Today I’m reviewing a new expert advisor built for any level of trader that’s looking to increase their trading account balance without losses, Eklatant Forex Robot. The developers claim that it’s as simple as turning your computer on, and running the software, in order for clients to generate stable profits on a monthly basis. They believe that greed too frequently plays a large role in the Forex marketplace, and they have a clear, automated solution.
It’s unclear who the developers of this software are, what type of trading experience they have, and where their head offices are located. All we know, is that the website was registered 173 days ago, and their support team can be contacted via firstname.lastname@example.org. Hopefully, at some point in time, they provide more information specific to these elements.
Eklatant Forex Robot Review
The developers of the Eklatant Forex Robot believe that they are providing the market with a “shocking underground technology and profit sucking software that’s been hidden from the general public for several years.” My concern with this claim is that the developers trading account is only showing a history of 93 days, which directly contradicts with their statement that the product has been performing for them for several years. I’m going to chalk this up as marketing, and hope that the developers aren’t deceptive and any other aspects of this robot.
As for the strategy, the developers tell us that their low risk approach takes advantage of powerful Fibonacci levels, and other various well-known indicators like “moving average,CCI,RSI and Stoch.” They believe that this combination of indicators is perfect for picking out the trend and staying ahead of the markets.
Outside of these few sentences, there is no real in-depth analysis of the methodology, and the type of information they are providing is quite vague. This isn’t uncommon in the Forex marketplace, as you can see in my most recent reviews of the Wolfgrid EA and Signal2Forex.
- Type: Forex Robot
- Price: $179-$499
- Strategy: Fibonacci Levels
- Timeframe: M5
- Pairs: EURUSD, GBPUSD, EURGBP, USDJPY
There are currently 3 options available for traders looking to purchase the Eklatant Forex Robot. All of the packages come with lifetime access, 24/7 support, free updates and access to an instant download. The only difference, is the amount of licenses that come with each package. The $179 package comes with one real account, and one demo account. The $249 package comes with 2 real accounts and 2 demo accounts. Finally, the $499 package comes with 4 real accounts and 4 demo accounts.
Generally, I prefer products like Forex Fury that provide unlimited demo accounts so that I can do more complete testing, but maybe this is something they can change in the future.
The developers provide us with one Eklatant Forex Robot trading account hosed on FX Blue. As earlier mentioned, this account has been trading for 93 days, and is showing a weekly return of 10.3%, and an overall return of just over 270%. While this is still a small sample size, the numbers are quite impressive and certainly peak my interest.
The software trades frequently, as there have been over 2000 orders in just over 3 months, which accounts for a total of 39.3 trades per day. The win ratio is also good, with all 4 pairs showing a winning percentage between 75-77%.
While it is not disclosed by the developer, the EA looks like a scalper, with the average win coming in at around 5 pips, and the average loss coming in around 7 pips. This means that you should make sure you have a low spread brokerage if you’re interested in utilizing the software.
The sample size is still very small, so I don’t think we should rush to judgment when it comes to the Eklatant Forex Robot. Our best piece of advice at this point in time, is to sit back and see how the community reacts to this expert advisor. Hopefully, we can get some user feedback here at Forex Robot Nation, and see some client accounts, to ensure that the software performs for the general public before we get involved.
If you have anything you would like to add to the review, please leave your comments and experiences below the article now.