Forex Robotron Review
Forex Robotron is the result of many years of development and testing to deliver one of the best forex robots for the MetaTrader 4 platform.
Forex Robotron is an expert advisor (EA) that runs in the MetaTrader 4 platform. It is one of the longest running forex robots that has been in development and testing for more than 15 years. Throughout that time, it has improved significantly, showing that it can remain stable and consistent through various market conditions. This is backed by the 99% modelling quality Robotron backtests and verified Robotron Myfxbook accounts. The development team have spent countless hours working on ensuring that it remains one of the best trading robots commercially available today. Here we will take a closer look at the key features of the Forex Robotron EA, along with the strategy that it implements and trading results.
The Forex Robotron EA implements a unique trading strategy via its built-in algorithm. It is primarily a forex scalping robot that aims to open and close trades for a few pips during times of low market volatility. Therefore, it trades after the NY session close and prior to the Asian session. This does mean that you are likely to see better results with a forex broker that has tight spreads, low fees and minimal slippage.
The software has been designed to trade currency pairs including the EUR/USD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/USD, USD/CAD and USD/CHF. You can experiment with other forex pairs and trading instruments if you have the knowledge and skills to do so. Otherwise, you can use it with the default settings, just adjust the lot and risk size to a level that you feel happy with.
Forex Robotron can analyse currency pair charts in the MT4 platform for trading signals. You can configure the Robotron EA to either send you an alert when it finds a potential trading opportunity or you can enable it to place and manage trades fully automatically.
You will need the MT4 desktop platform running on your computer during its trading hours in order for it to work. If it is not always possible to keep your machine running, you could always make use of a Forex VPS to remotely run your trading platform 24/7.
Some of the key Forex Robotron EA features include the following:
ATR Filter
There is an average true range (ATR) filter built-in to try and avoid high market volatility which may be unsuitable for the strategy that works best in a ranging market with low volatility.
Dynamic Close Condition
Forex Robotron has an innovative dynamic close setting which can be set to true or false. When activated, the robot will look to exit the market according to the current market conditions. This makes it better than some forex robots which use rigid trading systems with fixed levels that do not adapt to the currency price action.
Money Management
There is a fully customisable money management system that includes lot size, risk percentage, stop loss, take profit and the previously mentioned dynamic close condition. You can adjust the levels as per your own preferred trading style.
Trading Hours
The Forex Robotron EA has adjustable start and end hours to only trade during specific sessions. By default, the software trades towards the end of the New York trading session in order to try and take advantage of the lower market volatility by picking reversal trades.
Trading Days
You can set the robot to not trade on Sundays or Fridays. Some traders avoid leaving positions before the forex market closes on Friday just in case of large weekend gaps which can cause greater losses than usual. Trading during the forex market open on sunday can also lead to larger spreads and unfavourable trading conditions.
Maximum Spread & Slippage
No matter how good a manual or automated trading system is, if the broker conditions are not suitable, it can have a great impact on the performance. This is especially true with a scalping strategy. This is where the maximum spread and maximum slippage filter comes in use. You can set Forex Robotron to not trade if the brokers spread and slippage is too high.
Magic Number
This feature lets you specify a unique order id for buy and sell trades on each chart so that there is no conflict between trades. The Robotron EA is able to differentiate between charts but this can be a useful feature if you want to try different settings on the same currency pairs without them clashing with each other. It can also be helpful if you are running other forex robots on your MT4 charts.
Minimum Profit
As the dynamic close condition can exit a position before the take profit target is reached, some users may wish to set a minimum profit target using this setting. That way, even if the dynamic close is activated, the position will not close until it reaches the minimum profit value.
Sleep Timer
Some forex robots will keep entering a position immediately after a loss to try and recover. This can be risky especially if the market is moving quickly against the trades. However, the sleep timer will deactivate the EA for a specific number of minutes to try and avoid entering in a runaway market.
Aggressive Trading
As with most automated trading systems that only run during specific hours, Forex Robotron can be very picky with its trading signals. Whilst many traders are patient and see this as a good thing because the EA is looking for high probability trades, others prefer more action. The aggressive trade setting is implemented to try and increase the activity of the robot whilst maintaining its win rate.
When it comes to choosing a suitable forex robot, one of the most important aspects to consider are its performance. We want to get an idea of how a system has performed over a long period of time. There are 2 main types of results that we look at, backtests on historical data and real verified accounts. That being said, lets take a look at the Forex Robotron results.
