Falcor Forex Robot is a trading solution that was designed to make profits on the crypto market. The former users have written many negative testimonials on Forex Peace Army. We aren’t sure that we can trust a presentation without trading results.
Traders can get a real account copy of the system for as low as $79. The developers decided to provide us with discounts. There are no details explained about what we should expect to get in the pack. The owners don’t support us with refunds either.
There are some details and settings about the system provided. So, we have systemized them in the list to let you read them comfortably.
- The developers designed the system to help everyone to make profits automatically on the MT4 platform.
- The core strategy was developed around the price action strategy.
- It places levels of support and resistance on all charts, then it checks them out to be convinced in what direction the market goes.
- They are covered by placing proper levels of TP and SL.
- We can expect that the system works on the market 24/7, seeking orders.
- We may start using the system without previous trading experience.
- Trading is possible with every cross pair that we want.
- The advisor can be ready to use in several minutes maximum.
- There are various types of accounts supported: Standard, Micro, and Mini accounts.
- It will work only with available margin on the market.
Falcor Forex Robot trading approach
- The core strategy is price action.
- We have no information about the time frame.
- It has to work with all cross pairs.
As usual for these developers, the presentation doesn’t include backtest reports. It’s a significant con because we don’t know how well the robot was tested, on what broker tick data, and what win rates, drawdowns, and a profit factor the advisor had.
Falcor Forex Robot live trading results
The devs provide us with a report that looks like a file with orders executed on the past data on a daily basis. Anyway, the real account has several more numbers in its name.
A balance of the devs account is $14,123,159. The gross profit is $16,611. The profit factor is 7.49. The maximal drawdown is $380.00 (0.00%). The system has executed 100 deals with the win rate of 80% for shorts and 83% for longs.
What are the risks with Falcor Forex Robot?
The risks are high because we don’t know if the system is profitable under real market conditions. So, we have to guess and this is not right. Usually, developers provide visitors with Myfxbook or FXBlue widgets with trading results.
There are several positive testimonials published on the site.
The company has a page on FPA. There are 270 reviews written that form a 2.262 rate. Also, we can note that the company has been existing since 2006.
Former clients have mentioned that the advisors that were designed by Forex Robot Trader aren’t profitable. Others warned us because of the quality of support provided.
What are the pros & cons of investing in Falcor Forex Robot?
|The devs provide us with affordable pricing||No developers team revealed|
|No risk advice given|
|No settings explanations provided|
|No backtest reports shared|
|The owners skipped sharing trading results|
|Many negative reviews written|
Falcor Forex Robot Conclusion
Falcor Forex Robot is an expert advisor that works with a price action strategy. The owners provide a few details about features and other information about how the system is going to be profitable. Alas, we have no trading results provided either.