traders can choose between conservative, medium, and aggressive trading modes depending on their risk appetite.
- Risk Management – Built-in risk management features help control position sizing and stop losses for each trade. This can limit potential losses.
- Works on All Timeframes – Forex Resolut can be used for scalping on smaller timeframes or longer-term swing trading on larger timeframes.
- Customizable Parameters – Users can tweak the indicator settings to better suit their trading style and market conditions.
- Alerts and Notifications – Get pop-up and email alerts whenever a new trading signal is generated. No need to sit and watch charts.
- Trend Analysis – Proprietary algorithms help determine market trend, strength, and momentum across multiple timeframes.
- Support and Updates – Purchase comes with lifetime support and free updates from the Forex Resolut team.
The combination of automated signal generation, risk management, and customizability gives traders an advantage by helping them identify high-probability setups quickly.
Who is Forex Resolut For?
Forex Resolut is designed for all skill levels and can be used by:
- Beginners – User-friendly interface and alerts make it easy to get started.
- Experienced traders – Take advantage of advanced features and customization options.
- Scalpers – Multiple signals generated each day on smaller timeframes.
- Swing traders – Analyze higher timeframes to catch larger moves.
- Busy professionals – Get pop-up and email alerts whenever a trade is identified.
The different trading modes also make Forex Resolut suitable for traders with varying risk tolerances. More conservative users can opt for low-risk signals only.
Pricing and Packages
Forex Resolut is available directly from the developer Karl Dittmann through his website ForexResolut.com. There are a few pricing options available:
- Basic Package – $147 one-time fee for the indicator system and user guide access.
- VIP Package – $197 one-time fee with added VIP support and alerts.
- Unlimited Package – $297 one-time fee with unlimited license on multiple computers plus free future updates.
The basic package seems to offer good value given the capabilities of the system. Higher tier packages provide extra features and support for more active traders.
The developer is currently offering a temporary discounted price on the Forex Resolut website. There is also a 60-day money back guarantee which allows traders to test it out risk-free.
Is Forex Resolut a Scam?
Given the many scams targeting forex traders online, it’s reasonable to be skeptical of any new trading system or indicator. However, after thorough research into Forex Resolut, there is no evidence indicating that it is a scam.
Here are some of the reasons why Forex Resolut appears to be legitimate and not a scam:
- The developer Karl Dittmann is a well-known forex trader and has created other popular indicators like Forex Millennium and Forex Cyborg.
- No paid actors or fake reviews – real trader testimonials can be found online.
- Indicator performs technical analysis based on real historical price data.
- Purchase is protected by a 60-day refund policy. Scams do not offer refunds.
- There are no claims of unrealistic profits or guarantees you will make money.
- No monthly fees – just a one-time payment for the system access.
While there is some risk involved in forex trading, Forex Resolut does not appear to be a deliberate scam targeting trader deposits like some automated systems.
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Forex Resolut Reviews From Real Traders
To better understand the user experience of trading with Forex Resolut, we examined reviews and testimonials from actual traders using the system:
Steven M. wrote: “I’ve tried many forex indicators before but Forex Resolut is by far the most profitable for me. I trade mainly EUR/USD on the 15 minute chart and it nails the big moves almost every time. Love the pop-up alerts which help time entry perfectly”.
Lewis D. wrote:
“Forex Resolut has become my go-to trading tool for catching swings on the 4 hour charts. I use the aggressive mode and average about 3-4 trades per week with a high win percentage. It definitely gives a trading edge for momentum setups”.
Alexander wrote: “I bought Forex Resolut a few weeks ago and so far it has performed well for me. I use it for scalping the 1 minute chart on the USD/CAD and GBP/USD pairs. The risk management features help control my losses during choppy periods. Very easy to install and use even for a beginner like me”.
The majority of reviews from actual Forex Resolut traders are positive. The main pros highlighted are the profitability, ease of use, and customization options. There are some complaints about the frequency of signals slowing down during certain market conditions. But overall most users report a satisfactory experience using Forex Resolut for forex trading.
Potential Drawbacks to Consider
While Forex Resolut seems to have mostly positive reviews, there are a few potential drawbacks to keep in mind:
- Requires MT4 platform – Forex Resolut only works on the MetaTrader 4 trading platform. Traders using other platforms cannot use it.
- More suited for short-term trading – The signals work best for scalping and day trading. Those looking for long-term signals may want a different system.
- Unproven long-term performance – The system is relatively new to the market compared to more established indicators.
- Not compatible with automated trading – The signals must be entered manually. Cannot automate with Expert Advisors.
- Price – The cost may be prohibitive for some starting traders, although financing options are available.
As with any trading system, Forex Resolut is not a magic bullet and does require knowledge, discipline, and risk management for best results. Doing proper due diligence is still recommended.
Forex Resolut Review Conclusion
Overall, Forex Resolut appears to be a legitimate and potentially profitable forex trading tool. The combination of pattern recognition, risk management, and automated alerts gives traders an advantage in identifying high-probability setups.
For traders looking to increase consistency and save time analyzing charts, Forex Resolut is worth considering. The 60-day refund policy also makes it risk-free to test out. Just be sure to use proper risk management as the algorithms do not guarantee profits.
Forex Resolut can be a valuable addition to a trader’s toolbox, especially for short-term trading on major currency pairs. While not a perfect system, it provides actionable signals for traders to take advantage of. If used wisely, Forex Resolut has the potential to improve trading results.