FXMath X-Trader Review

by Forex EA Top Team
FXMath X-Trader

The FXMath X-Trader was introduced as the “Perfectly Automated Algorithmic Trading System.” The system can be used only on the MetaTrader 4 platform.

FXMath X-Trader presentation

The system is called Star-FX, but we don’t know if the developer meant FXMath X-Trader or this site was used after a previous robot. Clicking “Read More” goes nowhere.

FXMath X-Trader presentation

The presentation includes random photos with a single statement “Start to enjoy your financial freedom and live your dreams.” 

FXMath X-Trader Features

The system has the next features:

FXMath X-Trader Features
  • The robot is a fully-automated trading solution that doesn’t require babysitting. 
  • The support is available 24 hours, five days a week.
  • There are free updates and upgrades provided.
  • The system works with all market conditions.
  • To get our copy activated, we have to provide our account number.
  • The robot is designed for MT4.
  • The leverage levels are wide from the minimum to the big number from 1:100 to 1:1000.
  • The only currency pair is EUR/USD.
  • We can set the system on other pairs, but this is up to us.
  • We are allowed to trade on a real account.
  • The system is “self-updated.”
  • It works with all account types and sizes: Cent, Micro, and Mini accounts; Standard, Pro, and ECN accounts.

Pricing

FXMath X-Trader Pricing

There are three packages: Silver, Gold, and Diamond. The Silver pack’s price is $99. It includes a copy of the EA, free updates and upgrades, one real and one demo lifetime account license. The Gold pack costs $123, and it’s featured by lifetime two demo and two real account licenses. The diamond pack costs $149 and includes three real and four demo account licenses. As for a Russian service, it’s typical not to provide a refund.

How it works

  • The system works automatically on MT4
  • It trades EUR/USD.
  • It works on the H1 time frame only.

Trading Strategy

The developers decided not to inform us about what the strategy is behind the system.

Trading Results

FXMath X-Trader Backtest

We’ve got a EUR/USD backtest report on the H1 time frame. The period of the tick data was chosen from 2018 to the end of 2020. The modeling quality was 90.00%. The spread was set at 20 pips. An initial deposit was $99.00. The total net profit has become $44,472.14. The Profit Factor was 68.85. The maximum drawdown was medium one –  $8,151.75 (23.43%). FXMath X-Trader has traded 295 deals. The win-rate for Short was 89.77% and for Longs was 96.64%. 

FXMath X-Trader Myfxbook

FXMath X-Trader is set on a real RUB account on the RoboForex brokerage house. The EA works with 1:500 leverage on the MetaTrader 4 platform. The account has verified track record and trading privileges verified badges. It was created on November 29, 2020, and funded at 5,281 RUB only. It’s a little deposit for a professional trader. Since then, the absolute gain has become +115.54%. An average monthly gain is +21.65%. The maximum drawdown is 10.42%.

FXMath X-Trader advanced statistics

FXMath X-Trader has closed 43 deals with 833.5 pips. An average win is 20.09 pips when an average loss is twice fewer -10.30 pips. The robot has traded 0.43 Lots. The win-rate is 100% for Longs (16/16) and 96% for Shorts (26/27). An average trade length is almost a day. The Profit Factor is 88.74.

FXMath X-Trader trading results

The robot prefers trading the Short direction (27 deals) over the Long direction (16 deals).

FXMath X-Trader trading results

It trades high-impact news period of the European trading session.

FXMath X-Trader trading results

The robot’s most preferable days to trade are Wednesday and Thursday (12 deals both).

FXMath X-Trader trading results

The risk of ruin is low. So, the system trades with low risks.

FXMath X-Trader trading results

As we can see, the robot performs a Grid strategy opening 2-4 orders.

FXMath X-Trader monthly gain

The robot stopped being used with high risks. Now, the risks and profitability were decreased.

Customer Reviews

FXMath X-Trader Customer Reviews
FXMath X-Trader Customer Reviews

The presentation includes only three positive testimonials.

FXMath X-Trader Customer Reviews

FXMath X-Trader has a page on Forex Peace Army with a single one-starred comment.

FXMath X-Trader Customer Reviews

The one-star testimonial has two likes. The robot didn’t work on the client’s VPS service. The problem wasn’t fixed by the developers as well.

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