Today’s review will be about a Forex GBP Avenger robot.
The site looks like this. It seems there was much content, but something’s happened with data. The developers didn’t care about fixing this issue.
It’s how their site looks in Google search – no meta description.
If we memorize correctly, there should be a video with explanations and examples of how cool they are, but now, no luck.
Detailed Forex Robot Review
At least we have some text that was not removed with pictures and videos.
- The robot is a fully automated trading solution.
- The company unites traders and developers from China, the US, Russia, and India.
- Most likely, Forex GBP Avenger was built around Elliott’s wave theory.
- It opens trade during the most active markets opened: European and American.
- The EA works with many(?) cross pairs.
- It can adapt to many market conditions.
- The robot has been backtested to make sure it’s a profitable trading solution.
From this block, we found out that the robot performs a scalping strategy.
Clicking “Learn,” we went nowhere: the page is just reloaded.
This template text, we can see instead of questions and answers in the FAQ. The devs don’t provide updates, so it tells much about them and their service.
There were pictures with numbers.
Forex GBP Avenger Strategy Tests
The devs mentioned that the robot was “tortured” on the backtest, but we couldn’t find them.
Real Live Account Trading Results
The presentation includes a chart block. As we can see, the EA trades unpredictably.
Let’s take a look at the real USD account on IC Markets. It used Technical indicators and traded automatically with 1:400 leverage on MT4. The account was created on July 10, 2019. For over a year, the absolute gain became +187.77%. An average monthly gain was 8.09%. The maximum drawdown wasn’t high (16.51%).
The EA traded 815 deals with 2819 pips. An average win (17.84 pips) is just a bid behind an average loss (-25.73 pips). The win-rate was between 64% and 69%. An average trade length was up to six hours. The Profit Factor wasn’t high as for a scalper (1.25).
Forex GBP Avenger traded ten symbols and skipped trading EUR/USD.
The robot worked during the closing of an American session and the opening of an Asian one.
The robot opened little trades on Mondays because of a lack of market data.
The EA stopped working, having traded with descending risks to the account balance.
As we can see from the sheet, the EA opens many Hedge trades with the same TP levels.
Trading results vary so much, depending on the month. The developers decided to stop and withdraw the account.
There should be packages, not a single one. The last one costs $300. It allows trading on one real and only one demo account. We can receive free updates only for the first three years (it’s nonsense). There’s a 30-day money-back guarantee.
Having proceeded to the Refund Policy page, we’ve found ourselves on a 404 page.
The site is enhanced by fake reviews without people’s photos and with suspicious positions.
There’s an Abandoned Test on FPA. Their page doesn’t include any people’s testimonials nor rates.
It’s never been a good and stable scalper. It grows the account but with huge ups and downs.
The developers tried their best to hide all important information about the robot: like money-management, SL, TP, risks settings, account requirements, ECN, VPS requirements, and many others.
The site itself looks completely abandoned and screams that this service isn’t available anymore. After checking the Refund page, everything became clear for us.