Let’s look at the work of another robot named FX Seven Pips. By going to the presentation site, we see a neat presentation that talks about the features of this assistant.
How FX Seven Pips Robot Works
The robot has got default features like “free (?) installation”. It looks like nonsense. Should we pay for installation, so that is introduced for us like an advantage? The robot works well on both account types: demo and real ones. The forex EA has been developed to run on the MetaTrader 4 platform and has an advanced money-management system that doesn’t let us lose our account.
Applied strategies
Before going live the robot has been backtested
The forex robot has traded USD/AUD account. The first deposit was $99. The total net profit became $9096. The profit factor has been very high and equals 11.16. The robot managed to run on a low level of drawdowns (14%).
FX Seven Pips robot trading results
FX Seven Pips robot runs the real CNH account for about two months.
The weekly return is +10.1%, the monthly one is +50%. The profit factor is overwhelmingly high and equals 14.86. The robot runs for 57 days.
As you can see from the data, FX Seven Pips doesn’t open many trades. During two months, there were performed just 26 ones.
The robot is proven to try just one currency pair: USD/CAD.
FX Seven Pips robot is wise effectively on buying (91%) than on selling (73%).
The gross and net profits go down in December 2019, comparing to November 2019. The November’s gross profit has been CNH110, the December’s gross profit is just CNH51.
The robot runs just one strategy that can’t work in any market situation.
The win rate is very high like for a brand-new robot (80.8%).
Pricing And Refunds
FX Seben Pips presented in three packages. The basic one for $110 offers us: one real account, one demo account, 100% fully-automated trading, lifelong license, and free updates & support. The standard package for $130 includes 2 real and 2 demo accounts. The pro package includes 3 real and 3 demo accounts.
Other notes
The devs don’t provide any kind of money-back guarantee system to protect our account or so, as well as, there is no myfxbook account to check it up.
