ALA Forex Robot claims to be the best-automated trading system of 2020 that can even help traders with zero trading knowledge. Let us provide you with a full review of this EA so you can decide whether to use it or not.
The website of ALA Forex Robot was launched in early February 2020. The website is fairly attractive with its professional design, but it lacks transparency. There is no information about the developers.
The facts stated about the system are:
- The EA makes use of the power of math which includes monitoring the markets constantly, having built-in money management, and trading multiple pairs at once.
- It promises a worry-free experience. You can install it within five minutes and optimize it with default settings. It can also run on all account types.
- ALA Forex Robot offers lifetime support to its clients. You can work with this system on any PC. At the same time, you are provided with dedicated customer support and free lifetime updates.
ALA Forex Robot Offered plans
The robot offers a free demo version. It offers an unlimited demo account, unlimited backtests, downloadable just MQL5 marketplace, unlimited currency pairs, and pre-purchase support. Apart from this, you can have a one-time purchase of ALA Forex Robot for $349 that is for lifetime usage. With this plan, you get free lifetime updates, optimized default settings, trades on multiple FX pairs at once, detailed PDF manual, and customer support.
|Currency Pairs||EURUSD, USDMXN, USDCHF, EURGBP, EURJPY, USDJPY|
|Recommended Min. Deposit||N/A|
Automated Trading Strategy
The vendor of ALA Forex Robot does not provide any information about the EA’s trading strategy. The only thing that is stated is that it uses mathematics and built-in money management, but there is no real detail. In 2020, traders expect more than just a few vague sentences. We can consider trying it only when the strategy, trend, and approach are explained clearly.
The backtest results on basic currency pairs are given on the website. You can check them out to know better about the trading performance of the robot.
ALA Forex Robot Live Trading Performance
ALA Forex Robot has a Myfxbook account where we can check the trading data and see the statistics. The chart looks reliable because the track records and trading privileges are verified. The data is updated to the current time as well. Moreover, all stats are open for us to see.
|Myfxbook Account||ALA Forex Robot (Demo USD)|
|Started||May 10, 2020|
Let us proceed to the stats. The account started trading on May 10, 2020, with $10,000 in deposits. Now, the balance is $11,478.27. As no amount is withdrawn from the account, the profit is $1,478.27. Both the gain and absolute gain of the account are +14.78%. It has maintained an impressive 90.72% of equity, but the drawdown is dangerously high. It is at a frightening 100.00%. The daily and monthly gains are 0.31% and 9.63% respectively.