Directional Forex Robot uses a trend-based approach for generating high returns. This is a completely automated system that can trade large and dependable trends. It uses the Heiken Ashi Smoothed indicator and special algorithms for its trade entries and exits. The vendor claims that big movements of pips have resulted in a solid performance of the system for a decade.
Is this a perfect trend system robot?
This ATS is developed and promoted by the Forex Robot Trader system. Don Steinitz is the founder of the company. He started using the Heiken Ashi Smoothed indicator which is the basis for all products of the company. Other products include Falcor, Ganon, Reaper, Vader, etc. There is no info on the team members or their expertise. We could not find company details like the founding year, location, phone number, etc. The lack of vendor transparency raises doubts concerning the dependability of the product.
Important features of the product that make it stand apart from the rest as per the vendor are:
- It works on all currency pairs and timeframes.
- This FX robot is designed to work on the Metatrader 4 platform.
- It can work with 4- or 5-digit broker quotes automatically.
- Manual operations can be done without affecting the functionality of the robot.
- It has an integrated automatic money-management feature.
- You can adjust the color objects, text, and features like moving average modes.
How to start trading with Directional Forex Robot
To buy this FX robot, you need to pay $49. The original price of the product is $199. But now it has been reduced to $49 due to the 75% discount offer of the vendor. There is no info on the features available with the package. We could not find a refund offer. When compared to the price of prevailing competitor systems, the price of this ATS is not expensive. However, the absence of a money-back assurance makes us suspect the reliability of the product.
On the working method, the vendor states that the FX EA detects potential trends and persists for the entire duration of the trends. It waits for trends to solidify on different time frames prior to entering the market. It trades along the same direction as that of the underlying trend and holds on until a reversal occurs. As per the vendor, there are no specific recommendations on the minimum balance needed to use the robot.
Directional Forex Robot backtests
No backtesting reports are present for this FX EA. Although the MT4 tool has been in the market for a long time, the lack of backtests raises a red flag. While the performance in the backtesting cannot be used to predict future profits, the backtests serve to understand the strategy and its efficacy. The absence of the strategy tests makes us suspect the reliability of the system.
Reports on the performance of the EA are provided on a monthly basis by the vendor. Here is a statement of the results for December 2021.
From the above report, we can see a total net profit of 38,809.20 was generated for a total of 441 trades. The profitability is 80.05% and the profit factor is 4.83. A maximum drawdown of 0.01% is present. From the results, we can see that the profits are good with a very low drawdown and high profitability.
However, the results are not verified by reputed third-party sites like myfxbook, FXBlue, and FXSTAT. We prefer verified results as they provide an unbiased account of the performance. The lack of verified results raises suspicion on the reliability of the robot. Furthermore, the lack of backtests makes it difficult to analyze the results and compare them with real trading account results.
For assistance, the vendor provides an FAQ section, a support center with info and guides, and an online contact form. There is no live chat or phone number present for support.
While there are no reviews present for this FX EA, we found 270 reviews for the Forex Robot Trader company on FPA. A rating of 2.262/5 is present for the company. Here are a few of the feedback.
From the reviews, we can see that while one user finds the robots of the company are good, another user reports non-verified results and poor support.
- Fully automated system
- Price is affordable
- No verified track record
- Absence of a refund policy
Directional Forex Robot boasts high returns with its trend-based approach. The vendor provides stats of the profits achieved and monthly performance reports. An explanation is provided for the trading logic used. However, there are no backtests and verified real trading results present. Although the price is not expensive, there is no money-back guarantee.