Good Robot is an automated forex trading robot that claims to offer the best MT4 solutions available in the market. Whether the claim is valid and the EA is useful, can be discussed with an honest review.
After going through the website, we find that the website is designed very professionally which makes navigation easy for users. However, the content is not up to the mark. There is no information about the developers. If they want traders to take them seriously, then vendor information must be added to the site.
The services offered by the developers are:
- Free installation
- Default settings
- Free updates
- Any MT4 brokerage account
Good Robot Forex EA Offered plans
Good Robot offers three subscription-based plans for a lifetime. By paying $99, you can get the Basic package that offers 1 real account and 1 demo account. The Standard package costs $129 that comes with 2 real accounts and 2 demo accounts. Lastly, there is the Pro package that comes for $149 with 3 real accounts and 3 demo accounts. It is a good thing that you need to pay only once. With all accounts, you receive a lifelong license, free upgrade and support, and user’s guide.
|Price||$99 – $149|
|Recommended Min. Deposit||N/A|
|Leverage||1:50 – 1:1000|
Automated Trading Strategy
Good Robot does not provide any specific explanation about the trading strategy. The website only states that it comes with an advanced money management system. There is also written then the robot trades in certain hours to analyze and determine the price direction for the next couple of hours or days. Without any true trading strategy insight, the robot cannot be trusted fully.
You can view the backtest data of Good Robot. The link is given under the “Software” section of the website. By viewing the backtest results, you can get a good understanding of the behavior of trades and their reaction to the trading strategy of Good Robot.
Good Robot Forex EA Live Trading Performance
We trust the Myfxbook account the most to review the performance of a forex expert advisor because it is the most reliable source and you can detect the signs of scam on Myfxbook easily. However, Good Robot does not have a Myfxbook account which is disappointing. Instead, the site offers the trading results displayed in an FX Blue account which is not as trustworthy as Myfxbook and does not offer some of the important stats either. However, we will still discuss the statistics as obtained from FX Blue.
|FX Blue Account||goodrobot (RUR)|
|Started||74 days ago|
It is a real account that shows 74 days of trading history. The account started trading with RUR 8,188.42 in deposits. No amount is withdrawn. The balance is now RUR 16,548.78. The profit is RUR 8,360.36. The equity has been RUR 7,026.77. The weekly and monthly returns are +16.3% and +88.8% respectively. The profit factor and the peak drawdown are hidden so we cannot check them. It is suspicious that the most important stats that can shed light on the EA’s performance directly are kept private.