FX Blaster Pro is a new Forex robot that aims to be “consistent and profitable” in all market conditions. They provide a couple Myfxbook accounts that started in late March, which is a good first step. Today we will be analyzing these accounts, and providing a complete review to let the community know if this is a viable system or not.
The vendor provides no information about who they are or where they are located. Generally, we want to know the reputation of a trader before we decide to join them. Our additional research shows that this product is hosted on the same server as FX Maximal and Maxturbo EA so it’s safe to say they are developed by the same group. Both of these systems have exclusively negative client feedback in our reviews. One of our readers told us that the Maxturbo product always has a huge drawdown, and that it uses a “suicidal strategy.” Obviously, this is a new product, so we don’t want to judge it based solely on this past information, but it is still relevant.
The only way to get in touch with support is to fill out a contact form located on the website.
FX Blaster Pro Review
Much like the other products by the FX Blaster Pro team, the website is brief and lacking in detail. They provide trading results, a brief look at the features and a few sentences about their strategy.
In terms of features, they tell us that the software is easy to use, fully automated, fully customizable and works with any broker. These are all very common claims made by EA developers.
If they want to set themselves apart, or be considered for best Forex robot status, they will have to add more detail to their sales page. This is not an abnormal aspect, as we come across many vendors that fail to provide detail. That being said, it’s not an excuse, and it’s very important that we know what we are buying, before we buy it.
The FX Blaster pro team claims the software “has a unique and high-efficient trading strategy.” According to the website, it uses 3 different stand-alone strategies so that the software is constantly learning. It is based on indicators combined with trend/grid/hedge/semi-martingale methodologies. Then, traders can choose from four different risk profiles to trade these strategies.
It’s a bit confusing because there are so many strategies mentioned, and no real detail of how they all work together. In addition, with mention of grid and martingale strategies, we have to be cautious, as these are the riskiest trade approaches in the market. We really would like to see much more detail in this area to see how they match up with our recent reviews of Odin Forex Robot, EA Tech and FX Classic Trader.
The vendor also mentions in the strategy section that their team has “more than 10 years experience in trading, researching and developing forex trading software (advisor, indicators, utilities).” There is no proof to verify this information, because they do not introduce us to any of their team.
- Type: Forex Robots
- Price: $299-$459
- Strategy: Trend/grid/hedge/semi-martingale
- Timeframe: Undisclosed
- Pairs: AUDUSD, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD
For traders interested in the FX Blaster Pro robot, it is available on the Click2Sell network, via two packages. The standard version comes with one real account, and costs $299. The advance version comes with three real accounts, and costs $459. There’s no difference in the versions, outside of how many licenses the vendor provides.
The FX Blaster Pro team provide two Myfxbook accounts hosted on the Fort Financial Services brokerage. One of the accounts is high risk, and the other is low risk. Today, we will take a look at the high risk account because it trades more often, and gives better insight into the software.
The high risk account is showing a 152% gain with a 15.12% drawdown since it launched on March 17th, 2020. During this time it has been very active, placing nearly 1800 trades. Its average trade length is 2h 32m, and the profit factor is 1.61. In terms of risk reward ratio, the average win is 12.14 pips and the average loss is -24.14 pips.
From what we see so far, the results look good. It is a small sample size, and we would like to see some client results too, but it’s a good start.
For the most part, we like what we see from the FX Blaster Pro team. We would like more clarity when it comes to their company, and trading strategy, but the results are impressive. We won’t be recommending the software today, but we will be keeping a close eye on it, to see how it continues to perform moving forward.
If you have anything you would like to add to the review, leave your comments below the article now.