Having visited a Forex Robotron’s site, we noticed that everything looks ugly. It looks absolutely weird because there is an endless wall of the site templates on the web. It would help the company to sell more copies if they cared about how the presentation looks in the clients’ eyes. There’s little information provided about how the system works and what we should expect.
Forex Robotron: To Trust or Not to Trust?
The last trading results of January-February 2021 have shown that the system is an absolute scam. That’s why it was stopped over a month ago.
The presentation has few features explained. Many of the settings were described how we expect they have to work.
- The system works completely automatically.
- It opens trades after Midnight.
- It opens deals on the following currency pairs EUR/AUD, EUR/GBP, EUR/CAD, EUR/CHF, and EUR/USD.
- The robot works on the M5 time frame.
- We can expect the system to trade 500 deals annually.
- The settings can be customized to fit our trading expectations.
- There’s an “Option for NO Trades Open Over Weekend” feature. It’s a good one to protect deals from the sharp market moves on the Monday opening.
- The robot follows NFA and FIFO rules.
- It can be used on Islamic accounts.
- It doesn’t perform risky trading strategies like Hedging, Grid, Martingale, or Arbitrage.
- The robot is delivered with a step-by-step user guide.
There are four packages of Forex Robotron introduced: Basic, Standard, Gold, and Premium. The Basic pack is available for $299 for a copy. It includes one real license. The Standard pack costs $399. It includes two real account licenses. The Gold pack costs $499. It includes three real accounts. The Premium pack costs $999. It includes unlimited real accounts licenses. We have no idea how they can stop selling them on Black Market.
The packages include the same number of features: the unlimited number of demo accounts, dedicated lifetime support, lifetime software updates, and a step-by-step user manual.
Unverified Trading Results
We’ve got a EUR/GBP backtest report. The time frame was set M5. The data period was from 2003 to 2020. The modeling quality was 99.90%. An Initial Deposit was $5,000. It has become $71,039.54 of the total net profit. The Profit Factor was 4.00. The maximum drawdown was only 2.97% ($1,889.24). The system has performed 2723 deals with a 98.60% win-rate for Longs. The developers decided not to trade the Shorts direction.
We can see that EUR/CHF has provided more profits according to the screenshot of the backtest from StrategyQuant.
We have a real AUD account on the Pepperstone broker house. It was created on May 24, 2019, deposited at A$12,745.10, and withdrawn at A$44,828.86. The leverage was 1:500. The robot ran the account on the MetaTrader 4 platform. The account didn’t have a verified track record. The maximum drawdown was 23.19%. The last trading activity was on February 23, 2021.
Forex Robotron has closed 821 deals with 1625.9 pips. An average win was 4.28 pips when an average loss was -7.02 pips. The win-rate was 79% for Longs and 25% for Shorts. An average trade length was almost an hour and a half. The Profit Factor was 1.29.
EUR/USD was the most traded currency pair – 162 deals. The most profitable symbol was EUR/AUD – $8634.
Most deals were opened right after Midnight.
Wednesday (185 deals) and Friday (187 deals) were the most traded days.
The owner withdrew all profits at the end of February.
According to 2021’s trading results, the system could not be profitable.
The system has experienced high and consistent drawdowns since November 2020.
The company has no transparency at all, especially after the real account was withdrawn, but the system is still sold.
We can find some old people’s feedback.
Forex Robotron has a page on Forex Peace Army. There’s a single review with a three-starred rate.
This client noticed that profitability was incredibly low.
There are icons and links on the broker houses: XM, Avatrade, FXOpen, and IC Markets.