Robocopy FX introduces itself as a company that runs two trading strategies on two split accounts. They try to convince us that if we run out of time, copy trading their signals is a way to go. The supported claim is that “We send a signal to your Metatrader 4 platform, our order is automatically executed in your account.”
Features
- The system runs two strategies on the Robocopy FX1 and Robocopy FX2 real accounts.
- The intel about strategies is not disclosed. So, we have to trust them blindly. It’s not professional at all.
- The most frequently traded currency pairs are GBP/USD, EUR/USD, and USD/JPY.
How to start trading with Robocopy FX
The presentation doesn’t include much information to discuss:
- We can copy these signals to MetaTrader4 only.
- The number of currency pairs to trade is from eleven to six, depending on the account.
- The robot protects open orders by placing Stop Loss and Take Profits.
- We haven’t found the third account that we can copy. There are only two main accounts.
- We’ve got a screenshot of copy trading software to understand what parameters can be customized. The list includes money management mode, Trade Pairs, Lot Sizes, Lot Multiplier, Risk to Reward Ratio, Lot money ratio, and Risk money, Risk in percent to the account balance, Accept Trading Signals.
- We can see unproven trading results from the previous accounts.
- We have no links on them.
- If we have no broker house to work with, we can take a look at IC Markets.
- The same we have with a ForexVPS service that allows increasing execution speed.
- They mentioned that they design various strategies for us. We have no proof of this claim.
- We may expect a response within 49 hours. It’s too long.
There’s a single package available for $127 monthly. It’s a solid con because there’s no lifetime license provided. As a result, we have only a seven days money-back guarantee on the board. It’s not so much time to decide if the signals fit our expectations.
If we want to cancel our subscription, we have to write five days ahead before an invoice is usually sent.
To get these signals, we have to share the card and personal data with developers.
Backtests
The presentation doesn’t include any backtest reports to check. It means the system could not be well tested under various risks and market conditions before being released.
Verified Trading Results of Robocopy FX
It’s a Robocopy-FX-2 real USD account on IC Markets. The advisor works automatically with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record. It was created on December 10, 2020. The account has a medium level of transparency, so we don’t know the amount of deposited money. Since then, the absolute gain has become +7.01%. An average monthly gain is +1.31%. The maximum drawdown is 12.80%.
Robocopy-FX-2 has closed 349 deals with 219.7 pips. An average win is 4.54 pips when an average loss is -4.81 pips. The win rate is 61% for Longs and 55% for Shorts. An average trade length is one hour and eighteen minutes. The Profit Factor is 0.74. The advisor is a scam.
EUR/USD is the most traded currency pair when the most profitable is USD/JPY with 181.0 pips.
The system trades during the European trading session.
Monday (46 deals) and Tuesday (60) are the less traded days.
The account works with sky-high risks to the balance.
The system likes trading with deep Stop Losses (-37.4 pips).
Now, the robot has closed two months in a row with losses. Most likely, May will be lost too.
People feedback
Forex Store has decreased the Robocopy FX rate from 3.5 to 2.5 and sets it in the red zone. Probably, no one will buy it. There are no other mentions on TrustPilot or Forex Peace Army sites.
Is Robocopy FX a viable option
| Pros | Cons |
| Real-account trading results | No team revealed |
| No settings explanations provided | |
| No risk advice given | |
| No backtest reports provided | |
| Scam-like trading results | |
| Short money-back guarantee | |
| A hard-to-cancel subscription | |
| No people feedback provided |
Summary
Robocopy FX is a company that couldn’t manage to create stable trading solutions to provide clients with relevant and profitable signals. Both robot charts showed that the system has to be updated right now. The signals have a 2.5 total score from 10 possible on Forex Store.
