HAS Forex robot uses the trend following strategy for ensuring high returns. As per the vendor, the FX robot has made $64,638 in the past 30 days and $6,225 in 2022. Dubbed as the original automated killer, this ATS identifies huge trends by monitoring using all the 8 timeframes present. This MT4 tool is capable of working on multiple currency pairs simultaneously. 

Product offering

Features of HAS Forex robot.

The website design is simple with the home page containing info on the robot, its trades, the logic used, and contact info. When compared to other competitor sites, the info provided is insufficient and does not provide the needed insight into the system. 

As per the vendor, this expert advisor can trade on commodities, stocks, and currency pairs. It can be used with a stable internet connection and a computer. The ATS uses the MT4 platform and can trade any number of currency pairs simultaneously. All the trades are executed without human intervention. 

This FX robot is developed by Don Steinitz of the Forex Robot Trader group. He and his team of developers have created this automated system that runs on the eight time frames simultaneously. Other products of the company include Odin, Vader, and Reaper. There is no further info on the company like the founding year, the experience of the team members, their expertise, location, phone number, etc. The inadequate vendor info raises doubts regarding the reliability of the system.

HAS MTF Forex robot

Type Fully-automated EA
Price $49
Strategy Trend-following
Compatible Platforms MT4
Currency Pairs All
Timeframe All 8 timeframes
Recommended Min. Deposit N/A
Recommended Deposit N/A
Leverage N/A

To buy this FX robot, you have to pay $49. The vendor does not provide details regarding the features you get with the package. There is no refund offer present which makes us suspect the reliability of the system. When compared to the price of other competitor systems in the market, this MT4 tool is very affordable. 

Trading strategy

Trading strategy of HAS Forex Robot.

As per the vendor info, this ATS uses the Heiken Ashi Smoothed (HAS) indicator that helps identify the strong and weak price movements. It helps to know the changes in market volatility and market sentiment. The indicator is described by the vendor on the official site. Info on the timeframe is provided on the home page. This MT4 tool uses all 8 timeframes at a time and works on multiple currencies simultaneously. There is no info on the recommended deposit, the leverage,brokers, and settings for this EA. We find the info provided is insufficient to analyze the efficacy of the system.

Trading results

The vendor does not provide backtesting reports for this FX EA. There are no verified trading results present. Instead, the vendor provides monthly reports on the trades executed. Here is a report for December 2022.

Trading results ofHAS Forex Robot.

From the report, we can see a total net profit of 58765 was generated with 100% profitability for a total of 445 trades. No drawdown is present. The results look suspicious. We prefer trading results verified by reputed sites like myfxbook, FXBlue, and FXStat. The lack of verified results further raises suspicion on the reliability of the performance. 

Customer reviews

We found 270 reviews for the Forex Robot Trader company on the FPA site with a rating of 2.262/5. Here are a few of the user testimonials:

User review for HAS Forex Robot.

User warning other traders to stay away from this EA.

From the feedback, we can see that the products of the company are not performing well. The users complain that the company is a scam and warn other users to stay away from the company. 

Assistance

For support, the vendor offers an FAQ section, an online support center, and an online contact form. Live chat, phone number, and other methods are not available for users.

Looking for the best forex robot?Discover top-performing systems selected by ForexRobotExpert team
PROS
Fully automated software
Affordable pricing package
CONS
No verified trading results present
Lack of vendor transparency
Negative testimonials
5
Verdict
HAS Forex Robot by Don Steinitz assures high returns with its multiple-currency trading system that works on all timeframes simultaneously. The vendor provides monthly trade reports to prove the efficacy of the system. The trading logic and timeframe used are explained. However, there are no backtests and the vendor does not reveal details on the features of the FX robot. While the price is not expensive, the lack of a refund offer makes us suspect the reliability of the system. The absence of a verified performance report and the suspicious-looking results present on the official site are other downsides that we noted in this FX EA.

Leave a Reply

68  +    =  69