FX Oxygen is a Forex robot that was apparently created by Forex store in 2015. In order to get in touch with support, traders can email via the contact form on the website.
Developers of FX Oxygen claim that their only goal is to earn money for their clients. FX Oxygen is meant to be a reliable qualitative EA has been successful for over 20 months on their live account.
The reason why the creators of FX Oxygen is different from other fraudulent EAs developers is because they exercise a higher degree of responsibility. The developers of the software claim that they were tired of watching low-quality, fraudulent robots being created and sold by unscrupulous vendors.
2015 Result History
During our review of FX Oxygen, we saw that the traded the account with real money for 20 months to ensure that it worked on live accounts as well.
The FXOxygen performance results for 2015 are on the FX open broker running real accounts.
We can see that the software trades two pairs, the eurusd and usdjpy. As for trade frequency, the software has taken 385 trades in 20 months so it isn’t exactly a high-volume trader. This means you will likely see 2 to 3 trades per week on average. The results on Myfxbook are really quite impressive they have a $500 deposit with a 445% gain in August and day 20 month project with an 800% gain. We hope that these results are real and trustworthy and that the software actually performs as expected.
- Type: Forex Robot
- Price: $210
- Strategy: Undisclosed
- Timeframe: M30
- Pairs: EURUSD, USDJPY
When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term and Intraday.
FX Oxygen timeframe is at M30, which means the robot completes a trade in 30 minutes.
Such intraday trades have advantages which include lots of trading opportunities, less chance of losing months and no overnight risk. But you should consider that the transaction costs will be much higher (more spreads to pay).
When you trade in the forex market, you buy or sell in currency pairs.
FX Oxgen deals on only one major pair; EURUSD
The majors are the most liquid and widely traded currency pairs in the world. They account to about 85% of Forex trading. The spreads on major pairs is narrower than minor pairs because of high liquidity.
If you can afford the current price of the FX Oxygen which is $210, you may like their attractive packages; free lifetime updates, 1 lifetime license, and two different trading modes (reliable, and highly profitable).
We would like to see these trading modes in action, as their trading results don’t really specify which mode is being used.
Current FX Oxygen Result
SCAM EA reviews hundred of Forex robots/Eas, and the best way to determine if a EA developer service is legit or a scam is by verifying their result. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like Myfxbook or FXBlue.
We can see that they provide an unverified live trading account on FXOpen. This account is hosted with Myfxbook, and is showing a gain of 122% since July, 2018. The drawdown is 35%, and the system has traded 129 times. The risk reward ratio is 1:1 with the average win coming in at 66 pips, and the average loss at -63 pips.
In recent times, this account is struggling. In April it was -7%, and in May -8%. Since, there hasn’t been any trades at all, so we aren’t sure if they stopped running the software, or they are working on some sort of update to resolve the problem.
There are no accounts available from 2015-2017, so it’s likely the original account we reviewed, and discussed earlier busted.
At this point in time we won’t be recommending FX Oxygen. This is only because we want to see it run on some real trader accounts from the community before we get involved. We would like to see some sort of independent reviewer or trader results on Myfxbook and then we will be willing to dish out the money. Next step is to take advantage of proven and vetted trading tools. Go for approved and credible Forex trading robots the market has to offer. Make sure you use industry backed and expert recommended Forex trading robots. Take your time in choosing the best and most trusted Forex trading robots the market offers. Time to make your move is now with effective and established Forex trading robots.