Agimat Trading system claims to be a high-performance system designed for the MT4, MT5, and TradingView platforms. It uses the scalping approach for identifying the right trade orders. The service offers a dedicated app that supports iOS and Android devices.
As per the vendor, this ATS uses an advanced artificial neural network connected to a data center based in Hong Kong, which it claims is responsible for accurate trade entries.
While the developer Dennis Buchholz provides verified trading results, they seem to be manipulated and there are no backtests and a refund guarantee is not present, all of which makes us suspect that this is not a reliable indicator.
What is Agimat Trading System?
As per the developer, this system is capable of trading currency pairs, commodities, cryptos, CFD, futures, stocks, and metals. There is not much info present on the features of this FX indicator. We could not find info on the currency pairs it works on, the time frame, leverage, compatible brokers, and minimum deposit required. The lack of info raises a red flag.
Official Agimat Trading System website
Dennis Buchholz is the developer of this scalping indicator and founder of the F.X.Tech Group Ltd. The company has offices in Hong Kong and Spain. It is approved by the United States Patent and Trademark Office (USPTO). We could not find a location address or phone contact for the company. A live chat and online contact form are present for support.
As per the website info, the neural network system and the indicator were connected in 2016 and have since then grown independently making accurate orders and profits. According to the developer, this is the only indicator that can work on Binary options and the Forex market via real-time data feed that is derived from a neural network.
How can we use Agimat Trading System?
As with other info provided on the site, we can find minimal details on how the system works. The developer mentions that this indicator does not repaint and that only systems that are pirated and operating without a license repaint and provide false patterns.
A trade copier is offered free with this indicator. The developer claims it provides 90% accuracy and has a very low drawdown. With the automated trade copier, you can get daily scalp trades, copy the money management settings of the developer, and have a 90% accuracy.
Pricing & refund
A one-time fee of €174 is charged for this FX indicator. The price includes two MT4/MT5 account setups on real or demo accounts, updates on the Ultra version of the indicator, 24/7 support, free FX signals, mobile app access, and video guides on installation and trading tutorials. There is no money-back guarantee present which makes us suspect the reliability of the product. When compared to the price of competitor indicators, the price is a bit expensive.
Other than the mention of the scalping and swing approaches the developer does not elaborate on the strategy used. The lack of info raises a red flag. Furthermore, there are no backtests present which makes us suspect that this is not a trustworthy FX indicator.
A real EUR account verified by the FXBlue site for the FX EA of the company is shown here.
From the above screenshot, we can see the system has generated a total profit of 205% with a monthly return of 5% and a weekly return of 1.2%. A profitability of 95.2% is present and the profit factor is 10.51 for a total of 742 trading days. The risk to reward ratio is 2.81and the peak drawdown is 3.9%. The low drawdown and high profits look suspicious.
What are customers saying about Agimat Trading System?
We found 269 reviews for this company on the Forex Peace Army site. Here are a few of the responses from users:
From the above reviews, we can see that the support is very poor and the system shows a high drawdown. The feedback makes the claims of the developer about low drawdown false.
Summary: is Agimat Trading System a trustworthy indicator?Agimat Trading System
Trading Results3/5 Neutral
- Free trade copier
- Verified trading results
- Vendor transparency is not present
- The strategy used is not explained
- Real trading results show suspicious data