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.
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.
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.
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.
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.
It’s how their trading account looked like half a year ago.
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.
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.
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.
Almost all orders were traded in the Buy direction.
We have a single magic number behind the system.
The robot skips trading on Friday.
The advisor trades during the second half of the European session and American session until the end.
The advisor works with an insanely low frequency.
The advisor uses short grids of orders working without Martingale.
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.
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 has a page on Forex Peace Army with three reviews written that formed a 2.37 rate. There’s a paused account connected.
People claimed that the system is a scam and it would be better to avoid it.