Forex Robotron has been tested using real data and it also uses a tight stop loss, which also sets it apart from many other trading robots. This should reduce the risk significantly and protect your capital by limiting your exposure.
The back-testing date for this robot is displayed on the Forex Robotron homepage, yet it should be noted that this is shown as static screenshots. There’s no up-to-date results or data, which is why our Forex Robotron reviewers decided to dig a little deeper.
NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.
Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.
Always check our article’s published date & the comment section below for users opinion. Thanks ♥️
Continue reading our review of Forex Robotron to learn exactly how the robot works and whether or not it could help to improve your trading activity.
- 1 Forex Robotron Robot Review
- 2 How Much Does Forex Robotron EA Robot Cost?
- 3 Forex Robotron Robot Founder
- 4 How to use Forex Robotron EA Robot
- 5 Is Forex Robotron Robot Safe and Credible
- 6 Is Forex Robotron Robot Legit
- 7 Is Forex Robotron Robot Scam
- 8 LEGIT BUSINESS OPPORTUNITIES 🔻🔻
Forex Robotron Robot Review
This Forex Robotron review explores a popular automated trading program. Designed for use with MetaTrader 4, it can be used with hundreds of popular STP/ECN brokers, making it suitable for beginner and veteran traders alike.
Forex Robotron is a piece of software designed specifically for the MetaTrader 4 forex trading platform. You can use it with any broker, as long as they have MT4, however, the developer does recommend that you opt for an ECN/STP broker.
Our Forex Robotron review experts found that this robot generates the best results in an environment with low spreads, low commissions, fast execution, and no limitations on stops. It works with EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/USD, GBP/AUD, USD/CAD, and USD/CHF on five-minute charts.
How Much Does Forex Robotron EA Robot Cost?
To create this in-depth review, we looked at all four of the different Forex Robotron packages: Basic, Standard, Gold, and Premium. The difference lies in the cost and the number of licenses.
The Basic package, for example, includes a license for a single account at $299. The Premium package, which is the most expensive option at $999, offers licenses for an unlimited number of accounts. All the packages feature a lifetime of updates and dedicated support.
Unfortunately, Forex Robotron has a strict no refund policy. This is somewhat concerning, especially when you consider the fact the developer also points out that you may have weeks where you don’t make a profit.
When compared to other robots, this review of Forex Robotron found the software to be competitively priced, especially considering the results.
Forex Robotron Robot Founder
While documenting this Forex Robotron Robot review, I did my best to search and found no information on the founder of this platform.
I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.
Forex Robotron Robot provides no verifiable information about who owns or runs the company on its website.
How to use Forex Robotron EA Robot
Our Forex Robotron review team recommends that this software should only be used by experienced traders who have a firm understanding of market conditions and a sizable account balance.
Complete beginner traders shouldn’t attempt trading with this automated forex trading software, especially if they’ve never used an EA before. This is due to the fact you can’t get your money back if you don’t like Forex Robotron, and so you need to be very certain this is the correct robot for you.
Pros of using Forex Robotrone EA Robot
- Includes a strict stop loss feature to protect your capital
- Easy to install and to use
- All packages include a lifetime of updates and support
Cons of using Forex Robotron EA Robot
- Limited trading window and currency pairs could result in missed opportunities
- No explanation of the strategy the robot uses to trade
- Results are only shown as screenshots and not updated regularly
- Strict no-refund policy
Is Forex Robotron Robot Safe and Credible
This EA program can be used 24 hours a day, yet it only opens new trades between 21:00 and 22:00 GMT in the summer months and between 22:00 and 23:00 during the winter months. This is disappointing as it makes it unsuitable for some traders yet, according to the developer, these are the hours during which Forex Robotron performs best in terms of trading volume and accuracy.
The automated trading software comes complete with profit and loss features. When activated, the loss feature will close a trade as soon as it goes into a loss. The profit feature, on the other hand, will ensure the robot exits at the best possible time.
Is Forex Robotron Robot Legit
To get started with Forex Robotron, you need to have MetaTrader 4 installed. You then need to transfer the Forex Robotron files to the right folders in MT4. This is easy to do and Robotron comes with complete instructions. Once installed, you can simply drag Forex Robotron from the Navigator window onto the appropriate chart.
Forex Robotron allows you to tweak a variety of settings, which include lot size, risk percentage, trading style (aggressive, normal, conservative) and more. This means you can adjust the robot to your preferred trading style and then sit back and watch it do all the work.
Is Forex Robotron Robot Scam
Our Forex Robotron review team found this automated system very easy to use. The developer provides detailed instructions and it only takes a few minutes to set the software up.
Compared to other forex trading robots, Forex Robotron is very user-friendly and doesn’t fall into the trap of providing so many options that it becomes overcomplicated.
Forex Robotron is an automated forex trading system suitable for any trader who has in-depth experience using EAs. It has various features that will allow you to trade according to your preferred style, whether you’re more conservative or aggressive.
