ReviewsTrading Robots

FXMath X-Trader Review

0
FXMath X-Trader

FXMath X-Trader is a Forex trading tool designed to provide us with automated trading.Unfortunately, its presentation is brief and not informative enough. It’s hard to find answers to our questions. The main statement is that FXMath X-Trader is a “Perfectly Automated Algorithmic Trading System.” It’s hard to trust it blindly. Therefore, we have decided to conduct a detailed analysis of this FX ATS.

FXMath X-Trader mentions

FXMath X-Trader mentions

We have been seeing this mention of Star-FX for a year or so. This means that the devs haven’t checked the site for a whole period.

FXMath X-Trader random pictures

FXMath X-Trader random pictures

These random stock photos with just the name of the robot look out of place.

The presentation is short and doesn’t look like the one that was written by professionals. We don’t know much about the developers behind this system.

What is behind FXMath X-Trader?

FXMath X-Trader statements

FXMath X-Trader statements

The advisor has some details mentioned. We have picked the most important ones, added some of them that we’ve noted from trading results, and united them in the list.

  • The system was designed for running charts automatically for us.
  • We can rely on 24/7 support.
  • The system will be updated if needed.
  • It can work under various market conditions.
  • We may start trading as soon as we purchase it.
  • There’s a self updated algorithm.
  • Trading is allowed on the accounts: Standard, Micro, Mini, Islamic, and ECN.
  • It should be set to trade on the low spreads accounts.

Key features

  • It opens orders on the MT4 terminal.
  • It works with EURUSD.
  • We can customize them for other pairs.
  • The leverage level should start from 1:100.
  • We can trade on any broker that we want.
  • There’s no intel about the time frame.

Trading strategy

FXMath X-Trader backtest report

FXMath X-Trader backtest report

The strategy wasn’t mentioned. It looks odd as we do not know what trading approach the system uses to generate profits.

The devs shared a backtest report for EURUSD. The test was performed on H1 on two years of tick data from an unnamed broker. The modeling quality was 90.00% with 20-pip spreads. An initial deposit was $99.00. The system has made $44,472 of the final profits. The profit factor was 68.85. The maximum drawdown was 23.43% ($8151). FXMath X-Trader has traded 295 deals with an 89% win rate for shorts and 96% for longs.

Pricing

FXMath X-Trader pricing details

FXMath X-Trader pricing details

The developers introduced three packages: Silver, Gold, and Diamond. We have no Christmas sales. The Silver pack costs $99 for a real and demo account license. The Gold package can be available for $123 for two real and two demo account licenses. The ultimate package, Diamond, costs $149 for three real and four demo accounts. The devs don’t support us with a refund policy.

Trading performance of FXMath X-Trader

FXMath X-Trader trading results

FXMath X-Trader trading results

This account was started on October 11, 2021. So, it’s a young one. The balance is ₽4799. The closed profit is ₽2843. There are no orders on the market.

FXMath X-Trader statistics

FXMath X-Trader statistics

The absolute gain has become 145.3%. An average monthly profit is 46.9%. The win rate is 85%. The profit factor is 60.59. An average trade frequency is 0.3 deals a day. The account exists for 67 days.

FXMath X-Trader risks

FXMath X-Trader risks

The risk of ruin of the account is 30.7%. An average win is ₽170.05 when an average loss is -₽15.90. The system holds trades open for 23.7 hours on average.

FXMath X-Trader directions

FXMath X-Trader directions

The Buy direction is traded twice frequently – 13 orders.

FXMath X-Trader magic number

FXMath X-Trader magic number

We have only one magic number behind the system.

FXMath X-Trader weekly activities

FXMath X-Trader weekly activities

The advisor doesn’t like to trade Friday and keep orders over a weekend.

FXMath X-Trader daily activities

FXMath X-Trader daily activities

It places deals only on the American session.

FXMath X-Trader monthly activities

FXMath X-Trader monthly activities

We may note that only a single order was traded in November 2021.

Customer support

We don’t know if the system is supported by the proper customer support. We have no real testimonials written about this.

People feedback

Customer review written on the dev’s website

Customer review written on the dev’s website

Customer testimonial written on the dev’s website

Customer testimonial written on the dev’s website

As usual, the presentation includes only positive feedback. We can’t trust these faceless posts blindly.

A page of FXMath X-Trader on FPA

A page of FXMath X-Trader on FPA

The company runs a page on Forex Peace Army with four reviews written that provided a final rate of 2. We may note that there’s a real account paused.

Customer reviews on FPA

Customer reviews on FPA

The last testimonial mentioned that the system has brought huge losses for a trader.

FXMath X-Trader Summary: Worth it or not?

6

FXMath X-Trader is a robot that trades extremely rarely. The system doesn’t look like the right bet. If it opens just several orders monthly and it can take several years to generate a desired income.

  • Backtest reports provided
  • Trading results shown
  • Affordable pricing
  • No team revealed
  • An absolutely weird presentation
  • The system trades with high risks
  • We don’t know what profits can be, trading with low risks
  • There are many negative comments written

Buy the Dip Market Strategy: When Does It Work?

Previous article

Bid vs. Ask Price: How to Use It In Strategy Successfully?

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Reviews