Forex Fastron EA Review Fastron Forex Robot, Scam or Legit Find Out

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Forex Fastron EA Review: Fastron Forex Robot, Scam or Legit? Find Out

Fastron Forex Robot Review: this is the name of a Forex expert advisor that promises its users a consistent results in form of a higher profits and ROI. Is Forex Fastron Robot legit or a scam? Forex trading signal providers are on the increase, it is important to get the proper signals from the right sources. Read this review to know more about this forex vendor.

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What Are Forex Signals or Indicators?

Most Forex indicators are created for the purpose of giving traders trading signals that are accurate as well as consistent. With a legit indicator system, traders can afford to spend less time monitoring the market.
Traders are provided with what can be termed expert advice from these robots, this is why they are called Expert Advisors (EAs). EAs are sold by indicator vendors.

It is totally in character for Forex EA vendor or signal providers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.

Who Owns Forex Fastron Robot

The developers of this forex indicator did not reveal who they are and where they are located. We do not encourage traders to purchase any service whose owners are unidentified.

How Forex Fastron EA works

Forex Fastron EA claims to be a powerful and fully automated forex robot that comes with several set of indicators which help convert whenever the market will flip but they fail to give a detailed explanation of this strategy they claim to use.

The trading results displayed on their website is on an Fxblue account. Trade results from standard forex brokers are usually displayed on MyFxBook due to its reliability and transparency.

Forex Fastron EA comes in 3 categories which are: basic, premium and unlimited. The purchasing fees are $199, $299 and $419 respectively.

Forex Fastron Client feedback

As a vital part of our reviews, we consider what people who have made use of a product or service are saying about it. We always prefer this on third-party websites rather than on the official page of the service itself. This is because sometimes, what we find could have been manipulated. So far, there have not been any client review on forex fastron.

Support

To get in touch with them, you can fill the form on their webpage.

Conclusion

There is no information on the owners of Forex fastron. Also, trading results are not provided on MyFxBook. This is discouraging as the results it provided on the page cannot be trusted. Therefore we rate it low.

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Forex Fastron EA Review

Forex Fastron is an automated trading robot that is actually an indicator based expert advisor. The Forex Fastron is meant to trade some major and minor forex pairs on the M15, M30 and H1 timeframe. They are furnishing their clients with 3 packages namely Basic, Premium and Unlimited. The Most basic package costs about $199.

What is Forex Fastron EA (forexfastron.com)? Either is Forex Fastron scam or legit?

Forex Fastron Review

  • Forex Fastron is a program that claim to automate Forex trades. It’s like putting a plane on auto pilot. Traders can sleep through the night calmly knowing that their trades will be placed exactly at the times they designated. Sounds easy, right?
  • Forex robots like Forex Fastron are getting a lot of hype of late and Forex robot scams are not far behind.
  • Forex robot like Forex Fastron can only be as smart as its creator. The creators of these systems are looking to make a quick large sum of money and are not looking at the fact that the most predictable thing about the Forex market is the changes you cannot predict without watching the changes carefully. Anyone who knows the Forex market well and understands it will recommend a live person with their own trading strategy and then and only then does it make sense to automate any of it.
  • The companies producing Forex robots like Forex Fastron often rely on very broad, small print disclaimers to keep them out of trouble for promising tremendous results when those results are unrealistic in the long term.
  • Most Forex robot scams are easy to pinpoint and would seem obvious to any investor. But even with blatant false promises of huge profits “while you sleep” millions of dollars are dropped into these Forex robot scams every day.

Forex Fastron Strategy

As a matter of fact, it is unclear who the developers of this EA are. There is no information about who and where they are running this expert advisor.

During our reviews of the Forex Fastron EA, we saw that they are not offering detailed explanation on the robot strategy type. They said the reason why you choose Forex Fastron EA is that the robot comes with several sets of indicators, which help convert whenever the market will flip. We looked for popular indicators used for trchnical analysis but did not see any.

Forex Fastron EA Result

Forex Fastron EA vendor provided two Fxblue account but we prefer a myfxbook account because it is more flexible in terms of transparency.

The problem is that Forex robots are run based on automated mathematical algorithms, not taking into account things like market conditions that vary with political issues, weather and other factors. The inconsistency of the market is impossible to program into a robot, and therefore the results of Forex robots are inconsistent as well.

Our best advise

Because Forex trading is still relatively unregulated, the number of scams seem to be ever-increasing. One area in which this happens on a regular basis is with automated Forex trading bots. Many of the systems make some pretty unrealistic claims, and promise a successful trading career, even when you’re asleep. They even seem to be able to publish positive results on their sites. However, a word of warning: These amazing results are often the result of back-testing, or based on hypothetical results.

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Ruby Forex EA Review

Ruby Forex Expert Advisor is a relatively new automated Forex trading software developed in 2020. It’s designed to help novice and experienced traders to achieve huge profits in the Forex market from anywhere in the world. Let’s find out if this robot can find its place in the best forex robots table.

The developers offer to us a fully automated trading solution presented on the well designed one-page website. There’s no information about the vendor. Therefore, we can’t be sure about their professionalism and experience in this field. Users are provided with features explanation, backtest report, and live test trading account to decide if Ruby EA is worth trying.

Ruby Forex EA Offering

COMPATIBLE TRADING PLATFORMS MetaTrader 4
CURRENCY PAIRS AVAILABLE EUR/USD
MINIMUM DEPOSIT $100
TIMEFRAME H1
PRICE $299 / $399 / $499

Packages

  • Basic – $299, 2 Accounts for 12 months
  • Advanced – $399, 3 Accounts for 18 months
  • Ultimate – $499, 4 Accounts for 24 months

We want to notice that Ruby EA is one of the few forex robots that are selling their product on a subscription basis. On the pros side, we are provided with a 30-day moneyback guarantee, but still, we don’t know what “get a refund if you are not satisfied” means.

Ruby Forex EA Trading Strategy

According to the Ruby EA website, the trading system uses undisclosed long term trading strategy. The developers claim that it doesn’t use scalping and hedging strategies. We can make sure that it’s true looking at its live trading statistics below.

As we can see Ruby EA really trying to make only long term investment decisions. However, we don’t know anything about how these decisions being made. Thus, we can assume that Ruby EA is showing a pretty low level of transparency.

The backtest of this strategy with a 15% risk you can see on the screenshot above. The profit factor was 7.07. The win rate was about 92.43% for longs and 90.8% shorts. The maximal DD was 9.88%.

Trading Results

Let’s take a look at the real data. The robot has been applied to the real USD account with the $1000 deposit, PaxForex as a brokerage company trading on the MetaTrader 4 platform. The account was deployed in October 2020. During half a year, it could manage to grow the balance to $3987.

The robot has traded 47 deals with 425 pips. The average win-rate across the trades is 94%. The average trade length is 14 hours. The profit factor is very solid and equals 6.37.

Drawdown percentage is very high (63%) and caused by the last trades. S o we can only wait to check whether the robot can show stable results over the long run.

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