Forex Breakout Bot is a new automated expert advisor promising to “revolutionize your trading success in just 30 days” using their simple system with proven results. Today we will be providing a full review of this service, providing a detailed analysis of their trading strategy, trading results and anything else we find pertinent to the overall viability of their service.
Is unknown who the developers of this robot are. The sales page includes no information about their whereabouts, or trading experience in the Forex markets. This information should be added in order to give the community more confidence in the service. In order to get in touch with support, to further inquire about some of these questions, traders can email firstname.lastname@example.org.
Forex Breakout Bot Review
According to the sales page, the Forex Breakout Bot MT4 EA is a system designed for daytraders, swing traders and even scalpers. The robot uses an algorithm built to identify momentum shifts, which is the foundation of their “ will why we have to 80Rolling up his glasses case“
The vendor provides different basic chart examples to show how the system handles momentum, and provides trading opportunities. The rules of the system aren’t provided, and neither are the parameters, but the trade samples do help in providing a general idea.
Overall, the sales page is lacking in many of the most important areas where Forex developers usually provide more insight. This lack of insight is often commonplace in this market, but the vendors that fail to provide detail, rarely find themselves in the best Forex robot conversation.
- Type: Forex Robot
- Price: $77
- Strategy: Momentum
- Timeframe: H1
- Pairs: EURUSD, GBPUSD, NZDUSD, USDCAD
Coming in at $77, the Forex Breakout Bot is priced well below the market average for expert advisors. With this price, traders get access to robot, the user guide, a video tutorial with simple so solutions, unlimited updates and access to the support team that promises a response time of 24 hours. They believe that the total value of their system is $1185, but for some reason they are only going to charge $77.
This price is certainly much lower than any other robot we’ve reviewed in recent times, but that doesn’t necessarily mean that it’s any less of a performer. We’ve reviewed many cheaper options over the years, including our recent reviews of Apex Scalper, and Daily Forex Robot.
As of right now, there is no customer feedback or really any reviews from the Forex community. We seem to be at the cutting edge of this one, writing the first review available.
In the initial introduction of the Forex Breakout Bot, the vendor promises to provide proven results. While they only provide a screenshot of a Myfxbook account, our further research did find their two trading accounts, both verified on Myfxbook.
One of the accounts has been running for 3 days, and is showing a loss of -4%, while the other account has been running for just over a month, showing a 10.92% gain. The account showing again, is obviously the account they show their website, so that the account we will focus on in our breakdown of their trading results.
This account has a 10.92% gain, and a drawdown of just 3.44%. It has opened 38 trades, with the average trade length coming in at 24 hours. The average win is 36 pips, and the average loss is -27 pips, which makes for an effective risk reward ratio for long-term trading.
This trading account is okay so far, but nothing to write home about. The vendor should be opening more accounts, and letting this account run for multiple months before putting their product on the market.
The best course of action with the Forex Breakout Bot is to really wait and see how the system performs over a much longer sample size. It’s certainly a positive that the vendor is providing verified Myfxbook accounts, but neither of the accounts are really exciting thus far. Maybe you just want to jump in because the price and $77, but we plan on watching the system from the sidelines for a few more months before we come to a recommendation.
If you have anything you would like to add to the review, please leave your questions and remarks below the article now. I
Forex Breakout Bot $77
Forex Breakout Bot is an expert advisor at a very affordable price.
Very low price
Verified myfxbook accounts
Lacking strategy detail
Myfxbook accounts small sample size