Today I’m taking a closer look at a newer Forex expert advisor that’s built to automatically optimize its trading logic on the go, Augur Forex. This trading software has been on the market since mid-2016, despite having the website it looks like it was built in the early 2000s. During this review, I’ll try not to let the poor aesthetic of the website influence my opinion on the trading system, but it’s not going to be easy.
The creator of the EA is David Augur. It’s unknown if there are other developers working on this project, but it does come across as a one-man show. There’s no information on where their offices are, but email support can be contacted via firstname.lastname@example.org.
Augur Forex EA Review
The main selling point for the Augur Forex robot is that “it can adapt to any market condition.” David tells us in the sales page that this is the first time in the history of Forex auto trading that this type of technology has been available, but that’s not true. While I appreciate his ambition and excitement for this type of automatic optimization, it’s actually more and more common as we continue through 2017.
The trading strategy uses 15 technical indicators and a “comprehensive mathematical formula that takes care of the signals.” There isn’t really any in depth information on the trade logic, but we are told that when their unfavorable market conditions, the EA will utilize a hedging feature.
The software comes with built-in money management which is attached to a risk percentage, so that you know exactly how much of the account your risking per trade.
- Type: Forex EA
- Price: $111.00
- Strategy: Undisclosed
- Timeframe: M1
- Pairs: EURUSD
At $111, the robot is on the lower end pricewise. At this cost, it’s easy to sign up and test the software on your own. I’m not sure if I will be testing the system just yet, as there doesn’t seem to be a lot of real user feedback. Hopefully traders that utilized the system will leave their experiences in the comments section here at Forex Robot Nation.
As of right now, the developers of the Augur Forex EA are providing us with one FX blue account. Generally, I don’t put much stake into this statement provider, as I’ve seen some pretty weird accounts that make me believe that this service isn’t the best at providing true results.
In this case, the results don’t look tampered with, but they are showing a 266% return in just over 140 days, which is pretty aggressive. I’d really prefer to see this account verified on Myfxbook or FXStat.
During this 140 days, the software has traded 406 times, with 251 winners and 155 losers. The average length of the trades is 32 hours, and the largest drawdown is approximately 32%.
While the Augur Forex website looks like something that was created alongside the beginning of the Internet, the trading results show some pretty impressive returns. However, before I can truly trust these results, I would like to see them uploaded to a more respectable statement service as I mentioned above. On top of that, I would like to hear more from real traders that have actually used this robot and trusted with their accounts before I move forward.
Thank you for spending the time to read this review, I hope that my analysis of this expert advisor helps you with your decision. Please leave a comment now with anything you want to add.