Odin Forex Robot is presented as a leading Forex robot, an unrivaled expert advisor with brutal trading accuracy, designed to automatically earn you guaranteed daily profits, while you sit back and watch as your account grows. Odin has made $165,176 in the past month, and over $1,606,651 so far this year.
Although this might sound pretty attractive, you should be especially wary when someone offers you guaranteed daily profits, with some unproven trading algorithms.
Not to mention that Odin Forex Robot is using a very risky trading approach you should avoid if you are looking for a profitable trading strategy.
What is even worse, however, is the fact that the Forex robot does not have a verified trading account. So if you are still considering adding them to your trading account tool better read the following review.
Note: At this point in time, we are not recommending the Odin Forex Robot because of the obvious reasons they are scams and results are not matched with real clients’ feedback.
Odin Forex Robot Review
Odin Forex Robot is another expert advisor, sold by the ForexRobotTrader.com team, created to trade popular currency pairs like USDSGD, EURCAD, NZDJPY, EURCHF, EURGBP, NZDCHF, USDJPY, EURUSD, GBPCAD, EURAUD, EURNZD, USDCHF, AUDCHF. The robot is being sold at a price of $129 but they did not disclose the recommended trading timeframe.
We all know that One of the reasons newbie forex traders don’t do as well as they should is because they’re usually trading the wrong time frame for their personality. A subscription to Odin Forex Robot offers you access to a handful of unpopular free Forex robots including HAS Forex Robot, Hedge Forex Robot, Fractal Breakout Indicator, Pterodactyl Forex Robot, Directional Forex Robot, WaveRunner Forex Robot, Volatility Forex Robot, or Equity Trail Forex Robot. There is no mention of whether what you are buying is for a lifetime or limited. Also, you will not see information about the testing services.
Meanwhile, to help forex beginners learn the ropes before diving into the deep end, forex robots like Waka Waka EA, Golden Pickaxe, Evening Scalper Pro, and Night Hunter Pro, provide clients with the option of a free testing service to trade risk-free.
How does it work
We usually reserve this section of our review for any possible trading methodology that a Forex robot might offer its customers. In the case of Odin Forex Robot, however, we saw that they did not provide real insight into why we should trust their strategy. The Odin Forex Robot Odin uses an advanced grid trading strategy to find beautiful forex trades automatically. They wanted to use a couple of taglines to back it up, but it is not enough. They fail to explain the actual technicality behind their Forex strategy especially now they are using a risky strategy like grid trading strategy.
Meanwhile, the problem with the grid trading strategy is that the risk is not controlled. The trader could end up accumulating a larger and larger losing position if the price keeps running in one direction instead of ranging.
Odin Forex Robot also mentioned a ”Real-Time Broker Shield” but there is no in-depth explanation.
Trading Result
At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment products or simply a scam. The way investors properly compare a Forex EA is by checking to see if their results are published in a public statement-sharing site, like Myfxbook or FXBlue.
The ForexRobotTrader.com group does not provide a verified trading result for their robot
They do provide trading statements, which is better than screenshots, but these statements are not verified by a third-party website like Myfxbook or FX Blue. What is worse is that clients are proposing that the robot result stated are not real.
Our best advice for you
At this point in time, we are not recommending the Odin Forex Robot because of the obvious reasons they are scams and results are not matched with real clients’ feedback. Odin Forex Robot needs to settle this by publishing its results on a third-party statement-sharing site like Myfxbook. Until they do this, the community is going to remain skeptical, and we are going to follow suit. If you want to make money as a trader, check out these Forex robots.
Compare Forex Robots
GPS Forex Robot is a highly recommended Forex robot by Mark Larsen that costs $149. The algorithm was developed by a group of private traders who consistently make 30% monthly returns. Mark describes the Forex robot as highly efficient as it looks for short-term movements in the market and uses its highly accurate price prediction ability to win the trades.
Check out the GPS Forex Robot 9 years performance result and see for yourself, look here.
Thank you for this information. I almost bought this robot because I was convinced it’s the best on the market.
