Set Forget Pattern Profit can most aptly be described as a downloadable forex technical indicator. Being advertised as a “set it and forget it” technical indicator has enabled this relatively new trading solution to mock up a reputation as a semi-automated investment solution that will essentially do all the hard work for you. In theory, Set Forget Pattern Profit seems like a promising solution with their “super smart and very accurate” trading signals, but is there more than what meets the eye with this expert advisor?
Who is Behind Set Forget Pattern Profit?
The Set Forget Pattern Profit Expert Advisor (EA) is allegedly created by an entity known as Karl Dittmann. According to research, Karl Dittmann is a professional forex trader who has perfected the art of developing profitable and reliable technical indicators. Having been responsible for labeling over half a dozen forex related trend indicators we find it incredibly difficult to find where Karl Dittmann’s loyalties truly lie.
What we mean by that would be whether Karl Dittmann is just a gifted investor with a knack for programming or whether this entity is just trying to amass as much income as possible by launching countless trading solutions. Historically speaking, when we come across such circumstances, we are forced to face the possibility that these sort of investment endeavors are misleading and bogus trading solutions that accept zero liability for the performance aspect of their solutions.
A quick search of “Karl Dittmann scam” in any search engine will reveal that Karl appears to be a shifty and untrustworthy character. Accused of being a viral forex scammer united with funnel web pages that promise you very accurate signals, yet fail to deliver, has resulted in Karl Dittmann’s creations to be classified as fraudulent and unprofitable trading solutions.
How Does Set Forget Pattern Profit Work?
According to the site, Set Forget Pattern Profit was developed using the “latest accurate prediction technology.” Allegedly so smart that it will fast forward you to financial freedom in less time while being very easy to use. Essentially what we are confronted with would be a get-rich-quick scheme that is powered by a “special trading algorithm.” To further add to this ridiculous sales pitch, Karl Dittmann goes on to claim that this solution is “so powerful that it is undoubtedly the most profitable indicator to trade with.”
Expert Advisor Trading Features
Due to the nature of Set Forget Pattern Profit being a technical indicator it is quite variable when incorporated into a charting solution. According to setforgetpatternprofit.net, this indicator is most effective when used with a 15 minute, 30 minute, 1 hour, 4 hour or daily time frame. All of these time frame variations cannot be controlled directly with the indicator, but instead with the charting solution that you decide to commit with when using this indicator.
Whenever a new signal is generated, users can choose to receive a pop-up alert in the charting solution, a mobile push notification or an email alert. Among one of the promises found on the site would be how this software claims to generate between 100 to 200 pips in profits daily and requires investors to posses no trading experience. One lingering question we have would be why Karl Dittmann never included any verified or transparent investment results on the site.
Sure enough there are plenty of images showcasing trading signals that allegedly landed in-the-money with significant profits but they aren’t verified. For all we know those images could have been the 1 out of 10 original signals generated that just happened to accrue a profit. Unfortunately, we have no way to verify these signals and if Set Forget Pattern Profit is to be trusted then surely more proof of the indicators effectiveness could be provided.
Linked Trading Indicators with Karl Dittmann
Karl Dittmann is responsible for a number of forex operations that all appear to be just as questionable and misleading as this solution. Listed below are investment solutions that we have found to be linked with the entity known as Karl Dittmann (if you know more, please leave a comment below):
As of December 2017, setforgetpatternprofit.net possessed a SimilarWeb global rank of 11,219,836. This reveals to us that this site is not a popular investment destination and receives little traffic, if any at all.
Set Forget Pattern Profit Review – The Verdict
If you have been searching for a completely unverified and untrustworthy technical indicator to apply to your investment armory then Set Forget Pattern Profit is for you. For those of you who prefer a more practical, tested and legitimate alternative then we encourage you to visit our Trusted Service Provider Guide. We believe that it is obvious through the information provided in our review that Set Forget Pattern Profit is not a viable or promising technical indicator for forex investing.
Review Verdict: Set Forget Pattern Profit cannot be trusted!
Blacklisted Website: setforgetpatternprofit.net
Have you been scammed by Set Forget Pattern Profit or any correlated trading solution offered by Karl Dittmann? If so, please share any experience or knowledge you may possess as a comment below! We would also like to invest you to subscribe to our site to receive important news and scam alerts from us via email.