Cairo is a dynamic and swift trading algorithm that shows over 99% lucrative deals in its backtesting results. The system generally opens several trades in a week and completes them on the same day. It was created very recently on January 19, 2021 by Ruben Octavio. The software has two versions, namely the MT4 and MT5 versions, on the MQL5 community.
It was updated on February 15, 2021 to a 1.43 version and its demo has been downloaded 2531 times. The vendor claims to steer clear of precarious strategies. It is offered at $249 for one month and $399 for purchase. You can test the tool on a free Demo account. Is this Forex robot reliable? Let us find out in the review below.
Cairo Trading Strategy
Cairo is an automatic trading system. It claims to have 99% backtesting data quality with real slippage numbers and spreads. This represents tick data of five years in total. However, the vendor does not disclose its trading strategy.
It trades only EUR/USD currency pairs and uses M1 timeframe. But, you can also use your own timeframe. The trading tool opens trades occasionally and closes them within the same day. It opens one trade at a time so as to avoid a grid. Plus, it estimates Take Profit and Stop Loss for trades.
You can use set or dynamic lot sizes as per your current balance. Additionally, you can change the Take Profit, max lot, max spread, magic number, stop loss, CCI, and dynamic lot. As per the developer, the software does not use risky strategies and the recommended broker is Vantage FX. You can use it on MT4 as well as MT5 platforms.
Cairo Features
Some of the top features of the Cairo Forex robot are as follows:
- Weekly trades are closed on their opening day itself
- Does not use trading strategies like martingale, grid trading, averaging, smart recovery, etc.
- Recommends using the Vantage FX broker
- There are two versions of it – MT4 and MT5
- Has an active group on Telegram wherein you can keep track of the most recent market progress and talk about your trading experience (This is a common group for all Ruben trading tools)
- There are fixed Take Profit and Stop loss to protect the deals, which you can customize as per your convenience
- If you want better trading results, you should trade using the system’s default settings
Cairo Backtesting Results
The vendor claims that it has a 99% win rate in backtests. There are different backtesting results for static and dynamic modes. In the Cairo dynamic mode backtesting results, the first deposit was $500, which is now a total net profit of $111029.60 with a maximum drawdown of 0.56%. The account has a Profit Factor of 203.31 with a recovery factor of 11.33. It has closed 1080 deals and 540 trades. The win-rate for long and short positions are 99.81% and 100%, respectively.
Cairo Live Trading Results
Cairo has its live trading results on the MQL5 site. It was created in March, 2021 with the first deposit of $100 and has a leverage of 1:100. In a total of 24 trading days, it has 46.07% growth and $45.95 in profits.
The system places 30 traders with only one loss, which is pretty nice. However, these are unverified trading results. They are not verified by a third-party website such as FX Blue or Myfxbook. Therefore, we can’t trust its trading results.
Cairo Reputation
There are a total of 22 reviews on the MQL5 website. Most of the reviews are positive. However, the negative reviews state that this is a risky EA, which is not tested on a real market and is only tested on backtesting. Moreover, people say that the EA has no trading logic and is only for test products. There are some execution problems as well.
We cannot trust these reviews as the developer could have easily manipulated these reviews by paying these people. Since the automated system has started very recently, not many traders would know about it yet.
Cairo Review Summary
- Strategy – 1/10
- Functionality & Features – 3.5/10
- Trading Results – 2.5/10
- Reliability – 1.5/10
- Pricing – 2/10
Conclusion
Cairo is recently released. The tool has a real USD account that trades only the EUR/USD pair. As per its trading results, it has only lost one trade to date. However, its live trading and backtesting results are not verified.
Before we can say anything about a trading robot’s performance, we must evaluate its trading results for at least six to nine months. Since this EA does not have that, we cannot say anything about its performance or trust it as of now. It’s quite risky and unreliable as well.
Plus, it’s offered at a high price of $249 for one month and $399 for purchase. This is the introductory offer, which has only two copies left out of 10. After they finish, it will be sold at $499. Most of the signals are offered at $50 to $100 per month. This is why we do not recommend this trading system.
