Forex Astrobot Review: Does it Win or Lose?

Forex Astrobot

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.

Astrobot Pricing

Trading Strategy

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. 

Astrobot Trading Strategy

Current Performance

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.

Astrobot customer review

What We Like and What We Dislike

The following table summarizes all the things that we like or dislike about Forex Astrobot.

LikeDislike
30-day money-back guaranteePotential scam service
No trading records
No verified live results

Summary: Is Forex Astrobot a Trustworthy EA?

Summary: Is Forex Astrobot a Trustworthy EA?
2 5 0 1
There are many negative points which hint that Forex Astrobot is an unprofitable and fraud system. Therefore, traders should beware of the service and keep their hard-earned money away from such expert advisors.
There are many negative points which hint that Forex Astrobot is an unprofitable and fraud system. Therefore, traders should beware of the service and keep their hard-earned money away from such expert advisors.
2.0 rating
2/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    2.0 rating
    2/5 Bad
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    2.0 rating
    2/5 Bad
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post
galileo fx

GALILEO FX Review: Does it Win or Lose?

Next Post
Forex Diamond Review

Forex Diamond Review: Does it Win or Lose?

Related Posts