ForexRobot Review I Top Forex Robot Review

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We’d like to introduce you the brand-new review. This time it’ll be the analyze of MAXTURBO EA.

The presentation on the robot’s site looks very simple and tells us: “It is equipped with several indicator sets, which helps it detect when the market will reverse. We’ve ensured to lace our unique Auto Trading System with all the advanced features that’ll help our clients gain consistent results in the form of higher profit and ROI. Maxturbo EA is a proven strategy that has been used by experienced traders for more than 7 years.”

The devs suggest us using MAXTURBO with any pair of currency, as well as, we get news protection, and low risk with high rewards at the same time.

The forex robot is selling in two packages: $299 with 1 real account which’s called “Standard” and “Premium” one for $499 with 3 real accounts.

Table of Contents

MAXTURBO: To Trust or Not to Trust?

The fx robot has been deployed just several days ago. It’s completely brand-new products, and we have to check its performance at least on several months’ range to make sure it won’t nulled an account.

Good trade results

Let’s take a look at the results according to data from fxblue.

The system expects that if the robot keeps performing like that the monthly return will be 53.5%.

Maxturbo EA has been started very well and got 10.7% of weekly return with 1.74 profit factor.

During 10 da ys the robot has closed 90 trades, where 49 of them have been won. 49 trades won $323 when 40 trades lost just $185. It means stop-loss patterns work well.

Instead of “all currencies” that has been said to us the robot ran only EUR/GBP pair.

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The most robot can’t handle the same % of winners for buying and selling trades, but not MAXTURBO EA, it’s good for it.

The robot performs only one strategy on, as we could see, the one currency pair.

The robot manages to get this amount of gain with that low risk: 10% loss gets a 1.1% chance.

The average trade length equals 8.6 hours, trade result is +$1.52, average wining is $6.58, losing is $4.63

Very low level of Drawdowns

Maxturbo EA runs with quite low DD. They’re just 2.1%.

High level of Transparency

There’s on the fxblue account every data we need presents to make a decision about trying the robot. Every

Conclusion: To Trust or Not to Trust?

Maxtrubo EA is quite a new program. It shows, as usual on the start, good results with smooth trading discipline. We think the program can be an option if you’d like to try something new that works well on the EUR/GBP currency pair. Although, the final decision about applying the robot on your main account should be done by you after running it at least several months on the demo one.

ForexRobot Review 2020

Forex trading is certainly starting to gain in popularity daily. The traders who are just now in the process of gaining experience in trading on the forex market are beginning to wonder if there is a way to simplify the process and maybe make it a bit more accessible. Indeed, there are several ways that you can achieve this.

Before we go on to that part of the review, we do need to highlight that forex trading is not a guessing game, nor is it a bet. There are so many variables included in this type of trading that it is hard to isolate them in a short review but the important thing is to know that there are ways to optimize your forex trading regardless of your experience levels.

As we mentioned before, there are a couple of ways to do this, and one of them, which is becoming more and more used, is the implementation of a Forex Robot. This Robot is a software which we will review in this article and provide the information on all the relevant characteristics.

ForexRobot Basics

The way that ForexRobot works is on the basis of a complex algorithms. These advanced algorithms pull and scan the information from the financial markets and bring you the analyzed data in the form of a suggested trade. You, as a trader, are responsible for setting the customizable parameters within which the robot will deliver the trades that suit your preferences.

Obviously, knowing the background operations of the ForexRobot in detail is not crucial for your forex trading journey. The only things that directly concern you as a forex trader is the education and the ability to understand how to set certain preferences so that the results you are getting are optimized to boost your profit potential. After all, no two traders are alike. This also applies to their trading techniques and also financial plans and strategies. What you need from an automated trading robot will still needed to be suited to your needs and wishes.

Is ForexRobot Free?

Obviously, since we are all used that everything in the trading world is very costly, you might be very surprised to learn that ForexRobot is actually free. This is the current state of things and the robot will never charge you for anything. Also, keep in mind that ForexRobot does not and will not accept any payments or possible deposits made by you and its only goal is to deliver the important trades so you can continue to reap the benefits of having an optimized auto trading forex trading robot.

Regardless of their actual education or experience levels, the clear path of every forex trader in the world is to increase profit potential and not to decrease it. So why would you choose to use an automated trading system which costs sometimes even over a $100, if you can get the ForexRobot for free.

ForexRobot Uses Cloud Technology

Another thing that is very important about ForexRobot is that it’s so user-friendly that you are not required to download any programs, plug ins or extensions to be able to use it on your device. Considering the fact that ForexRobot uses cloud technology, everything you need is to be able to access the internet – from any browser and any device that supports internet connection.

All that you need to do to access your trading platform on the ForexRobot is to connect to the internet, open your favourite browser on any device you have handy and log in to the platform by using your private login information. Make sure you never disclose the details of your trading login as you do not want anyone to be able to have access to your trades except for you and this includes paying attention to saving passwords on other people’s devices.

ForexRobot Broker Selection

ForexRobot offers a great selection of forex brokers that you can choose from. It is important to note that the list of available brokers will depend solely on your country of residence as not every forex broker is available in every country in the world. The way the ForexRobot is set up it enables traders to save time and effort that would invested in manual search for the brokers. This way, all the available brokers are delivered straight to your trading platform.

