Forex Robots

FXMath X-Trader Review: it works a short period of time

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FXMath X-Trader

An FXMath X-Trader is an expert advisor that has a mediocre presentation that doesn’t provide us with all the necessary information we need. The devs claimed that the system is “Perfectly Automated Algorithmic Trading System.” It’s hard to trust it blindly.

FXMath X-Trader mentions

FXMath X-Trader mentions

This block of good for nothing intel includes a mention of Star-FX. We don’t know what this system is. There’s much information that brings zero meaning. It’s just useless wording that doesn’t help us with understanding if the system fits our trading expectations or not.

FXMath X-Trader random pictures

FXMath X-Trader random pictures

We have no idea why the devs kept these random pictures. For whom should they be useful?

FXMath X-Trader strategies and tests

There are several blocks with statements provided.

FXMath X-Trader claims

FXMath X-Trader claims

We have prepared a list of settings, details, explanations to help you systemize experience with this site.

  • The system is designed to automate our trading journey to success. We may do nothing in addition.
  • It was designed to work with MT4 only.
  • The support can be available 24/7.
  • The advisor will get updates if something goes wrong.
  • It can handle various market conditions.
  • The trading is allowed on any broker house.
  • Activating purchased copy allows us to trade immediately.
  • The leverage can be 1:100 or higher.
  • We can trade EURUSD on a terminal.
  • It can work with other cross pairs  too.
  • The system has a self updated algorithm.
  • We can work on the following types of accounts: Standard, Micro, Mini, Islamic, and ECN.
  • Low spreads are important to be profitable.
FXMath X-Trader backtest report

FXMath X-Trader backtest report

The system worked with EURUSD on the H1  time frame. The data period is 2018-2020. The modeling quality was 90.00% with 20-pip spreads. An initial deposit was $99.00. The total net profit has become  $44,472. The profit factor was 68.85. The maximum drawdown was 23.43%. FXMath X-Trader has traded 295 deals with an 89% win rate for shorts and 96% for longs.

FXMath X-Trader track record review

The system switched off real accounts. Something terrible happened. The devs, of course, provided no explanations.

FXMath X-Trader trading results

FXMath X-Trader trading results

It’s how their trading account looked like half a year ago.

FXMath X-Trader trading results

FXMath X-Trader trading results

Instead, another trading account was deployed. This account was created on October 11, 2021. The balance is impossibly low – ₽3522. The closed profit is ₽1566.07.

FXMath X-Trader statistics

FXMath X-Trader statistics

The absolute gain has amounted to 80.1%. An average monthly profit is 71.1%. The win rate is 83.3%. We have a profit factor of 65.69. There were 258.3 pips gained. An average trade frequency is 0.4 deals a day.

FXMath X-Trader risks

FXMath X-Trader risks

The ROI is 2.01. The risk of ruin is significant, 29.6%. An average trade is ₽130.51. An average win is ₽159.03 when an average loss is -₽13.10.

FXMath X-Trader directions

FXMath X-Trader directions

Almost all orders were traded in the Buy direction.

FXMath X-Trader magic number

FXMath X-Trader magic number

We have a single magic number behind the system.

FXMath X-Trader daily activities

FXMath X-Trader daily activities

The robot skips trading on Friday.

FXMath X-Trader hourly activities

FXMath X-Trader hourly activities

The advisor trades during the second half of the European session and American session until the end.

FXMath X-Trader monthly activities

FXMath X-Trader monthly activities

The advisor works with an insanely low frequency.

FXMath X-Trader closed orders

FXMath X-Trader closed orders

The advisor uses short grids of orders working without Martingale.

Pricing

FXMath X-Trader pricing details

FXMath X-Trader pricing details

There are three packages on the board: Silver, Gold, and Diamond. We can rely on a lifetime copy of the product, free updates, free support, one real and one demo account license. The Gold pack can be bought for $123. It includes two demo and two real accounts. The diamond pack can be purchased for $149. There are three real and four demo accounts. We have no money-back guarantee prvided.

Is FXMath X-Trader robot a scam?

We don’t know for sure. Changing accounts looks suspicious. An all new account is just several weeks old. The system is profitable but we don’t know how long the “holidays” will keep going on.

People feedback

Fake testimonial

Fake testimonial

Fake customer testimonial

Fake customer testimonial

We have some positive testimonials written about how good the system can be. We don’t know whether they are real ones, most of all they are not.

FXMath X-Trader’s page on FPA

FXMath X-Trader’s page on FPA

FXMath X-Trader has a page on Forex Peace Army with three reviews written that formed a 2.37 rate. There’s a paused account connected.

People testimonials

People testimonials

People claimed that the system is a scam and it would be better to avoid it.

FXMath X-Trader

4

FXMath X-Trader is a system that works with low frequency. We don’t know what strategies are behind it. We have seen only a Grid of orders. The presentation looks horrible with much misleading information. We can’t suggest someone use this system. It’s too suspicious.

  • Backtest reports provided
  • Trading results shown
  • No risk advice given
  • No strategy explanations provided
  • The robot works with impossibly low trading frequency
  • No refunds provided
  • Several negative comments are written

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