If you want to check out Forex Robotron, below you will find a list of the best forex brokers to use in conjunction with this software.
This Forex Robotron Robot Review Article isn’t aimed at defaming Forex Robotron Robot nor is it targeted to promoting them.
This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.
Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Forex Robotron Robot review.
Team Xycinews is no third party and we can’t handle any queries whatsoever.
LEGIT BUSINESS OPPORTUNITIES 🔻🔻
3 Ways to Boost Concentration While Trading
You can be highly motivated to trade, have abundant capital, and a dummy-proof trading system, but you can still encounter losses if you fail to concentrate.
Even had a hard time working in a crowded Starbucks or studying in a noisy library? It’s easy to concentrate when we are in a quiet room or when we feel calm and at ease, but the markets are often chaotic and trading can get stressful.
When you aren’t fully focused on your open positions and trading strategies, self-doubt can creep into your consciousness. You may start having second thoughts that can wind up sabotaging your trading efforts.
The more you can stay focused on your ongoing experience, the more you can trade effortlessly and skillfully. But how can you concentrate more easily?
1. Take good care of your health
First, it’s useful to remember that concentration takes psychological energy, and this supply of energy has limits. If you want to maintain your focus, you must be rested and relaxed.
Get proper sleep and nutrition. If you’re tired or hungry, you won’t be able to keep your mind focused on trading.
2. Be mindful of your stress levels
Second, it’s important to be conscious of your stress levels since this can deplete psychological energy.
The best way to limit stress is through risk management. If you know that you are doing your best to keep potential losses to a minimum, you’ll feel more comfortable and can focus most of your attention on trading.
3. Optimize your trading space
Now this is particularly applicable to those who are trading from home. Even if you are just starting out, you need to invest in a space that doesn’t involve trading from your bed or the same dining table that your kids just spilled their spaghetti on.
Since you’ll be dealing with the same markets that office traders are battling with, you’ll need to establish an OFFICE space. Make sure it doesn’t have too many distractions and that you have a fast internet connection and enough monitors for you to watch the charts and track the news.
Concentration is essential for profitable trading. The more you concentrate, the more you feel you are in control. And when you feel your body and mind are in sync with the markets, you’ll likely find it easier to trade consistently and profitably.
Chart Art: Range Support Plays for AUD/USD and GBP/CAD
Yo! You up for comdoll setups today?
If you are, then you can check out not one, but TWO range plays.
AUD/USD is giving us reverse head and shoulders vibes after hitting support at the .7700 major psychological handle on the 1-hour time frame.
A break above the “neckline” could lead to a retest of the .7750 mid-range levels. And if the upside breakout has momentum, we could see AUD/USD pop back up to the .7810 range resistance levels.
But wait! If you see the Aussie turning lower from the “neckline,” then you also gotta consider that AUD/USD could drop back to the .7700 support.
Whichever bias you end up trading today, make sure to use your best risk management strategy!
No, you’re not seeing double! Like in AUD/USD, GBP/CAD has also recently bounced from a range support, this time on a daily chart.
Think the pound bulls have enough momentum to push the pair to the .7180 mid-range levels? Stochastic hasn’t hit overbought status yet, so I’m thinking there’s a bit of buying opportunity left.
Buyers can wait for a break above the mid-range levels and then target the 1.7550 major resistance on the chart.
Not a fan of the pound? That’s alright, you can also wait and see if the consolidation that we’re seeing results in the pound going back down to its May lows in the next couple of days.
Bears can short at the first signs of bearish momentum and then aim for the 1.6880 previous low or the 1.6830 range lows.
Trade Watchlist: USD/CAD’s Trend Retracement
The U.S. is printing its closely-watched retail sales release today.
Do you think the report will extend the dollar’s weakness against the Loonie?
I don’t know if you were around during the U.S. session but Bank of Canada (BOC) Governor Macklem jawboned the Canadian dollar by saying that further gains would have “material impact” on their export and maybe growth projections.
It also didn’t help that prices of crude oil – one of Canada’s biggest exports – dipped as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations and eased the oil price spike that we saw earlier this week.
The Loonie weakness pushed USD/CAD up around 150 pips higher from its weekly lows. It’s now near the 1.2170 zone that lines up with the 200 SMA and a trend line resistance that’s been valid since late April.
Will today’s retail sales release extend the dollar’s losses against the Loonie? Word around is that we could see upside surprises with such a lowkey expectation and a strong CPI report.
If we see a much strong retail sales activity, then traders could worry about the added pressure on the Fed to ease their stimulus measures. Ditto for much weaker retail sales numbers, which could inspire risk aversion and push the safe-haven dollar higher across the board.
Meanwhile, so-so retail sales data could inspire risk appetite that would extend the Loonie’s rally against the dollar. Look out for a trip back to weekly lows or even new May lows in case we see enough momentum.
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
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