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Hedge Forex Robot promises excellent growth in your trading with its automated system. As per the vendor, the FX robot uses the trend strategy and an integrated hedging method for ensuring high returns. The vendor claims that the system has generated $56.772 in the last 30 days and $175,151 in 2022 making it a very profitable expert advisor to own.
Don Steinitz is the developer of this FX robot. He owns the Forex Robot Trader company which develops and promotes several other FX robots like Odin, Vader, Falcor, Reaper, and a few others. Don Steinitz and his team of programmers skilled in MQL coding have developed the products of the company. The domain registration is from 2006 to 2022 under the Forex Robot Trader name. We could not find other details like the experience of the team members, the location address, phone number, etc.
Hedge Forex Robot strategies and tests
As per the vendor, the FX robot can work on any computer. You need to load the software on any number of currency pairs and the software will take care of the trading. It executes all your trading configurations without the need for manual intervention.
Some of the main features of this FX robot that make it competitive as per the vendor are:
- It works on the MT4 platform.
- It has stable performance tested for more than 10 years.
- It can work on an unlimited number of pairs simultaneously.
- The FX EA uses multiple timeframes.
- It uses the trend-following strategy and an integrated hedging method.
The developer claims that the robot starts from the highest monthly timeframe and scans the lower timeframes one by one until it reaches the initial counter-trend. Thus, the robot can identify the trend before other market participants enabling it to buy low and sell high. No backtesting results are present for the ATS. The absence of backtesting makes it difficult to analyze the approach and understand the efficacy.
Hedge Forex Robot live trading account review
Monthly performance reports are provided on the official site. Here is the report for April 2022.
Performance report of Hedge Forex Robot on the official site
From the details provided, we find the system has completed 259 trades with 100% profitability and a total net profit of 34,418.40. There is no drawdown. While the results show excellent performance, they are not verified by reputed third-party sites like myfxbook, FXBlue, FXStat, etc. We prefer verified results as they provide unbiased analysis of the trading. Further, the monthly performance report does not reveal info like the lot size, the risk to reward ratio, and other relevant details that help in getting a better insight into the system. The absence of a proven track record makes it difficult to properly assess the robot.
Pricing
You can purchase this FX robot for $49. The low pricing is due to the 75% discount provided for the original pricing of $199. We could not find info on the features you get with the package as the vendor does not divulge any details concerning the robot. There is no money-back guarantee present which makes us doubt the reliability of the software. When compared to the market average, we find the pricing is affordable.
Is Hedge Forex Robot a good system to rely on?
Our analysis reveals the following factors that influence the reliability of the FX robot:
- The strategy explanation provided is vague and is not backed by strategy tester reports.
- Monthly performance reports are unverified by third party sites like Myfxbook, FXBlue, etc.
- Pricing is affordable when compared to the market average.
- The absence of a refund policy makes us doubt the dependability of the product.
User reviews for the company on the Trustpilot site
Unfortunately, we could not find user reviews for this FX robot on review sites like Forexpeacearmy, Trustpilot, etc. However, we found 13 reviews for the Forex Robot Trader company on the Trustpilot site with a poor rating of 2.5/5.
Customer support
For support, the vendor provides an FAQ section, an online contact form, and a support center with useful guides and info on using the system.
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