Cosmonaut FX EA promises a maximum monthly profit of 100% without any effort on your part. The automated system works on the MT4 and MT5 platforms offering super profitability. As per the vendor, it does not use the Martingale method and uses order protection. It works on 12 currency pairs and uses a unique approach that ensures low drawdown.

Product offering

Cosmonaut FX EA

The official site is well designed with separate sections for the info on the robot, the results, pricing, etc. available on the home page. Other than the mention of the company being based in Europe, the vendor does not provide details such as the founding year, team members, contact address, etc. Some of the main features that the vendor claims make this FX EA unique among its competitors are:

  • It monitors price momentum to identify the optimal trading conditions.
  • The FX robot uses smart money management to ensure low drawdown and high returns.
  • This FX EA uses full automation.
  • It is easy to install and configure with the entire process taking about 5 to 10 minutes maximum. 
  • As per the vendor, the system does not use dangerous money management methods like the Martingale system.
  • It uses order protection features to prevent losses.
Price €299-€249
Trading Platforms MT4, MT5
Currency Pairs 12 currency pairs
Strategy Technical
Timeframe M5
Recommended Deposit N/A
Recommended Leverage N/A
Money Management Yes

To buy this FX EA you need to choose from the two available packages. One is the Optimal package with an unlimited number of accounts costing €299. The other package is named Economy and comprises a single account. Both packages require one-time payment and come with detailed instructions on installing the software and using it. Online support is also provided. A 14-day refund is present. When compared to the price of competitor systems in the market, we find the pricing is expensive.

Trading strategy

As per the vendor, the FX robot scans market prices and identifies the deviation of the price from its average value to select the most accurate order entries. Additionally, the robot uses smart money management that keeps the drawdown low and ensures maximum profits. 

The vendor states that you can entrust the robot with a huge capital as your funds are safe.  Two different systems are present in the robot namely the Mars and Jupiter strategies. There is no explanation present about these methods. Instead, there are backtesting results for the different currency pairs the robot works on. 

This FX EA works on 12 currency pairs simultaneously. A timeframe of M5 is used. The trading results are diversified ensuring your profits compensate for the few losses that occur. We could not find info on the recommended deposit, leverage, and other settings. 

Trading results

The vendor provides backtesting reports for the various currency pairs. The tests are done from 2012 to 2022 and use the M5 timeframe, automatic risk control, and an initial deposit of $5000. However, we are unable to view the backtesting reports. Backtesting reports help to know about the strategy used and its effectiveness. Although it is based on historical data, traders prefer it as it provides a better insight into the system.

 No real trading results verified by reputed third-party sites like Myfxbook, FXBlue, and FXStat are present. The lack of backtesting and real trading info makes it difficult to analyze the efficacy of the system. Further, the absence of reports raises doubts about the reliability of the system.

Customer reviews

Unfortunately, we cannot find user reviews for the FX EA on reputed review sites such as Forexpeacearmy, Trustpilot, etc. 

Customer support

An online contact form is present for support. We could not find a live chat feature, FAQs, and other such methods that are usually present for support. Social media links to Twitter, Facebook, YouTube, Pinterest, and Medium.com are present but like the backtesting reports, they are not working.

Pros
A fully automated system
14-day refund
Cons
Lack of strategy explanation
No verified real trading results
Expensive pricing
3.5
Verdict
Cosmonaut FX EA claims to provide high monthly returns with its stable and profitable system. Our evaluation of the FX robot reveals that while the vendor provides backtesting results in the form of a downloadable file, it does not work. No verified real trading results are present. Instead, the vendor just posts random real trading results of some other system. The lack of vendor transparency and expensive pricing are other downsides that you need to consider before you decide on investing in this FX EA.

Leave a Reply

86  +    =  96