Xautoprofits is a new automated trading robot for trading in the large Forex and Crypto markets. Xautoprofits was launched in 2020 but claims to be the Best EA in 2019. Not just that, they claim to make upto $826,619 in daily profits and 236% ROI. The XautoProfits works with the grid trading strategy and recommends H1 timeframe for automated trading.
What is Xautoprofits (Xautoprofits.com)? Either is Xauto Profits scam or legit?
Any expert in forex trading can clearly see that XautoProfits is a scam. However, if you want to find out why is XautoProfits a scam and what is XautoProfits in real, then you can find that within our XautoProfits review here, for that you don’t have to search any other XautoProfits reviews.
- Xautoprofits is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
- Forex robots like Xautoprofits are getting a lot of hype of late and Forex robot scams are not far behind.
- We confirm that Xautoprofits is a scam because it claimed to have made huge profits but they did provide a verified result from third party sharing sites like Myfxbook and FBlue.
- Forex robot like Xautoprofits can only be as smart as its creator. The creators of these systems are looking to make a quick large sum of money and are not looking at the fact that the most predictable thing about the Forex market is the changes you cannot predict without watching the changes carefully. Anyone who knows the Forex market well and understands it will recommend a live person with their own trading strategy and then and only then does it make sense to automate any of it.
- The companies producing Forex robots like Xautoprofits often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.
- Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.
We understand that Xautoprofits is a kind of automated trading software with lots of indicators to choose trades for you. However, there is no information provided on the actual developer of this software. Where they are located and contact information.
During our review of Xautoprofits, we saw that the most important part of the software strategy is Grid trading. According to them the software makes use of a ”reliable grid trading strategy”.
A grid trading system is the multiple buying and/or selling of the currency at predetermined levels/intervals of the market without stop loss. One of the major advantage of grid trading is that it requires little forecasting of market direction and can be easily automated.
Xautoprofits claims to make 236% on ROI but fails to provide a verified result from a third party source. They provided youtube screenshots of which can be easily manipulated.
The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.
Our best advise
Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.
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- Automated trading
- All forex pairs and crypto
- No verified result
- Missing company details
- Fake award claims