ForexEzy
No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
Home Forex Tools Forex Robots

HAS Forex Robot Review

by Adam Stanley
January 18, 2022
in Forex Robots
0
HAS Forex Robot
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

HAS Forex Robot is a trend-following system that uses multiple timeframes simultaneously for successful returns. As per the vendor, it has generated a profit of $63,875 in the past 30 days and $21,566 in 2022. It is a fully automated system that can work on multiple currency pairs effectively without your intervention. The vendor claims that you need a broker account that supports the MT4 system to start using this FX EA.

Is it a viable trend system robot?

Features of HAS Forex Robot.

Don Steinitz is the developer and promoter of this ATS. He is the founder of the Forex Robot Trader company. Other products of the company include Falcor, Vader, Odin, and Reaper. He and his team of developers created the EA using the HeikenAshi Smoothed indicator. The developer team consists of many quality programmers skilled in the MQL code used for creating FX robots. We could not find info on the founding year, the experience of team members, location address, phone number, etc. 

For the strategy, the developer explains that the ATS uses the HAS indicator to know the trend direction. The indicator helps to identify the strong and weak price movements. It also indicates the volatility ensuring accurate and profitable trade entries and exits are made. As per the developer, this system works on all currency pairs, stocks, and commodities. 

How to start trading with HAS Forex Robot

Pricing of HAS Forex Robot.

You can buy this FX robot for $49. A 75% discount has been applied to the original price of $199. There are no details found on the features included with the package. There is no money-back guarantee present. When compared to the market price, the pricing of this FX robot is very affordable. However, the lack of a refund offer makes us suspect the reliability of the system.

For the recommended balance, the developer mentions that any size balance can be used as the amount is mostly decided by the broker you use. There are no recommendations on the leverage and other settings needed for using the MT4 tool. 

Other than explaining the HAS indicator, the developer does not divulge much info on the working method, strategy, and recommendations. 

HAS Forex Robot backtests

No backtesting results are present for the FX robot. Testing historical data helps to assess the strategy and its potency. Although the results cannot predict future performance, traders look for backtesting results to evaluate an FX tool. The absence of strategy tester reports raises doubts regarding the reliability of the system.

Trading results

No verified trading results are present for this FX robot. But the developer provides monthly performance reports. Here is the report showing the performance in January 2022.

Performance report of HAS Forex Robot.

A net profit of 21,565 is generated by the FX EA for a total of 181 trades. Profitability is 100% and no drawdown is present. The growth curve shows consistent profits for the account. While the results show good performance, they are not verified by reputed sites like Myfxbook, FXBlue, FXStat, etc. 

Customer support

For support, the vendor provides an FAQ section and an online contact form. An online support center is also present that provides info and useful guides for traders.

People feedback

We found 270 reviews for the Forex Robot Trader company on the FPA site. A rating of 2.262/5 is present for the products of the company. Here are a few of the reviews:

User review of HAS Forex Robot.
User review of HAS Forex Robot.

From the above feedback, we can see that the FX EA is not reliable as it caused a drawdown of 95%. Another user complains of similar losses with the robot. Another factor to note with the reviews is that they date back to 2009 and there are no recent reviews for the products of the company.

Wrapping up

Advantages 

  • It is a fully automated software
  • Price is affordable

Disadvantages

  • The strategy explanation is vague
  • No verified performance proof present

HAS Forex Robot assures high profits with its trend trading system. On evaluating the FX robot, we find that the product is cheap when compared to the market average. The developer provides an explanation of the trading logic used in the robot and monthly performance reports. Unfortunately, the performance reports are not verified by reputed third-party sites like myfxbook, FXBlue, etc. Without a verified track record, it is difficult to assess the system. Other downsides you should be aware of include the lack of backtesting results, vague strategy explanation, lack of a refund policy, and negative user feedback.

The Best Forex Robots Report Is Already Here!
Check out 30+ best expert advisors with daily updated live results and statistics.
ShareTweet
Previous Post

USDJPY Forecast as BoJ Retains Interest Rates

Next Post

Automated vs. Semi-automated/Manual Trading

Related Posts

Waiting Night Review

Waiting Night Review

by Richard Brase

Waiting Night is a trading solution that was designed to make profits on the Forex market. The presentation includes explanations...

EA Thomas

EA Thomas Review

by Chintan Patel

EA Thomas is an expert advisor that requires a minimum deposit of $500. The robot works best on the H1...

Genius Assets

Genius Assets Review

by Chintan Patel

Genius Assets is an expert advisor compatible with the MT4 and MT5 platforms. It works by opening virtual trades for...

Aura Rocket Review

Aura Rocket Review

by Richard Brase

Aura Rocket provides a classical way to engage in long-term trading. When you set the EA on low risk, you...

News Catcher Pro Review

News Catcher Pro Review

by Tim Baudin
May 18, 2022
0

News Catcher Pro uses the mean-reversion approach to ensure high returns and low risk. It works on the GBPUSD, EURGBP,...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10

Best Crypto Bots

  • Bitsgap 9/10
  • Cryptohopper 8.5/10
  • Pionex 7.5/10

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
arbitrage atr Avalanche AVAX Coin bollinger bands cci chart patterns classics copy trading courses Crypto day trading forex brokers forex charts forex ea forex education forex forecasting Forex Indicators forex software reviews grid trading hedging ichimoku macd market cycles news trading oscillators Polkadot price action trading rsi social trading SOL Solana strategies tips & tricks trading bots trading platforms trend trading Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2022 by ForexEzy.com

No Result
View All Result
  • Home
  • Getting Started
  • Forex Education
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2022, Forexezy.