Bober Lannister is a fully automated cross-platform FX robot. It does not use dangerous methods such as the Martingale recovery strategy. Instead, it uses the same lot size, virtual TP, and SL for achieving high profits and minimal losses. Arnold Bobrinskii is the author of this FX EA. He is based in Russia and has more than 9 years of experience in developing FX trading tools. He has created 4 products and 5 signals. Arnold’s other products are Bober Real and Bober Crypto.
As per the author, this FX EA uses a safe and effective strategy to achieve profitable results. He mentions that the design of the EA is concentrated on the forward test results to prevent overfitting. In this review, we have analyzed the features, functionality, support, performance, and other aspects of the FX robot to verify the claims of the author.
What is behind the Bober Lannister EA?
According to the info provided by the developer, this EA executes one trade at a time. The subsequent orders always have the same lot size as set in the risk settings irrespective of the results of the previous order. The SL and TP levels are maintained at the same distance. Real ticks data has been used to optimize the live settings.
The significant features of the FX EA that make it competitive in the market as per the author are:
- The FX robot is fully automated and is easy to set up and use.
- It works on any currency pairs but the author mentions the EURCHF, CHFJPY, GBPUSD, EURAUD, and EURNZD as his favorite pairs.
- The trading tool is not broker-sensitive so you can select any broker of your choice but the author recommends a broker with a low spread and commission.
- For leverage, the author recommends using 1:30, 1:500 and 1:100.
- A minimum deposit of $100 is required to use the EA.
- It has user-friendly settings and does not need elaborate user guides for using it.
- Free live sets are provided for the FX robot.
The author does not reveal the strategy used by the FX EA. But a backtesting result is present on the MQL5 site. Here is a screenshot of the strategy tester report:
From the above report, we can see that a total net profit of 1,916,908 was generated for an initial deposit of $10,000. A total of 4953 trades were executed with 65% profitability and a profit factor of 1.58. A drawdown of 22% was present. From the results, it is clear that the profits are high and the drawdown is low indicating a low-risk and effective approach.
To buy this FX EA, you need to pay $499 which the author mentions is a discounted offer with the next price being $1200. A free demo is present for the product. The author does not reveal further info such as the features you get with the package and the money-back guarantee. The absence of a refund policy makes us suspect the reliability of the product. When compared to the market average, we find the pricing is expensive.
Trading performance of Bober Lannister
A real live USD account is present for the FX robot on the MQL5 site. Here is a screenshot of the trading stats.
From the above info, we can see that the account that started in March 2021 shows 342.80% growth with a profit of $684.57 for a deposit of $200. A total of 4148 trades have been executed with 65% profitability and a profit factor of 1.25. The drawdown is 37.8%. Although the growth shows effective trading, the high drawdown shows a risky approach is used. Further, comparing the backtesting with the real trading info, we find the drawdown is higher in real trading confirming the risky approach.
For support, the author provides a Telegram channel link and the private messaging feature on the MQL5 site.
We found 15 reviews for the MT5 version of the FX EA with a rating of 4.57/5. While the reviews indicate the performance of the EA is good, we could not find feedback on third-party verified sites such as Forexpeacearmy, Trustpilot, etc. to back the positive reviews.