Bober Lannister is a Forex expert advisor that works on both MT4 and MT5 trading platforms. It was launched in October 2019 and is sold on the MQL5 marketplace. The current price of this robot is $499, which is pretty close to the market average. According to the vendor, this is a discounted price and the next price will be $1200. There is a free demo version of this system that you download for testing purposes. However, the vendor does not offer a money-back guarantee.
Bober Lannister trading strategy
This is a fully automated trading system that executes only one trade at a time. It does not use martingale or other risky strategies based on recovery algorithms. No matter what the result of a particular trade is, the lot size for the next order will be selected based on the risk settings.
The virtual take profit and stop loss always keep the same distance. There are three modes for this EA, namely Portfolio, GBPUSD beast, and custom setup. With the Portfolio mode, you can trade in multiple pairs simultaneously. It is a one-click mode that only requires you to click the start button.
The GBPUSD beast mode is also a one-click setup using which you can trade in GBPUSD. Here also, the input and currencies are pre-adjusted. For the custom setup mode, you can adjust the inputs in the settings tab. The inputs include trading direction, order type, fixed or float lot, custom indicator period, time filter, start and end minutes and hours, maximum drawdown, waiting hours before opening new trades, etc. You can also program the EA to disable trades over the weekend.
Bober Lannister features
This EA supports pairs like EURCHF, GBPUSD, EURNZD, CHFJPY, EURAUD, and others. Since this is not a broker-sensitive system, you can select any reliable broker. For best results, you should select one that offers low spread and commission. The developer recommends using leverage of 1:30, 1:100, or 1:500.
To get started with this robot, you need to make a minimum deposit of $100. There is no need to study manuals to understand how the robot functions. It has user-friendly settings and is able to overcome high broker commissions. The developer offers free live sets for users.
Bober Lannister backtesting results
Here we have the results of a backtest for Bober Lannister. For this test, the EA placed a total of 4953 trades, winning 65.29% of them and generating a total net profit of $1916908.01. It achieved this using an initial deposit of $10,000. The profit factor for this backtest was quite decent at 1.58.
Looking at the high relative equity drawdown of 25.12%, we can tell that the robot was using a high-risk strategy. There were 25 maximum consecutive wins and 8 maximum consecutive losses for the testing period.
Bober Lannister live trading results
Unfortunately, the vendor has not shared the verified trading statistics for this expert advisor. As such, we have no option but to analyze the live monitoring account on MQL5. This account was launched on March 4, 2021. To date, it has had 250 trading days, during which the robot has conducted 3216 trades.
The profitability for this account is currently at 65.17%. This is similar to what we saw in the backtest. The total profit currently stands at $213.98, while the profit factor is 1.12. Compared to the backtest, the profit factor is slightly low. The maximum drawdown is 37.8%, which is a bit higher than normal.
There have been 23 maximum consecutive wins and 12 maximum consecutive losses for the EA. The average profit and loss are $0.94 and -$1.56, respectively.
Bober Lannister reputation
The developer behind this system is known as Arnold Bobrinskii. This person is a native of Russia and has been present on the MQL5 website for over eight years. We don’t have any background information on the developer or the people he works with. Other EAs from this seller include Bober Crypto and Bober Real.
There are no reviews for this expert advisor on websites like Quora, Myfxbook, Forex Peace Army, and Trustpilot. While there are some reviews on MQL5, we cannot consider them authentic.
Bober Lannister review summary
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 5/10
- Reliability – 4/10
- Pricing – 5/10
Bober Lannister is a robot that has no verified track record of winning profits in the live market. We don’t know much about the developer behind the system and there is no money-back guarantee protecting your investment provided.
