Forex Robotron, according to the vendor, is one of the few expert advisors that have been backtested with real tick data. We know for a fact that this is a false claim since there are several robots on the market that are backed by high-quality backtesting data.
On the official website, the vendor shares some technical details related to the robot. We have a backtesting results calculator where you can enter a deposit amount to see how much profit you can make using that amount. The vendor has also provided us with multiple verified live trading accounts and multiple backtesting results for different currency pairs. Finally, we have the pricing details and a long list of customer testimonials.
We don’t have information on the parent company of Forex Robotron. On the webpage, there is no mention of the company’s name or address. We don’t know when it was founded or what kind of service history it has. The identities of the developers and traders have not been revealed either. To get in touch with the service team, you can use the contact form on the website.
Key Features
There are four pricing plans for this EA, namely Basic, Standard, Gold, and Premium, and these are priced at $299, $399, $499, and $99, respectively. The vendor does not offer a money-back guarantee for this product.
You can use Forex Robotron to trade in pairs like EUR/USD, EUR/GBP, EUR/CHF, EUR/CAD, and EUR/AUD. The vendor recommends running this EA on M5 charts. It has a trade aggressive mode that aims for higher profits by raising the trading risk. This robot places approximately 600 trades on a yearly basis, depending on broker and market conditions.
Forex Robotron mainly trades between 9 PM to 11 PM GMT. You can use it on the Metatrader 4 platform on your laptop or desktop device. It is possible to program the EA not to trade over the weekend. According to the seller, you should sign up with a broker offering swift execution speed and low spreads and commissions. Also, you should run it on a demo account initially to get used to how the system works.
Forex Robotron Trading Approach
We have no idea about the trading strategy that this EA uses. The vendor mentions that the system does not use grid or martingale strategies, but does not provide any information on the actual trading strategy. This is a serious red flag for seasoned Forex traders who look for strategy insight before purchasing a robot.
Backtesting Results
Here we have the results for a backtested conducted on the EUR/USD pair from 2005 to 2021. For this test, the EA generated a total profit of $356542.36 using an initial deposit of $5000. It placed a total of 2099 trades during this test, winning 94.43% out of them. We should mention that the relative drawdown was extremely high at 53.90%, and this indicates a risky trading strategy.
Forex Robotron Live Trading Results
This is a live trading account for Forex Robotron on the Myfxbook website. To date, the robot has placed a total of 1078 trades through this account, winning 81% out of them. The win rate is a bit low in comparison to the backtesting results. For this trading account, the EA has a profit factor of 1.50.
Currently, the daily and monthly profits are 0.21% and 6.51%, respectively. Here, the drawdown of 57.21% is even higher than the backtest. This tells us that Forex Robotron follows a high-risk approach that can lead to huge losses.
What Are The Risks With Forex Robotron?
Forex Robotron is not a safe and reliable trading system. It follows a risky trading scheme that causes a high drawdown. We don’t know much about the parent company and moreover, there is a strict no-refund policy.
Worth Noting!
There is only one user review for this EA on the Forexpeacearmy website. Here, the user claims that the EA performed well initially, but then hit a drawdown it couldn’t get out of.
What are the Pros & Cons of Investing in Forex Robotron?
| Pros | Cons |
| Verified trading statistics | No money-back guarantee |
| Lack of vendor transparency | |
| High drawdown |
As we can see, Forex Robotron has too many shortcomings for us to ignore. The cons clearly outweigh the pros, so we cannot consider this system reliable.
Forex Robotron Conclusion
There are several reasons not to invest in Forex Robotron. This is an EA that can drain your account in no time. It is sold by an unknown vendor that does not have much of a reputation, so you should look for other options.
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