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EA Review: Forex Black Robot

Today I’m analyzing a new Forex robot promising substantial profit via a unique approach to automated trading, Forex Black Robot. Developed to work on the EURUSD, and JPY, the system looks to take advantage of volatility on the H1 timeframe. According to the sales page, the average profit is over $12,000, but this is an substantiated in any way. My the first impression is a very positive, but I’ll try not to let that influence my opinion throughout the review.

The robot is developed by a well-known product producer in this market, Anna Forex Monti. In 2018, she has already developed two other trading products, the Forex Pepper Bot, and Forex Phoenix Robot. Neither of these systems created much of a stir in the marketplace, with only one comment on Forex Robot Nation between the two of them. That comment came from Robert Sonich, who claimed that the software had 16 losses, and just 11 wins in the course of 3 weeks. This isn’t necessarily indicative of the new software, but it’s important to use the trading history we have at our disposal. In order to get in touch with support, traders can email annaforexteam@gmail.com.

Forex Black Robot Review

The most important feature of the Forex Black Robot software is described as the “night and day trading algorithm,” which relies on advanced mathematical calculations to open short term trades. Furthermore, the entries are established using directional channels, that coincide with selected oscillators and a support/resistance line. While the strategy isn’t elaborated on in great detail, we are provided with some basics which is more than we get from most Forex robot development teams.

Anna believes her system is consistent because it has a built-in auto breakeven feature, trailing stop, and gives the ability for traders to set the time the system trades the markets. It’s also worth noting, that the system comes with optimized default settings, reliable customer support, and a no questions asked refund policy that extends for the first 30 days.

Traders also get access to the installation guide, one lifetime license, and unlimited licenses for demo accounts, which is something that every expert advisor should be offering. In this market, developers frequently only provide one license for both live and demo accounts, which you can see in my recent reviews of FX Street Robot and Econ Power Trader.

Breakdown

  • Type: Forex Robot
  • Price: $99
  • Strategy: Support/Resistance
  • Timeframe: H1
  • Pairs: EURUSD, USDJPY

Just like other Anna Monti products, the Forex Black Robot is being sold for $99. The sales page claims that traders who order for a limited time will get the software at 50% off, which is $99 instead of $199, but this is just a marketing tactic. It’s my belief that this product will always be $99, because this is in line with every other product that Anna has ever released.

Trading Results

The main issue with any Anna Forex Monti product is always in the trading results, and that’s no different with the Forex Black Robot. Every time Anna releases a new Forex expert advisor, I am stuck with the task of explaining why the short trading statement provided isn’t helpful at all.

Instead of providing us with verified trading statements posted on Myfxbook or FX Blue, Anna provides us with a one month trading statement in order to prove the viability of her products. The time frame for this statement is way too short, as any trading product can have one good month. Yet, that isn’t even my main concern. The main problem with this type of trading results, is the fact that Anna could easily change and manipulate the data as much as she likes, because there is no third-party verifying the result.

I wouldn’t be surprised if these trading results are completely fabricated, because there is nothing stopping the vendor from doing so.

Conclusion

as much as I would like to believe that the Forex Black robot is the latest and greatest support and resistance machine, I’m just not naïve. In 2018, there is no reason to sign up with a trading system that is unable to provide at least 3 to 4 months of verified trading results. Every other vendor in this market provides much more transparency, so there’s really no reason to sign up with Anna Forex until she makes this necessary adjustment.

If you have anything you would like to contribute to the review, please leave your comments and remarks below the article now. Thank you for the time you spend here at Forex Robot Nation, and good luck with the rest of your trading day.

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

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