Is Ganon Forex Robot 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 Ganon Forex Robot
Ganon Forex Robot is a forex robot available on vendor website. Forex Robot Trader (FTR) is the company behind this system. It is an automatic trading robot that opens and closes orders.
According to the vendor, the system price is $79 with a -60% discount.
Ganon Forex Robot claims to give advantage in the financial market with its expert strategy. Here, the system has two modes that can provide a various number of open trades. It claims “Stop losses, take profits, trailing stops, and money management are all in the bag.”
Ganon Forex Robot: Reasons to Avoid this Expert Advisor
Firstly, Ganon Forex Robot is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with 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 are customer reviews on third party website — Forex Peace Army of which they all sound unsatisfied about the system.
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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
Ganon Forex Robot Trading Strategy
Ganon Forex Robot operates on a trend and counter trend strategy.
As for the currency pair, it operates on all currency pairs and no timeframe.
Ganon Forex Robot Trading Results
The vendor failed to provide back testing results for us to be able to estimate the system’s potential profits and losses based on past performance data. Another red flag is that there is no stat for Ganon Forex Robot on third party websites such FXStat or Myfxbook.
The info available to us is a stat board showing some good to be true figures. Here, the vendor wants us to believe the system traded 754 orders with 88.32% of the win rate for shorts and 85.75% for longs. Added to that is a drawdown of $334.80 which is hard to believe.
Conclusion: Is Ganon Forex Robot a Reliable Forex Robot?
Ganon Forex Robot 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.
