Forex InControl Reborn Review – Compare The Best Forex Expert Advisers Providers 2023

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On this page, you can find a detailed look into Forex InControl Reborn robots providers. We have monitored a wide range of forex expert advisors vendors for you to review – visit here for the full list.

Forex InControl Reborn is an EA that aims to diversify the risk on forex trading. This version is the upgraded version of the original automated trading software Forex InControl.

Forex InControl Reborn Review

As it often happens in automated software development, the team behind Forex InControl Reborn is unknown, making it difficult to run a background analysis on their products.

According to the sale page of the EAs, Forex InControl Reborn is easy to set up and trades on two currency pairs (AUD/USD, EUR/GBP). It also has a hard drawdown control and can be adjusted on three trading styles – Conservative, Normal and Aggressive. The developers also promise 24/7 customer support. Let’s see which of their points meet customer expectations.

Forex InControl Reborn Trading Strategy Review

Interestingly, the vendor hasn’t provided which type of Trading Strategy they use. According to some customers testimonials, however, the EA trades with the Martingale strategy, which is pretty risky and usually avoided in most forex robots.

Forex InControl Reborn claims they’re using the StopLoss feature to limit the exact losses. It is set to be at 35%. However, there are no further details on how the robot approaches the entry and exit points and the trade management during the trade. This lack of transparency is quite off-putting to both experienced and novice traders.

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Forex InControl Reborn Backtest Review

On the official page of the EAs, several graphics represent the backtest of Forex InControl Reborn. As the software is offered in two different modes – original and upgraded (with a price difference of 40 USD).

The upgraded version includes the Accelerator mode, which, according to the developer, “allows to get much bigger profit with the same risks during flat periods in the Market”. One quick look at the backtest shows a significant difference between a standard and Accelerator mode (almost like the robot doesn’t use the same strategy).

Here are the backtest examples, based on four years periods:

► AUD/USD with Accelerator mode – from 10,000 USD to 759 216 USD (Drawdown at 29%)

► AUD/USD without Accelerator mode – from 10,000 USD to 24 437 USD (Drawdown at 27%)

► EUR/GBP – with Accelerator mode – from 10,000 USD to 113 073 USD (Drawdown at 30%)

► EUR/GBP – without Accelerator mode – from 10,000 USD to 19 473 USD (Drawdown at 24%)

Forex InControl Reborn Performance Results

Forex InControl Reborn doesn’t have many verified performance results. The only few we came across commented on the StopLoss feature not working on the 35% limit and that the forex robot doesn’t trade often.

Forex InControl Reborn Conclusion

So far, the Forex InControl Reborn has mixed reviews. The veil the developer has put on their identity and the lack of response to negative customers testimonials have indeed put off many potential clients.

Pros

► Longevity (the first version of the software came 15 years ago)

Cons

► Negative testimonials

► Many unknown parameters