Forex Robotron Review – A Comprehensive Look at This Automated Trading Software
Forex Robotron is an automated trading system that utilizes advanced algorithms to trade multiple currency pairs on the MetaTrader 4 platform. This review provides an in-depth analysis of Forex Robotron to determine if it is a worthwhile investment for traders.
An Overview of Forex Robotron
Forex Robotron is marketed as one of the only forex robots tested with real tick data, real variable spreads, real slippage, and including trade commissions. It is the result of many years of programming and testing by the developers.
The robot trades the EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, USDCAD, and USDCHF currency pairs on the 5 minute timeframe. It uses universal settings across all pairs, with the option to not have trades open over the weekend.
Forex Robotron is available in different package options:
- Basic: $299 for 1 account license
- Pro: $497 for 2 account licenses
- Premium: $999 for 5 account licenses
It works on the MetaTrader 4 platform and is compatible with any MT4 broker. The minimum recommended deposit is $5000.
How Forex Robotron Works
Forex Robotron utilizes a combination of technical indicators and price action analysis to identify profitable trading opportunities. It implements advanced algorithms to analyze the markets and determine ideal entry and exit points.
Some key features of how EA works:
- Trades ranging markets with price action and technical analysis
- Implements dynamic money management
- Has multiple built-in trade filters
- Attempts to anticipate market movements
- Closes trades dynamically based on current conditions
- Trades near the end of the NY session into the Asian session
- Suitable for all trader experience levels since it is fully automated
The settings are externally available so traders can optimize parameters if desired. However, the default settings are already optimized by the developers.
Forex Robotron’s Trading Performance
According to the developer, Forex Robotron has been extensively backtested over 15+ years of historical data across multiple currency pairs using the same universal settings.
The backtests show strong performance with high profitability and low drawdown. Some key backtest metrics highlighted:
- 81-89% average win rate
- Thousands of percent in net profit
- Maximum 30% drawdown
In addition to backtests, there are some Myfxbook verified live accounts showing Forex Robotron’s performance. One verified account shows over 23,000% net profit and 30% max drawdown.
However, past performance does not guarantee future results. All trading carries risk and results can vary significantly depending on market conditions, settings used, and other factors.
Benefits of Using Forex Robotron
Some potential benefits of using Forex Robotron include:
Profitability – Backtests and some live results indicate strong profit potential if settings are optimized. The dynamic algorithms aim to maximize profitable trades.
Flexibility – Works across multiple currency pairs with the same universal settings. Traders can also customize settings and timeframes if desired.
Convenience – Fully automated system that can trade while you are away. This allows for a hands-off trading approach.
Risk Management – Implements tight stop loss, low risk per trade, and trade filters to limit losses. Helps protect capital in volatile markets.
Support – Provides setup instructions, money management tips, and customer support via email. Useful for new traders.
Factors to Consider Before Using Forex Robotron
While Forex Robotron shows promise, there are some factors traders should keep in mind:
Results Variance – Live trading results can vary significantly from backtest results due to changing market conditions. Past results do not guarantee future performance.
Optimization – The system may be overoptimized for historical data and may not work as well in live trading. Optimization for current markets is key.
Risk – There is always risk in automated trading. Use proper risk management and monitor performance closely.
Cost – The software is relatively expensive compared to other forex robots. The high cost may not align with potential results.
Broker Dependency – Performance can depend heavily on the broker used. An ECN/STP broker is recommended for best results.
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Bottom Line on Forex Robotron
Forex Robotron shows potential based on the developer’s extensive backtesting and some verified live results. The dynamic algorithms aim to maximize profitable trades across multiple currency pairs.
However, as with any forex robot, there is no guarantee of future results. Traders should use proper risk management and monitor performance closely in live trading. The high cost of the software may not align with potential results.
Overall, robot may be worth considering for traders interested in automated trading. But conducting further research and testing is advised before purchasing this robot.