Ganon is described as an elite Forex robot that is frightening brokers everywhere. Apparently, it assists you to wage war on brokers with its distinctive strand theory that identifies the healthiest trend trades while getting rid of fake outs. The system’s performance is allegedly so good that it puts other EAs to shame. Let’s see if this is true in this review.
Ganon is priced at $79. The devs used to sell it at $199 before they decided to lower its price. Unfortunately, a refund policy is not part of the package.
Ganon Forex Robot trading strategy
The EA finds big trades utilizing advanced trend direction. Since finding a reliable trend can be a daunting task due to the noise on Forex charts, the strategy focuses on identifying the most reliable trends. At the same time, it avoids noise and broker fake outs. The devs call this algorithm “Strand Theory.”
Ganon Forex Robot features
According to the vendor, the EA comes with several features:
- It has 2 modes of operation to fit any style; hyper mode for more trades and normal mode for larger trades.
- It can work on any account size, including micro and mini accounts.
- The EA has a sleek chart template meant to make your screen shine.
- It’s user friendly, so it doesn’t require any experience to operate.
- You can use the robot alongside other systems.
Ganon Forex Robot backtesting results
The system’s presentation does not include backtesting results. Some traders might feel let down by this. This test is a useful process to make out if the strategy on board is viable. Additionally, it can be a beneficial way of understanding the market the EA is trading.
Ganon Forex Robot live trading results
As with most of their trading bots, the devs don’t supply us with verified results. All we have are monthly performance statements whose authenticity is questionable. Have a look below at how the system has performed in the month of February.
When Ganon began trading in February, this account had a standing balance of $17747497.40 from years of trading. The system has worked with this amount to generate a total net profit of $47970.10. Trades are placed quite frequently as we have 423 orders implemented already within ten days of trading.
The average profit trade is $143.82, while the average loss trade is -$98.98. This means that the robot has a higher probability of recording profits than losses. The drawdown is 0%, whereas the success rates for short and long positions are 84.80% and 89.95%, respectively.
Ganon Forex Robot reputation
Forex Robot Trader (FRT) is the author of this system. The company is reputed for producing automated trading systems for this market. So far, it has created Odin, Vader, Waverunner, Reaper, Pterodactyl, Directional, and others.
Ganon is mentioned severally on Forex Peace Army as traders give their opinions on the robots affiliated to the FRT company. The reviews are mixed. There is a trader who admitted that the EA performed well for him, while another one felt insecure about using it. Also, the robot generated an 80% drawdown for a user after making big losses severally. As you may have noticed, the reviews are outdated. So, we don’t know what customers currently using it have to say.
Ganon Forex Robot review summary
Based on customer reviews, traders can have different experiences with the robot. While some gain profits through it, others can suffer losses. The vendor’s failure to supply us with reliable trading data is quite suspicious since the EA allegedly brings in thousands of profits monthly. To clear any doubt about the efficiency of the algorithm, the devs need to use it on a live account on Myfxbook or any other trusted sites.
- Strategy – 5/10
- Functionality & features – 5/10
- Trading results – 2/10
- Reliability – 3/10
- Pricing – 7/10
