Is Mr. Martin 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 Mr. Martin FX
Mr. Martin FX is a forex robot available on MQL5 website. The system is developed by Vasiliy Kolesov from Russia. It is an automatic trading robot that opens and closes orders.
According to the vendor, the product can be purchased at the rate of $360 with a rental option not available.
Mr. Martin FX claims to give advantage in the financial market with its expert strategy. Here, the system uses the principles of averaging unprofitable positions.
Mr. Martin FX: Reasons to Avoid this Expert Advisor
Firstly, Mr. Martin FX 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 eight customer reviews on MQL5 where the product is sold of which they sound unsatisfactory.
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
Mr. Martin FX Trading Strategy
Mr. Martin FX works with averaging strategies, deposit protection and several other filters to ensure that the drawdown does not exceed a certain value. The vendor emphasizes on edge accounts for a better trading.
The system operates on EURUSD currency pair with a timeframe of M1.
Mr. Martin FX Trading Results
According to the back testing report, the EA traded 689 trades on EUR/USD currency pair. The winning rate was 74.17%, with a profit factor of about 2.75 and a drawdown of 28.17%.
From the Demo account presented on Myfxbook, the FX traded on a deposit of $$10028 with a risky approach that caused a draw down of 26.26%. The average monthly gain was 4.92%.
The system best trade was $13308.71, whereas the worst trade was -$2306.05.
Conclusion: Is Mr. Martin FX a Reliable Forex Robot?
Mr. Martin 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.
