Forex Robotron Review 2023 – Compare The Best Forex Robots EA Providers

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On this page, you will find an in-depth look at Forex Robotron EA provider that aims to help you make an informed decision whether this product matches your trading needs.

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Forex Robotron has undoubtedly stood the test of the time, as it has been on the market since 2003. The current version runs under MetaTrader4 (MT4) and offers trades in multiple currency pairs. This Forex Robotron review will focus on the EA’s trading strategy, the backtest results, and the real-life performance results.

Forex Robotron Overview

The latest version of Forex Robotron was realised in January 2021, and it trades in five currency pairs: EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/USD. The expert advisor runs under the MT4 platform for desktop and laptop within 5 minutes frame. According to the developer, the trade frequency goes up to 500 trades per year (depending on the market conditions). The active time for Forex Robotron is 21.00-23.00 GMT.

Forex Robotron Trading Strategy Review

Forex Robotron trades with a combination of price action and technical analysis. Additionally, it implements dynamic money management and different trade filters to anticipate market behaviour.

The time frame is set to match the end of the New York trading session and to include the Asian session. The GMT slot is adjusted automatically to your time zone.

The robot aims to answer the needs of both experienced and novice traders. Those who are making their first steps in trading can use the default settings of the EA’s, while the more advanced traders can experiment with adjusting the setting according to their requirements.

It can be used with a wide range of brokers, as long as they offer you an MT4 account. Keep in mind that the trading software does not use a hedging strategy, so if you are looking for the type of trading, you should look somewhere else. Additionally, there is no martingale, grid or arbitrage strategy.

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Forex Robotron Backtesting and Performance Results Review

The backtesting results of Forex Robotron span within many years on multiple currency pairs. They show that it can perform well, using the same settings. The backtest uses modelling quality at 99%.

According to this data, with an initial deposit of 5,000 USD, the net profit in 2005-2020 on the currency pair AUD/EUR is 103 705 USD with a maximum drawdown of 38.27%. Within the different currency pairs, this data varies. However, it is important to notice that the maximum drawdown varies in a wide range (between 5% and 40%) according to the currency pairs, which means that Forex Robotron can be considered a high-risk EA.

The EA has long-term running accounts on myfxbook. Their results are displayed on the software’s website. The overall impression is that the life performance results are similar to those of the backtesting, with an average monthly gain of 7% and a max drawdown span between 13% and 57%.

Forex Robotron Conclusion

The longevity of Forex Robotron on the market speaks for its quality itself. However, as we pointed the EA has a high risk, and perhaps it will suit more experienced traders. It also comes in high-price (999USD for the premium edition.)

Pros:

► Easy to install

► Long history

► Verified results

► Good customer support

Cons:

► Expensive and no-refund policy

► High-risk

► Limited trading window (only 2 hours)

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