It is also important to highlight that this feature saves traders from disappointment of finding out that the broker they may have chose or have already deposited with is not compatible with the advanced software of the ForexRobot. The robot only supports brokers who are compatible so you never have to worry about making a mistake of choosing the wrong broker.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

ForexRobot Trading Features

This complex auto trading software is also packed full with vast variety of trading features that are customizable and are at the disposal of traders who wish to implement them in their forex trading. There is no obligation for you to actually do that, of course, it all depends on you plans and requirement.

Traders who choose to use the various trading features usually prefer to trade in a more personalized way and they like to completely customize the entire trading process. However, regardless of what type of trader you are specifically, the most important thing is that you know how to find your way around the trading platform. WIth the ForexRobot, this is never a problem as the dashboard is very user-friendly and intuitive.

ForexRobot Customer Support

Having a great customer support experience is often overlooked among traders. However, this may not seem like the most important thing at first, but customer support section is one of the things you should pay special attention to when choosing your trading software.

ForexRobot has managed to round up a very professional group of individuals who are visibly eager to help and are very educated about their job. They have proved to be extremely efficient in dealing with all the issues we were testing them with. The responses we got were very fast and efficient but they were still communicated in a friendly manner. This is a very important aspect of trading as you will definitely need the customer support help at least once during your trading journey.

ForexRobot Conclusion

We shouldn’t really be surprised at the number of various trading robots that have emerged on the market as the forex trading industry does not show the signs of slowing down anytime soon. However, this does not mean that all the trading softwares are created equal and that all of them are able to do the job they are supposed to be doing.

ForexRobot has surprised us with its versatility and intuitiveness. This is a highly functioning software that will certainly be the focal point of your forex trading journey. It is 100% free and comes with an extensive list of trading features and amazingly helpful customer support – this robot has it all.

FXCharger EA – Forex Robot Review

FXCharger is a very controversial forex advisor with automatic execution of orders. Its feature is the application of the Martingale method and the grid of orders. But at the same time, the algorithms are written in such a way as to ensure a small deposit drawdown. That is exactly what the developers say. In theory, this description seems muddled, so we had to independently test this Forex-robot in order to check all the principles of its operation.

How does FXCharger actually trade

This automatic advisor should be activated on EUR / USD or AUD / USD currency pairs. As we wrote at the very beginning, immediately upon activation, the Martingale system and the grid of orders are triggered.

The order grid means that it automatically opens from 2 to 6 deals in opposite directions with a certain price increment. This is done so that it is possible to close orders in the “plus”, regardless of the price movement. Opened in both sides of the transaction does not allow the deposit to subside. After all, even with a significant deviation, the loss will always be leveled due to the fact that orders remained open and in the right direction.

And all losing trades are immediately duplicated, but with an increased lot. Users claim that this Expert Advisor is considered safe due to clearly written algorithms for applying Stop-Loss and Take Profit levels.

The official website of developers does not disclose detailed information about what kind of strategy is used in this advisor. But in practice it became clear that no technical indicators or graphical tools formed the basis. No analysis takes place, and the adviser in everyday trading does not take into account fundamental factors. The above mentioned currency pairs were chosen due to the fact that they are the most volatile during the European trading session. And this means that the chance of a measured flat increases, at which the price moves up and down within the specified range.

Because of this, this adviser is worth the attention of every trader, but you need to be very careful with it.

  • Recommended deposit – from $ 1000
  • Minimum lot – 0.01
  • Trading terminal – Metatrader 4
  • Timeframe – H1
  • Restrictions / requirements for choosing a broker – no

Please note that this automated Expert Advisor on the official website is priced from $ 385. Add to this the minimum recommended deposit and ask yourself if you are initially prepared to spend the same amount when working with a grid robot?

You can purchase two versions of the advisor:

They differ in the number of currency pairs on which they can be used. The basic version is simpler, since it is intended for the euro-dollar pair. But the maximum package is already suitable for the two assets mentioned above. The results of trading, based on independent testing data, do not affect the number of currency pairs.

What are the results of trading

When choosing an automatic bot, a forex trader usually pays attention to such elements as trading results and conditions. We have completely dealt with the trading conditions, but the trading results remain further for consideration.

In the screenshots provided by the developer, we see that the monthly yield is about 8% for all currency pairs. At the same time, the drawdown does not reach a few percent, which seems quite unusual for reticulators and advisers using the Martingale technique.

The disadvantage here is the short testing period. On the Myfxbook service, data is provided only for a period of one year. Therefore, to talk about the long term use of this robot early. When choosing this advisor, a potential trader should be prepared and that in order to start trading in financial markets you will need to pay a certain amount of funds, at least $ 1,300 (taking into account the cost of the program itself and the initial deposit).

And to ensure constant, round-the-clock trading, it is rational to use a special VPS server.

FXCharger Advisor Settings

To install this robot, simply download the archive, unzip it and copy the files along the path MQL4 – Experts (in the root folder of the trading terminal). After that, open or restart the program and activate the adviser from the “Navigator” section.

All user settings are open, so you can individually change the degree of risk. Adjust the parameters of the order grid, lot multiplication factor when activating the Martingale method and much more. The number of FXCharger robot settings exceeds 25 units.

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