THIS IS THE BIGEST SCAM I BOUGHT THE ROBOT THEY ASK YOU REGITER THE ROBOT THEN YOU WOULD NOT WANT TO PUT IT DIRECT ON A REAL ACCOUNT TO OBVIOSLY TEST IT ON A DEMO ACCOUNT I HAVE SEVERAL MT4 ACCOUNTS I HAVE BOUGHT A COUPLE BUT THE WORSE IS THEY WANT YOU TO EVERY TIME YOU FIND EIGTHEIR THE BROKER DO NOT EXCEPT AUTO TRADING OR THE SPREADS ARE SO HIGH YOU MAKE MORE MONEY FOR BROKER THAN YOU PUT IN THE POCKET “””””””””” ODIN “”””””””””””””””IF YOU HAVE A PROBLEM THEY GIVE YOU A TICKT NUMBER “””””””” YOU THINK THEY WOULD ANSWER SOON “”””””””””ten you check”””””””” EVERY HOUR AT FIRST”””””””” THEN EVERY DAY “””THEN YOU SKIP A DAY ,,,,,,THEN all of a sudden THE MESSAGE COMES PROBLEM SOLVED !!!!!!!!!!!!!!!!WITCH PROBLEM because l did not get anything AND HOW DID HE SOLVE IT ??????????????? BECAUSE I NEVER HEARD FROM THEM
I have tried to use Odin after buying it regardless of the negative reviews. The Odin team used to tell me that it’s their competitors who are putting down bad reviews. Plse do not buy that robot or any robot sold by FRT. After 5 months of trying it on different mt4 and mt5 providers. It’s just a waste of money and time. Plse give the money to charity or teach yourself how to put orders manually.
Your can read other reviews. But may be I will be able to help even one person to make a better decision.
Thank you.
So did they actually scammed you?
Thanks Tony… I think u just saved me from that mistake..
Hola, publique en myfxbook.com el performance de este robot en vivo y en directo, ya que no hay ninguna cuenta que respalde si es bueno o si es malo, espero ayudar a la larga, actualmente llega 3 dias y lleva puros azules. les dejo el link para que puedan ver como va generando, saludos! http://www.myfxbook.com/members/dacl/odin-ea-robot-from-frt/6535374
Thank God I haven’t bought this. Is robot even good to use to trade?
I really wish that there are real sites that help traders weed out the best and worst robots out there, if i found this site earlier i could have not bought odin robot…..the problem was FRT was selling it at 77 dollars…. i did some looking and found it at ebay for 6.99 dollars… and it was running.. but the problem was it has no stop loss.. trying to tweak it putting on stop loss and studying it…
I have tried many EAs, be it automated or indicators. I bought ODIN way back in July 2020 and installed it on 1 of my trading account.
Yes, I agree with everyone who says it doesn’t work.
3 days ago I attached ODIN again and tweaked the settings. Voila! it works and I have never lost any trades. All my trades are now fully automated from opening to closing positions. Since then, I only monitor the trades on my phone and never have to execute my own trade. Now i just installed a copy trade software to copy ODIN trades to my other accounts. Yes, I run ODIN on VPS to take advantage of 24 hours automated trades.
In my opinion, ODIN’s default setting was for large capital and long term trades. H1 and above. With my new settings I have tested on M1 to M30 and it never fails to bring me profit.
To make the right setup, it is very important for you to set the SL and TP variables used in the software and also make sure the right setup in the ### LOT SIZE SETTING ### section.
Hope this comment helps.
Hi Azhar,
It’s good to hear that Odin is working well for you. I’m curious to know the exact settings you’re using to get that result if you’d be so kind to share
Ben 12 kasım 2020 de odin forex robotu aldım demo hesabında deneme yaptım sonuç iyi performans vermedi
reklamında gösterildiği gibi değildi araştırma yaptım günlük olarak kendilerinin işlemleriyle bendeki saatler
tutmuyor bende zarar reklamda aynı gün aynı saatlerde kar gösteriyor şikayet ettim kimse ilgilenmedi robot şimdide
zaten çalışmıyor
Please how much is the Odin forex robot