Detailed Forex Robot Review:
Forex Robotron is one of the first automated advisors that were developed for the Metatrader trading terminal. It was founded in 2007 when development teams and traders only tested the possibilities of optimizing and automating Forex trading. During this entire period, several versions and updates of the robot were published. It is also sold on the official website. And its cost is as much as $499 for the standard version and $999 for the premium version of the adviser.
Forex Robotron Description:
- Currency pairs – euro / dollar and pound / dollar
- Timeframe – M15
- Advisor type – automatic
From the description of the developers it follows that this robot has been tested for more than 10 years. And during this period he managed to show a profit totaling in excess of $ 1 billion. If we objectively evaluate such indicators, arising a number of additional questions. Firstly, why haven’t the exact algorithms of the automatic system operation been described? Secondly, why the results are shown only from one source?
Forex Robotron Trading Strategy
This advisor is trading on any version of Metatrader 4 terminal. We will not see any built-in indicators or other technical assistants after installation immediately. Transactions are opened often enough for short periods of time. Robot belongs to the category of scalpers.
Opening short-term transactions is always accompanied by increased risks for users. The principle of operation of this advisor is to open positions without using signals from indicators. Next, the robot waits until the deal goes into a small plus up to 10-15 pips. After that, the order is closed. But in this case it is important to observe the condition of a low level of the spread. And such trading conditions today can offer not all brokerage companies. You may to change the broker or select it, taking into account multiple restrictions and recommendations.
Forex Robotron Pricing
As we wrote above, the adviser selling in two versions: more affordable and premium for one thousand US dollars. Their difference lies in the number of accounts on which the adviser can be used. The easiest option is to install the robot on one account with one broker, only on the Metatrader 4 terminal. The bonus version differs only in that it can work simultaneously on five accounts, with different brokers.
Forex Robotron Trading Results
The official source of profitability contains information that this robot is capable of bringing 3000% of profit to the one who will use it. It is noteworthy that the data from the independent portal Myfxbook are presented only from one profile. The user who tested the adviser was registered with an unknown GOB Trade 2 broker. In the screenshot below, you can see this information:
Is the adviser high yield confirmed?
This broker is practically not mentioned on the Internet. Only one review made on it, which fully confirmed the fraudulent actions of the company. In fact, this is a non-existent company that was created for the personal purposes of the creators. The broker is not active, as well as does not have a full-fledged site.
This suggests that the data yield Forex Robotron adviser were forged or specially created with the involvement of third-party users. After all, on the Net you will not find a single review from buyers of the robot, which could confirm the results of the yield of + 3000%.
We can`t recommend this automated advisor until developers start using proven and licensed brokers for testing. In addition, the official site would be worth confirming and describing the algorithms used in the work. After all, all we know is that this advisor is an aggressive scalper. It does not use the Martingale method and the grid of orders, due to which a not so significant drawdown of the account is achieved.
In favor of the adviser, I would like to note the presence of a guarantee from the developers, which is distributed the first 2 months from the date of payment. However, it is not possible to confirm whether the support service is contacting after you purchase their software. Since the site looks old, not modern. The last update of the site was a few years ago.
Taking into account the high cost of the adviser and the lack of clear algorithms for its work, we can`t recommend Forex Robotron to purchase and use on real accounts.
Overall assessment: 6/10