FXQuasar is a trading advisor that is powered by a well-known reseller ‒ Forex Store. The presentation should have been written better because there are almost no explanations provided. The vendors insisted that this is a “Cosmic Forex Advisor.”
Features
There’s a list of settings and details provided. We group the most important of them up.
- The advisor was designed to help us with automatic order execution on our terminal.
- It can be applied to MT4 and MT5.
- We can work under NFA rules.
- The devs don’t require us to change our broker.
- It works with any spreads.
- We can work on any type of account.
- The robot executes orders based on a Price Action strategy.
- “The system works with six various sessions. Three of them for Long and three for Short directions.”
- We have “a special risk limiting system, which will protect you from losses that you are not ready to bear. This will let you secure your investment and allow you to regain losses.”
- There are no extra explanations provided.
How to start trading with FXQuasar
The system is available for $279 only. This offer can be acceptable for many. There’s no discount that could help us to decrease the price. There’s one lifetime and an unlimited number of demo accounts, free account switching, a detailed user guide, 24/7 support, and free updates. The offer is supported by a 30-day refund policy.
Backtests
We found an AUDUSD test on the six years of the tick data. The time frame is H1. The modeling quality was 90,00% with 30-pip spreads. An initial deposit was $1000. It turned into $28,764 of the total net profit. The profit factor was 1.82. The maximal drawdown was 32.71%. There were 1362 deals traded with an average accuracy of 73-74%.
Verified trading results of FXQuasar
It’s a pro that the devs have provided us with an account with verified trading results. The advisor works on FXOpen, using technical indicator data from MT4, automatically with 1:500 leverage. The account has a verified track record. It was created on June 06, 2020, and deposited at $2,000. Since then, the absolute gain has become 522.76%. An average monthly gain is 11.56%. The maximum drawdown is 32.77%.
The system has performed 323 deals with 869.0 pips gained. An average win is 38.86 pips when an average loss is much bigger, -101.90 pips. The accuracy rate is 74% for both trading positions. An average trade length is four days. The profit factor is 1.80.
AUDUSD is the only cross pair to work with. Most of the profits were obtained in the short direction ‒ $6275.29.
It works only during the proper hours every day.
Monday with 46 orders is the least favorable day to open orders.
The account is used with medium-high risks of losing a balance.
The system uses x5 Martingale to make even more profits which is risky.
The robot works completely unpredictable this year.
People feedback
We have no testimonials written about the system. So, trusting it or not is completely up to us.
Is FXQuasar a viable option?
Advantages
- Backtest reports shared
- Trading results provided
- A refund policy existed
Disadvantages
- No risk advice given
- No money management advice provided
- The robot uses Martingale to trade
- No people testimonials published
- Lack vendor transparency
Summary
FXQuasar is a trading solution that works with a price action and Martingale strategies on a real account. We don’t know if clients could repeat these trading results and make profits.
