Forex Robotron Review
This Forex Robotron review explores a high-quality automated trading program with proven results. Designed for use with MetaTrader 4, it can be used with hundreds of popular STP/ECN brokers and is perfect for beginner and veteran traders alike.
Forex Robotron is tested using real tick data, real variable spreads, real slippage and trade commissions. The development team have also spent years programming and tweaking this forex robot, which means you can trust it to generate the best possible results.
Forex Robotron uses a tight stop loss, which also sets it apart from many other trading robots. This reduces the risk significantly and protects your capital by limiting your exposure.
Continue reading our review of Forex Robotron to learn more about how it could help to improve your trading activity.
How does Forex Robotron work?
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.
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. According to the developer, these are the hours during which Forex Robotron shines in terms of trading volume and accuracy.
The automated trading software comes complete with dynamic profit and loss features. When activated, the dynamic loss feature will close a trade as soon as it goes into a loss. The dynamic profit feature, on the other hand, will ensure the robot exits at the best possible time.
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.
How much does Forex Robotron 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.
The developer offers a 30-day, no-questions-asked money-back guarantee, which is definitely a point in their favor. You can test this forex trading robot with no risk as, if you aren’t pleased with the results, you can claim a refund.
Do note, however, that not all trades made with this robot will be profitable. The developer points out that you may even have weeks where you don’t make a profit, as that’s the nature of the market. In the long term, however, Forex Robotron is valuable and so you should give it a fair testing period.
When compared to other robots, this review of Forex Robotron found the software to be competitively priced, especially considering the results.
When should I use Forex Robotron?
Our Forex Robotron review team recommends this software to novice and veteran traders alike. It’s reasonably priced, especially if you only intend to trade on one account.
Complete beginner traders, however, shouldn’t attempt trading with this automated forex trading software until they have at least a basic understanding of trading.
Otherwise, Forex Robotron is a great tool that will allow you to make a profit over the long term without you having to spend hours in front of a screen.
Pros and cons of using Forex Robotron
- Includes a strict stop loss feature to protect your capital
- Adjustable trading style to suit any risk appetite
- Easy to install and to use
- All packages include a lifetime of updates and support
- Dynamic take-profit and stop-loss features maximize profit and minimize losses
- Limited trading window and currency pairs could result in missed opportunities
- No explanation of the strategy the robot uses to trade
Is Forex Robotron easy to use?
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 difficult to use.
Forex Robotron is a highly recommended automated forex trading system suitable for any trader. 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.
Best Online Forex Brokers – List
|Broker||Min Deposit||Welcome Bonus||Rating|
|$ 5||$30 No-Deposit Bonus**||Review|
|$ 100||up to $5000||Review|
**Trading bonus are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.
See a Full List of Forex Broker Companies