Absolute FX uses a special scalping approach that helps in achieving the maximum win rate. As per the developer, it does not use dangerous methods like Martingale or grid approaches. A 99.5%-win rate is assured with this system based on the backtesting results. You can buy this FX EA for $195. A rental package costing $30 is also available. The developer also offers a free demo account, which has been downloaded 572 times. Unfortunately, there are no details related to the features available with the package.
Absolute FX trading strategy
As per the info that the developer provides, this FX robot uses price action for making accurate entries and exits. The scalping strategy of the ATS uses the reversal pattern and is termed a ‘no-loss’ method. A high return is assured with the trades being based on the trend, Bollinger Bands, and the trend. The author does not provide further explanation of the approach. We find the explanation is a bit vague as it does not provide a deeper insight into the system and its efficacy.
Absolute FX features
Some of the crucial features of this FX EA that make it competitive in the market as per the developer are:
- It uses a hard or a calculated SL and TP position.
- The robot uses regular or relative levels.
- You can trade in three different modes namely, manual, risk, and auto-volume.
- An optional trailing stop feature is present.
- Spread control is used by the FX robot.
- Backtesting results are present that were performed from 2015 to 2020.
- A minimum deposit of $200 is recommended with the leverage starting from 1:50.
- Default set files are provided for the GBPUSD and the EURUSD pairs.
Absolute FX backtesting results
A couple of backtesting results is present for this FX robot on the MQL5 site. Here is one of them:
From the above strategy tester report, we can see the EA used the Weltrade broker for working on the GBPUSD pair using the M30 timeframe from 2015 to 2020. For an initial deposit of $3000, the EA generated a total net profit of $21,548. For a total of 351 trades, profitability of 99.72% was present and the profit factor was 3665.78. The maximum drawdown was 22.54%. From the results, it is clear that the drawdown is not high and the profits look decent.
Absolute FX live trading results
A real live USD account of this ATS using the leverage of 1:500 on the MT5 platform is present on the myfxbook site. Here are a few screenshots of the trading stats:
From the above trading stats, a total profit of 30.86% and an absolute profit of 29.38% are present. The daily and monthly profits are 0.08% and 2.43%. For a deposit of $1000, the account that started in February 2021, has completed 96 trades. We find the trading frequency is very low for a scalping system. A drawdown of 10.65% is present which shows the approach is not a risky one. Profitability of 100% is present which is as claimed by the developer. Looking at the trading history, we find the lot sizes used include 0.05 and 0.06. The big lot sizes show the risks involved are high.
Absolute FX reputation
Aleksei Ostroborodov, the founder of Smart Forex Lab is the author of this FX EA. He is based in Russia and has four years of experience in creating FX robots. Other products he has made include Good Morning, True Range Pro, and Euphoria. In total, Aleksei has developed 11 products and 17 signals. For support, the author provides links to Telegram Channel, YouTube, and Instagram.
User reviews help to know the reputation of the vendor, the support, performance, and other aspects. Unfortunately, we could not find user reviews for this FX robot on trusted review sites like Forexpeacearmy, Trustpilot, etc.
Absolute FX review summary
- Strategy – 5/10
- Functionality & Features – 4/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 5/10
Absolute FX is a scalping system that uses a combination of methods including trend and Bollinger bands to identify and place successful orders. The developer provides backtesting results to prove the efficacy of the approach. Live trading results verified by the myfxbook site show that the drawdown is low. However, the big lot size and low profits make the performance an average one. The lack of a money-back guarantee and the absence of user reviews are the downsides of this FX EA.
