Published on July 26th, 2017 | by John Kane0
Binary Review: Profit Harvester System
Summary: This vendor is confused, and doesn't seem to have any understanding of binary options trading.
Today I’m looking at a new binary options trading software that claims to be tried, trusted and proven, Profit Harvester System. According to the sales page, this robot is self-learning, which means that it will learn from every single trade that it takes and improve its trade logic overtime.
It is unknown who the developers of the software are, or where they are located. There is also no support email or contact number at all, so there is no way to get in touch with support. This is a bad sign.
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Profit Harvester System Review
The sales page is somewhat confusing because the developers attempt to use Forex trading proof for binary options software. This makes no sense for the Profit Harvester System, and makes the developers come across like they do not understand trading despite trying to sell us a trading software. I’ll go over the results further in the results section of this review, don’t miss it.
The creators of the software claim that the system reduces risk and increases reward by utilizing the knowledge of thousands of traders and staying focused on quality instead of quantity. They have a list of different features they believe set them apart from other binary options trading strategies in this marketplace.
All of these elements, are loosely tied to strategic ideas and methodologies but none of them are ever flushed out or explained in any real detail. I believe this is because the developers of the system have very little to no knowledge of the trading markets, and are just providing the system as a means to increase their pocketbooks.
Fake Trading Results
If you are looking for reasons to avoid the Profit Harvester System, then look no further than their trading results. At the top of the page, there is a my FX book screenshot that has nothing to do with binary options at all. They are using this screenshot to make it seem like they have verified trading results when they don’t. This is clearly a Forex trading account, that they have taken a screenshot of and then photo shopped.
In fact, if you look at the screenshot closely you will see at the top left where the system is normally labeled, it’s been deleted. Also, if you look at the top right you will see that it says track record not verified with a checkmark next to it. Which means, they’ve also edited this screenshot to add the green checkmark when it wouldn’t be there. When it says not verified on my FX book, there is always an x, never a checkmark.
Then, lower down the sales page they provide 17 year back tests, which again have nothing to do with binary options. They tell us that the software has 53% successful trades with a maximum drawdown of 6% and 73% total profits. I don’t think the developers understand binary options at all. A 53% in the money ratio is terrible, and you would lose all of your money. There is no such thing as a maximum drawdown in the binary options market. Again, this developer clearly has no idea what they are doing.
Stay far away from the Profit Harvester System. This developer cannot differentiate between the Forex market in the binary options market. With that being said, they are actually trying to sell us a binary options product without knowing how the market works. Vendors like this cannot be trusted, and you have to do everything in your power to make sure that you do not end up depositing money with someone who doesn’t know how to trade.
Thank you for reading my review, and please let me know if you have anything you would like to add.
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