Forex Robotron Review – An EA Costing $999 With No Performance
Today I’m reviewing a pricey Forex expert advisor called Forex Robotron. In this Forex Robotron review, I will be analyzing the various aspects of the expert advisor to help you make a decision as to whether or not this is the EA for you.
However, if you want to skip this Forex Robotron review and get started with the most reliable Forex robots that agrees with my trading strategies and methodologies, I advice you to explore this page and pick any one of the expert advisors.
Otherwise, the vendor considers this Forex robot to be the only expert advisor in the market that is not broker and spread dependent.
They also claim that Forex Robotron is the only expert advisor that has been comprehensively tested on real tick data, variable spreads and slippage including trading scenarios where commissions are factored into the trade.
There are 4 plans under which traders can purchase Forex Robotron EA. The basic plan sets you back by $299 while standard, gold and premium subscription will cost $499, $599 and $999 respectively.
Gold and Premium plans come with 2 and 5 licenses respectively. All plans come with unlimited demo license.
Note: You can only trade Forex with a regulated and reliable broker. Otherwise, you will fail no matter your trading strategy or EA which you purchased for a premium price tag.
Forex Robotron Review
This expert advisor is designed for Metatrader 4 platform and is compatible with EURUSD, GBPUSD, EURCHF and EURGBP pairs. Stop loss to limited to 20 pips which makes me wonder what happens when trading during news time. Also, some pairs such as GBPUSD can swing widely during the day. 20 Pips STOP LOSS will almost knock you out of the trade always.
By default, it risks 5% of your trading capital, although users can increase or decrease their risk exposure accordingly.
The sales page alleges that this robot is as a result of many years of programming, testing and fine tuning by people who have enormous trading experience in the Forex market.
The domain was registered back in 2013. However, Forex Robotron appears to have started promoting this expert advisor in 2016. This is supposed to be in line with the allegations that it took the team ”many years” to come up with this trading tool.
Forex Robotron Myfxbook trading results
There are two myfxbook accounts which are allegedly tracking the performance of this robot.
However, there is a section of the sales page labeled “Myfxbook Verified Results” which isn’t providing us with links to the respective myfxbook accounts.
I have tried to click the two screenshots above and instead, nothing is happening. My best guess is that these two accounts got a margin call, hence the reason they are ‘unclickable’.
When I did some Google research, I discovered that Forex Robotron had at one point been associated with several other myfxbook accounts which have since been deleted.
At the moment, there are only two Forex Robotron myfxbook accounts. One is labeled Forex Robotron and the other GOB Trade 2 System.
For the first myfxbook account, we can see that this account started tracking results from January 25, 2018 and was last updated on May 17, 2018. Gains are +23839.21% (as at the time of writing this Forex Robotron review).
I cannot speak of the second myfxbook account because it’s labeled differently from the first one. One has to wonder why this developer never used something like Forex Robotron 2 instead of GOB Trade 2 system.
I’m not sure if the second myfxbook account is tracking performance of the same software which I am reviewing here.
What I can say is that screenshots showing alleged performance without any link back to their respective myfxbook account can be deceiving.
At this juncture, I’d like to invite you or the developer in the comment section of this post to explain why this is happening.
The reason I am not going to recommend this Forex robot is because the developer is exorbitantly pricing it and yet is unable to provide comprehensive and satisfactory trading results.
It would not be wise to spend $299 or $999 on a Forex robot that can’t provide satisfactory trading results to prove its performance.
Feel free to explore this website to see what you can learn from this community. Currently, the top-rated Forex expert advisors can be found here..
Me and the community at Campforex.com have consistently approved the performance of these robots because they agree with standard trading methodology in the Forex trading industry.
Have a great day.