Let’s visit the official site to figure out how good it is. A presentation is very short and includes just several pages. The robot has been introduced as the one that provides 10-25% of the monthly gain, but devs forgot to tell that’s only on demo accounts.
The robot has been enhanced by a brand-new modification: “ADX indicator added to FER – ORTUS EA. Entry into position is carried out after breakdown price range for a given number 32 bars in the direction opposite to the breakdown. In order to prevent trade against the trend, the input signals are filtered by ADX on the H4 chart.”
The robot doesn’t use a grid or martingale. The system provides stop-loss and take-profit features for all positions, and it has a function that allows stopping unprofitable trades and immediately open trades in a reverse position.
Forex Earth Robot Features
There’s a list of the robot features.
- High win-rate.
- Profitability showed on the demo account.
- It can be run on all types of accounts (standard, mini, micro).
- Works with any MT4 brokerage company and ECN brokers.
- Allowed to trade through NFA brokers.
- Money-managements system.
- It’s easy to install.
Forex Earth Robot trading results
There provided two demo accounts with the Forex Earth working.
So, what we’ve got. It’s the demo USD account where the robot works through Alpari RU, trades with 1:500 leverage on the MetaTrader 4 platform. The account has been “funded” at $1000. During a half year period, the Forex Earth robot has been managed to grow the gain to +560%. The monthly profit composes +25.45% with high drawdowns (28.31%).
During about half of the year, there have been traded 814 deals and 2386 pips. It looks like the money management system works pretty well. The average win equals loss $22.11/-$23.65 and the best trade $798 almost two times higher than a loss -$469. The average win-rate is between 65% and 67%. The average trade length is 10 hours. The profit factor equals 1.87.
The forex robot works with three currency pairs: EUR/GBP, EUR/USD, GBP/USD.
Forex Earth doesn’t trade day time hours and trade a little when the market starts working.
As we can see, the most tradable currency pair is EUR/USD (55.1%).
Pricing & Refund
The part of the offer is so messy. The robot sells by three prices “Mega Discount” includes 3 real and 3 demo accounts and costs $100. The “Special offer” with open-source code costs $149 and allowed to work with only the EUR/USD currency pair. This package includes one real account and one demo. The seller provides a 60-day money-back guarantee.
Is Forex Earth Robot Worth Trying?
Pros
- NFA/ECN allowed
- Myfxbook verified results
- Good profitability
- Cheap price
- The open-source package on the robot
- The 60-day money-back guarantee provided
Cons
- Lack of backtests
- Lack of strategy explanations
- Lack of user manual
- No free updates
- Only demo account trading results
- High drawdowns
- The robot doesn’t trade mid-day hours
