RayBot Forex EA Review

RayBot is a new Forex EA built to work on the Metatrader 4 platform. The developers believe that their strategy is profitable and safe. They believe that within a few weeks traders can see amazing results due to their revolutionary software.

Sounds like a pushy sales pitch but regardless I’ll be reviewing this expert advisor for the Forex community and anyone else interested.

Price: $275/year
Type: Forex robot
Results: Fxblue
Pairs: EURUSD, AUDUSD, USDCAD
Timeframe: M15

RayBot Review

The RayBot system is in it’s infantile stages still at this point. The system was released two months ago and has not gained too much steam. They have a few myfxbook accounts on their website but none of them are very impressive. They are on USC cent accounts with the Profiforex broker (never heard of them). They are showing gains of just a few percentage points and one of the three are actually showing a negative account balance which isn’t great.

I’m also not a huge fan of their $275 per year price point. Considering this robot on their best account has only made $30.00 in two months it would take me nearly a year of this performance just to pay for the software. I would make like $60 a a year, and they would make nearly $300. Doesn’t really seem like a fair trade if you ask me. I’m certainly going to need to see better results from this software before I give it a shot. I’ll come back to their website in a few months and hopefully it’s doing better then. I just can’t swallow spending $300 to make $300 or even lose money.

What do you think about the RayBot software? I can’t recommend it to you today but I’m interested to know what the community thinks. I’ve also found a FX Blue account from another robot reviewer and it’s currently a few percentage points in the negative so this really looks like a wait and see situation. Thanks for stopping in.