HAS Forex Robot Review: Does It Win or Lose?

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HAS Forex Robot

HAS Forex Robot is a Forex automated trading system that claims to have generated a total of $64,931 during the last 30 days. According to the developer, this system has been built after years of trial and error and it doesn’t have a steep learning curve. 

This is one of the most affordable systems available on the market. It works with all brokers that support the MT4 trading platform and is compatible with several timeframes. On the downside, there are verified backtests or live results for this system. Also, we don’t have enough information on the parent company.

What is HAS Forex Robot?

On the official website, the vendor has not properly explained the features of the system. There is a total of eight timeframes the EA is compatible with. Each timeframe has its own structure. The higher timeframes overrule the lower timeframes. Some of the compatible currency pairs include EUR/GBP, EUR/JPY, CAD/CHF, EUR/USD, AUD/NZD, CAD/JPY, GBP/CAD, etc.

Official HAS Forex Robot website 

The vendor highlights some of the statistics related to the robot on the official webpage. We have a short description of how it works and what it offers. You can also find detailed explanations for the trade logic and the trading theory. 

This is a product from the Forex Robot Trader team. We know very little about this team, except for the fact that it was started by an LA-based ex-gambler called Don Steinitz. He is supposedly supported by numerous expert programmers who are well-versed in the MQL language. There is no contact information available for the company.

How can we use HAS Forex Robot?

You can run the robot on any computer. It simply needs to be loaded on any number of currency pairs of your choice. The expert advisor trades in an unlimited number of currency pairs simultaneously. It can execute all buying and selling decisions without manual intervention. 

Pricing & refund 

You can purchase this robot for only $49, which makes it extremely affordable. However, the vendor does not have a money-back guarantee policy.

Trading strategy

HAS Forex Robot uses the Heiken Ashi Smoothed indicator to judge the change in volatility and changing market sentiment. The higher the wick and shorter the wick, the more likely you are to see a change in market direction. It also follows Gann’s concept that tells us that the market is essentially geometric. You will be trading the shortest timeframe, but there will be two longer timeframes to put each one into proper perspective. Within each timeframe, there are unique support and resistance zones, and when they converge, the chance of success is enhanced. 

Unfortunately, the vendor has not shared the backtesting results for this expert advisor. Without backtesting results, it is not possible for us to analyze the long-term performance of the system. Also, we cannot compare them with the live performance.

Current performance 

Growth chart of HAS Forex Robot on the official website
Growth chart of HAS Forex Robot on the official website

There are no verified trading accounts for this EA on trusted third-party websites. Here, we have the trading results for the month of April 2022. As you can see, the robot has conducted 347 trades for this month, winning all of them and generating a total net profit of $49220.60. 

Trading results of HAS Forex Robot on the official website
Trading results of HAS Forex Robot on the official website

The vendor has shared the trading history in tabular format. Here, we can see the trade opening time, closing time, type of trade, lot size, price, stop loss, take profit, commission, taxes, swap, and profit. 

What are the real customers saying about HAS Forex Robot?

User reviews for Forex Robot Trader on Trustpilot
User reviews for Forex Robot Trader on Trustpilot

While there are no reviews for this EA, in particular, Forex Robot Trader has a very poor rating of 2.5 out of 5 based on 13 reviews. Several users have complained about the EAs blowing their accounts. Some have also stated that the support team is not responsive. 

Summary: is HAS Forex Robot a trustworthy EA?

HAS Forex Robot
2.4 5 0 1
HAS Forex Robot is not supported by verified performance statistics, so we don’t know for sure that it can generate steady profits in the live market. There is not enough information on the developers and there is no money-back guarantee policy protecting your investment. Also, the developer has not shared the historical test results for the robot.
HAS Forex Robot is not supported by verified performance statistics, so we don’t know for sure that it can generate steady profits in the live market. There is not enough information on the developers and there is no money-back guarantee policy protecting your investment. Also, the developer has not shared the historical test results for the robot.
2.4 rating
2.4/5
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
    4.0 rating
    4/5 Good

Like

  • Extremely affordable compared to others
  • Supports multiple Forex pairs

Dislike

  • Poorly rated parent company
  • No verified trading results
  • Lack of vendor transparency
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