Pterodactyl Forex Robot was developed and marketed by the Forex Robot Trader team. EAs are created to assist and guide traders navigate the perilous journey of trading. We aim to check if buying this EA is worth it? Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Pterodactyl Forex Robot Review
Pterodactyl Forex Robot was developed by forexrobottrader.com. Forex Robot Trader is a developer that offers both paid and free EAs since 2006. Forex Robot trader on their website lay claim to having more than 20 forex robots in their arsenal, with notable names such as Odin, Ganon, Vader, reaper, Falcon, and others.
This EA works with advanced fractal calculations and retracement. The sales page of this EA claims that this EA has made up to $217,673 so far this year, $38,755 in April and $50,994 last 30 Days.
The sales page states 6 reasons why this Pterodactyl Forex Robot should be used:
- Automated Fractal Trading
- Incredibly Intelligent
- Built On a Powerful Strategy
- Perfect For Anyone
- Any Pairs You Want
- Better Trades in Minutes
How Pterodactyl Forex Robot EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 Platform, it works on multiple currency pairs: AUD/USD, EUR/AUD, CAD/JPY, EUR/CAD, EUR/CHF, EUR/USD, EUR/GBP, GBP/CAD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY
Forex Robot Trader doesn’t provide an in-depth explanation or insight as to how this EA’s strategy works. As mentioned earlier, the sales page claims that the EA works by advanced Fractal calculations and retracements. The sales page says that the algorithm behind this EA estimates the strength of a particular trend and calculates the best time to enter the market based on retracements. And once a retracement is observed it plots fractal set ups and trades them for you automatically.
Pterodactyl Forex Robot EA Price
Pterodactyl Forex Robot at the time of this writing costs $79.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
After going through all aspects of this EA, we are not satisfied with gaps between what it promises and what it delivers.
Due to lack of feedback we couldn’t gauge the overall satisfaction of the customers.
This EA although not on the high side, is very vague about an important part of its operation, its strategy. And as such we won’t be recommending the use today as we aren’t sure of its efficiency.
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