Bober Lannister is an MT4/5 compatible trading tool that uses complete automation. As per the developer, this is a cross-platform software that can execute only a single trade at a time. It does not use dangerous approaches like the Martingale method. The developer claims that maximum attention has been paid to the forward testing to prevent overfitting.
How Bober Lannister robot works
As per the info on the MQL5 site, Arnold Bobrinskii is the author of this FX EA. He is based in Russia and has more than 8 years of experience in creating automated FX systems. His portfolio includes 3 products and 3 signals. To contact the developer, two telegram channel links are present. You can also use the messaging option present on the MQL5 site.
As per the developer, the MT4/5 tool has the following features that make it competitive:
- It is smooth, stable, and fully automated
- Free live sets are provided for customers
- A minimum deposit of $100 is required
- The settings of the FX robot are user-friendly
- It can overcome high broker commission
- Settings include a portfolio, custom, and GBPUSD beast modes
- Recommended leverage starts from 1:30, 1:100, and 1:500
- This FX EA works on the EURCHF, CHFJPY, EURAUD, GBPUSD, and EURNZD pairs
While the developer mentions that this FX robot does not use risky approaches, he does not divulge the approach used. Instead, there is mention of using a similar lot size based on risk settings without the increase of the previously achieved results. The virtual TP and SL are kept at the same distance and live settings are optimized with the use of real ticks’ info.
A backtesting result is present on the MQL5 site as shown below:
From the above strategy tester report, it is clear that the testing done with a history quality of 94% shows a total net profit of 1.916.908.01 for an initial deposit of 10000. A profit factor of 1.58 and profitability of 65.29% was present. A total of 4953 trades were executed with a drawdown of 22.23%. While the drawdown is not very high, a value above 20% makes a trader cautious about using the system. Further, the testing duration is not provided, which makes it difficult to assess the efficacy.
Bober Lannister trading results
A live signal is present for this FX robot on the MQL5 site. Here is a screenshot of the trading results.
From the above data, we can see the account shows 106.39% growth. For a deposit of $200 and a duration of 213 days, the account that started in March 2021, shows a profit of 212.78 and a drawdown of 37.8%. We find the drawdown is very high, and further, the signal info indicates that 80% of the profit was generated in 12 days. The sudden growth denotes a high-risk approach. A profit factor of 1.15 and profitability of 65.47% are present for the account. Comparing the real trading stats to the backtesting results, we find the drawdown is higher while the profits are low in the real trading details.
Pricing & refund
To buy this ATS, you have to pay $499. Other than a free demo, the developer does not offer info on the features available and there is no money-back assurance. We find the lack of info and the absence of a money-back feature suspicious. Further compared to other similar systems in the market, this product is overpriced. Moreover, the provided price is a discounted rate and the price will increase to $1200. The final price looks exorbitant and from the features available we find the cost is not worth it.
Unfortunately, there are no reviews present of this FX EA on reputed sites like FPA, Trustpilot, etc. However, the MQL5 site has 10 reviews for the site with a rating of 4.8/5. While most of the reviews are positive, we suspect the results may be manipulated as the MQL5 site is the promoter of the product.