FX-Neuro Bot is a new automated expert advisor promising to offer investment opportunity that “can make lots of money very quickly.” The developers of the service understand that for many, Forex trading can come across as a gamble, but not for those that take advantage of proven Forex robots. They feel that they have the perfect trading system to minimize uncertainty and risk that works on smaller sized trading accounts. Today we will be providing review and letting you know if this is a viable investment or not.
They creator of the software don’t provide us with any company information. There are no details about who is running the service or where they are located. This is not a good sign, as the Forex robot community expect a high level of transparency in 2020. Without knowing who runs the service, we have no idea if they have a reputation we should trust or not. All we know is that the website was just created a few weeks ago according to the WHOIS records. The creators of this service needs to spend more time telling us about who they are, and why we should trust them.
In order to get in touch with support, traders can email firstname.lastname@example.org.
FX-Neuro Bot Review
The FX-Neuro Bot is average in its design. It’s clear that the creators are utilizing a newer template, but there are certainly unprofessional layout problems that should be resolved before releasing a product. A couple of the notable issues are the pricing area, and some of the strange images, including the robot holding a rubix cube.
The site consists of 4 different sections including process, features, pricing, testimonials and faq. Each of these sections provides minor details about the service, but fails to go into much detail.
In terms of strategy, the FX-Neuro Bot EA promises a “perfect trading strategy that is safe, robust and profitable of the same time.” This strategy uses indicators in conjunction with support and resistance to analyze price swings. Then, the robot monitors the swings, and uses a unique algorithm to provide trading opportunities.
The vendor also mentions that the robots main goal is to cut losses early, and let profits run where possible. The service uses no martingale strategies.
Their strategy explanation is average at best, as they really don’t give us any specifics. This is common with other robot developers see in our recent reviews of Ruby Forex EA, Xautoprofits and Celestial Trading Tools.
- Type: Forex Robot
- Price: $109-$149
- Strategy: Support and Resistance
- Timeframe: M30
- Pairs: AUDUSD
For traders interested in the FX-Neuro Bot it can be purchased for either $109 or $149. Both of the packages come with free upgrades, and support, the only difference is the amount of licenses. The basic package comes with 1 real account license and 1 demo account license. The premium package comes with 3 real account licenses and 3 demo account licenses.
The price point is lower than most of the best Forex robots in this marketplace.
At this point in time there is no client feedback, as the software just hit the market 3 weeks ago.
The FX-Neuro Bot team provide a single FX Blue account for their trading results. This account is showing a 371% gain and a 91% drawdown over the course of 222 days. During this time the robot made just 14 trades, with 12 of them being winners and 2 of them being losers. The average length of trade is 18.2 days, and the risk reward ratio is 0.83 with the average win at +477.72 and the average loss at -260.84.
While the account is showing a very large gain, the main concerns are obviously with the extremely high drawdown and risk of ruin. It’s clear that the vendors are using a very high risk and high reward trading strategy, which is generally the type of approach least year clear of.
If you decide to utilizes robot, you have to understand that it is a very risky one, and that you can lose your entire account from a single trade. According to FX Blue, the account has a 57.6% chance of losing the entire account balance.
The vendor’s messaging isn’t in line with the results they provide. They are not transparent about the high levels of risk, and attempt to sell the software as a low risk opportunity. This is not the case.
While the FX-Neuro Bot isn’t our top recommendation, there will be some traders looking to use the software to grow their accounts quickly. While this is possible, those traders need to understand that there is a very high probability that their account will be lost. If you are a low risk trader, this isn’t for you.
If you have anything you would like to add to the review, please leave your questions and comments below the article now.
FX-Neuro Bot $109-$149
- Client Feedback
FX-Neuro Bot is an automated trading robot with FX Blue trading results.
FX Blue results
No company details
Limited strategy insight
High risk of ruin