The Forex Robotron expert advisor (EA) operates on the MetaTrader 4 trading platform. It is one of the forex robots that has been in development and testing for the longest amount of time, spanning over 15 years at this point. Over the course of that time period, it has greatly improved, demonstrating that it is capable of remaining steady and consistent despite shifting market conditions. This is supported by the 99% modeling quality backtests conducted by Robotron and the verified accounts maintained by Robotron on Myfxbook. The product’s development team has put in countless hours of work to ensure that it is still among the most effective trading robots that are currently on the market for business purchase. In this section, we will take a more in-depth look at the most important aspects of the Forex Robotron EA, including the trading strategy that it employs and the results of its trades.
Pros
• Fully automated forex robot
• Trades on numerous currency pairs
• Configurable settings
• Years of genuine live results that have been verified
• 99% accurate modeling quality backtests
• Universal settings that prevent the robot from being over-optimized
• Unlimited licenses
• Very reasonable pricing
• Operates most effectively on brokers that have minimal commission fees and narrow spreads
• Only MetaTrader 4 is supported.
Strategy
The algorithm that is embedded into the Forex Robotron EA enables it to execute a one-of-a-kind trading strategy. Its primary function is as a forex scalping robot, and its primary goal is to open and close trades for a small number of pip differences during periods of low market volatility. As a result, trading occurs after the closure of the New York session and before the start of the Asian session. This does suggest that you are likely to get greater results with a forex broker that has tight spreads, cheap fees, and minimum slippage. However, this does not mean that you are certain to achieve better results.
The software was developed to trade currency pairs such as EUR/USD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/USD, USD/CAD, and USD/CHF. Other currency pairs include EUR/JPY, GBP/USD, and USD/CAD. If you feel confident in your knowledge and abilities, you can try your hand at trading in other currency pairings and different trading instruments. In any other case, you are free to use it with the default settings; all you need to do is change the size of the lot and the risk to something with which you are comfortable.
Features
Charts of currency pairs can be analyzed using the MT4 platform by Forex Robotron, which looks for trading signals. You have the option of configuring the Robotron EA to either send you an alert whenever it discovers a possible trading opportunity or you may empower it to place and handle trades completely automatically without any input from you.
In order for it to function properly, you will need to have the MT4 desktop platform operating on your computer while the market is open for trading. If it is not always possible for you to keep your machine operating, you always have the option of using a Forex virtual private server (VPS) to run your trading platform remotely around the clock.
The following is a list of some of the most important features that the Forex Robotron EA has to offer:
ATR Filter
There is a filter called an average true range (ATR) built in, and its purpose is to try to prevent significant market volatility, which may not be suited for the strategy, which functions most effectively in a ranging market with moderate volatility.
The condition of dynamic close
An novel dynamic close setting is available in Forex Robotron, and it may either be set to true or to false. After being triggered, the robot will evaluate the state of the market and determine whether or not it is optimal to depart the market. Because of this, it is superior to other forex robots, many of which use rigid trading algorithms with predetermined levels that do not adjust to the price action of the currency.
Money Management
There is a money management system that allows for complete customization, and it consists of lot size, risk percentage, stop loss, take profit, and the dynamic closing condition that was discussed earlier. You are free to alter the levels in accordance with the manner of trading that best suits you.
Business & Finance:
Start and stop times for the Forex Robotron EA can be changed so that it will only trade within the specified time periods. The trading software executes trades around the close of the New York trading session by default. This is done in an effort to identify reversal trades that take advantage of the reduced market volatility that occurs during this time.
Trading Days
You have the option of programming the robot to refrain from trading on Sundays and Fridays. Because significant gaps over the weekend can result in greater losses than usual, some traders delay closing out their positions in the foreign exchange market before it is officially closed on Fridays. Trading in the foreign exchange market on Sunday mornings, when it is open for business, might result in wider spreads and less favorable trading circumstances.
Maximum Spread & Slippage
If the broker circumstances are not adequate, it can have a significant impact on the performance of the trading system, regardless of how good the trading system itself is, whether it is manual or automated. This is especially true when utilizing a tactic known as scalping. The maximum spread and maximum slippage filters are both put to use at this point in the process. You have the option of configuring Forex Robotron such that it will not trade if the spread and slippage offered by the broker are too high.
Magic Number
Because of this feature, you are able to specify a one-of-a-kind order id for each chart’s buy and sell orders, hence preventing any conflicts between the trades. The Robotron EA is able to differentiate between charts, which is a feature that might be beneficial if you want to experiment with different settings on the same currency pairs without having them conflict with each other. It is also useful if you are employing the services of additional forex robots on the MT4 charts that you use.
Minimum Profit
Due to the fact that the dynamic closure condition has the potential to leave a position before the take profit target is reached, some users may find it beneficial to use this setting in order to establish a minimum profit target. In this approach, the position will not be closed until it achieves the minimum profit value, regardless of whether or not the dynamic close feature is engaged.
Sleep Timer
Some forex robots may continue to initiate a trade immediately after suffering a loss in an effort to recoup their previous profit. This can be dangerous, particularly if the market is moving rapidly in the opposite direction of the trades. However, the sleep timer will disable the EA for a predetermined amount of minutes in order to prevent it from joining a market that is moving too quickly.
Trading That Is Aggressive
Forex Robotron, much like other automated trading systems, may be rather selective when it comes to the trading signals it uses. However, Forex Robotron only operates during certain hours of the day. Others would like have more action, despite the fact that many traders are patient and view this as a positive because the EA is hunting for trades with a high probability of success. The purpose of implementing the aggressive trade setting is to try to raise the activity level of the robot while still preserving its win rate.
