EA Review: Forex MetroBot

Today we are looking at a new EA from Rita Lasker, Forex MetroBot. The software is being promoted as a system “designed to solve all your problems and make your dreams come true.” No, I didn’t make that up, this is the motto that Rita Lasker and the green Forex group decided to run with this time around. Rita produces new Forex trading systems every one to two months, and while we like her approach the majority of the time, she should dedicate more time to each product.

By the end of the review, I hope that you will understand exactly how the software works and whether or not it’s a worthwhile investment opportunity. For all reviewed robots go here.

Forex MetroBot EA Review

Rita believes that her Forex MetroBot system is an extremely easy way to make profits. She claims that the EA is currently winning 90% of its trades and that the team of developers have a combined 8 years of Forex trading experience. The robot is developed to make 1 to 2 trades a day resulting in major gains in both profit and in pips.

Breakdown

Type: Forex Robot
Price: $99
Strategy: N/A
Timeframe: M15
Pairs: EURGBP, GBPUSD

Rita Lasker

Rita’s last product came out in late January, so she’s right in line with her one product every 2 months strategy. Throughout the years I’ve reviewed many of Rita’s products, and I always provide advice on how she can better serve the community with her systems. Yet, after years of reviews, I have some of the same concerns about this Forex MetroBot that I’ve had with all of her other products. The main issue is always consistent, the results. I’m never satisfied with the type of results provided, I’ll pick up on this more in the trading results section.

That being said, if you are interested, here is a list of her last few products.

• Forex 2000 Pips
• Forex Penta Scalper
• Forex Quattro Scalper
• Forex 20000 Dollars

Trading Results

I really hate to harp on this, but it’s consistent in every review I do of a Rita Lasker product. It’s no different now with the Forex MetroBot EA either. This product does not provide adequate trading results. While some of the verbage, and product description impresses me, I just can’t get passed the fact that they only provide a 1 month trading history that isn’t even uploaded to myfxbook.

The entire market is moving in a direction towards full transparancy. While, this may be fully transparent, I don’t believe a product is ready to be released to the public with only one month of trading history. Maybe I’m alone in this thinking, and that’s fine, but I don’t believe that I am.

Conclusion

I don’t want to say that the Forex MetroBot EA is a bad product. That’s not why I run this blog. Yet, I can only give the product a 3 star review until the results are uploaded onto myfxbook, or I see some real client success stories. Until then, the product will remain a 3 star.

I hope that Rita reads some of my reviews and takes the next step in providing systems with verified track records. I really believe that she can, and I hope that she does. Please leave your comments and questions below, now.