HAS MTF Forex Robot is the original EA developed by the Forex Robot Trader team. They referred to as “the original automated killer,” that “locates huge trend trades by monitoring all the time frames at once.” According to the sales page, this system has generated over $600,000 just this year, so it’s important that we analyze the statistics and let you know if this is a viable trading system or not.
The EA is owned by the ForexRobotTrader.com group. As mentioned in our previous reviews, this company used to be owned by Don Steinitz, but since his passing we are unsure who took over at the helm. There is nothing to suggest that the new owners of this website have any experience in the Forex marketplace or in developing trading systems. That doesn’t mean that they don’t have trading ability, but there is nothing on the website that makes us believe that they do.
HAS MTF Forex Robot Review
The development team advertise the HAS MTF Forex Robot as a very simple system that can run on any computer without any human intervention. The system is built to help traders avoid steep learning curves and costly mistakes. These marketing tactics their seen frequently in this marketplace, as vendors want to acquire as many clients as possible by making it seem like their system is extremely easy to operate.
Sure, installing the robot is easy, but generally systems like these need a testing phase and we believe that would certainly be the case in this scenario as well. Considering the system can be traded on any currency, commodity or stock, this means the trader would have to sort through all of the different assets in order to find which one is most reliable. So, while it may be easy for you to install the software, it will take you some time to find the best approach, and there’s no guarantee that you will find it.
Most of the best Forex robots utilize the same marketing approach, but you need to understand that time and effort are always required to be successful in anything.
Unlike many of the other systems developed by this vendor, the HAS MTF Forex Robot does provide a pretty detailed analysis of their trading methodology. They tell us that the software uses the Heiken Ashi Smoothed indicator to determine the trend direction, and then follows the trend for successful trade set-ups. Depending on how strong or weak the price movement is, the robot will analyze the market and provide trade opportunities.
The vendor also provides a theoretical analysis of the strategy and trade logic which is something they failed to do any of their other products, as you can see in our reviews of Odin Forex Robot, Falcor Forex Robot, and Vader Forex Robot.
It seems that the vendor was much more interested in strategy, and providing detail about their strategy in the early days. It’s very helpful to see this information, because too many vendors fail to recognize the strategy of their own software properly.
- Type: Forex Robot
- Price: $99
- Strategy: Trend-Following
- Timeframe: 8 Timeframes
- Pairs: All Pairs, Commodities, Stocks
For traders interested in the HAS MTF Forex Robot, it can be purchased for $99. Again, at this juncture we feel it is worth noting that traders will have to find which assets this will work on, which will take a fair amount of time. This is not very popular system, so there aren’t a bunch of reviews and other traders that have shared their success stories or settings.
As is the case with any other product developed by the Forex Robot Trader team, the results simply can’t be trusted. This vendor always shows gains of 6000+ pips per month, and profits of nearly $50,000 per month, but none of these numbers are verified.
We again to see a single client come close to the numbers provided on the website, which makes us believe that these numbers are completely fictional.
The vendor is more than welcome to upload their results to Myfxbook in order to prove us wrong, but until they do, we are going to be able to take them seriously. We certainly are going to be able to recommend that ahead of other trading systems that do provide verified trading results.
We appreciate the fact that the HAS MTF Forex Robot provide us a detailed breakdown of their trading strategy, but without verified trading results they are still years behind their competitors. In order for this vendor to compete in this market, they need to be more transparent and prove that their software works.
If you have anything you like to add to the review, please leave your questions and remarks below the article now.
HAS MTF Forex Robot $99
- Client Feedback
- Customer Support
Good strategy insight
No verified results
Not a popular system
This robot is not as good as they advertised. I tried using it in ICMarkets demo account, the results are horrible.