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Reaper Forex Robot promises profitable trades that cannot be manipulated by brokers. It is an automated FX robot that does not need manual trading. As per the developer, the FX EA has generated $109,752 in the last 30 days and $82,772 in April 2022. This FX EA is developed and promoted by the Forex Robot Trader company founded by Don Steinitz. He and his team of programming experts have designed several FX trading tools. Other products of the firm include Vader, Odin, Falco, Ganon, and many more.
Reaper Forex Robot strategies and tests
According to the developer, the FX robot calculates the hidden areas of support and resistance where the price will reverse. The robot waits for the price breakthrough to find big price movement surges. It manages stop levels actively to secure profits. In the event of a direction change in the price movement, the FX EA stops automatically and reverses its position. No backtesting results are present to explain the strategy.
The main features of the expert advisor that give it an edge over its competitors are:
- It is a 100% automated trading system without any manual trading requirement. You need to just load the system on your chart and the robot will take care of the trading.
- The design is based on the most reliable manual system and is compatible with the MT4 platform.
- This FX robot tracks the markets 24/5 ensuring all the best opportunities are exploited.
- The system can work on all currency pairs. It can adapt to any pair easily.
- Setting up the system takes just a few minutes even if you are a newbie trader.
- It can be used with other FX robots and the vendor encourages its use with other products to ensure the best results.
Reaper Forex Robot live trading account review
We could not find verified trading results for this FX robot. Instead, the developer provides monthly performance reports for the system. Here is the performance report for May 2022.
Performance report of Reaper Forex Robot on the official site
From the above stats, we can see that a total net profit of 76,975 is generated by the system for a total of 488 trades. Profitability of 82.99% and a profit factor of 8.28 are present. The maximum drawdown is 0%. From the results, it is clear that the performance is good with minimal risk. However, since the results are not verified by a reputed third-party site like Myfxbook, FXBlue, etc. we are unable to assess the efficacy of the FX EA.
Pricing
You can purchase the FX robot for $79. The original price of the system was $199 which has been reduced to $79 after a 60% discount. We could not find info on the features available with the package as the developer does not provide the details. No money-back guarantee is present which makes us suspect the reliability of the product. When compared to the market average, we find the price is quite affordable.
Is Reaper Forex Robot a good system to rely on?
If you are considering investing in this FX EA, here are some influencing factors you should know about before you decide:
- There is no verified track record for the system. The developer provides unverified monthly performance reports only.
- No backtesting results are present to corroborate the efficacy of the strategy.
- There is no refund offer provided for the product which raises doubts about the system’s reliability.
- The pricing is inexpensive when compared to the average market price.
User reviews for the Forex Robot Trader company on the Trustpilot site
Unfortunately, we could not find user reviews for the system on reputed sites like Forexpeacearmy, Trustpilot, etc. However, we found 13 reviews for the Forex Robot Trader company with a poor rating of 2.5/5. From the user feedback, we find that the support and performance are poor.
Customer support
For support, an FAQ section, a support center, and an online contact form are present. A software manager section is present which helps to guide you on the download of software, licensing the new FX account numbers, and other related tasks.
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