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 to add them to your trading account tool better read the following review.
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 whether what you are buying is for a lifetime or limited. Also you will not see information about testing service.
Meanwhile, to help forex beginners learn the ropes before diving into the deep end, forex robot vendors provides clients with the option of a free testing service to trade risk free.
How does it work
We usually reserve the 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 on 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.
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.
At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. 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.
The ForexRobotTrader.com group do 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 advise for you
At this point in time, we are not recommending the Odin Forex Robot because the obvious reasons they are scam and results are not matched with real clients feedback. Odin Forex Robot needs to settle this by publishing their 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 trading tools.
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 your self, look here.