Arbor is an expert advisor that has unique custom-made indicators to scan the market for accurate entries and exits. It uses news filters and other necessary inputs to achieve profitable results. As per the author, the system is a result of many years of coding and trading experience by a group of professionals in Warsaw, Poland. This fully automated FX robot is compatible with the MT5 platform. An MT4 version is also present.
Jakub Norbert Bogusz is the author of this FX EA. He is based in Poland and has created 6 products and 5 signals. He mentions that he has been developing MT4 and MT5 expert advisors and indicators since 2014. He is also skilled in Python. His other products are Gold Baum and Huckster. For support, he offers a Telegram support group and the messaging option via the MQL5 site.
The MQL5 is the official promoter of the product. Details about the ATS are provided on the site including the working method, features, and setup. Backtesting results and a live signal are available for the FX robot.
|Multiple currency pairs
You can buy this FX EA for $349. A free demo account is provided with the package. As per the author, the price will soon increase to $499. No details are present concerning the features you get with the package. We could not find a money-back guarantee which raises doubts about the reliability of the FX robot. Further, when compared to the prevailing price of EAs in the market, we find the price is expensive.
According to the author, the FX EA uses an advanced system that consists of custom indicators and a news filter for identifying entries accurately. The ATS is hassle-free to use with minimal inputs that are easy to apply. Some of the key features of the FX robot that make it stand apart are:
- It assesses the market carefully and places the appropriate TP and SL for each trade.
- A smart news filter is present to protect your capital.
- The ATS uses a balanced risk: reward ratio.
- It is tested on more than 20 years of data and is proven to be effective in the most volatile conditions.
- It works on multiple currency pairs.
- The FX EA can handle any currency account.
- Risky methods such as Grid, Martingale, etc. are not used.
- A single chart setup is sufficient to trade the different currency pairs it works on.
The vendor does not provide recommendations on the minimum deposit, the leverage, timeframe, broker, etc.
A backtesting result is present for the FX EA on the MQL5 site. From the report, it is clear that a total net profit of $48,717 was generated from an initial deposit of $1000. A total of 2713 trades were executed with a profitability of 88% and a profit factor of 2.13. The maximum drawdown was 6.52% which is low indicating a low-risk approach.
A live signal is present for the FX robot as shown above. From the stats, we can see that the account was started in February 2022. A total of 107 trades have been executed with the account showing 21.12% growth and a profit of $210.49 for an initial deposit of $1000. The drawdown is 8.8% and the profitability is 72%. From the growth curve, we can see the account has suffered a series of downward spirals indicating risky money management. Further, although the drawdown is low for the backtesting and real trading, the profits are not high indicating ineffective performance.
We found 28 reviews for the FX EA on the MQL5 site with a rating of 4.5/5. Although the reviews are mostly positive, we could not find feedback from reputed third-party sites such as Forexpeacearmy, Trustpilot, etc. to corroborate them. Due to the MQL5 site being the promoter of the product, there is a high chance of the reviews being manipulated, so we do not consider them trustworthy.