Today I’m reviewing a new Forex robot that’s focused on taking advantage of speed and power, Fuzzytron. This EA showing a steady gain from 2010 to 2017 via back test using a stop loss of just 9 pips. Whether or not this EA is a viable option for the Forex Robot Nation readers will depend on much more than back tests, and that’s what I’ll be investigating today.
The software is owned and developed by Vladimir Pokora, who is located in the Czech Republic and has 8 products available on the MQL5 marketplace. Other products include Robotron, Hoover, MrCLOSER, Infotext, PlasmaTrend and Zorro 3 in 1. Released December 28, 2017, this EA is still relatively new to the marketplace, and opinions are still being formed. In order to get in touch with support, traders can direct message Vladimir via the MQL5 website.
The explanation of how the FuzzyTron EA monitors the markets, is very brief. We are told that the software “places pending orders on the market, and then moves them to better prices.” I’m not very happy with this explanation, because it doesn’t really tell us anything about why or how the system operates the way in which it does.
The vendor also informs us that the EA works with all time frames, in all market conditions. Generally, I prefer systems that have a much more specific trading approach, as I’ve historically had issues with trading systems that try to accomplish too much. It’s been my experience, that expert advisors that work with multiple time frames, don’t have a specific enough strategy to work over long periods of time.
In the settings section of the sales page, it’s apparent that the software includes take profit, stop loss, and trailing stop loss. There doesn’t seem to be any features or settings, that are outside of the norm.
- Type: Forex Robot
- Price: $1280
- Strategy: Scalping
- Timeframe: All
- Pairs: EURUSD, USDJPY
The first comment I want to make about the breakdown, is obviously about the exorbitant price tag were dealing with here. The FuzzyTron EA is being sold for nearly $1300 US, and from what I’ve seen so far, this is much too expensive. The vendor does offer a free demo, as well as a rental fee of $148 per month, or $390 per 3 months. I’m still not happy with either of these prices.
As for the strategy, I’m not 100% sure, but the system does come across as a scalper from the results and statements that I’ve seen. The vendor tells us that a fast ECN broker is required, and that is a normal requirement for scalping systems. For broker rebates, check out my recent reviews of Cash Back Forex and PaybackFX.
Based on the price tag, you would think that the FuzzyTron software is showering us with impressive verified long-term trading results. Yet, that is certainly not the case, as we are only provided with 2 back tests, which really do a poor job at presenting a trading strategy in 2018.
The EURUSD back test shows a consistent profit from 2010 to 2017, while the USDJPY back test is only from the beginning of 2017, to the end of 2017.
As far as I’m concerned, this is not enough information to sway me in either direction. Vladimir needs to seriously consider registering and verifying trading accounts with Myfxbook and FX Blue.
There is currently one review, and 33 comments regarding the FuzzyTron EA. Sadly, the feedback hasn’t been very positive, with the main review claiming that the author has done very little to help. Other reviews claim that the EA is doing nothing but losing money, and thus this is likely a system we should be avoiding at this point in time.
Based on the lack of information, and the negativity swirling around the comments and reviews section of the FuzzyTron sales page, I’m not going to be recommending this robot to any of my readers today. If you have anything you would like to add to this review, please leave your questions and remarks below the article now. I always respond, and I appreciate the conversations that we have.