Forex Robots

Cosmonaut Review: Is It Reliable?

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Cosmonaut Review: Is It Reliable?

Cosmonaut FX EA is a fully automated expert advisor that includes an order protection mechanism as part of its offering. The vendor claims that this robot features an advanced money management system. That system enables trading with little drawdown and maximum profitability.

Cosmonaut is a completely automated EA that works on both the MT4 and MT5 platforms. It’s powered by Cash Maker, an unverified online marketplace where you can buy trading tools, both automated and manual.

Cosmonaut Review: Is It Reliable?

Using Cosmonaut

According to the vendor, the EA is fully automatic and does not require the owner’s participation. Additionally, the robot is built to work with a total of twelve currency pairs simultaneously. This allows you to diversify your trading.

The set up process

With Cosmonaut, you can get up and running in around five to ten minutes at the most. To get Cosmonaut up and running, simply follow these steps:

  • Go to the vendor’s website and buy the robot.

The official website page for purchasing the robots

  • The files can be downloaded on your computer by clicking the button below.
  •  Open the MT4 or MT5 terminal and log in to your trading account.
  •  Add the downloaded .ex4 or .ex5 robot files to the chart section.
  •  Enable auto trading.

Cosmonaut strategies and tests

When scanning price channels, the Cosmonaut FX trading robot looks for price deviations from the average value. Consequently, it selects trading opportunities that are as favorable as possible. According to the creator, the robot does not employ martingales.  When the instrument deviates from its average value, the EA initiates orders based on its analysis of price channels.

Cosmonaut live trading account review

This EA’s live trading statistics are not available from the seller. Instead, they present a series of screenshots that depict what a real-world account looks like. These pictures show the amazing 2405.92% profit growth in the period between April 2016 and January 2022. No information to date, not to mention the same pictures are used to advertise all products by Cashmaker.

The screenshot demonstrating profit growth

But we don’t know if Myfxbook, a reputable source, is able to authenticate them. As a result, you can’t trust them as much. This lack of openness is disturbing.

Features

  • M15 is the best timeframe suggested for trading by the devs.
  • Cosmonaut FX runs on the MetaTrader 4 or 5 platform.
  • Trading assets include 12 minor and major trading pairs: GBPCAD, EURAUD, GBPAUD, EURCHF, AUDCAD, AUDNZD, EURUSD, GBPUSD, USDCAD, EURCAD, CADCHF and USDCHF.
  • The Asian trading session is the robot activity period.
  • Account type required: RAW (ECN), which means a narrow spread.

Pricing

There are two pricing tiers available with Cosmonaut. Optimal is a €299 subscription that gives you access to a limitless number of accounts. In addition to the lifetime license, you’ll get access to online assistance and step-by-step instructions when you purchase this package.

The Economy option, which costs €249, only allows you to access one account. However, features of the Optimal option are also included in this package.

The Cosmonaut FX pricing options

The developer offers a money-back guarantee. However, if you’re not satisfied with the robot’s performance in the live market, you won’t get your money back. In other words, the refund is for any technical issues you could have with the robot.

Is Cosmonaut a good system to rely on?

The official software site provides no information on the company’s name. Therefore, it is not fully transparent. Other than mentioning the company’s European headquarters, the vendor makes no mention of the company’s inception year, personnel, or a way to get in touch.

The robot or the company behind it make no appearance on such authoritative platforms as FX Blue, Myfxbook, Forex Peace Army, or TrustPilot.

Cosmonaut’s reputation

The company posts some positive customer comments on its website. However, we were unable to find any testimonies about this EA on reputable third-party websites. For example, TrustPilot does not even mention them. This can mean only one thing: the reputable review platform was unable to verify the company. For this reason, we can say there are no legit customer feedback.

Customer service is available via email, and emails processing takes place during daylight European time UTC+2.

Who should use Cosmonaut?

Cosmonaut EA recommends itself to any trader, irrespective of their experience and preferred assets. The devs state that any forex trader can utilize it. No reliable source can confirm the security of such usage, though.

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Cosmonaut review summary

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Cosmonaut is a low-cost, fully automated trading platform that supports a wide range of currency pairs. It takes full control of your investment in its algorithmic trading. There are some backtesting and performance records for this software that look shamelessly fabricated. And there is no information about the EA shared on any third-party sites to prove it even exists.

Pros
  • Supports a total of 12 different currency pairs
  • The trading process is fully automated
Cons
  • Insufficient information on the company's founders, location, and contact information
  • The company and its product have not been confirmed by any reputable sources.
  • MyFXBook live results shared on the website are not verifiable
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