Forex Fastron EA is a brand new forex robot that implements several combinations of various trading strategies. The software comes with different sets of standard Forex indicators for the MetaTrader platform and uses them to “convert whenever the market will flip”. The EA developers promise us instant download, easy installation process and great returns from trading using recommended settings. Let’s check whether Forex Faston EA is a trading system worth trying and just another mid-range forex robot.
|COMPATIBLE TRADING PLATFORMS||MetaTrader 4|
|CURRENCY PAIRS AVAILABLE||AUDUSD; EURGBP; EURUSD; USDCAD; USDCHF|
|PRICE||$99 / $199 / $310|
|MONEY BACK GUARANTEE||No|
The presentation on the official website looks quick-made and amateurish. We are not provided with any facts about how the robot works and who is behind the development. It’s quite hard to trust the company that provides so little information. The developers claim that the system has been tested by experienced traders for more than 7 years. However, we couldn’t find any mentioning about Forex Fastron dated earlier than 2019.
- BASIC – 2 live and 1 demo account with free updates and 24/7 support for $99
- PREMIUM – 4 live and 1 demo account with free updates and 24/7 support for $199
- UNLIMITED – unlimited live and 1 demo account with free updates and 24/7 support for $310
Vendor promises that Forex Fastron works well with different requotes, spreads, and swaps. According to the official website, the automated system comes with all the advanced features a trader needs. However, these features are undisclosed. All we know is that the strategy uses Metatrader standard indicators. Can we call it “advanced features for all needs”? I will leave this question open.
Let’s take a look at the real data. The Forex Fastron team decided to verify their statements via FXBlue. We can’t blame them for that, but still, more often, we are looking for myfxbook account as it’s a more reliable service. The robot has been applied to the real USD account with the $1000 deposit trading on the MetaTrader 4 platform. The account was deployed in October 2019. During half a year period, it could manage to grow the balance to $2228.
The robot has traded 798 pips. The average win-rate across the trades is 68.4%, which is not very promising. The average trade length is 2.6 days. The profit factor is not impressive and equals 1.96.
Analyzing the results we can state that Forex Fastron really can show consistent profits, but half a year period is not enough for us to make a final decision.