FX Oxygen is a Forex expert advisor that promises a stable monthly profit of 20%. It is a fully automated system backed by verified trading results and the vendor claims that it has been extremely successful so far in trading with real money.
There is no background information on the developer company. We don’t know anything about the team members and their working history, and it is unclear whether they have built similar automated trading systems in the past.
FX Oxygen was launched in 2015 and hasn’t had any notable achievements so far. These days, many vendors make false claims about their EAs. In order to gauge a system’s profitability, we must analyze its various aspects like live results, backtests, price, trading strategy, and customer reviews. Thus, it is necessary to conduct this review.
What is behind the FX Oxygen robot?
FX Oxygen operates 24 hours a day. It has been backtested for 10 years where it showed decent results. The developers first tested the system using their own money and they claim that the robot passed all trials and tests. The vendor has not clearly explained how this system works on how you should set it up.
FX Oxygen trades in two currency pairs, namely EUR/USD and USD/JPY. The vendor has not mentioned the minimum deposit amount and we don’t know which timeframe is most suitable for this robot. Although the vendor has not recommended any particular broker, we know that the live account uses the FXOpen broker.
This EA has two modes, namely Reliable and Highly profitable. The vendor has not explained either of these modes in detail.
Unfortunately, we don’t have any information on the trading strategy used by FX Oxygen. The vendor has not explained how the robot identifies profitable trades.
This backtest was conducted from 2006 to 2015 on the EUR/USD pair. The EA placed 1425 trades on the M30 timeframe, winning 51.23% of them and making a total profit of $147668.38. The relative drawdown for this test was extremely high at 30.79%, and this tells us that the robot follows a risky strategy. There were 10 maximum consecutive wins and 6 maximum consecutive losses during the testing period.
The current price of this EA is $210. Although the original price is $295, the developer is offering the first 500 copies at discount. Purchasing this EA provides you with a single lifetime license and access to free lifetime updates. The vendor also offers a detailed user manual and a 30-day money-back guarantee.
Trading performance of FX Oxygen
Since December 11, 2018, FX Oxygen has placed 503 trades through this account. It currently has a moderate win rate of 50%, which is slightly lower than what we saw in the backtest. The current net profit for this account is $2,680.69, and the time-weighted return is 10.72%. It has a profit factor of 1.05 and a drawdown of 34.81%, which is significantly higher than the backtest.
Here we have the recent trading history of the account. It is evident that the robot follows a risky strategy, as we can see multiple consecutive losses. When the lot size is around 0.10, the gain percentage is quite low. The highest gain can be seen for the 2nd of December, 2021, when the EA increased the lot size to 0.40.
There is 24/7 customer support available for all users. However, the website does not have a live chat feature and the vendor has not shared the official email address. The only way to get in touch with the team is to send them a message using the contact form.
There are no user reviews for this EA on websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook. On FPA, there is an account for this robot but it is currently closed. The weekly profit/loss for this account is -45.19%.