Screti Forex Robot is a robot with a simple three-page presentation. We did our best to systemize the most useful info.
There’s a sale on the bundle pack of 7 EAs. It cost 299 EUR. Now, with the sale, it costs 99 EUR. The developer doesn’t explain what features the pack has and tells nothing about a money-back guarantee.
Screti Forex Robot Trading Strategy
The developers told nothing about the strategy they put in the EA. Highly likely, according to the indicators the robot uses, it’s a trend or scalper EA.
Screti Forex Robot Features
Let’s try to gather features up:
- The robot trades fully automatically.
- It’s designed only for MT5.
- It trades only two symbols: EUR/USD, EUR/CHF.
- The leverage should be set at 1:200 or higher.
- It performs 24/5.
- The EA can work on any pair from the M1 to H1. Most likely, it uses a free buy-sell indicator.
- It uses several technical indicators to spot the trade: Moving Average, CCI, RSI, and Stoch.
- It trades without a need for people’s interaction.
- It can identify the best trend-trading opportunities.
- The monthly return expectation is up to 50%.
- The minimum deposit requirements are $200 for every EA.
- The time frame should be M1.
Screti Forex Robot Backtesting Results
The vendor didn’t provide backtest trading reports to us to check how the strategy performed on past data.
Screti Forex Robot Live Trading Results
There’s a real USD account that was created on June 3, 2020. It was deposited at $1000. Since then, the absolute gain has been growing, but the deposited money ($1000) is withdrawn (-$1498). The closed profit is +2731.12.
Only for trading results, we’ve found out that the EA trades three symbols: EUR/CHF, EUR/USD, and USD/CHF (completely little trades – 0.4%). The total return is +389.4%. The average monthly return is +30.3%. A weekly return is +6.5%. The win-rate is 76.8%. The Profit Factor is 2.96. The robot trades with a good frequency – up to 9 deals daily. The account is online for 176 days.
The robot trades with a high risk-reward ratio – 12.51. An average win is +$3.42, while an average loss is -$3.82. The robot closes deals in 5.4 hours on average.
As we can see, the most deals (1057) and profits (+$2351.63) were got on the EUR/USD. Anyway, EUR/CHF has a higher profit factor (3.70).
BUY and SELL directions were traded equally with a little advantage by open orders and profits of SELL.
The EA has nine patterns. The most profitable is #101, #102. and #104.
During Monday and Friday, the EA opened more deals than in other days.
The owner manually forbids to trade from 11 p.m. up to 2 a.m. in the periods of high spreads.
For the last six months, the EA showed consistent profitability.
The last four weeks let us know that profitability decreased in a big way.
The robot uses hedging and martingale to recover losses.
Screti Forex Robot Reputation
The developer has introduced him or herself but forgot to provide a link on the social network profile or at least a picture. The company doesn’t have a reputation in a common sense because Google doesn’t know about this company as well as Forex Peace Army with TrustPilot.
There’s a broker list on the site if we don’t have an account. Clinking on any of them, we’re sent at the top of the page.
Screti Forex Robot Review Summary
- Strategy – score (0/10)
- Functionality & Features – score (2/10)
- Trading Results – score (5/10)
- Reliability – score (3/10)
- Pricing – score (8/10)
Conclusion
Screti Forex Robot is a grid and martingale EA that performs a scalping strategy on the short-term time frame, scalping the littlest trends. The developers have hidden the fact that the robot uses high-risk strategies like Grid and Martingale. Few traders would like to use them on a no-one-know robot that’s half a year young. Pricing is out of control, too, because the pack includes 7 EAs. We almost know nothing about the main robot. The devs told nothing about the rest at all.
