Traders are assured of successful trading and stable profits when they invest in the Altredo Forex Robots. The company claims to be the leader in developing FX robots based on an algorithmic process. All the expert advisors of this vendor are fully automated products with artificial intelligence. When you choose one of the various FX robots at Altredo, the vendor guarantees high profitability and performance and increased reliability.
Is this a perfect robot to invest in?
As per the info on the site, the vendor has more than a decade of experience in creating the best performing ATS for Algo trading. The main focus of the design is to improve the efficiency of the trading and increase investment profitability. All the algorithmic FX robots created by the vendor are innovative algorithms and have a mathematical basis, which helps in trading various financial tools. All currency pairs, futures, stocks, indices, and other assets can be traded with automated, manual, or algorithmic robot software.
Over 28 Forex robots are promoted by the company in addition to indicators and strategies. On the strategy used, the vendor states that a majority of the approaches implemented via the algorithmic FX robots use artificial intelligence methods including neural networks. There is no further explanation of the trading approaches used by the vendor. For customer support, a WhatsApp number, Telegram link, Skype address, and online contact form are provided. A Google map of New York City is shown for the location of the company.
How to start trading with Altredo Forex Robots
Pricing of the trading software products ranges from $360 up to $1800. The official site provides info on all the products. Each of the products is provided with a short description and a list of features and recommendations.
However, the info provided does not give all the details that traders would like to know about an FX robot like the settings, recommendation, minimum balance, working mechanism, and more. No refund is provided as the vendor states that the profitability of the software is based on the experience and knowledge of the user.
Altredo Forex Robots Backtests
No strategy tester reports are available for the algorithmic and other types of FX EAs developed by the company. The backtests are based on historical data and are not predictive of similar performance. Nevertheless, traders find them useful for knowing about the strategy and how well the software can perform.
Several of the robots of Altredo reveal verified trading results on the myfxbook site. While most of them are demo accounts, a few are real accounts. Here is a screenshot of real account trading results of the Forex Robot Arbitrage.
From the results shown in the screenshots above, we could see a real USD account being traded using the Forex robot arbitrage via Admiral Markets. The leverage of 1:30 is used for this MT5 platform-based account. The trading stats reveal a total profit of 50.88% and a similar absolute gain percentage. A daily and monthly profit of 0.25% and 9.70% are shown by the account. A drawdown of 20.12% is revealed. For deposits of $200, the balance amount present is $310.75.
The growth chart is not shown and the account does not reveal the lots used and the trading history. A profit factor of 4.16 is present. We find the hidden values and history suspicious. Hidden details imply the account does not want to reveal its poor or high-risk approaches.
We found user feedback for the company on the Forex Peace Army site. The reviews date back to 2017 and we note that all are negative reviews. Here are some screenshots of the recent reviews.
From the reviews, we can see that the company is a scam with all the robots showing poor performance. Some of the reviews mention poor support and the refund not working.
- Diversified products including FX robots, indicators, and more
- Service uses manual, automated, and algorithmic approaches
- Hidden data in trading results indicate poor performance and strategy
- Price is exorbitant
- Poor user feedback
Altredo Forex robots are promoted with the promise of stable profits but fail to provide proof of their profitability. While the trading results of some of the robots are verified by the myfxbook site, the performance is not notable. Moreover, the account we analyzed indicates an unverified track record and hidden lots and trading history information.
No backtests are provided by the company. With poor results and no backtesting, we find the FX Robots of this company are not reliable. Furthermore, the negative feedback from users reveals that this is a scam service with poor customer support and no refund offer. The expensive price of the robots and other products of the company further confirm our suspicions that this is not a trustworthy system.