Forex Earth Robot Review

11earth081113About the Forex Earth Robot EA

Not surprisingly, the designers of this expert advisor promote it as the greatest device ever to hit the Forex automated market. Apparently, this world-beating tool was designed by a team of individuals possessing over 60 combined years of trading experience.

The Forex Earth Robot (FER) is a 100% fully automated product that requires no intervention by its users whatsoever.

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How to Install Forex Earth Robot

All you need to do is install the software onto your MT4 trading account, optimize a limited number of settings and it will then commence trading. This expert advisor subsequently searches for high quality trading opportunities around the clock harboring optimum profit potential backed by minimum risk exposure. This device is claimed to work equally well with any Forex broker offering MT4 facilities. The key features of the Forex Earth Robot are as follows:

–      This product has attained an exceptionally high win-to-loss ratio of over 80% since its inception

–      Users benefit from very low drawdowns

–      A constant stream of profits has been generated that are readily verifiable

–      This tool trades all accounts proficiently including micro, mini and standard

–      The FER is designed to exploit the fourth and fifth decimal places of prices quoted

–      This robot incorporates a powerful money management strategy which has been specifically devised to protect your account balance form excessive levels of risk

–      A top-class customer service is supported which is readily available during the entire trading week

–      The expert advisor is exceptionally simple to install and operate

Despite the above promotional statements appearing to be very attractive, how do they seriously line up in real life? The test results displayed next and the ensuing analysis are intended to provide pertinent responses to these important queries.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now presented in the following table. In addition, the average values are displayed in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

169

179

171

173

Short Positions (won)

76

86

78

80

Long Positions (won)

89

99

91

93

Profit Trades

137

147

139

141

Loss trades

28

38

30

32

Largest Profit

$2

$2

$2

$2

Largest Loss

$1

$11

$3

$5

Average Profit

$1

$1

$1

$1

Average Loss

$1

$1

$1

$1

Maximum Consecutive Wins

28

38

30

32

Maximum Consecutive Losses

3

1

11

5

Average Consecutive Wins

7

17

9

11

Average Consecutive Loss

3

4

2

3

 

Key Parameters

A strategy is now necessary in order to determine whether the Forex Earth Robot is an advisable tool to purchase. For instance, will it make you money? You can accomplish this task by calculating its reward-to-risk ratio, win-to-loss ratio and expectancy value. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 82%

2.       Reward-to-Risk ratio = 0.64

3.       Expectancy Value = $0.64

Subsequently, Forex Earth Robot is projected to earn a profit of $0.64 for each dollar you are prepared to risk over an extended period of time.

User Comments

A thorough internet investigation has not unearthed any serious negative comments or reviews about the Forex Earth Robot. However, no positive statements or recommendations were discovered either.

Verdict

Although this software device generated comparatively encouraging performance parameters, there are some worrisome aspects about the results produced. For instance, the reward-to-risk (R/R) ratio records a value that is below unity, which is never a good sign. This is because this weak figure offsets the benefits of the impressive win-to-loss (W/L) ratio of 82%.

As a result, the crucial expectancy value (EV) is considerably reduced by the dismal R/R so that it just posts an indifferent $0.64. As the series of tests defined above transpired over numerous months, this poor EV does not certify that reliable profits can be attained over similar time periods. This is because if the Forex Earth Robot should begin to struggle coping with any unusual trading circumstances then additional losses could be quickly recorded. However, if you are still fascinated with this device then you are well-advised to exploit the benefits of our recommended plan of action.

Visit ForexEarthRobot.com for More Performance Details!

Automated Investing

What about automated investing? Robo advisors automate protfolio management, using sophisticated algorithms to select  funds to invest in. Find out more about robo advisors at www.roboadvisors.com.

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