Forex Robot Reviews

Forex Fish Robot EA Review

Review of the Fish Forex Robot EA
 

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Forex Fish RobotEurUsdN/AHeavy MartingaleUnknownYesUnknownHUGE risk limitationwww.fishforexrobot.com

Performance (Forex Fish Robot EA Test Results)

License

Forex Fish Robot is being sold for 97$ through Plimus

 

Fish Forex Robot Strategy

Forex Fish Robot uses a heavy Martingale strategy, The EA would open a trade for say 2 lots depending on the number of lots you set it up to trade at first. Then if the trade stopploss gets hit, The EA will open 10 lots (5 times more than the previous losing position). We don’t want to go into further details on this and will end it here. This Strategy is a “Margin Call Lover”

 

Fish Forex Robot Recommended Brokers

FX Open and Iam FX are two brokers to consider when trading forex robots.

 

Conclusion

Rita “The Vendor” does not show much transparency on her website,  just a a couple of screen shots, one for her backtest and the other is for a couple of days of trading on what she claims to be a “Real account” with targets and stoploss being hidden (as if someone would ever figure out her trade logic by looking at the stops and targets). All that makes us even more turned off. 

As far as transparency we would give this a 2 out of 10 rating.

   

Safe To Buy?

NO!

Just don’t waste your time… High Risk Martingale EA… Fishy Vendor…

 

Fish Forex Robot Overall Rating

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