Ganon Forex Robot claims to be an elite software that can generate high returns with minimal losses. It has generated $95,329 for the past 30 days and $84,636 in March. As per the vendor, this FX robot uses a unique Strand theory that helps to spot profitable trends and avoid fake-outs. It works on the MT4 terminal and uses a hyper and a normal mode based on the volume and number of trades. The vendor claims that you need not learn complicated strategies as the FX will take over the trading and provide improved results in a few seconds.
Detailed Forex robot review
Don Steinitz of the Forex Robot Trader (FRT) company is the developer of this FX robot. He and his team members including top-level programmers and traders have created this FX EA besides several other systems. The developer claims that the programmer team has members with expertise in MQL code. As per the vendor, the main goal of the company is to provide the best quality FX robots and indicators on the Forex market. Vader, Odin, Pterodactyl, etc. are a few of the EAs of the company. Some of the main features of the FX EA as per the vendor are:
- It is a 100% automated software that works independently and does not require your input.
- A unique strand theory is used by the EA to spot the profitable trend signals.
- You can pick from the hyper or the normal mode for the trades.
- The system is optimized for all the major currency pairs.
- Installation of the software is easy and completed in 5 minutes.
- The FX robot can work on any broker, account, and lot size.
- It can adjust to work using a micro lot, mini, and full-sized lots.
- Hyper mode is present for use on a higher number of trades and normal for the bigger trades.
Ganon Forex Robot strategy tests
As per the vendor, the FX robot uses an approach that has been developed and tested over the last six years. The approach is called strand theory and is used for spotting reliable trends. An ATR trailing stop helps to protect the profits in every trade. The approach also helps identify fake-outs and price manipulations. We could not find backtesting info which prevents us from evaluating the strategy properly.
Real account trading results
No verified trading results are present for this FX EA. Instead, the vendor provides monthly reports on the performance of the robot. Here is the report for March 2022.
From the stats, we can see the system has generated a total net profit of 84,635. The maximum drawdown is 0% and the profit factor is 11.47. A total of 611 trades have been executed with 88.385 profitability. From the results, we can see the profit factor value and the net profit are high indicating good performance. However, due to the lack of verified results, it is not possible to evaluate the efficacy properly.
To buy this FX robot, you need to pay $79. The original price of the product is $199 but the price has been discounted to $79 now. No info on the features available with the package is present. The vendor does not provide a money-back guarantee which makes us suspect the product is not a reliable system. When compared to the market average, we find the price is affordable.
We found user feedback for the company on the Forex Peace Army site. A total of 271 reviews are present with a rating of 2.25.
As per the feedback, the company provides good support but the performance is not good. The user complains of all products of the company failing to provide results in the short and long term.
Ganon Forex Robot is an MT4 compatible tool that assures profitable trades with minimal risk. Our analysis of the system reveals the absence of a verified track record and the lack of backtesting results. Without proof of performance, it is difficult to evaluate the FX robot. Other shortcomings we noticed in the FX robot are the lack of a refund offer and the absence of vendor transparency.