Today in this Forex Robotron review, we are analyzing a popular automated Forex robot, which is advertised by its developers as the best Forex robot for MetaTrader 4 (MT4). So, if you are searching for the Forex Robotron reviews to find out either is Forex Robotron a scam or legit and what is Forex Robotron’s rating in real, then you are absolutely in the right place because here we are going to provide you the complete truth about ForexRobotron.
Forex Robotron has a website with detailed information about the product and no information about the team that stands for this EA. The vendors of Forex Robotron did not provide an address, phone number, or any identifying statement on their website.
To get in touch with support traders can send a message via their contact form or email directly [email protected].
PS: Forex Robotron allows you to fully control your settings, or you can even let the robot trade your account using the optimized settings if you aren’t confident about your trading skills yet.
Forex Robotron Review
Forex Robotron is majorly based on technical analysis. So, the algorithm of this Forex expert advisor may not always be 100% right. However, the system is still profitable and can increase your investment portfolio under favorable market conditions. Results may depend on many factors such as current market conditions, news events, preferred settings, broker specifications, etc. Here are the major features of the robot:
- It runs on the MT4 trading terminal and mainly trades on the EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, USDCAD, and USDCHF pairs.
- The system includes a risk management system.
- Users can configure the robot settings according to their preferences.
- Comes with a free step-by-step installation guide for beginners
- There is no minimum deposit requirement
- No leverage requirement
- Not sensitive to spread. You can use it on your preferred MT4 brokerage.
- Traders may change their license to a different MetaTrader 4 account at any time.
- The robot uses a fixed stop-loss mechanism
- You can use Robotron on more than one trading account depending on the package that you purchase.
Forex Robotron Strategy
Forex Robotron’s strategy is based on technical analysis and price action. It applies fixed stop-loss and dynamic money management techniques to ensure that it can adapt to ever-changing market conditions and volatility. As we mentioned earlier, the software has been developed to run on EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, USDCAD, and USDCHF on a 5-minute chart. It does not use any martingale money management strategies or grid trading. Forex Robotron is developed to trade between 21-22 GMT during summer and 22-23 during winter.
- Type: Forex Robot
- Pair: EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, USDCAD, USDCHF.
- Timeframe: M5
- Price: $297 (Basic plan)
- Terminal: MT4 only.
The robot offers 3 packages with a characteristic number of available licenses. The basic plan (1 account license) goes for a price of $297, the Pro plan (2 account licenses) costs $497 to purchase, while the Premium plan with an unlimited number of real account licenses is available at a one-time price of $997. Traders can upgrade their packages to suit their portfolios. Also, you can switch accounts any time you want.
All the packages come with notable features i.e offer trade on all instruments, unlimited demo account use, setup instructions, optimized settings, money management features, fully customizable settings, instant downloads, free updates, and 24/7 support.
The developer presented multiple backtesting reports for this robot. The developer indicates that Forex Robotron is one of the only Forex Robots backtested with real tick data, real variable spreads, real slippage & including trade commissions ($7 per lot, per round turn). Every trader desiring to invest his money wisely, wants every robot to be thoroughly tested by the vendor before launching it for sale.
The Forex community is impressed with how the developer handled this important aspect of the Forex Robotron system, look here.
Trading Results Analysis
The owners presented a live trading account launched in July 2019, and till now, it achieved a profit amount of A$4,494.12 from a A$23,887.25 deposit. The user has made a large withdrawal amounting to A$26,224.04. So, we now have a current balance of A$2,157.33 and a total gain of +146.21%. The peak drawdown was 36.40%.
The average trade length is 1h 34m and the system has completed more than 1000 trades till now. Unfortunately, the profit factor (1.17) shows that the returns on investment are not substantial enough. In fact, more losses than wins are made, as evidenced by the average loss (-9.14 pips) which is almost thrice higher than the average win (3.68 pips).
It is important to mention that the robot takes mostly long positions. For this account, the robot did not participate in trades in a short position. The win rate for long (82%) positions is acceptable.
From the data below, it is apparent that strict money management is used. The winnings are very small.
Forex Robotron EA Review Conclusion
The robot allows you to fully control your settings, or you can even let the robot trade your account using the optimized settings if you aren’t confident about your trading skills yet. We trust the developer to provide 24/7 support in case you encounter any problems with the system. All the same, you should remember that the EA generates small profits, is highly priced (premium plan), and has a no-money refund.
Compare Forex Robot
WallStreet Robot is one of the best Forex software/EAs/robots we have reviewed so far on our website. The latest version comes with a broker spy module that prevents unfair play by brokers during trading. It costs just $267 and you also get bonus auto bot systems. Get the complete robot package at: wallstreet-forex.com
Forex Robotron Expert Advisor$297 (Basic Plan)
- Performance result
- Myfxbook results
- Comprehensive backtest results
- Customize settings
- Optimized settings
- Enough robot information
- Installation guide
- Multiple currency support
- Acceptable win rate
- Poor strategy insight
- Small profits
- No trial version
- No money refund