Absolute Review

Absolute FX is an FX robot that works on the MT5 platform. The developer assures 99.5% profitable trades with this ATS which is proven by the backtesting results. This FX robot uses price action as its main approach and the developer also mentions it is a trend following system that uses a few indicators for determining the trend direction. 

Is this a good robot to invest in? 

Aleksei Ostroborodov is the developer of this FX EA. He is based in Russia and as per the MQL5 site info, he has four years of experience in trading and has developed 13 products and 24 signals. He is the founder of the Smart Forex Lab group that offers professional FX solutions. 

For the trading approach, this FX EA uses the scalping method with a reversal pattern as the basis. The developer claims that this EA does not use risky methods like Martingale or grid and that its winning rate is mainly due to the trend-following approach. 

The main features of this FX robot include the use of calculated or a hard SL and TP, regular or relative levels, optional use of trailing stop, spread control, and the use of manual, risk, or automatic volume setting. While there is no specific mention of the pairs this EA works on, the developer provides set files only for the GBPUSD and the EURUSD pairs. 

How to start trading with Absolute

To purchase this FX EA, you need to pay $75. A free demo account is also present as part of the package. We could not find further info on the features available with the package. No money-back assurance is provided. Compared to the price of competitor EAs in the market, the price is affordable.

Recommendations for this EA include the use of a minimum deposit of $200 and minimum leverage of 1:50. For the trading account, the developer suggests the use of Weltrade hedge and TradingFX VPS.

Absolute backtests

Backtesting reports are present for the GBPUSD and the EURUSD pairs on the MQL5 site. The 5-year backtesting report for this EA is shown above. From the report, we can see that the EA had generated a total net profit of 21,548 for a total of 351 trades. The profit factor value was 3,665 and the drawdown for the account was 24.14%. The profitability of the account was 99.72%. From the results, the high drawdown and high profit factor values look suspicious. Furthermore, past performance cannot predict a similar result in the future. 

Trading results

We found a real USD account for this FX EA using the Weltrade broker and the leverage of 1:500 on the MT5 platform verified by the myfxbook site.

From the trading stats shown above, we can see the account has generated a total profit of 15.94% and an absolute profit of 14.21%. The daily and monthly profits are 0.07% and 2.06%. A drawdown value of 10.65% is present for the account started in February 2021. A total of 53 trades have been executed with profitability of 100%. 

The trading history reveals a lot size varying between 0.04 and 0.05 is used. We find the 100% profitability suspicious as the total profit generated is very low and the drawdown though not very high is considerable at over 10%. While the profitability looks similar to the backtesting results, the actual profits are not high indicating an ineffective approach and poor performance. 

Customer support

For support, you can message the developer via the Telegram Channel group or through the messaging option on the MQL5 site. We could not find a location address, phone number, or live chat feature which could help in efficient support. The lack of adequate support methods makes us suspect the reliability of this EA.

People feedback

We could not find user feedback for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The absence of user reviews suggests that this is not a well-known expert advisor in the market. 

Conclusion

Advantages

• Fully automated expert advisor
• Price is affordable

Disadvantages

• Suspicious looking real trading results and backtests
• Poor performance

Absolute FX is a Forex robot that assures proven profitability of 99.5%. On evaluating the features, backtests, and real trading results, we find the claims are doubtful. While the results from the backtesting and real trading indicate a high level of profitability, the actual profit recorded is very low considering the trading history duration. The low profits, lack of user reviews, and insufficient customer support are downsides that prevent us from recommending this FX EA.