The developers of Quatron tell us that their Forex robot uses hedging methodology to analyze price data and find the best entry parameters in all types of market conditions. Quatron is not a cheap Forex robot by all means because the cost of a single license is going for $1280. So it’s important that we should thoroughly review the software to help you make an informed decision because clearly not very many traders can pay that amount when there are very good Forex robots out here that cost much less. It is not making any sense to spend that much unless the product is giving more value than what we can get with a robot that costs $300 for a license for example.
We’ve established that Quatron is owned and operated by Marek Kvarda who claims to be a trader. He is also an MQL5 developer who is located in Czech Republic. This guy is also the developer behind 5 other trading products on the MQL5 market place. These include Triton, Forexbot, Zitron, Spunky and Multi Manager. We have observed that majority of these Forex robots are not popular as seen in the lack of user activities in this market place. It simply means that people are not finding these products as appealing compared to the one we are reviewing now, Quatron.
The Quatron hedging EA is designed to handle multiple trading strategies on different pairs. There is no specific pair that the Quatron hedging EA is optimized for. The software is designed in such a way that it will analyze both the daily and monthly chart to determine the safest entry. It analyzes 10 periods in order to establish what the direction the market is likely to take.
The developer also tells us that they are utilizing a special algorithm which enables this software to work as described. However, the developer is not giving us any in depth explanation concerning the exact algorithm. The software is exorbitantly priced and so we were expecting the developer to provide us with the exact details of the trading strategy contained in this algorithm. If this is not available, then most clients including ourselves will feel as if they are being tricked into buying an over priced expert advisor and yet no value is being presented in the package for the end user.
This is certainly not the way to go if a vendor wants to be included into the category of the best Forex robots in the world. They would need to work extremely hard in convincing us that the software is working and generating returns as claimed on the sales page. They also need to find a way of justifying the price tag.
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What we have is information about the various parameters contained in this robot. These include trailing stops, take profits and a bunch of other settings which have been included into the Forex robot’s algorithm to help make it a successful expert advisor.
The vendor is definitely not being fair by pricing it at $1000 when they do not have a trading methodology in place to show us that indeed the Quatron is an efficient trading app for the Forex market. Without this information, the trading community is left alone to figure out how the product works and whether or not they should trust the vendor. It’s definitely a bad gesture
It’s a Forex robot that mostly trades EURUSD, GBPUSD and USDJPY on the 30 minute time frame. They strategy which it utilizes is called hedging, and although this robot uses this strategy, some traders may not be comfortable with such a robot.
The first release was done in October 6, 2018 and the Quatron is currently on version 5.0. The latest update was done in November 25, 2018. So this means that the developer is quite concerned with updates to make sure that everything runs as planned. Also, since the product was first introduced in October 2018, it simply means that we are dealing with a brand new product in the MQL5 market place.
Also, in terms of pricing, the Quatron robot is too expensive compared to many robots in this industry. The going rate for the industry is around the $200 mark. Anything above this price point is definitely not welcomed because most traders will be hesitant to go for any robot that is priced above that the $200 mark.
Also, there are not so many Forex robots whose license costs $1000. So this automatically makes these robots obsolete and we actually don’t know which kind of customers buy these robots for their use. The good thing however, is that the developer of Quatron is providing free demo account to help traders interested in the software test it just to see how things work. Our recommendation is that you should take full advantage of this offer before purchasing the robot. Otherwise, you might be disappointed when you spend only to find out that the robot’s performance is not at par with what you expect from a good Forex robot.
This team fails to provide satisfactory trading results since what we have is not what you could consider verified trading results. The developer is showing us 3 back tests dating back to 2010 on a few pairs. In 2018, back tests are no longer considered a viable means of testing a Forex robot. Why can’t they use a Myfxbook account for this purpose? What is so hard about it?
If the vendor is going to continue charging this amount for their license, it’s in their best interest to prove to us that the robot works. They must use verified trading results to do the same and not back tests. Back tests are not verified results and most of the time, a robot will perform well in the back tests but fail to replicate those results when actually used in a live market.
Our recommendation is that you should stick to these Forex robots. Quatron EA is just not what we expected to get for the price point it sells for.
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