FX Oxygen is a Forex robot that operates automatically 24 hours a day and its only goal is to earn money on your account. That is what the developer claims. With this product, you can be sure that you get a reliable and qualitative EA, as it has been very successful in trading on account with real money. The developer fxoxygen.com is also providing a 30 day money back guarantee and stating that they are very confident that the expert advisor will perform as advertised on the sales page. These claims sound like marketing stunts and we would like to find out the authenticity of the claims. Is this a really profitable trading app or just a hoax? One may wonder.
The software is meant to be a reliable qualitative EA has been successful for over 20 months on their live account.
First launched in 2015, the owners of the product seem to be the Forex Store. This is the same team behind FXDiverse and FXGoodway, as they are on the same web server. The products also utilize the same design and marketing approach, so it’s no question they are related. In order to get in touch with support, traders can email via the contact form on the website.
Today we’ll be providing an update to the original 2015 review and letting the valforex community understand the pros and cons of this trading software before including it here.
The FX oxygen robot is being sold for $295 (now $210) with a money back guarantee. The developers of the software claim that they were tired of watching low-quality, fraudulent robots being created and sold by unscrupulous vendors. They believe that they exercise a higher degree of responsibility.
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The developer of this expert advisor announces the following on their website as a way to reassure investors that FX Oxygen is the real deal.
”We are tired of watching how low-quality and fraudulent EAs are being created and sold by unscrupulous developers in the Forex field.That is why, we decided to exercise the highest degree of responsibility in creating of our EA:
1. The very first thing, we checked our strategy on a back test for the last 10 years. After all, if the system does not show good results even on a backtest made for many years, what kind of reliability in real trading we can expect. And we were very successful at this point – the system had shown excellent results for all 10 years.
2. In order not to risk money of our clients and not to release under-fulfilled EA, we decided to first use it for a long time ourselves and trade with our own money. After couple months of a very successful trading with real money, we realized that the main trial had been passed.”
Every developer works hard in order to make traders see that their product is the best. But this does not necessarily mean that the expert advisor is the best deal. We need to pay close attention to their trading results before we can make up our mind.
They back tested their EA for 10 years to make sure that it worked over a long period of time, then, they traded the account with real money for 20 months to ensure that it worked on live accounts as well. They feel they’ve now past all of the tests and trials required to provide a high-quality a reliable expert advisor.
The results for the FX oxygen software are on the FX open broker running real accounts. We can see that the software trades two pairs, the eurusd and usdjpy. As for trade frequency, the software has taken 385 trades in 20 months so it isn’t exactly a high-volume trader. This means you will likely see 2 to 3 trades per week on average. The results on Myfxbook are really quite impressive they have a $500 deposit with a 445% gain in August and day 20 month project with an 800% gain. We hope that these results are real and trustworthy and that the software actually performs as expected.
That strategy which they are using on the FX Oxygen trading robot has not been disclosed. However, the app is specifically trading EURUSD and USDJPY pairs. The price of a license is $210.
Now priced at $210 the FX Oxygen software comes with free lifetime updates, 1 lifetime license, and two different trading modes (reliable, and highly profitable). We would like to see these trading modes in action, as their trading results don’t really specify which mode is being used.
It’s been 4 years, so there has likely been a fair amount of change in terms of trading results for the FX Oxygen robot.
We can see that they provide an unverified live trading account on FXOpen. This account is hosted with Myfxbook, and is showing a gain of 122% since July, 2018. The draw down is 35%, and the system has traded 129 times. The risk reward ratio is 1:1 with the average win coming in at 66 pips, and the average loss at -63 pips.
In recent times, this account is struggling. In April it was -7%, and in May -8%. Since, there hasn’t been any trades at all, so we aren’t sure if they stopped running the software, or they are working on some sort of update to resolve the problem.
There are no accounts available from 2015-2017, so it’s likely the original account we reviewed, and discussed earlier busted.
We have also come across an account the FXOxygen vendor ran with FPA, which ran for 2.9 weeks and ended up in a -82% gross loss. So, we still feel the need to see some sort of client trading results to verify the viability of the program or consider it one of the best Forex robots.
We want to see it run on some real trader accounts from the community before we get involved. We would like to see some sort of independent reviewer or trader results on Myfxbook and then we will be willing to dish out the money. Otherwise, it is safe to stick with these recommended trading solutions.
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