Today I’m looking at an expensive Forex trading scalper built to run with multiple pairs with brokers that provide a floating spread, Bober Real EA. The software tries to keep their risk level low by utilizing a hard sl, and tp, while avoiding martingale trading strategies.
The creator of this software is Arnold Bobrinskiy, who doesn’t have much of a reputation outside of the MQL5 marketplace where his products are sold. It is unknown what type of trading history he has, or where he is located, but this is certainly a one-man development team.
Bober Real EA Review
Arnold puts forward that his Bober Real EA has both advantages and weak points. In the advantages, he boasts about the superior back testing results that can be achieved with a 99.9% modelling quality going back to 2000.
He also tells us that there is no reason to close the robot during news releases, and that traders can utilize one pair without having to switch between others to avoid instability. Despite this being a scalper, we are also told that the system doesn’t require fast execution time but he does recommend traders utilize a virtual private server with a ping over 100ms or below.
I still believe that you should make sure that you have fast execution speed, because this is a scalper.
When it comes to the weak points, we are told that the broker can’t have the spread larger than 2 pips, which can make it hard to find a broker to run this strategy. You can also lower the maxspread setting, but then the software will miss the majority of the trades.
- Type: Forex EA
- Price: $1100.00
- Strategy: Scalper
- Timeframe: M5
- Pairs: GBPUSD, EURGBP, EURUSD, USDCAD
Well I certainly have some interest in this Bober Real EA, the $1100 price tag is large enough to scare anybody off. There is an option to download a demo account, so you can test the software before you get locked into a large investment. Yet, with limited time I’m not sure if I’d be willing to do a full test on a system like this knowing that at the end of the rainbow I’d have to shell out over $1000 bucks.
The vendor also provides us with recommendations of usage, which include settings and different approaches that the software can be used with. Bobrinskiy tells us that the “safest option is to use the robot with 3 pairs and the risk value below 10.” This allows the software to provide enough trades, while not staying too long in the negative zone and keeping a drawdown below 20%.
The vendor provides us with a Bober Real EA backtest, but as you already know this isn’t enough for me. In 2017 I need real results.
In doing further research, I have come across a Myfxbook account that’s been running since mid August 2017. I’m going to show you this account, but with some reservation because I don’t know if this is the exact system that’s being sold on MQL5. There is no discussion with the account, but you can certainly ask the trader running this account what system they are using if you are interested.
Despite being released in 2015, there are only 9 reviews for this Forex robot. The positive about all this, is that every single one of these reviews is a 5 star. Here are some examples for you to peruse.
With the $1100 price tag I am currently staying away from the Bober Real EA, but that doesn’t mean that it doesn’t have potential. There are quite a few elements that I like about this presentation, and that projects the software to be a strong one. It was released in early 2015, and there have been 5 update since, with multiple updates coming in the last few months. I will be watching the software more closely in the coming months, and hope that we can get some real customer feedback here at Forex Robot Nation.