Forex Astrobot is a fully automated system that uses trailing stops and money management techniques to stay profitable. However, we can not confirm claims made over the website as there are no backtests or verified live trading records.
What is Forex Astrobot?
Forex Astrobot has the following features:
- A fully automated system that uses proper risk management
- Step by step user guide and remote assistance option
- Made for all types of traders
It is interesting to note that the robot works on all currency pairs on M15, M30, and H1. Most of the expert advisors even fail on a single FX pair and time frame. There are no recommendations in terms of a broker. The developers suggest using a minimum of $200 in deposit at the beginning.
Official Forex Astrobot Website
Forex Astrobot website tries to convince traders through catchy sell-off images that claim the robot has huge profits. There is no information present on who the actual developer of the expert advisor is. They claim that increasing the lost size would increase the winning ratio from 25 to 75%, which is absolutely ridiculous. An upscale in position size would only add risk to your account. We can not expect the system to work based on the claims by the vendor.
How can we use Forex Astrobot?
To properly use the system, you have to place the ex4 file in the experts directly of your meta trader platform. After that, enable auto-trading and put the robot on respective charts to begin trading. Unfortunately, the system currently works only on the MT4.
Pricing & Refund
The standard edition of Forex Astrobot is available for $99, while the ultimate is $228. The latter comes with options such as profit multiplication mode, advanced algorithm, and remote management. If you are not satisfied with the purchase, there is a 30-day money-back guarantee. In contrast with other robot developers in the market, the asking price is super high. For a system that has no verified records, the cost should not exceed more than $50.
The developers of Forex Astrobot do not mention what kind of trading strategy the robot employs to profit. They only stated that the expert advisor uses an advanced algorithm to scan the markets while using proper money management techniques and taking slippage into account. Trading history on their website that is edited shows that the system works with a risk/reward of 1:2. Furthermore, it opens and closes the trades on the same day showing a day trading approach.
There are no life trading records available on noted tracking websites such as Myfxbook. It looks as if the developer is trying to hide something by editing the trading history and removing the performance statistics. Lack of transparency raises a lot of red flags for Forex Astrobot. It leaves us the impression that the seller is trying to scam people by showing fake images on the website. In reality, the expert advisor would not have worked and may have hit margin calls.
What are the real customers saying about Forex Astrobot?
There are no customer reviews available on noted review forums like Trustpilot and forex peace army. However, there is a general discussion on XP farming where people state that you should be cautious of Forex Astrobot. The conversation is under the scam alert section.
What We Like and What We Dislike
The following table summarizes all the things that we like or dislike about Forex Astrobot.
|30-day money-back guarantee||Potential scam service|
|No trading records|
|No verified live results|
Summary: Is Forex Astrobot a Trustworthy EA?Summary: Is Forex Astrobot a Trustworthy EA?
Trading Results2/5 Bad