Forex Autodealer is a new trading robot by Alex Tanuka. Alex is telling the Forex community that his system “allows to earn up to $15,000 monthly in 100% automated mode.”
Today I’ll be reviewing this software and analyzing the viability of Alex’s claims.
Forex Autodealer Robot Review
The $15,000 per month stat the Forex Autodealer Robot pushes is based on 1 month of trading between February 22 and March 25, 2016. This is not a large sample size so I don’t believe that it’s fair for us or the developer to assume that it will maintain this type of performance in the long term. The software boasts a new algorithm called “chief-4” technology but there is no real explanation of what this does or how it works. This system is built to work on the EURUSD, USDJPY pairs on the M15 timeframe. The expert advisor relies on the Stochastic Oscillator, Relative Strength Index, Commodity Channel Index and Moving Average Convergence/Divergence indicators in order to provide trades.
While Alex provides us with thousands of words in content about the Forex Autodealer Robot he is always lacking in one area, the most important, the results. I’m not sure why but for some reason Alex never provides live or demo trading results. We can only see short term statements and when we check back in a few months there’s never any new results. I’m not sure if Alex is trying to fool us and put out a bad robot but I would like to see much more transparency from the products he’s releasing. The days of screen shots of 5 trades are over when there are websites like myfxbook and mt4live available.
I hate do this so quickly, but I can’t recommend Alex Tanuka’s Forex Autodealer Robot to the FRN community. While I would love to recommend more systems I just can’t get behind products that give us no results. Honestly, I don’t even mind if I’m just seeing demo accounts. I can purchase a system based on demo accounts no problem, but I can’t purchase a system that has no results outside of a 1 month statement that is also not even on myfxbook. Please let me know if you have anything you would like to add to this review. I’m always around looking to have conversations about Forex trading.
Also, I’ve been testing some new Forex robots so keep an eye out for that. Come back again soon, and start talking!