EA Review: FX Oxygen

FX Oxygen is a new Forex robot that operates automatically 24 hours a day. Developers of this software claim that their only goal is to earn money for their clients. The software is meant to be a reliable qualitative EA has been successful for over 20 months on their live account.

First launched in 2015, the owners of the product seem to be the Forex Store. This is the same team behind FXDiverse and FXGoodway, as they are on the same web server. The products also utilize the same design and marketing approach, so it’s no question they are related. In order to get in touch with support, traders can email via the contact form on the website.

Today I’ll be providing an update to the original 2015 review and letting the Forex Robot Nation community understand the pros and cons of this trading software.

FXOxygen Review

The FX oxygen robot is being sold for $295 (now $210) with a money back guarantee. The developers of the software claim that they were tired of watching low-quality, fraudulent robots being created and sold by unscrupulous vendors. They believe that they exercise a higher degree of responsibility.

Trading Results (2015)

They back tested their EA for 10 years to make sure that it worked over a long period of time, then, they traded the account with real money for 20 months to ensure that it worked on live accounts as well. They feel they’ve now past all of the tests and trials required to provide a high-quality a reliable expert advisor.

The results for the FX oxygen software are on the FX open broker running real accounts. We can see that the software trades two pairs, the eurusd and usdjpy. As for trade frequency, the software has taken 385 trades in 20 months so it isn’t exactly a high-volume trader. This means you will likely see 2 to 3 trades per week on average. The results on Myfxbook are really quite impressive they have a $500 deposit with a 445% gain in August and day 20 month project with an 800% gain. We hope that these results are real and trustworthy and that the software actually performs as expected.

Robot Breakdown

• Type: Forex Robot
• Price: $210
• Strategy: Undisclosed
• Timeframe: M30
• Pairs: EURUSD, USDJPY

Now priced at $210 the FXOxygen software comes with free lifetime updates, 1 lifetime license, and two different trading modes (reliable, and highly profitable). We would like to see these trading modes in action, as their trading results don’t really specify which mode is being used.

2019 Update

It’s been 4 years, so there has likely been a fair amount of change in terms of trading results for the FXOxygen robot.

We can see that they provide an unverified live trading account on FXOpen. This account is hosted with Myfxbook, and is showing a gain of 122% since July, 2018. The drawdown is 35%, and the system has traded 129 times. The risk reward ratio is 1:1 with the average win coming in at 66 pips, and the average loss at -63 pips.

In recent times, this account is struggling. In April it was -7%, and in May -8%. Since, there hasn’t been any trades at all, so we aren’t sure if they stopped running the software, or they are working on some sort of update to resolve the problem.

There are no accounts available from 2015-2017, so it’s likely the original account we reviewed, and discussed earlier busted.

We have also come across an account the FXOxygen vendor ran with FPA, which ran for 2.9 weeks and ended up in a -82% gross loss. So, we still feel the need to see some sort of client trading results to verify the viability of the program or consider it one of the best Forex robots.

Conclusion

At this point in time we won’t be recommending FX Oxygen. This is only because we want to see it run on some real trader accounts from the community before we get involved. We would like to see some sort of independent reviewer or trader results on Myfxbook and then we will be willing to dish out the money.

If you have something you would like to add to this review please leave your questions and concerns below the article. Thanks for coming to Forex robot nation and please look around the rest of the website to see what we have to offer.