Directional Forex Robot comes with custom indicators, and templates and allows traders to close out their trades manually. Everything within the chart interface can be customized as per the needs of the investor. The developer provides custom live records on their website which we will analyse to see whether Directional Forex Robot can be a good choice for purchase or not.
Detailed Directional Forex Robot review
Directional Forex Robot comes from the family of Forex Robot Trader, and the brain behind the system is Don Steinitz. The vendor has many EAs available on their website, such as Odin Forex Robot, Reaper Forex Robot, Falcor Forex Robot, Ganon Forex Robot, etc.
Directional Forex Robot comes with the following set of features:
- It trades on the MT4 platform.
- It is compatible with all forex currency pairs and timeframes.
- The robot can work perfectly with 4 or 5 digit brokers.
- Automatic money management.
- Custom indicators, an expert advisor, and templates are provided.
- The algorithm uses a trailing stop-loss approach.
How does it work?
The robot works by following the steps mentioned below:
- Buy the robot from the official developer’s website
- Download the EA files on your computer
- Launch the MT4 platform on your PC
- Drag the bot files onto the charts section and enable auto-trading
|Directional Forex Robot|
|Price||$199 (but on discount at $49)|
|Strategy||Heikens Ashi Smoothed|
|Currency Pairs||All Forex Currencies|
|Recommended Min. Deposit||$250|
Directional Forex Robot strategy tests
The algorithm uses the Heikens Ashi Smoothed indicator to place trades on various currency pairs and any time frame. The expert advisor uses trailing stop loss for risk management and it can work automatically with 4 or 5 broker digits.
From the history of the trading records on the website, we observe that it does not place any stop loss with trades. The exits can vary between 10-100 pips.
Backtest data analysis
Backtesting data used to check the historical win rate ratio, performance, and profitability of the robot is not available on the website.
Live account trading results
The developers of Directional Forex Robot have shared a monthly trading result sheet on their website. They don’t have verified live trading results from the websites like Fxblue, Myfxbook, FXStat, etc. We have the trading results for April 2022. The account balance stands at $4056550.76, with a net profit of $34939.70. The relative drawdown value of the algorithm is 0.02%, with a profit factor of 4.81. So far, there have been 23 maximum consecutive wins and three maximum consecutive losses. The system participated in 368 trades, of which 79.62% were positive.
The robot is available for $49 after a 75% discount. The payments can be transacted through PayPal and credit card. The service provider doesn’t provide any money back guarantee.
No customer reviews for Directional Forex Robot are present on reputed third-party websites such as Trustpilot, Forexpeacearmy, Quora, etc., but some traders comments can be found about the company behind the expert advisor, Forex Robot Trader, on Forexpeacearmy. It has a rating of 2.251/5 with 271 reviews.
One of the traders commented that the live data is fake and seems suspicious.
Another user wrote that Forex Robot Trader is a scam and fraud. He advised everyone not to buy anything from this vendor.
Directional Forex Robot fails to provide verified live testing from reputed forums such as Myfxbook, Fxblue, etc. No backtesting records were provided by the developer, which can be used to know the credibility of the algorithm. The vendor doesn't promise any money back guarantee. Furthermore, negative customer reviews on Forex Peace Army point the finger at the service provider's credibility.
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