Odin Forex Robot is another expert advisor sold by the ForexRobotTrader.com team. They promote this robot, as “an unrivaled expert advisor with brutal trading accuracy.” The sales page includes profit numbers which claim the system gained $165,176 in the past month, and over $1,606,651 so far this year. These numbers are extremely high, which certainly triggers a healthy level of skepticism, as it’s hard to believe any Forex robot is consistently achieving these winnings.
Even though the creator, Don Steinitz passed, the ForexRobotTrader.com team has not updated their about us page, as it’s still his biography. The website likely changed ownership with his passing, but there is no information provided about this new group, their trading experience, or where they are located. It’s rumored that the team that took over this property are marketers, and not traders. This is not ideal, but it doesn’t necessarily mean that the quality of their products are diminished in any way. In order to get in touch with support, traders can create a ticket in their contact platform.
Odin Forex Robot Review
Currently rated their most popular Forex robot, the Odin Forex Robot took this title from the Vader Forex Robot, an EA we reviewed a few months ago. There have been quite a few comments from the community in both the Vader review, and the ForexRobotTrader.com review as well. So, make sure that you check those out for a full balanced report from the Forex Robot Nation community.
The FRT team advertise the 6 aspects that every trader should know about their software. It is fully automated, their most popular, comes with optimize settings, a broker shield, easy setup instructions and a “legendary grid trading strategy.” According to the developers, the strategy uses real-time analysis to distinguish the most effective entry and exit points with no lag. There is no real insight into this strategy outside of a few over arcing statements, as they try to keep their sales pages simple and straightforward as possible in order to attract new traders. There is a mention of tight stop losses, and take profits, but nothing in depth.
Trading strategy is important, and it’s especially important when dealing with a grid trading approach. Historically, grid trading expert advisors destroy accounts by opening too many trades a one time, and having an entire basket of trades go in the wrong direction. In order to feel safe with this robot, or any other grid trader, there needs to be a detailed explanation as to how the vendor is avoiding these common pitfalls.
- Type: Forex Robot
- Price: $129
- Strategy: Grid
- Timeframe: Undisclosed
- Pairs: USDSGD, EURCAD, NZDJPY, EURCHF, EURGBP, NZDCHF, USDJPY, EURUSD, GBPCAD, EURAUD, EURNZD, USDCHF, AUDCHF
According to the sales page, The Odin Forex Robot usually goes for $199, but is currently on sale with a 35% discount for $129. With the purchase, traders also get access to a free Forex robot, which they can choose from the Forex Robot Trader product line. Traders can pick one of the following systems, HAS Forex Robot, Hedge Forex Robot, Fractal Breakout Indicator, Pterodactyl Forex Robot, Directional Forex Robot, WaveRunner Forex Robot, Volatility Forex Robot, or Equity Trail Forex Robot. In the near future, we will provide reviews for each of these products as well, so look forward to these in the coming months.
Theree doesn’t seem to be any information about live or demo account license limitations, which is an odd omission. It’s safe to assume, that the vendor provides a single license for a single trading account with each purchase.
The ForexRobotTrader.com group are frequently maligned by the public for their trading results. With promises in the millions of dollars, and the tens of thousands and pips, the community expectations are always skyhigh when first signing up with the Odin Forex Robot. Yet, the results are scrutinized aggressively because the vendor refuses to provide verified performance reports.
They do provide trading statements, which is better than screenshots, but these statements are not verified by a third-party website like Myfxbook or FX Blue. So, while the results look extremely impressive and show major gains on a monthly basis, the overwhelming opinion from the community, is that they are simply not real.
This is obviously an issue, and a major one which could easily be resolved by the vendors with a simple 5 minute upload of their trading statement.
When it comes to the Odin Forex Robot, it always comes down to the trading results. It doesn’t matter how many times I pour over their aesthetically pleasing website, I always come back to the results.
At this point, all I can do is keep asking for the vendors to provide a verified Myfxbook account, and drop their results rating down in the review.
The only reason for not providing verified results in 2021, is if the robot just can’t cut it.
With over 240 reviews on Forex Peace Army, the Odin Forex Robot and the ForexRobotTrader.com team have a 2.4 out of 5 star rating.
Considering the promises of large profits, the overall client base is quite disappointed by the performance of these robots. It’s possible that the vendor isn’t uploading their treatment statement to verified statement sharing services, because they are hiding something. The community seems to be in line with that opinion.
At this point in time, the Odin Forex Robot, by ForexRobotTrader.com is not a recommended product. The vendor could do a lot for their reputation by simply proving to the community that their results are real, by uploading their trading statements to Myfxbook or FX Blue. Until they do this, the community is going to remain skeptical, and we are going to follow suit.
If you have anything you would like to add to the review, please leave your questions and remarks below the article now.
Odin Forex Robot $129.00
- Trading Results
- Client Feedback
- Customer Support
Odin Forex Robot is a ForexRobotTrader.com expert advisor. It’s their most popular system, but I’ve yet to come across a trader with a winning account history to show off.
No strategy insight
No verified results