Forex Astrobot is a 100% automated Forex trading system promising a maximum monthly profit of $16,000. As per vendor claims, this system is equipped with state-of-the-art technology that allows it to take advantage of different trading opportunities.
On the official website, the vendor has made a long presentation highlighting the main features of the robot and explaining how it functions. We have several screenshots showing customer testimonials as well as the trading results. There is a live video stream showing the real-time trading performance of the EA. Finally, there is an FAQ section and pricing details.
This EA has been developed by Rita Lasker of the Green Forex Group. Based in Wilmington, Delaware, this group has been manufacturing Forex EAs for almost a decade. Their other products include Forex Daily Robot, Forex Daily Scalper, Forex Supervisor, Fish Forex Robot, etc.
Features
You can use this robot for trading in all currency pairs. It uses the trailing stop loss feature that, according to the vendor, protects your account against risks. If the market conditions are unfavorable, the money management system is activated and the lot sizes are decreased in an attempt to minimize the losses.
This robot also has a slippage mechanism that is activated when there is a drastic shift in market price. The vendor claims that this prevents users from entering the trades with improper parameters. When you purchase this EA, you can use a step-by-step user guide and if you face any trouble with the installation process, you can request remote assistance.
How to Start Trading With Forex Astrobot
Forex Astrobot is available for the price of $99. As per vendor claims, the regular price is $328 and this is a special price that is offered after a 70% discount. If you are not satisfied with the system’s performance, you have a 30-day window during which a money-back guarantee can be availed.
Soon after installing the software, you can start placing trades with it. Support is provided via email and you can get in touch with the support team 24/7. The vendor recommends starting with a small deposit until you get used to the workings of the system. With some brokers, you can start with a small deposit of $200. The recommended time frames are M15, H1, and M30.
The vendor further recommends not running the robot when there are major news announcements. You should use it on pairs that exhibit a strong trend because it doesn’t work well when the market is flat.
Backtests
On the official website, we don’t have any backtesting results for this EA. Now, every Forex EA needs to be tested using historical data before it can be considered trustworthy. Backtests reveal how well an EA can deal with adverse market conditions over a long period of time, and thus traders rely on these test results to get an idea about the future results the robot can achieve. In the absence of backtesting data, it becomes difficult for us to assess its profitability.
Unverified Trading Results of Forex Astrobot
There are many such screenshots on the official website that show the entry and exit points along with the profits that were made. On this particular screenshot, we can see the profits being made while trading in the AUD/USD pair for the M30 timeframe.
Now, these results have not been verified by reliable third-party websites like Myfxbook, FXBlue, or FXStat, so we cannot consider them authentic. Seasoned Forex traders always look for verified trading results because they cannot be manipulated by the vendor to look favorable. Since backtesting results are not available for Forex Astrobot, we cannot compare them with the live trading results.
Customer Reviews
We have several customer testimonials on the official webpage where the users have praised the performance of the system. The vendor has concealed the last name of the individuals who wrote these reviews, which is quite odd. Nevertheless, it is highly likely that these have been manufactured by the vendor since they were not posted on trusted third-party websites.
Is Forex Astrobot a Viable Option?
Advantages
- Money-back guarantee provided
Disadvantages
- No verified live trading results
- Backtesting data not shared
- Lack of strategy insight
Wrapping Up
There are numerous reasons why we don’t consider Forex Astrobot a trustworthy Forex EA. First of all, there is no way to find out the real-time performance of this robot, since the vendor has not shared the live trading results. Additionally, we don’t know if it has been tested using historical data, so it is unwise to invest in an EA solely based on the vendor’s promises.
