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.
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.
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?
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.
- 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.
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.
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
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.
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.
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.
The Buy direction is traded twice frequently – 13 orders.
We have only one magic number behind the system.
The advisor doesn’t like to trade Friday and keep orders over a weekend.
It places deals only on the American session.
We may note that only a single order was traded in November 2021.
We don’t know if the system is supported by the proper customer support. We have no real testimonials written about this.
As usual, the presentation includes only positive feedback. We can’t trust these faceless posts blindly.
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.
The last testimonial mentioned that the system has brought huge losses for a trader.