Detailed Forex Robot Review
FXAdept is another robot designed by Forex Trading System. The robot has managed to provide up to 30% of the monthly gain. The forex robot doesn’t work with martingale, grid, or scalper strategies.
Not using scalping allows the robot to work with any brokerage company. “Orders are usually staying in the Market for at least a couple of hours and have TakeProfit up to 100 pips (4-digit),” devs told. Not using the grid allows not to have huge drawdowns because of stacking deals.
The system behind the robot has been introduced as one that has got a unique ability “to get a stable profit every month and at the same time works without Martingale.” It’s because there run two basic algorithms. The system uses the RSI indicator in a very specific way that allows finding the best entry points. “We find long flat periods according to RSI when the price is inside the corridor of the boundaries of RSI indicator, and at their breakdown, we understand that the trend begins. Carefully selected settings and additional filters allow us to open profitable trades with a high probability in the direction of the trend,” devs said. The take-profit feature collects all the profit makes it longer. The money-management system runs taking into account the next parameters: duration of a trade staying in the Market, current profit or loss, activity of the Market movement (volatility), the number and direction of other open orders, readings of the indicators used.
The robot works well from the $100 deposit and with any leverage level.
FXAdept Strategy Tests
As usual, the devs provide many of backtests to get some trust from investors to their products. We’ve got the USD/JPY currency pairs tested om the 1H time frame, with the high risk. The deposit has been $10000. The total profit equaled $42.6M. The profit factor is high and equaled 1.98. The maximal drawdown has been 86.66%. FXAdept performed 795 trades. The average win-rate was about 60%.
Real account trading results
It’s a real USD account with FXOpen as a brokerage company, traded on the MetaTrader 4. During two years and a half, the robot provided +357% of the gain. The average monthly gain is 5.63%. The max drawdown equaled 37%.
There have been executed 329 trade with 3236 pips. The win-rate is impossibly low and equaled 52-54%. The profit factor is kind of low as well and is 1.66. The average trade length is 3 days.
The robot trades all hours including the market opening.
FXAdept trades with high risks. There is a 7.13% chance of losing 10% of the account balance.
As we can see, the robot trades not so often. During the 2019 year, it traded just for 8 months. Some of them have ended with huge losses.
We’re offered to pay $270 for getting one real account license, trading the USD/JPY currency pair, having a detailed manual, and welcome 24/7 support.
The seller provides the 30-day money-back guarantee.
ForexStore rates it a bit less than other FX products.
FXAdept trades so vary. It’s endless ups and downs. In the 2019 year, 33% of the time robot didn’t trade.
From 8 months of working two of them ended with huge losses. February 2020, ended with a huge loss as well.
The robot has to be tested on a demo account at least several months or you can check the official account data to be brought up to speed.
Now it’s not a robot we can say completely sure that it’s a good option. Upcoming March and April 2020 data should clarify how everything will go.