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ROFX is a Forex EA claiming to be the best in the world and the only robot that guarantees loss coverage. Trading with this neural network based system does not require any special awareness or expertise. As per vendor claims, you don’t need to perform trial and error for operating this EA, and it can immediately take you to the top.
ROFX robot is managed by team of experienced traders and programmers. This system was launched in 2009 and it was tested using company funds before being released to the public. The company’s headquarters is located in London, UK and the project team consists of multinational members.
ROFX Strategies and Tests
ROFX runs on a self-learning neural network that allows it to upgrade itself while working round the clock to ensure a steady stream of gain. As the robot places trades, it learns more about the market, thus getting better over time. To use this EA, first, you need to register your managed Forex account, following which the system will start generating signals.
The trading signals will be reproduced to your managed Forex account. It is claimed that you receive a profit at the end of each day and that you are protected against losses. The vendor has hinted that the robot uses the Elliott Wave principle studying the market cycles and forecasting the market trends with the help of peaks and troughs in prices as well as investor psychology.
ROFX also knows the fundamentals of candlestick trading, fractal trading, and Fibonacci trading. Its algorithm performs a thorough examination of information and charts in several ways, choosing the one that poses the least risk while promising maximum profits.
The robot has several safety measures in place to protect the accounts of customers. Stop losses are used for minimizing losses, and a reserve fund protects the accounts against negative outcomes. Since the robot does not use leverage, the risk is reduced even further.
We don’t have the backtesting data available for ROFX, which is somewhat disappointing. Considering the fact that the robot was tested for several years before being released, we were hoping to find some quality backtesting data from which we could have known a thing or two about the system’s profitability and its performance based on historical data. In the absence of backtesting data, we only have the live trading results to base our assessment on.
ROFX Live Trading Account Review
Here we have a live trading account for ROFX that was launched on 30th July 2018. It has been active for a long time and has placed 284643 trades in total, generating a net profit of $118498371 from deposits of $10,000,000. The time-weighted return generated by this account is 1184.98%.
During its long years of live trading, this account has maintained a high win rate of 81%. The daily and monthly gains are currently at 0.26% and 7.99% respectively, while the drawdown is exceptionally low at 0.35%. This tells us that the robot closes most trades in profits and there is little risk of suffering huge losses while trading with it. It has a profit factor of 6.54, which is exceptional considering its long trading history.
Pricing
ROFX has an unusual pricing scheme where you make a deposit and pay a percentage of the profit you make. Such a plan may be suitable for those who don’t wish to pay a large amount of money for a Forex robot. There are six distinct pricing plans, namely Trial, Easy start, Moneymaker, Gold, VIP, and VIP PAMM2, and for these, the performance fees are 60%, 50%, 35%, 25%, 15%, and 15%, respectively. With larger deposit amounts, you need to pay less in terms of the performance fee.
Is ROFX a Scam?
ROFX has a legitimate track record of several years and there is no evidence of data manipulation. We don’t see the vendor making any unrealistic promises, which is a good sign.
There are several customer reviews for ROFX on the Trustpilot website, and most of them are quite positive. One user has praised the robot’s performance and expressed their satisfaction at the fact that the company offers proof of performance and transparency.
Referral Program
Every time a user refers a client to ROFX, they receive 2 % of each deposit in their account balance. For example, if their deposit is $1000, they will get a payment of $20, if $5000 is the deposit amount, they will get $100, and so on.
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