Hedge Forex Robot is a trend trading system that uses an integrated hedging method. As per the vendor, it offers frequent trading and minimal risk with its efficient design. The ATS has generated $94,549 in 2022 and $56,408 in the last 30 days.
This FX EA is created by the Forex Robot Trader company, which was founded by Don Steinitz. He and his team of programmers have created several Forex Robots like Odin, Vader, Ganon, Reaper, and more. We could not find company details like founding year, location, the experience of developers, phone number, etc. The lack of company info raises doubts about the reliability of the company.
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Detailed Forex robot review
We could not find much info on the system as the vendor fails to provide sufficient details on the features and benefits of the FX EA. Some of the important characteristics that the vendor focuses on for this FX robot are:
- It can work on all currency pairs simultaneously.
- No human intervention is required as it is a fully automated system.
- The FX EA works on 8 timeframes instantaneously.
- It can trade stocks, commodities, and currency pairs.
- The ATS works on the MT4 terminal.
- It uses price movement in both directions using automatic hedging.
The vendor does not provide info on the recommended deposit, leverage, broker, etc. Moreover, thedev does not share much info on the working method of the FX robot. You can use it on any currency pair. It can be run on any computer. After purchasing the system and installing it, the robot will fully execute all your trades without any input on your part.
Hedge Forex Robot strategy tests
As per the vendor, this FX robot is a trend trading system that uses hedging as part of its approach. The FX EA begins from the highest monthly timeframe and scans the lower timeframe until it reaches a countertrend wherein it waits for an entry opportunity. The vendor claims that the approach makes it easy for the system to move more quickly than other participants and place orders effectively. No backtesting results are present for this FX robot.
Live account trading results
No verified track record is present for this FX EA. However, the vendor provides performance reports. Here is the performance report for February 2022.
A total net profit of 44886.80 is present for a total of 350 trades. Profitability is 100% and no drawdown is present for the account. While the results show excellent performance, they are not verified by a reputed third-party site like myfxbook, FXBlue, etc. The reason is that such sites provide unbiased info on the performance of the system. Due to the lack of verified trading info, we are unable to analyze the system properly.
You can purchase this FX EA for $49. The original price of the ATS is $199, which has been discounted to $49 after a 75% discount. We could not find details on the features available with the package. There is no refund policy available, which makes us suspect the reliability of the system. When compared with the price of other competitor expert advisors in the market, we find the price is quite low.
No user reviews are present for this FX robot on reputed review sites like Forexpeacearmy, Trustpilot, etc. However, we found reviews for the Forex Robot Trader company on the Forex Peace Army site. There are 270 reviews with a rating of 2.262/5. Here are a few of the testimonials:
From the above feedback, it is clear that the products do not work as claimed by the vendor. The robots result in big losses as per one of the reviews. Another user complains about the terrible performance of the EAs recommending not to buy any of the products of the company.
Hedge Forex Robot uses a trend-following approach and hedging for profitable results. The vendor does not reveal much info on the features, performance, and other aspects of the system. We find that affordable pricing is a beneficial aspect of this ATS. The lack of a verified track record, the absence of backtests, and the lack of a money-back guarantee are significant downsides we found in the system.
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