Today I’m reviewing another robot by the Forex Robot Trader group, “The Powerful Ganon Forex Robot.” The FRT team claim that this robot is terrifying brokers everywhere, because of its elite trading strategy, and ability to detect trends better than any other system on the market. In my analysis, I’ll let you know if this robot is in line with the other systems from this developer, or if it’s a trading system that we can trust and utilize moving forward.
As stated in prior reviews, the owner of the ForexRobotTrader.com passed away, which means there was a change of ownership, but it has yet to be disclosed. It is unknown who is currently in control of this website, and what type of history they have in the Forex marketplace. If you have more information on this, please leave a comment below, or feel free to email support and ask them directly via forexrobottrader.kayako.com.
Ganon Forex Robot Review
According to the sales page, the Ganon Forex Robot utilizes an “exclusive Strand Theory™ that finds the healthiest trend trades and eliminates fake outs.” Apparently, this theory has been developed over the past 6 years, and is the best way to find incredible trend signals. As is the case with the Odin Forex Robot, and Vader Forex Robot, the main theory the expert advisors are built around, is not elaborated on or explained in any detail.
We are told that the Ganon will detect intentional price manipulations and fake outs, to stay one step ahead of the broker. Yes, they don’t provide any examples of the theory and practice, and it really comes across as a sales page story, not a real strategy. If the day have a system that is truly spotting price manipulations in the Forex marketplace, then they could be getting Forex brokers in a lot of trouble with their regulators.
This strategy, comes across more as a tale, than anything substantive.
Outside of the Strand Theory™, the vendor tells us that there are 2 modes of operation. The robot can trade in hyper mode, which provides more trades, or normal mode which focuses on bigger trades. The robot trades all day, it also has a trailing stop feature built to help secure profits as the trades progress.
They provide some detail about the strategy, but not enough.
- Type: Forex Robot
- Price: $99
- Strategy: Strand Theory™
- Timeframe: Undisclosed
- Pairs: GBPCAD, EURAUD, EURGBP, CHFJPY, GBPNZD, EURSGD, NZDUSD, NZDJPY, EURCHF, AUDCHF, GBPAUD, USDJPY, NZDUSD, AUDUSD, USDCAD, EURUSD, GBPUSD
As this is not one of the main promotions on the Forex Robot Trader website, they have the Ganon Forex Robot priced at a very affordable $99.00. At this price, traders get access to the robot, a new user interface and compatibility with all accounts sizes. The installation takes 5 minutes to install, and the system is built to automatically adjust its settings to each currency pair it is attached to.
The issue with all the Forex Robot Trader products, and in turn the Ganon Forex Robot, is the performance results.
On the sales page, the vendor claims that they’ve made over $124,000 in the last 30 days, over $100,000 in November, and over $1.1 million so far this year using this expert advisor. The purpose of these exorbitant numbers, is to attract new traders and desperate traders quickly into believing that these are the best Forex robots. The vendor hopes that traders will see these impressive numbers, see that the product is priced at just $99, and make a fast judgment without doing any further research.
The bottom line is, none of the trading results provided by the ForexRobotTrader.com team are verified by a third-party. They do not use Myfxbook, or FX Blue, and only provide trading statements, which they have full control over. The general community believes that these trading statements are being obviously manipulated, and the majority of the market feedback validates these claims.
There isn’t a ton of feedback on the Ganon Forex Robot, but the reviews we have read from clients, aren’t positive. You can see an example of one below:
The problem with the Ganon Forex Robot, is the exact same problem with any Forex Robot Trader EA, there is no real transparency. This vendor needs to desperately start using statement sharing services, in order to prove that their products are actually viable, and not well-crafted marketing schemes.
If you have anything else you would like to add to this review, please leave your questions and remarks below the article now.
well, after using ganon for a few weeks now i find it is a complete waste of money. thats why frt do not have a money back guarantee, they would be broke if they did. take my advice, do not buy frt products.
Ganon is my JAM!!! not my best EA but it does what it is supposed to do. I run it on EURCHF on m30 and on hyper mode (actually seems more reliable). HAS MTF is by far their best EA though. I have tinkered with this EA that looking at the charts i know when i need to start changing settings a little so it dopes need some love.
i have been running ganon for a bit over a week. i have had 1 good day which only lost 1 trade but since then every trade is a loser. i haven’t given up yet because the markets were pretty hard to trade last week. i think i will try the eurchf on m30 hyper this week as suggested by nathan.
complete rubbish. i tried setting mine the same as yours and it was still useless.
Yes so far i am loosing money use their Ganon product.tech support slow respond.
Sorry to hear that James. Keep us in the loop with your current results.
All the representations and claims they make about this EA are fake. It is completely useless. Don’t waste your money on this or any products that are advertised on their website. I tried the robot for two months – predictable loser.