Forex Astrobot is a trading software with advanced trading technology which analyses the Forex market to identify suitable trade setups to execute.
According to its developers, the EA was designed to make a difference for traders. They add that the system is the best fully automated trading tool that would help traders fulfill all their high aspirations of achieving trading success.
The robot has two packages as described below.
Forex AstroBot – $328
- Fully automated system
- Profitable BUY/SELL trades
- Money Management mode
- Remote assistance option
- Trailing stop feature
- Lifetime license
- User guide
Forex Astrobot + Forex AstroBot (Ultimate Version) – $757
- Advanced additional algorithm
- Profit multiplication mode
- Ultimate success rate
- Losing trades filter
- Support
- Remote assistance option
- Lifetime license
- User guide
Both packages are currently at a discount and can be purchased for $99 or $228.
The vendor states that the discounted price is a special offer for the first 300 customers. The purchase of any package is protected by a 30-day money back guarantee.
Forex Astrobot Trading Strategy
The developers only mention that the success rate for the first version is 25% while that of the second version is between 25% – 75%. The first version enters the trade with standard lot size while the second version enters the trade with increased lot size (1.3x)
The EA trades all currency pairs on M15, M30 and H1 timeframes. It works on the MT4 platform with any broker.
The developers recommend a small deposit of approximately $200 for a start.
Forex Astrobot Features
The developers of this system advise traders to regularly check the performance, monitor the results and adjust the robots accordingly even if trading with EAs is supposed to be fully automated.
They further inform traders to note that regardless of the robot they are using, it is important to run it outside of any major news announcements and when the market is consolidated.
The main features of this EA are:
- Money Management – This enables traders to alter their lot size in favorable market conditions.
- Trailing Stop – This ensures winning trades run while closing the losing ones early.
- Slippage – This is a built-in algorithm that prevents entering the trades with the wrong parameters in case of a dramatic change in the price value.
Other features include:
- 100% auto trading system
- 24/7 support
- Profitable trades
Forex Astrobot Backtesting Results
The developers provide some trading data to show how the robot works when trading on AUD/JPY, EUR/JPY, CAD/JPY and NZD/JPY. The system gained a profit of $16,124.90.
They also provide the screenshot to show how the EA ultimate version works on GBPUSD trading on H1. Here, it made a profit of $2899 in only 4 trades.
Forex Astrobot Live Trading Results
There are no live trading results provided on myfxbook, fxblue or fxstat.
We can only see a video on the vendor’s website where it shows “Forex AstroBot in Live Action”.
We are also told that the robot had 9 wins on M15 and total profit is $6,499.16. We couldn’t share the video as it was uploaded on the website directly with no external link that could have been available if it was embedded.
Forex Astrobot Reputation
This EA was developed by Rita Lasker and Green Forex Group. They not only sell Forex Astrobot, but also other trading systems like BUY/SELL Oscillator, Fish Forex Robot, Forex Daily Scalper, Forex SuperVisor and many more.
Most of her EAs are scams.
Rita is selling trading systems that will trade on autopilot on trader’s behalf. She is also offering investment services. However, she has no license to provide this kind of services, so she legally cannot sell her products in most countries.
If the systems she sells were as profitable and good as she claims she would be a millionaire and not be selling them.
The developers can be reached by filling a contact form available on the help page on the website.
When we searched for customer reviews on FPA and Trustpilot, we came out with none. The only feedback that is available are the ones attached on the vendor’s website which we don’t trust because they could be manipulated.
We have attached some of them below.
Forex Astrobot Review Summary
The developers of this system do not provide an explanation on which strategy is being used by the EA. Instead they only tell us about its success rate. We can only buy a robot that knows its trading strategy so that when anything goes wrong, we are aware of what to do.
- Strategy – score (4/10)
- Functionality & Features – score (3/10)
- Trading Results – score (6/10)
- Reliability – score (3/10)
- Pricing – score (2/10)
Conclusion
From our findings, we would like to see a proper explanation of the strategy and its backtesting report as well as trading results for a real account attached to either myfxbook or fxstat. The EA developer is more of a scammer. Most of her EAs are scams. She also offers investment services which require a license yet she has none.
Because of this, we suggest that you stay away from this EA.
