The NonLagMA EA is the latest released from the RobotFX group. I first learned of this web-site because the owners of the software spam my blog comments all the time, and it annoys me. That may make this a less than positive review, but I’ll do my best to be as respectful and as unbiased as possible.
This latest strategy is developed on the “trend is your friend motto.” They claim that this is very similar to a product they released over 6 months ago. Hopefully this isn’t just a rebrand, and we are actually getting something new. For all software reviews and customer comments go here.
The way the RobotFX developers go about selling their systems is much different than the majority of the community. For the NonLagMA, they provide a brief explanation and then show us the software in action with a 15 minute YouTube video. Before purchasing traders can access the manual which goes into more depth and explains the EA ideology.
The software uses the NonLagMA indicator to identify the trend and determine the viable entry/exit point. There are quite a few settings you can go through including a bunch of different hedge and trailing stop options. Traders can also enable martingale trading tactics, but I don’t recommend this.
There are 4 things that the RobotFX developers tell us that robot can do.
- Detect the trend
- Enter the trade
- Trail the price
- Hedge the zone recovery
- Type: Forex Robot
- Price: $398
- Strategy: NonLagMA
- Timeframe: M15
- Pairs: USDJPY
There is an automated binary options product that also goes by the name of RobotFX but that is not what we are reviewing today. We are looking at the Forex robot developer robotfx.ro. Although, from what we can see, the binary options software is not getting any positive feedback, so stay away from that.
Today we are obviously providing a NonLagMA review but there are actually many other products provided by the RobotFX team. Here’s a list.
- RobotFX AutoRecovery EA
- RobotFX Fluid
- RobotFX MACD EA
- RobotFX OCO News
- RobotFX Trailing Stop
- RobotFX Renko Charts
- RobotFX Stair Steps
Depending on the feedback for this review, we will go back and write reviews for the other EA’s as well.
Despite being quite progressive in how they present their strategies, this development group is well behind when it comes to trading results. At $398 I expect to see a couple incredible myfxbook accounts, or at least a statement somewhere.
Instead, they have no trading results at all. They don’t even provide backtests, when even the most basic EA developers will at least do this when they don’t have live results to show. There are also no real client results to be found anywhere.
We are going to have to leave the RobotFX NonLagMA EA review at 3 stars. Honestly, I considered giving them a lower score because of the lack of results but I don’t want to negatively report on something I haven’t fully invested the time in yet. So, with that being said, let me know what you think about this robot and whether or not you believe it’s a worthwhile investment.
Also, if you have tried any of the RobotFX.ro products, I would love to hear your feedback and see some of your results.
I’m using it on EU. The testing strategy is a little slow, but live trading works fine. Cannot complain, it does what it says it does.
On behalf of RobotFX team, just a few additions:
– 1st, you obviously haven’t used it, so maybe you shouldn’t rate it at all 😉
– there are more things that this EA can do, not only those that you wrote (again, use it first)
– this is not only for M15 UsdJpy (and again, use it first)
– this is also available to download and try for FREE (hence no need to prove anything with our history charts, everyone is free to go ahead and try it) (and again….)
I think that’s it. Sorry for spamming, but we already told you to let us know what was wrong so we can talk with our advertising company we work with. If they did spam you, we’ll gladly close the contract with them and deal others.
3 is a good rating. This means that we haven’t drawn a true conclusion yet. We will certainly look to test our your system for free but we do prefer robots that use Myfxbook. This is just the way that the market has developed over time.
Update: We are currently unsure if anyone can trust this developer as they decided after leaving the above comment that they would DDOS attack our servers. This is a blatant, and illegal act. We have not decided how we will be responding but we have reached out to the community to see what their thoughts are.