What’s up with an FXMATH X-TRADER Robot?
We’ve got an FXMATH X-TRADER Robot to review. The presentation starts with a statement that the robot is a perfectly automated algorithmic system.
The presentation itself looks completely unprofessional. We’ve got hard times, having tried to find what’s behind the system.
The list of EA’s features:
- 1:100-1:1000 leverage.
- MT4 compatibility.
- USD/JPY symbol.
- “Adapts itself to changing market conditions” (?).
- Fully-automated trading.
- Cent, Micro, Mini, Standard, Pro, or ECN Account.
That’s all we know about it.
It’s a USD/JPY backtest on an H4 timeframe. The modeling quality is 90%. The initial deposit was $99. The total net profit was $22787. The profit factor was 21.92. There have been performed 327 trades. Shorts’ win-rate was 92%. Longs’ win-rate was 100%.
It’s a real RUB account. So, the dev is from Russia. It explains why the presentation was so poor.
In general, the EA shows good results. The robot provides +18.7 of the monthly gain and +4.2% of the weekly one. The win-rate is 72.6%. The profit factor is high and equaled 2.52. EA doesn’t trade frequently.
As we can see, there’s an insane risk of ruin the account (82.8%). The average trade length is about 40 hours.
As you can see, these results, probably, were reached by performing arbitrage trading.
It’s a day sheet. There were 4 trades that tripled the balance.
We don’t think this feedback is real.
There’s another one on the ForexPeace Army forum. The dev didn’t comment on this case.
We’ve got three packages on the board. The Silver one costs $100. We’ll receive updates and support, one real and one demo accounts license. For $125, it’ll be 2 real and 2 demo accounts licenses. The Diamond package costs $150. We’ll get 3 real licenses and 4 demo ones.
- Backtest provided
- Real account trading results
- No strategy explanations provided
- No settings explanation provided
- Results kinda fake comparing to how the robot should act like
- Fake people feedback
- Ignoring client feedback at the forum
- No money-back guarantee