Robotron EA Banner

Fly Higher Nova Review

Fly Higher Nova presents itself as a promising forex robot offering automated trading for various currency pairs. While it boasts several features such as automated trading, customizable lot size, and comprehensive customer support, the platform has notable limitations and concerns.
Fly Higher Nova Review

Fly Higher Nova Summary

In the ever-evolving landscape of forex trading, automation has become increasingly prevalent, with traders seeking efficient solutions to capitalize on market opportunities. Fly Higher Nova emerges as one such forex robot, offering automated trading for various currency pairs. In this comprehensive review, we will delve into the intricacies of Fly Higher Nova, exploring its strategy, features, pricing, and more.

Understanding Fly Higher Nova’s Operation

Fly Higher Nova presents itself as an Expert Advisor (EA) designed to facilitate fully automated trading without the need for manual intervention. While the specific terminal (MT4 or MT5) is not mentioned on the website, the robot claims to utilize advanced calculations to determine optimal Stop Loss and Take Profit levels for each trade. Traders have the flexibility to choose any currency pair for trading, catering to both experienced and novice traders.

Setup and Registration Process

Getting started with Fly Higher Nova is relatively straightforward. Traders need to register on the vendor’s website, choose a subscription type, and follow the instructions provided via email. The subscription options include a one-year plan priced at $320 and a lifetime license available for $500. Upon payment, traders receive access to video tutorials and user guides to assist with the setup process. The platform also offers full-time customer support to address any queries or issues that may arise during installation or operation.

Key Features of Fly Higher Nova

1. Automated Trading:

Fly Higher Nova offers fully automated trading, allowing traders to execute orders without manual intervention. This automation streamlines the trading process and eliminates emotional biases from trading decisions, potentially leading to more disciplined and systematic trading.

2. Customizable Lot Size:

Traders have the option to trade with a fixed lot size or allow the software to calculate the lot size automatically based on their capital. This customization feature provides flexibility and allows traders to adjust their risk exposure according to their individual risk tolerance levels.

Download Waka Waka EA

3. Customer Support:

The platform provides comprehensive customer support, including installation assistance and troubleshooting guidance. Traders can reach out to the support team for assistance with any technical issues or queries they may encounter while using the software.

Limitations and Concerns of Firestorm Odin EA

1. Lack of Essential Information:

One significant drawback of Fly Higher Nova is the lack of essential information provided on the website. Crucial details such as recommended deposit, leverage, and timeframe are not mentioned, making it challenging for traders to make informed investment decisions. Without this information, traders may struggle to assess the suitability of the platform for their trading objectives and risk tolerance levels.

2. Absence of Trading Strategy Details:

Fly Higher Nova provides vague information about its trading strategy, stating only that it trades with the trend. The absence of specific details regarding the trading approach, timeframe preferences, and risk management strategies raises concerns about the transparency and effectiveness of the software. Traders require a clear understanding of the underlying strategy to assess the potential risks and rewards associated with using the platform.

Pricing and Refund Policy

Fly Higher Nova offers two subscription packages: a one-year plan priced at $320 and a lifetime license available for $500. While these prices may seem relatively high compared to other providers, they include free updates, customer support, and educational resources. However, the vendor’s 24-hour refund policy may raise suspicions among traders, as it is relatively short compared to industry standards. Traders should carefully consider the pricing and refund policies before investing in the platform.

Analyzing the Trading Strategy and Results of Firestorm Odin EA

1. Trading Approach and Results:

The lack of information on the trading strategy offered by Fly Higher Nova is disappointing, as they only mention that the robot trades with the trend. It is unclear what timeframe traders should use and how much margin they should have for each open deal to keep it alive on the FX market if a drawdown occurs. Moreover, the company does not provide any trading results on its website, which is a red flag. Legitimate trading systems usually share live trading results to prove that their system generates stable income.

2. Back Testing:

There are no back tests shared by the Forex Robot Traders team on the official Fly Higher Nova website. It is advisable to use Bits Tick Data Suite (Birts TDS) to back test Fly Higher Nova with 99% modeling quality using real tick data, real spreads, real commissions, and real slippage. This would help decide the best currency pairs and time frames to run it on and also to get a rough idea of its historical performance.

3. Live Results:

If the lack of top-quality backtests wasn’t bad enough, the developer isn’t even sharing any real live verified accounts of the Fly Higher Nova. Without them, we don’t have any idea of how good or bad this forex robot has been performing in the current market conditions, which are constantly evolving.

Conclusion

In conclusion, Fly Higher Nova presents itself as a promising forex robot offering automated trading for various currency pairs. While it boasts several features such as automated trading, customizable lot size, and comprehensive customer support, the platform has notable limitations and concerns. The lack of essential information, vague trading strategy details, and short refund policy may deter some traders from investing in the platform. As with any trading tool, traders should conduct thorough research and due diligence to assess the suitability of Fly Higher Nova for their trading objectives and risk tolerance levels.

Investing Robots

Investing Robots

We review and rate forex robots, stock trading robots and crypto robots. Our team have many years of experience testing thousands of trading robots so that we can provide readers with feedback based on our own opinions.

InvestingRobots.com
Logo