R0B0.1 is a Forex EA that eliminates emotions from the trading process, and lets you earn profits without any prior market experience. The vendor claims that this system can enhance your income by a great margin while minimizing your losses. It is also mentioned that this is a fully functional software that can be used by anyone without any financial constraints.
There are two options available for you if you wish to purchase the R0B0.1 system. The lifetime license costs $147 plus taxes, and it will let you use the robot for an unlimited period of time. Then there are the subscription options where you can use the software by paying $37 each month or $67 every 3 months. A 30-day return policy is applicable for this product, so you can request a return within 30 days in case you are not satisfied with its performance.
R0B0.1 Trading Strategy
This is a Forex EA created by a team of expert developers that automates all the trading moves, eliminating emotions from them. It is an optimized and advanced platform that monitors market conditions with the help of computer algorithms. The vendor has mentioned that it uses 10 special indicators for this purpose. However, nowhere on the official website is it mentioned what these 10 indicators are. We have little or no information about the actual trading strategy used by the robot, which many consider a vital piece of information. It gets a little difficult to assess the system objectively in the absence of strategy insight.
R0B0.1 Features
R0B0.1 is a Forex EA that can be used for trading in 28 different currencies. The vendor recommends that you start trading with a balance of $250. It works on the Metatrader 4 and 5 trading platforms and is said to have an accuracy of 90%.
Since this robot operates on a 24/7 basis, you don’t need to worry about missing out on trades. Regular updates are provided for the software as well.
R0B0.1 Backtesting Results
This backtest was conducted on the USD/JPY pair for the H1 timeframe starting from September 2020 to December 2020 with a modeling quality of 27.34%. We think this is a very short period of time for conducting a backtest. Furthermore, the modeling quality is extremely low, which makes us skeptical about the results of the test.
An initial deposit of $1000 was used for this backtest, out of which a total net profit of $2339.05 was generated by the robot. Only 21 trades were placed during this period, out of which 20 were won, thus making the profitability 95.24%. The largest profitable trade was $200.35 while the largest loss was $1.98, which is negligible.
While the relative drawdown of 3.12% was quite low, the profit factor for this backtest was 55.83, which is unrealistic. In spite of the high profitability, we don’t think we can put too much weight on this backtest since it is based on such a small sample size.
R0B0.1 Live Trading Results
There are no live trading results provided by the vendor on the official website. Even after conducting additional research, we were unable to find any verified trading results for this robot. This is extremely disappointing since most Forex traders would not even consider investing in a system that does not furnish live trading results.
From these trading results, we can know how the system performs in the live market. When they are verified by a third party, it acts as a sign of authenticity, since there is no way the vendor could manipulate the results. The absence of live trading results is a major red flag since we cannot gauge the system’s profitability based on the backtesting data alone.
R0B0.1 Reputation
R0B0.1 was founded in 2016 by a group of friends who wanted to build automated Forex trading software. It was not before 2021 that it was released to the public. There is no information available on the company’s background and history, however, and none of the team members’ identities have been revealed. We don’t know if this company has developed any other Forex EAs in the past.
There are no customer reviews for R0B0.1 on websites like Myfxbook, Quora, Trustpilot, and Forexpeacearmy. Clearly, it hasn’t managed to earn a reputation for itself yet, and not enough people are using this robot as of now.
R0B0.1 Review Summary
- Strategy – 5/10
- Functionality and Features – 5/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 5/10
Conclusion
After carefully analyzing the various aspects of the Forex EA, we have reached the conclusion that it is most probably a scam service. The backtesting data provided by the vendor does not seem genuine, and there are no live trading results to be found either. Furthermore, we don’t have any information related to the vendor and as such think it’s unwise to invest in it.
