Is Absolute FX reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
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About Absolute FX
Absolute FX is a forex robot available on MQL5 website. The developer of the EA is Aleksei Ostroborodov from Russia.
According to the vendor, the system can be purchased at the rate of $75 and a free demo.
Absolute FX claims to give advantage in the financial market with its expert strategy. Here, the system uses hard stop loss and take profit, spread control, and trailing stop (optional).
Absolute FX : Reasons to Avoid this EA
Firstly, Absolute FX is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There is only one customer review on MQL5 where the product is sold. This shows the EA is either not reliable or trustworthy.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Absolute FX Trading Strategy
Absolute FX uses scalper that focuses on reversal patterns. The vendor uses no grid nor martingale, but price action trading system.
Also, the system operates on EURUSD and GBPUSD currency pairs. As for the time frame, M30.
Absolute FX Trading Results
According to the verified result on myfxbook February 25, 2021, the EA traded on real USD Absolute FX MT5. The account had a deposit of $1,000 with a monthly gains of 2.05% and drawdown of 10.5%.
Also, the account closed 51 trades with an average win of 6.99 pips and an average loss of 2.02.
Conclusion: Is Absolute FX a Reliable Forex Robot?
Absolute FX does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
