Ramo Bomb is a new Forex robot developed with a smart algorithm that looks to analyze market trends and move orders based on stop hunting. It’s being sold on the MQL5 marketplace, and is built without the utilization of “martingale, hedging or any other dangers strategies.” It’s clear the sales page, the vendors want to provide a low risk and long-term trading opportunity. In our review we will analyze the system, and let you know how well it rates based on 5 separate categories.
The expert advisor is developed by a team based in Iran made up of Ramin Najafi and Mohammad Hashemi. This team is relatively new to the marketplace, but they have published 5 products during this short time. These products include Ramo Golden Saturation, Ramo Scalp Hunter, and Sexy EA, which we feel isn’t exactly named appropriately for the Forex market.
To get in touch with support, traders can direct mesage the team via their MQL5 profile.
Ramo Bomb Review
The Ramo Bomb trading team doesn’t exactly provide much in terms of in-depth information about their trading methodology, but they do provide a brief explanations about each parameter. These parameters include Magic Number, Risk Percent, Stop Loss, Take Profit, Trailing Stop, GMT Offset and NN Strategy. The NN strategy is described as an added strategy, which will “increase your risk of stoploss” but provide more profits in the long term.
It would certainly be beneficial to know more about their stop hunting strategy, but they do provide a free demo, so more experienced traders can likely figure out the strategy as they watch it trade with virtual funds.
That being said, we still recommend that the vendor provides much more insight, as the more we know about the system, the more we can trust it. A lack of information is prevalent in this market, but the best Forex robots all give the community a greater sense of understanding, or provide many different resources elaborating on their approach.
- Type: Forex Robot
- Price: $350/year
- Strategy: Stop Hunting
- Timeframe: M15
- Pairs: EURUSD
Priced at $350 per year, the Ramo Bomb is on the more expensive end when it comes to automated expert advisors. Most companies in this market provide lifetime licenses as you can see in our recent reviews of Asmani Pro and Star Trader. Yet, this vendor prefers to use a subscription model. So, make sure you are making enough money each year from this robot, to ensure that it’s paying itself off.
The expert advisor hit the market December 24th, 2018, and has been updated frequently since. With the latest update coming on April 13th, 2019 to version 5.3.
The notable positives of the analysis section are that the system is updated often, and comes with a free demo.
In terms of trading results, the Ramo Bomb team use the MQL5 signal section to show their progress. We prefer vendors utilize Myfxbook, as it is a much more reliable way of showing trading results. We always find the drawdown, as well as a few other statistics are always accurate when looking at MQL5 signals.
That being said, we see no issues with the trading results being provided by this vendor. The account they provide is showing a 24% gain in the 4 weeks that it’s been running. During this time, there have been 8 trades, all of which have been profitable for a profit of $656 on 267 pips. The stats aren’t all positive, as the maximum drawdown is already up to 40% on just 8 trades, which is significantly higher for such a short period of time. After seeing a large drawdowns like this, we would like to see a much larger sample size, before we test this on any of our accounts.
The MQL5 signal page gives the trading account a reliability score of 3/5.
The client feedback up until this point has been mainly positive, with mostly 5 star ratings and only a single 2 star rating. For a score of 4.5 stars out of 5, on 20 reviews.
Here is one positive, and one negative review, so you can get both sides of the story.
The Ramo Bomb robot is an interesting trading system, but we aren’t ready to provide a recommendation. We would like to see more insight into the methodologies, and simply let their trading accounts play out for a few more months before we consider using it ourselves.
If you have anything you like to add to the review, please leave your questions and remarks below the article now.
Ramo Bomb $350/year
- Client Feedback
- Customer Support
RamoBomb is a Forex robot that appears to be discontinued at this point in time.
Specific approach (1 pair, 1 timeframe)
No long term results yet
Lacking strategic insight