Robot Developer Review: Inrex EA

Inrex EA is a Forex robot product developer with 4 automated trading systems actively available to traders in the marketplace. This group claims to have 10 years of trading experience, and now they want to share their knowledge and skills with the rest of the Forex trading community.

The website is owned and operated by Yip Sin Hang, located in Hong Kong. In order to get in touch with support, traders can fill out a contact form by scrolling to the bottom of the sales page.

Inrex EA Review

Yip Sin Hang believes that traders should trade multiple trading strategies, to mitigate risk and diversify their automated trading portfolio. He believes that his Inrex EA projects provide traders with the ability to do just that. The team has put together 5 different trading styles to meet the needs of every trader available. These styles include the following:

• Low Risk
• Medium Risk
• High Risk
• Extreme Risk
• News Scalping

Depending on the Forex robot, many of these strategies or styles can be found in a single system. The most popular of the systems is the Stone Breaker EA, which can be used to trade every risk level available. Whereas, the Stone Breaker Lite, and Miner Parafly products are focused specifically on low to medium risk trading.

Now, let’s take a closer look at each of the systems.

True Or Dare EA

While this robot isn’t named properly, and should be called truth or dare, this Inrex EA creation is built for beginners. The system trades the news exclusively, and works with accounts as small as $1000. This robot also has the unique ability in “flash mode” to trade semiautomatically, which lets traders place their own trades and let the robot finish them.

There is very little in terms of the strategy, and according to their MQL5 signals page, the flash crash that happened yesterday blew up their entire account. Flash crashes like these are usually only survived by the best Forex robots on the market, and there are very few of them that can handle this level of volatility and survive. So, I’m not going to totally condemn the developer for getting dealt a very tough hand.

It’s safe to say, that this robot should be avoided.

Stone Breaker Lite

Well considering we’ve already done a full review of Inrex EA’s Stone Breaker already, there’s no reason to revisit that robot. Instead, we will shine some light on the Stone Breaker Lite. This system is built for new traders that want to keep their risk between low to medium levels. The robot requires a minimum deposit of $1000 per pair, and costs $599 per license.

This would be my top recommendation if I had to choose from the Inrex offerings. That being said, I’m not sure I would choose any of them considering the price tag is so high, and there are cheaper options available that are performing just as well.

Miner Parafly

The Miner Parafly robot costs $599, and requires a minimum deposit of $500. This robot is a scalper that works on all pairs, and is built to fit the low risk trading style.

The trading results for this robot are no longer available, which leads me to wonder if it also took a hit during yesterdays flash crash.

Conclusion

The Inrex EA developer definitely has a strong knowledge of the markets. While some of the trading accounts certainly struggled with the current flash crash, I’m not going to hold that against the developer too much, because this crash killed a lot of accounts.

This developer is showing a lot of potential, so it’s a good idea to watch this team over time to see how they continue to progress. I would like it if they add their results to Myfxbook, and increase the depth in which they explain their products.

The product line in full, is middle of the line at this point. I believe that there are certainly positives to each of the systems, but I don’t believe that any of them are worth the $600 price tag that they are being sold for. Let’s wait and see what the future holds for Inrex, and revisit this review every few months to see what the community is contributing.

If you have tested any of these systems, or you just want to let us know your thoughts about this service, please leave your comments now.