ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor StatArb Pro is a new algorithm driven Forex robot by an unknown developer.
In my review I look at what algorithms this EA uses and how it plans on winning trades.
They provide the installation guide and the Forex robot.
This Forex product costs $297 and is being sold on the RevenueWire payment processor.
Tagline: The world’s first algo-driven statistical arbitrage Forex robot.
Up front and center they have a handful of different myfxbook accounts which is a good start. There is also an account from 2011 but this is a bit deceiving as it is a million dollar account and I don’t think any of our readers have that kind of capital.
There is a lot of trader jargon here so sift through it and find out if you think this one is worth a shot. I am going to try and get my hands on a copy.
Results
They do have myfxbook results as mentioned above and do have a handle on explaining their strategy to some extent. I am going to have to get some results of my own up for this system.
The problem with this type of Forex results is that it really cannot show a true image of the strategy itself and thus does not depict how the Forex product will actually perform. This is our opinion on StatArb Pro on behalf of Forex Robot Nation and an adroit ascertainment of the market for Forex products itself.
Here at Forex Robot Nation you will be able to find the best reviews on StatArb Pro from real Forex traders. We have a strong community that are fully involved in the process of our Forex reviews which include a dedication to testing and discussion. Our users and expert traders will be able to help you earn a lot of money utilizing Forex trading systems and strategies.
If you have any information about StatArb Pro that you would like to contribute to the conversation then you can leave your thoughts below. Generally the products that get the most posts are obviously the most popular but keep in mind there are many products that don’t have the hype but certainly have the profit.
Please feel free to contact us at anytime regarding new Forex Robots, Expert Advisors and any trading software you feel we should recognize, review and test.
It is time for you to have your say on this product so leave a comment below and tell the Forex Robot Nation community what you think! If you like it or you hate it we want to know everything about StatArb Pro.
Looks interesting initially but then it fizzles big time. Ya, sure… they deposited huge amount to trade. Fine but it only returned ~50% in 7 months. Not impressive. Forex Steam did better. Much better. So we don’t have $1 Mill to deposit so what is ~50% return on a $5,000 account in 7 months? $2,500. Sure, money earned is money earned but it pales in comparison to other EAs. Besides, it isn’t true hedged positions either so their FAQ section was misleading as well. It will work on all US brokers as well since it is not going long on EURUSD and short on EURUSD. But the return does not impress me at all. I will pass.