Forex Robotron is a new EA that considers itself “the ultimate automated forex trading system.” The robot runs on the 5 minute time frame and is currently being sold for $499.
Today we will be analyzing this robot in full detail so that the Forex community understands how it works and if it should be trusted.
Forex Robotron Review
The Forex Robotron software is built to work with the Metatrader4 platform trading 4 pairs (EURUSD, GBPUSD, EURCHF and EURGBP) with a 20 pip stop loss. According to the sales page the robot is the result of a long period of programming, testing and trading experience. The web-site was registered in 2013 but it doesn’t look like it was used or being regularly promoted until 2016. So this is in-line with the story that it took them years to developer the trading system.
The most important part of this review is obviously the trading history of the Forex Robotron EA. Yet, for some odd reason the “Myfxbook Verified Results” section of the sales page isn’t providing us with links to the accounts. You can see for yourself, if you try and click on the results nothing happens. Without being able to click on these accounts we have to assume that they have been margin-called.
In doing a Google search we found many different my FX book accounts but almost every single one of them had been deleted. The only account that isn’t deleted is a EURUSD account that ran from June 17th to July 15th 2016. So, less than a month.
It’s quite clear that the developers of this EA need to reestablish their dedication to trading results. Screenshots of my FX book accounts without allowing us access only draws suspicion. If you or anyone else can clear up why this is the case then please feel free to leave a comment below with your reasoning.
At this point in time we won’t be able to recommend Forex Robotron due to the trading results. It would not be a smart decision for anyone to spend $500 on a trading robot that can only provide one month of trades from half a year ago on a demo account. Hopefully the people behind this robot will continue to push forward and find ways to provide us with the amount of results we require.
Thanks for stopping by Forex Robot Nation and feel free to browse the rest of the website to see what you can learn from our established community. Currently the number one rated robot is Forex Fury as it continues to win over 90% of its trades. Have a great day guys.