Forex Robotron FX Robot – Review

The Forex Robotron Expert Advisor is developed by the Forex Robotron Team. The team that developed this robot has been around since 2013, but the EA was not perfected until 2016. The developers are not known. The latest version was 27 released in October 2019

This MetaTrader EA is based upon the scalper strategy. It executes a few trades daily during the quiet session ending times between 9-11pm GMT. This EA’s performance backtesting uses real tick data to ensure maximum precision. This EA is designed to be used with EUR/AUD pairs, EUR/CAD pairs, EUR/GBP pairs, EUR/USD and USD/CAD pair on the 5-minutes timeframe.

Forex Robotron EA Trading Strategy

Forex Robotron trades range markets primarily using a combination of technical analysis and price action. Robotron also uses dynamic money management, trade filters and trade filtering to try to anticipate market movement in advance.

Robotic trades from the end of NY trading session until the Asian trading sessions. You can automatically calculate the GMT trading hours within the code.

Robotron is compatible with default settings. You would only need to adjust your lot size or risk to the level you prefer. More experienced traders can experiment with settings in MT4’s strategy tester or on demo accounts. You would be surprised if your bespoke set files could improve on the default settings of the developers.

Forex Robotron is not a hedger, it does not use a martingale strategy or grid and there is no arbitrage.

Forex Robotron EA Settings are externally accessible, which means you can change them in the input window after attaching this robot to your charts on your trading platform. The default settings that were optimised by the developer can be used, but it is always advisable to check that the risk or lot size is suitable for you as each trader has different risk preferences.

You can experiment with the Forex Robotron EA to create your own custom set files if you have experience. I would backtest the software using the MT4 Strategy tester across different chart timeframes and currency pairs to find unique combinations of settings that fit my trading style. It is recommended to use certain currency pairs, but you can also run it with other financial instruments. If you want to test the Forex Robotron, you can do it on a demo trading account first to see how it goes.

Service Cost

EA’s starting price is $299, which includes unlimited demo account licences, 1 real account, support and updates. Standard package costs $399, and includes 2 real licenses. The Gold package costs $499 and includes 3 real licenses. If you need unlimited real account licenses, the cost is $999. Forex Robotron is priced higher than most other EAs, especially because there’s no demo version.

Conclusion

Forex Robotron, according to other reviews and user feedback, does not consistently show results. It is best used with brokers that have very tight spreads, little slippage and quick execution times. Unfortunately, there is no demo available for Forex Robotron, so it is impossible to test the software.

This Forex service can be found at the following web address: https://forexrobotron.com