Forex Robotron is a new EA that considers itself “the ultimate automated forex trading system.” The robot runs on the 5 minute time frame and is currently being sold for $499.
Today we will be analyzing this robot in full detail so that the Forex community understands how it works and if it should be trusted.
Forex Robotron Review
The Forex Robotron software is built to work with the Metatrader4 platform trading 4 pairs (EURUSD, GBPUSD, EURCHF and EURGBP) with a 20 pip stop loss. According to the sales page the robot is the result of a long period of programming, testing and trading experience. The web-site was registered in 2013 but it doesn’t look like it was used or being regularly promoted until 2016. So this is in-line with the story that it took them years to developer the trading system.
The most important part of this review is obviously the trading history of the Forex Robotron EA. Yet, for some odd reason the “Myfxbook Verified Results” section of the sales page isn’t providing us with links to the accounts. You can see for yourself, if you try and click on the results nothing happens. Without being able to click on these accounts we have to assume that they have been margin-called.
In doing a Google search we found many different Myfxbook accounts but almost every single one of them had been deleted. The only account that isn’t deleted is a EURUSD account that ran from June 17th to July 15th 2016. So, less than a month.
It’s quite clear that the developers of this EA need to reestablish their dedication to trading results if they want to be considered for our best Forex robot ranking system. Screenshots of my FX book accounts without allowing us access only draws suspicion. If you or anyone else can clear up why this is the case then please feel free to leave a comment below with your reasoning.
- Type: Forex Robot
- Price: $499
- Strategy: Scalper
- Timeframe: M5
- Pairs: EURUSD, GBPUSD, EURGBP, EURCHF
At $499, the Forex Robotron software is priced above most premium services in this market. With their package they provide unlimited demo licenses, lifetime support, and access to free updates. They offer a premium package as well which goes for $999 and comes with 5 live account licenses, as well as JForex platform access. The Gold package comes with just 1 live license and MT4 platform access.
2022 Robotron Update
I will be launching more tests on live trading accounts for the Robotron software in the next few weeks as I organize my new home trading server.
Please keep an eye out for these going forward as I continue to provide more and more in-depth reviews of all the top ranked automated robots in this market.
Seemingly very little has changed since our initial review of the Forex Robotron EA. In analyzing their website once again, it is apparent that many of our initial conclusions were rock solid.
While the vendor shows very impressive trading results, they are always tied to ambiguity and deception. They still rely on screen shots of Myfxbook accounts that they can’t prove exist, and the accounts that do exist are quite odd.
For example, their main account is listed as “GOB Trade 2,” a trading account that seems to be owned by a trader with no association to the Robotron team. This account shows a gain of nearly 3000% with a very small drawdown. Another issue with this account, and many of the other associated Robotron accounts is that they are run on the Knit FX broker. This is an unregulated Forex broker located in Thailand that barely has a foot print anywhere online, outside of a couple 1 star reviews from the Forex community.
The vendor needs to provide updated trading results using their software, with a regulated broker. They need to stop using unregulated brokers, and associating their services with shady firms. This will go a long way in developing trust and confidence in their expert advisor.
Our determination remains the same as it did in the past. We aren’t ready to make a recommendation. Yet, if they make the required adjustments to their marketing materials/trading results, then we will certainly reconsider our position.
At this point in time we won’t be able to recommend Forex Robotron due to the trading results. It would not be a smart decision for anyone to spend $500 on a trading robot that can only provide one month of trades from half a year ago on a demo account. Hopefully the people behind this robot will continue to push forward and find ways to provide us with the amount of results we require.
Thanks for stopping by Forex Robot Nation and feel free to browse the rest of the website to see what you can learn from our established community. Currently the number one rated robot is Forex Fury as it continues to win over 90% of its trades. Have a great day guys.
Forex Robotron $499
Forex Robotron is an MT4 scalping robot that’s been on the market for many years.
Scalping strategy Lifetime support & updates MT4 compatible
Inconsistent results Expensive