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Forex RoboCop is a new expert advisor being brought to us by Alex Tanuka. According to Alex this new robot allows traders to earn up to $20,000 a month in 100% automated mode. The $20,000 marketing claim comes from a four-week sample size where the software earn nearly $20,000. This isn’t indicative of future results.
Today we will be taking a closer look at the software and other robots that have been released by Alex Tanuka and Forex Pacific Inc.
Contents
Forex RoboCop EA Review
First, let’s start with the basics. The FX Robocop EA is being sold for a one time payment of $99 which includes a free trend runner indicator. The software trades the EURUSD, USDCHF and USDCAD on the M30 timeframe. Alex claims that it works with any meta-trader 4 broker as long as you have a reliable and stable Internet connection. The strategy behind the software isn’t discussed in any real detail but we are told that the system’s accuracy is up to 85%. This doesn’t really mean that it is 85%, it just means up to 85% which guess could essentially mean 20%.
Alex Tanuka and Forex Pacific Inc.
Alex is a very busy product developer. He is constantly releasing new robots to the market with similar sales pages. His approach is much like Anna Forex or Rita Lasker in that the products are released frequently and then forgotten about. While many developers will release one robot every 2 to 3 years and then provide updates, Alex prefers to continually provide new robots. There are some that say this is because the robots he’s releasing aren’t very good and don’t have a shelf life.
Personally, we prefer systems that provide updates and growth as opposed to a quick hitter like Forex RoboCop.
Now, let’s look at the historical significance of some of Alex’s other products:
Trading Results
In the paragraph above we focused on the churn and burn strategy being utilized by the Forex RoboCop developer. This isn’t the only issue we see with the sales page currently, the results are quite disappointing.
Alex Tanuka is years behind when it comes to reporting, historical analysis and every other means of trading results. He is relying on a single trading statement from early November 2015 to December 2015, a period of one month. If you’ve been the Forex trader 4 some time now you will know that one month is simply not a valid sample size. There are thousands of automated Forex robots available for free that can give you one good month but that doesn’t mean they are good systems. A trading robot that gives you one good month could easily blow up your entire account in one bad day. Obviously we don’t want to insinuate absolutely that this is probable with the Forex Robocop, but it’s something you need to be conscious of.
Alex should do himself a favor by running his trading systems and uploading the statements to Myfxbook.
Conclusion
We are unable to provide a recommendation for Alex Tanuka’s Forex RoboCop EA at this point in time. We have come across quite a few issues that we would like to see resolved before deeming this a reliable trading product. Until Alex joins us in 2017 we will be unable to recommend any of his products.
If you are looking for a reliable software with proven results than I suggest you check out the Best Forex Robots page for 2017 available here on Forex Robot Nation.