Forex Robotron Myfxbook
There are multiple real verified Forex Robotron Myfxbook accounts that have been running for years and show a very impressive long-term performance. Some haven’t been updated in a while as the software changed brokers, for more favourable trading conditions, something that we touched upon earlier in this Forex Robotron Review.
You can also see a snapshot of the Robotron Myfxbook results below and get up to date statistics from the official website.
Forex Robotron Backtesting
Backtests in the MT4 strategy tester can give you an idea of the historical performance of a forex robot such as Robotron. The developers have shared various backtests across the different currency pairs that it trades. These backtests run for many years but most importantly, the Forex Robotron backtests have 99% modelling quality. This is much better than the majority of forex robots we have seen which only have 90% modelling quality backtests which can give unreliable historical results.
In addition to the high quality of the Robotron backtests, they each used real tick data, variable spreads and include a commission fee. Again, the developer has gone an extra mile to provide the best possible MT4 strategy tester results, rather that setting up the backtest just to maximise historical performance. We believe that every forex robot developer should provide 99% modelling quality backtests with as realistic conditions as possible.
You can see the Forex Robotron Portfolio based on backtesting with a fixed risk below:
When it comes to longevity, consistency and customer support, it has hard to find a forex robot than can better Robotron. The developer has clearly spent many years perfecting the robot which is emphasised by the numerous updates that have been released to ensure that it remains relevant with the current market conditions. They continue to work around the clock to further improve the Robotron EA, by gathering data from real results and performing in-depth backtesting in the best possible MT4 strategy tester environment. That being said, as with any forex robot there can be absolutely no guarantees on how well it will perform moving forward due to the unpredictable nature of the forex market.
What is the Forex Robotron price?
Forex Robotron packages start from just $99, with the difference between each package being the number of real account licenses included. All packages included unlimited demo account licenses, free updates for life and full support.
Where can I download the Forex Robotron?
You can download the software from the Forex Robotron EA website.
What kind of customer support does Forex Robotron offer?
The Robotron developers provide 24/7 support via email. The support is some of the best you will find anywhere in the forex industry, with clients frequently commenting on just how quick and efficient the Robotron support is.
What are the best brokers to use with the Forex Robotron?
You can use the Forex Robotron EA on any forex broker that has the MetaTrader 4 platform.
What’s the minimum amount required to trade with the Forex Robotron?
There is no required amount required to start using this trading robot. You should only use an amount that you feel comfortable with and can afford to lose.
Is the Forex Robotron EA a scam?
No, Forex Robotron is not a scam. It has taken many years of hard work to create but that still does not guarantee how well it will perform in a future. No matter how good a forex trading robot is, there is nobody who can predict the forex market with 100% certainty.
Can I get the Forex Robotron for free?
You probably could spend countless hours painstakingly looking for someone who is sharing a free version of the Forex Robotron EA but it is likely to be out of date, unsupported and potentially dangerous.
What currency pairs does the Forex Robotron trade?
The software has been designed specifically to trade the EUR/USD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/USD, USD/CAD and USD/CHF currency pairs. However, you are free to experiment on any trading instrument you wish.
What is the best Forex Robotron settings?
The best settings for the Forex Robotron are those provided by the developer. Nobody will know the robot more than those who created it. They would have spent countless hours over many years optimising the settings so that you don’t have to.
Can I change the Forex Robotron settings?
If you have the knowledge and experience, you are free to experiment with the settings as they are adjustable via external inputs when you attach the EA to your MT4 charts. However, you may want to test your settings on a demo account to begin with to see how things go. You could also backtest the robot in the MetaTrader 4 strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the Forex Robotron?
You will need the MetaTrader 4 desktop platforms and an account with a forex broker. Most forex brokers will let you open a free demo trading account and download MT4 free of charge.
How much money can I make with the Forex Robotron?
There are absolutely no guarantees on how any trading robot will perform. Due to the unpredictable nature of the financial markets, nobody can predict what will happen in the future. Anyone who says otherwise we would be very wary off and probably avoid. You should do your own due diligence and make sure that you have a clear understanding of all of the risks involved using any automated forex trading system such as Forex Robotron.
Results are based on historical data. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is no guarantee of future performance. You should understand the risks involved with trading. Your capital is at risk.
