FX Oxygen is a Forex robot that promises a stable profit of 20% each month. It is a system that works 24 hours a day and according to the vendor, it has proven results on a verified live trading account.
On the official website, we have a brief presentation detailing what the robot is about and how it functions. We have the live trading results and the backtesting data shared by the vendor, along with the pricing details and a special offer. Finally, there is a contact form on the website that you can use to get in touch with the service team.
We do not have any information on the official website that relates to the vendor or the company history. Nothing is known about their history and background, and we don’t have a physical address for the company headquarters. This makes us wary because we don’t know if the team has built such systems in the past.
Features
The first 500 copies of this Forex EA are being sold at discount. It has been checked using a backtest for more than 10 years. For all of these 10 years, FX Oxygen has shown decent results. It has also been used on a live account by the vendor for around 2 months before it was released on the market. The currency pairs traded by this EA are USD/JPY and EUR/USD.
When you purchase this EA, you get access to a single lifetime license. All updates are free for a lifetime. You are also provided with a detailed user manual containing all the required instructions on how to operate the EA. The support team is extremely efficient and is ready to answer your queries 24/7. However, the vendor has not provided us with any kind of strategy insight, and this might be taken as a red flag by some investors.
How to Start Trading With FX Oxygen
FX Oxygen is currently available for $210. The vendor provides a 30-day money-back guarantee for this product, so you will receive a refund in case the robot keeps suffering from losses. It has two different modes, namely reliable, and highly profitable.
The first mode is useful for those who wish to maintain a steady stream of profit without risking too much of their capital. With the highly profitable mode, however, the risk is significantly higher, but you have a higher chance of making huge gains.
Backtests
Here we have the backtesting data for the EUR/USD pair. The test was conducted from January 2006 to July 2015, and a total of 1425 trades were placed during this time. 730 out of these 1425 trades were won by the robot, and this represents a profitability of 51.23%.
The backtest was conducted with an every tick model and a modeling quality of 90%, so we can get a more or less accurate indication of the profitability. As we can see, the win rate is not too impressive, and the relative drawdown is slightly more than 30%. Therefore, this EA is not suitable for those who want higher profitability with their robots.
Verified Trading Results of FX Oxygen
This live trading account for FX Oxygen has been trading live since 11th December 2018. To date, it has managed to accumulate a total profit of $12402.02. The daily and monthly gains are 0.05% and 1.37% respectively, while the drawdown is quite low at 8.96%. Here also, the win rate is 51%, which is not too impressive.
The average win and average loss for this account are 69.81 pips/$232.96 and -63.19 pips -$179.54 respectively, but the trading history shows several consecutive losses. Most traders look for a system having higher profitability, so we don’t think the results are that decent. Here, the profit factor is 1.34, which is slightly less than what we saw in the backtest.
Customer Reviews
There are no customer reviews for FX Oxygen on any of the popular review websites. This tells us that not many people are aware of this robot’s existence. Clearly, it has a long way to go before it earns the trust of traders.
Is FX Oxygen a Viable Option?
Advantages
- Live trading results verified by Myfxbook
Disadvantages
- Low win rate
- Undisclosed trading strategy
- Lack of vendor transparency
- No customer reviews
Wrapping Up
We cannot in good conscience recommend FX Oxygen for traders. It is a system that uses an unknown strategy, and it seems the monthly win rate is much lower than what the vendor claims on the website. This, combined with the lack of vendor transparency, makes us wonder whether this might be a scam service.
