MyAlfred is a robot that was created to read the market and provide live results.
My Alfred robot has been conducting technical analysis and executing trades for 10 years.
The vendor even claims that this robot is built out of 3000+ hours of rigorous research.
The owner of Myalfred robot is developing this product from Sydney but one thing is clear; they are new to this marketplace.
Including it in our list of the most coveted trading products would just be a tall order at this time because we feel it’s too early.
The vendor has a simple website that only lacks one thing; a proper introduction of who is developing and running this trading bot.
If they had provided a name and track record, I would have just conducted a quick background check to ascertain their claims before considering their endorsement.
Myalfred (Robot) review
Now that the vendor is anonymous and their website is new, we’ll provide a review based on what they say in addition to our critical analysis of the service.
The robot is designed to save time and not to subject users to the learning curve associated with analyzing charts.
The developer claims that My Alfred robot is an AI-based trading bot that works in rising and falling markets.
The rest of the website seems to repeat what we already know about an automated trading system.
We already know that they save time and provide a way for people with zero knowledge to make money from the financial markets.
We expect the vendor to go into the specifics of their strategy rather than using obvious reasons to convince clients why they believe this robot is good.
Trading strategy of the Myalfred robot
The website does not provide key insights on how this robot trades.
Apart from telling us that the bot uses AI technology and is equipped with money management mechanisms such as stop loss, trading of small lot sizes and leverage, the vendor does fails to paint a complete picture of their product.
We just don’t want to purchase a robot or recommend it based on the promises that it saves time and effort.
Therefore, this is something we’re hoping that the vendor will fix. If they want to be transparent, they should definitely consider solid reasons why they think their robot is the best.
Trading performance of Myalfred robot
This product is very new to the market. However, the vendor insists that they have live trading results.
We did not see any page on this website where links to their audited trading performance were posted.
On the other hand, the vendor has provided a free trial which can be obtained by sending a short message to them.
While free trials are good, we don’t know for how long the vendor will let us test this product in order to make a conclusion without feeling pressurized.
This is why vendors who are at par with the competition are always providing verifiable trading performance and using it as a benchmark for selling their products at whatever price they please.
In other words, the owner of Myalfred robot should at least consider including this information.
Conclusion
Normally we include a customer reviews section in our review because we’re always intending to discuss feedback that a product has received.
This product does not have any feedback from traders just yet, and we feel discouraged by this fact.
We would also appreciate the vendor providing some sort of variable trading performance before determining the worth of this trading robot.
Therefore at the moment it will be hard for us to say Myalfred is a good robot.
We don’t recommend it.
I’m always wondering how these things work and I have tried to get on this platform. It’s basically hard sales by people who do not understand investing nor risk. I asked which markets are trading? “The currency.” Which currency? “Just the currency….” What is your method: “that’s secret”. Then he became rude when I pushed about leverage and became very pushy and rude and I told him to buzz off.