Results
When it comes to selecting an appropriate forex robot, one of the most significant factors to take into consideration is the performance of the robot. We are interested in gaining an understanding of how a system has operated over an extended period of time. Backtests performed on historical data and real accounts that have been verified are the two primary kinds of results that we consider. Having said that, let’s take a look at the results that the Forex Robotron produced.
Myfxbook Forex Robotron Forex Robotron
There are a number of authentic certified Forex Robotron Myfxbook accounts that have been operational for a number of years and demonstrate a very amazing performance over the long term. Because the program switched brokers in order to take advantage of more favorable trading conditions, some of them haven’t been updated in quite some time. This is something that we touched on earlier in this Forex Robotron Review.
Backtesting Forex Robotron Using the MT4 strategy tester, you may get a sense of the historical performance of a forex robot such as Robotron by running backtests on the robot. The creators have provided a variety of backtests covering all of the various currency pairings that it trades. These backtests are done for a considerable amount of time, but more significantly, the Forex Robotron backtests have a quality of 99% in terms of their modeling. This is a significant improvement over the vast majority of forex robots that we have researched, which only have backtests with a modeling quality of 90% and can produce historically inaccurate outcomes.
In addition to the great quality of the Robotron backtests, each of them used genuine tick data, included a commission fee, and had varied spreads. Again, the developer has gone above and above to deliver the best possible results from the MT4 strategy tester. Rather than setting up the backtest just to maximize historical performance, the developer has set it up to provide the best possible results. We are of the opinion that any forex robot developer should make an effort to deliver backtests with a modeling quality of 99% and conditions that are as realistic as they may be.
Conclusion
It has been difficult to locate a forex robot that can outperform Robotron in terms of endurance, consistency, and customer service. It is evident that the developer has spent a significant amount of time and effort developing the robot, which is shown by the multiple updates that have been published to guarantee that it is still applicable in light of the current conditions in the market. They are still working nonstop to make the Robotron EA even better by compiling information from actual results and conducting in-depth backtesting in the most optimal MT4 strategy tester setting they can find. Having said that, because to the volatile nature of the foreign exchange market, it is impossible to provide any kind of assurance on the future performance of this forex robot or any other forex robot for that matter.
FAQ
What exactly is the cost of the Forex Robotron?
The cheapest Forex Robotron package costs just $99, and the only difference between the various Forex Robotron packages is the amount of genuine account licenses that are included. Each and every bundle comes complete with unlimited demo account licenses, free lifetime upgrades, and comprehensive support.
Where can I get a copy of the Forex Robotron to download?
You can get the software by going to the Forex Robotron EA website and downloading it.
What sort of assistance with customer service does Forex Robotron provide?
The creators of Robotron offer support by email around the clock. Customers routinely comment on how prompt and effective the support provided by Robotron is, which is evidence that the service provided by Robotron is among the best that can be found elsewhere in the foreign exchange sector.
When trading using the Forex Robotron, who are the most reputable brokers to work with?
Any forex broker that provides access to the MetaTrader 4 trading platform is suitable for use with the Forex Robotron EA.
What is the bare minimum that has to be invested in order to use the Forex Robotron?
This trading robot does not have a minimum deposit requirement, therefore anyone can use it right away. You should only use an amount that you are not only confident with, but also have the financial means to lose.
Is there a catch with the Forex Robotron EA?
Forex Robotron is not a con, that much is certain. Even if it was the result of a great deal of labor over a long period of time, there is no telling how well it will perform in the years to come. Regardless of how accurate a forex trading robot may be, there is no one who can predict the forex market with a certainty level of one hundred percent.
Is there a cost associated with using the Forex Robotron?
You might be able to find someone who is willing to give away a free version of the Forex Robotron EA by spending endless hours conducting a tedious search, but there is a good chance that it will be out of date, unsupported, and perhaps harmful.
In which currency pairs does the Forex Robotron engage in trading?
The EUR/USD, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/USD, USD/CAD, and USD/CHF currency pairs are the ones that have been optimized for trading by the program. Other currency pairs include: EUR/JPY, GBP/USD, USD/CAD, and USD/CHF. Having said that, you are free to conduct your tests on any trading instrument of your choosing.
What are the optimal parameters for the Forex Robotron?
The default settings that come with the Forex Robotron are generally considered to be the most optimal. Nobody will have a deeper understanding of the robot than the people who built it. They would have invested a significant amount of time and effort over a long period of time in order to optimize the settings so that you wouldn’t have to.
Is it possible to alter the settings of the Forex Robotron?
When you link the EA to your MT4 charts, you have the freedom to play with the parameters if you have the necessary expertise and experience. This is because the settings are customizable through external inputs. On the other hand, to get a feel for how things operate, you might want to begin by testing out your configurations on a sample account. Backtesting the robot in the MetaTrader 4 strategy tester using your own unique configuration of settings is another option for getting an approximation of the robot’s performance in the past.
In order to use the Forex Robotron, what do I need to have?
You will need to have an account with a forex broker and the desktop platforms for the MetaTrader 4 trading platform. The majority of forex brokers will permit you to open a demo trading account at no cost and provide you with free access to download MT4.
How much cash may I potentially gain by using the Forex Robotron?
There is not the slightest bit of assurance that can be provided regarding the performance of any trading robot. Nobody can accurately foresee what will take place in the future because of the unpredictability that is inherent to the financial markets. Any person who claims differently is someone we will be very skeptical of and will most likely avoid. You should perform your own research and make sure that you have a complete comprehension of all of the potential dangers before utilizing any automated forex trading system like Forex Robotron.
