Ganon Forex Robot uses a trend trading approach to ensure profitable results. This is a fully automated system that uses a unique Strand Theory for identifying the trend signals accurately. The company boasts of earning $123,505 in the last 30 days and $99,042 in January 2022. Forex Robot Trader is the company that develops and promotes this FX robot.
Don Steinitz is the founder of the company. He has collaborated with programmers to develop FX robots including Ganon, HAS MTF, Odin, Vader, and more. We could not find company details like the founding year, the location address, etc.
Choosing a reliable system requires looking into various aspects like vendor transparency, performance, support, etc. Analyzing each system in the market can be an overwhelming task. Fortunately, we have done all the work for you and have created a list of the best FX robots. Have a look at our best FX robots list to choose a system that meets your requirements easily.
Ganon Forex Robot overview
After evaluating the characteristics of this FX EA, we have identified the main features that the vendor focuses on. Here are the key features:
- It is a fully automated system exploiting the market trends effectively.
- The new Strand Theory which has been used for more than six years helps in finding accurate signals.
- There are two modes used namely the hyper for a higher frequency of trades and the normal mode for bigger trades.
- The ATS can automatically adjust the parameters and other settings as per the currency pair it works on.
- Setting up the software is easy and takes only a few minutes.
A 60% discount is offered for the FX robot. With the discount, the original price of $199 is slashed to $79. The vendor does not provide info on the features available with the package. We could not find a money-back guarantee for the product which makes us suspect the reliability of the system. When compared to the market average, the price is affordable.
How it works
On purchasing the software and activating it, it will identify, open, and manage orders automatically. It works on multiple FX charts increasing the coverage 10x. It uses SL, TP, and trailing stops for money management. It can work with full-size, micro, and mini lots.
As per the vendor, this FX EA uses the Strand Theory which helps in identifying reliable trends. The new ATR trailing stop helps secure profits as the order progresses. The theory helps to identify intentional manipulation of price and fake-outs by brokers. There are no backtests present for the system which makes it difficult to know about the strategy and its efficacy.
The vendor claims that the FX robot has produced eye-popping results. Monthly performance reports are provided for the system. Here is a screenshot of the performance report for January 2022.
From the above stats, we can see the FX robot generated a total net profit of 99.042. A total of 901 trades were executed with a profit factor of 11.55 and profitability of 89.79%. The maximum drawdown was 0.00%. The 0% drawdown and high profit factor indicate an above-average performance. However, the stats are not verified. We prefer trading stats verified by reputed third-party sites like Myfxbook, FXBlue, and FXStat. The lack of verified results prevents us from making a proper evaluation of the performance.
While there are no user reviews for this FX robot on trusted sites like Forexpeacearmy, Trustpilot, etc. we found feedback for the Forex Robot Trader company on the Forex Peace Army site. There are 270 reviews with a rating of 2.262/5. Here are screenshots of reviews for one of the company’s products:
From the above feedback, we can see that the users are not happy with the company. One user complains about being unable to download the software and being charged twice for the product. Another user complains of losing money with the product.