FRT: Falcor Forex Robot Review

Falcor Forex Robot is another expert advisor developed by the Forex Robot Trader team. They claim that this incredible system “has taken the markets by storm,” and that it has powerful features that are helping to redefine automated trading. Today we will be providing you with a full review, and letting you know if this trading system meets our expectations in terms of trading results, strategy and client feedback.

As it stands, it’s unknown who the owners of the Forex Robot Trader website are. Originally, the website was founded operated by Don Steinitz, located in Las Vegas, but since his passing the website still remains active under new ownership that hasn’t revealed themselves. It is unknown if the new owners have any knowledge of the markets for coding experience in the MQL4 or MQL5 languages. We would be very interested to know who has taken over, and exactly what they bring to the table in terms of Forex trading experience.

In order to get in touch with support, traders can create a support ticket in kayako.

Falcor Forex Robot Review

According to the sales page, there are 6 reasons why traders should be interested in the Falcor Forex Robot. All trades are completely automatic, there’s no lagging indicators, trades occur 24 hours a day, the setup is only 5 minutes, it’s easy to use review traders and is compatible with multiple currency pairs. These reasons are simple, and the type of thing you see on just about every Forex robot website that’s been developed in the past few years.

They also claim that the system uses innovative code in 2019 that can help you “trade like a pro instantly.“

Strategy

The Falcor Forex Robot utilizes “price action to find trades as they act.” The FRT team believes that most automated systems spend too much time analyzing history in order to find trade opportunities, while they prefer to base their trade setups on what the price is doing the moment. Outside of this statement, they don’t get into any real detail about their methodology, as they tend to withhold most of the important information and rely on short, vague sentences. This is generally the case with their other products as well, as you can see in our reviews of the Vader Forex Robot, and Odin Forex Robot.

In order to qualify as a best Forex robot, and find a home that are rankings, a vendor needs to adequately tick off multiple boxes. Providing detailed information about the strategy is one of the, and this box regularly remains unticked by the FRT team.

EA Breakdown

• Type: Forex Robot
• Price: $99
• Strategy: Price Action
• Timeframe: Undisclosed
• Pairs: AUDCAD, CADJPY, NZDCAD, EURJPY, EURUSD, NZDJPY, USDSGY, GBPUSD, GBPJPY, EURAUD, USDCHF, EURCHF, GBPCHF, CADCHF, USDCZK, EURGBP, and more.

Going for just $99 the Falcor Forex Robot comes with a single license that can be used in MT4 exclusively. It doesn’t seem like this vendor has upgraded any of their systems to MT5, which could have something to do with their owner passing away a couple of years ago. Hopefully, this team still has a reliable developer to upgrade their products, to make sure that they are still reliable in ever-changing market conditions. The last thing you would want to do is purchase the Hedge Forex Robot, Reaper Forex Robot, or Ganon Forex Robot and end up with something that worked well years ago, but no longer does.

Client Feedback

There are many reviews about the ForexRobotTrader.com website, as they had a 2.4 out of 5 star rating on FPA. We are unable to find detailed client feedback about this specific robot though, as it’s one of the less popular options they provide. Regardless, this page will act as an area for traders to leave their opinions and feedback moving forward.

Trading Results

Just like the other FRT robots, the Falcor Forex Robot trading results aren’t reliable. They provide trading statements and promises of profits ranging between $35,000 to $116,000 per month, but none of the statements they provide are verified. They could easily upload their trading statements to Myfxbook and prove to us that they are real, but despite being challenged to do this on multiple occasions, they had never done so.

For this reason, and for the fact that the results are quite outrageous in the first place, we simply don’t believe that the results are real. There is likely some sort of system fabricating these trading results and posting them to website for our consumption.

Just about every other robot in the market now utilizes some sort of statement sharing service to verify their trades.

Conclusion

While the website looks professional, the Falcor Forex Robot fails to meet our expectations when it comes to strategy, trading results and client feedback. Obviously, we will check back from time to time to see if it made any adjustments, and update our review accordingly.

If you have anything you would like to add to the review, please leave your questions and remarks below the article now.