In this post I will be reviewing the RoFX.net automated forex trading system. The RoFx service was created by a team of software developers and traders who are located in London. The developers have published results on the RoFx website since 2009. They allow you to participate in automatically trading the forex markets without any previous trading experience required.
What is RoFx?
RoFx is an automated trading system. Automated trading involves a piece of software that has been specifically developed to scan the markets for trading signals based on a built-in algorithm. When it finds these signals, the software can place and manage trades on behalf of the user.
This means that traders of all experience levels can effectively trade the market hands-free. Therefore, you don’t require years of experience learning how to trade online but of course should still be aware of the significant risks involved.
RoFx does all of the hard work by conducting detailed market analysis 24/7 to try and identify potential trade setups. They have a premium exclusive coverage of losses feature using reserved funds for unprofitable days. The start deposit is claimed to be secured by the reserve fund. You can find out more details about this process on the official RoFX.net website.
Since 2009, RoFx boldly claims to have accumulated an impressive profit of over 800%. Myfxbook is the professional automatic verification system that tracks the RoFx trading performance, demonstrating real-time trading and verified results. However, the developer states that Myfxbook tracks only one of more than 100 RoFx accounts. According to them, accounts execute the same deals, trading on diverse volumes.
RoFx Trading Strategy
RoFx is very easy to get started with. You simply register your managed forex account, the RoFx forex robot generates fully automated trading signals, these forex signals are then reproduced on your account.
The trading implemented into RoFx is based on neural networks (AI – self-learning) which can allow it to learn from the market as it progresses and helps to ensure that it can keep up to date with the ever-changing market conditions.
The self-learning neural network to ensure that not only do the RoFx robots continue to work tirelessly, but they also learn at the same time. It means that the robots know more about trades this year than last year, or even last week.
The automation helps to ensure that human emotions do not have a negative impact on your trading and that the trading plan is always adhered to.
Deep within the algorithm, RoFx uses a combination of the Elliot wave trading principles and Ichimoku analysis, these are amongst other technical and fundamental factors considered by this unique automated forex trading system.
The principles of the Elliot wave have been around since the 1930s and are still relevant in Forex trading today. It is a type of technical analysis used to study market cycles and then forecast market trends, using a wide range of factors such as investor psychology and highs and lows in prices.
The Ichimoku Cloud is a technical analysis method that was created by Japanese journalist Goichi Hosoda in the late 1960s. The Ichimoku chart shows support and resistance levels, as well as other essential information such as trend direction and momentum. Compared to standard candlestick charts, the Ichimoku Cloud contains more data points, increasing the accuracy of forecast price moves.
The Ichimoku Indicator includes many lines and information that may be complicated for inexperienced traders to understand. However, RoFx conducts this complex analysis behind the scenes fully automated.
Inside the self-learning system lay algorithms which analyse charts and information in many ways to choose the most profitable and least risky trading strategy.
Trading reports are available in your account everyday where you can see all transactions history.
How does RoFx Work?
As explained above, RoFx is a fully automated way to trade forex online. The process to get started is as follows:
- You register your managed forex account
- The RoFX robot generates trading signals
- These trading signals are automatically copied to your trading account
- You receive any profits there may be at the end of the day
The simplicity of the RoFx service makes it easily accessible to users of all experience levels. However, this does not mean that it is suitable for everyone. It is imperative to make sure that you have a clear understanding of all the risks involved with trading online. Never ever trade with more than you can afford to lose and keep in mind that past performance is by no means any guarantee of future results.
You can withdraw your available balance any time. The minimum withdrawal amount is 1, 000 USD/EUR. Lesser amounts can be withdrawn in BTC by using an option “Exchange” in your account menu. In case you make a withdrawal when your package has expired, bank commission is paid by the company. In case of a non-expired package withdrawal, bank commission is paid by the recipient. RoFx doesn`t charge any commission from withdrawals.
There is a good variety of packages available to choose from on the RoFx website. You can opt for the package that is the most convenient for you and your trading goals. The packages vary according to the deposit required, duration, profit share, performance fee, etc.
- Advanced compound package: profit compounding by default without updating the trading period – add funds option do not roll over trading period of package
- Basic packages
- No lock packages
There is a profit margin calculator on the RoFx website where you can experiment with different inputs including packages, duration and value.
RoFX Customer Feedback
This quote was kindly provided by the RoFx team from a client: “They validated my account within 1 hour. I decided not to put all eggs in one basket and got Easy start with 0,9 BTC and 5000 Euro Easy Start. BTC transfer took like 30-40 min. I saw my account funded surprisingly fast, that really surprised me, cause when I used another similar service, money transfer was like pain in the ass. So I know what I’m talking about! Bank transfer took 5 days but it is pretty normal. They covered bank commission by adding it to my account.”
As with any form of investing or trading online, you should do your own due diligence with the RoFx automated forex trading solution and see if it is something for you.
There is full support provided and trading reports available on the RoFx website along with an abundance of frequently asked questions.
You can get started with any account balance and even signup for a free account if you wish to trial the service with virtual funds before committing. RoFx does not demand any special documents for collaboration. The only document you are to submit is copy of your Driver’s License or ID in order to validate your account.
There are no downloads required to get started and getting setup is a relatively easy process, taking just 5 minutes. Just go careful if you are considering this and make sure you fully understand how it works.