Forex Black Robot promises substantial profits through a unique automated trading approach. The trading system in question is optimize for the EURUSD and JPY pairs, and is also designed to take advantage of the volatility experienced in the 1 hour time frame. The sales page of Forex Black robot tells us that the average profits that this EA has achieved is $12,000 but this has not been substantiated yet. We hope that the developer will soon uploading trading statements to verify this claim. Otherwise, it will look bad that this developer is making claims which they cannot substantiate.
Our first impression on this software is quite positive though we will not let this interfere with this review in any way. The Forex Black robot is developed by a famous developer called Anna Forex Monti. In the year 2018, she created two robots called Forex Pepper Bot and The Forex Phoenix bot. But it also appears that these robots did not gain any significant traction in the Forex market place as they have not received any significant testimonials and reviews anywhere on the internet. However, we were still able to come across one comment specifically on the performance of the Forex Pepper robot where a user claimed that he tested the robot for 3 weeks and had 11 winners and 16 losers. While the Forex Black robot is a different product altogether, we believe that this data is very important to have.
Note: If you are in search of a reliable Forex trading robot, consult this list of trading resources.
You should take note of the description that this developer is giving the Forex Black Robot. They describe it as having been equipped with night and day trading algorithm. This algorithm is allegedly relying on advanced mathematical calculations in order to identify which short term trades would be worth entering. They tell us that these entries are analyzed in line with directional channels and oscillators in conjunction with support and resistance levels.
We feel that the developer has not offered an elaborate description of how the strategy works. But still this is more than enough if you compare it with what other Forex robot developers are doing.
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The robot also has a built in auto break even feature, a trailing stop while also giving users the freedom to set the system so that it can trade at particular times of the day and night. In addition to this, Anna tells us that the system comes with optimized default settings, professional and reliable customer support in addition to a refund policy which the developer says will cover the customer for at least 30 days.
This license is for a lifetime, and users also get installation guide and an unlimited number of licenses for demo accounts. We feel that this is a good gesture, and if every developer could use this approach, it could work in their favor rather than against their agenda.
It’s obviously a Forex robot. The cost of a license is $99 only. The strategy seems to be reliant on support and resistance levels. The pair that it trades has already been discussed in the first paragraph of this review.
Anna Forex Monti loves to price her expert advisors at $99, and the Forex Black robot is no expection. But this price is for a limited time according to the sales page. She is giving away 50% discount, and so instead of the regular price of $199, traders can take advantage of the software for $99 before the offer can expire. But our belief is that this is not the case. The product will always be priced at $99 since this is a marketing tactic that Anna has always used for the other products which he develops and sells through her website.
One area in which Anna does not do a good job at is in the trading performance. None of her products have any verified trading performance, and this is the main setback with her products. The Forex black robot is just one of the products she released and gave insufficient evidence with regards to trading performance. So we are forced to explain why a short trading statement is not proof of successful trading.
In this case, we are stuck with the challenge of having to repeat ourselves since we are only discussing same issue over and over again. We generally prefer that a vendor must use Myfxbook account if they want to make their work easier. The reason we object the one month trading statement is that it is too short, and any system in the world can trade well for 1 month and lose in the other. We need at least 3 months of trading statements for us to believe that indeed the Forex black robot works as described in the sales page.
The other issue with trading statements is that they can easily be manipulated, and Anna cannot be trusted on this. She can change the data to suit her marketing goals. But if she used an independent third party site to do the same, it would be much more reliable.
The conclusion is that we wouldn’t be surprised if we discovered that these trading results were a complete fabrication. This is because there is nothing in the world that can stop Anna from doing so in favor of the Forex Black robot. This is apparently the main challenge that other vendors are facing. They manufacture poor quality robots and push them out to buyers. But they provide zero proof of successful trading.
Even if we were to believe that the Forex Black robot is the best support and resistance robot that is also the latest in the market, it would be too hard to do so because we are not that naive. Since the market is very competitive, there is no reason why this vendor cannot prove successful trading for at least 3 months. Our best bet is to stick with these robots instead.
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