In this Forex Robotron Review, I will be taking a detailed look at the excellent Forex Robotron EA. This forex robot is one of the few that I have seen stand the test of time. It has been improved greatly over the years and continues to receive very positive feedback as you can see from the user testimonials on the Robotron website. Robotron is one of the best forex robots that I have personally used for reasons we will cover within this Forex Robotron EA Review. It also has excellent customer support with a loyal user base.
The Forex Robotron website shows myfxbook verified performance over a long period of time. Robotron is also one of the only forex robots I have seen that has been developed and tested over so many years, constantly being upgraded based on user feedback and findings from the developer who must be respected for the sheer amount of dedication put into the software.
Forex Robotron trades on multiple currency pairs with the exact same settings. This shows that it incorporates a flexible trading strategy that has not been over optimized. It has numerous built in features to ensure that it can filter potentially unsuitable broker and market conditions. This includes max spread/slippage filter amongst others implemented within its trading algorithm.
The Robotron EA has a dynamic close condition that attempts to adapt to the current market conditions. Thus, it will exit a trade if it believes that there is an opportunity to do so. This can give it more flexibility when compared to some other forex robots that only use fixed levels.
Forex Robotron EA Trading Strategy
Forex Robotron primarily trades ranging markets with a combination of price action and technical analysis. It also implements dynamic money management and trade filters so that Robotron tries to anticipate market movements in advance.
Robotron trades towards the end of the NY trading session up until the Asian trading session. The GMT trading hours are automatically calculated for you within the code.
Robotron can be used with the default settings, you would just need to adjust the lot or risk size to a level that you are happy with. The more experienced traders are free to experiment with the settings on demo accounts or in the MT4 strategy tester. I would be very surprised if you can better the developers default settings with your own bespoke set files.
Forex Robotron can be used by any level of trader whatever your experience as it is fully automated. You just need the MT4 trading platform and a forex broker account. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
It is worth mentioning that Forex Robotron does not hedge, there is no martingale or grid strategy and no arbitrage.
The Forex Robotron EA settings are externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
For those of you who have the experience, you are free to experiment with the Forex Robotron EA settings to develop your own bespoke set files. I would use the MT4 strategy tester to backtest the software across different currency pairs and chart timeframes to discover unique combination of settings that match my trading style and goals. There are recommend currency pairs to use but that does not mean you cannot run it on other financial instruments. However, if you do wish to experiment with the Forex Robotron software, then you may want to do so on a demo account to begin with and see how things go.
Forex Robotron EA Back Testing
The Forex Robotron EA has been back tested over many years on multiple currency pairs. Trading multiple pairs can add diversity to a trading portfolio.
The historical results show that the Forex Robotron Expert Advisor can perform well over 15+ years of data using the same settings on multiple currency pairs. This is very refreshing as I often will see robots that have been individually optimized for separate currency pairs over a short-term time frame.
Importantly, these back tests were conducted in the MT4 strategy tester using real tick data, variable spreads, commissions, swaps and slippage. This ensures maximum modelling quality at 99% and the best possible back testing conditions possible in MT4.
I often see developers back test with 90% modelling quality without tick data or any consideration given to the spreads, commissions, swaps or slippage. These are all factors that can have a significant impact on the performance of any trading system.
Forex Robotron EA Live Results
There are some Myfxbook verified accounts where you can see the latest Forex Robotron EA results. This can be a good way for you to get an idea of how the robot trades and analyse the latest statistics. Up to date results are one of the most important things too look for when choosing a suitable forex robot. Without them, we wouldn’t have any idea of how good or bad a system has been performing in the current market conditions which are constantly evolving. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Robotron EA Summary
The Forex Robotron EA is hands down one of the best forex robots in my humble opinion and I have tested practically all of them! The developer has spent many years “perfecting” it and credit should be given for this. The user feedback is very positive and the myfxbook accounts have been running for a long time.
As with any forex trading system, I would personally run the Robotron EA on an ECN forex broker as I find they can have some of the best trading conditions. This can include tight spreads, reliable execution speeds and competitive commissions. I deem these to be important factors for any automated or manual forex system.
Robotron comes with an easy to understand instruction manual for a fast setup and is fully automated so you can set and forget it. The customer support is also widely regarded as being amongst the best.
Without sounding like a salesman, it is not clear how much longer the Forex Robotron EA will be commercially available. Thus, if you want a copy, now would probably be a good time to get it. In all honesty, this code could be getting sold for a huge price tag when you look at what it has achieved and the possibilities. As evident by the verified historical results.
I hope you have enjoyed this Forex Robotron Review. If you want to get yours, you can download Forex Robotron by clicking the link to the official website below.
Forex Robotron EA
$299
Pros
- Multiple Currency Pairs
- Customisable Settings
- Dynamic Money Management
- Verified Accounts
- Full Support
- Lifetime Updates
- Detailed Instructions
- Excellent Support
- Fully Automated Forex System
- Backtests Available
Cons
- MetaTrader 4 Only
- Works Better With Low Spreads
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
