Forex Imba is a trading advisor that has a poor presentation without almost no detail about how the robot works. It’s a huge con to avoid providing information about the system. We don’t know the reason for this because people ask questions via email.
Is investing in Forex Imba a good decision?
We don’t think so. Trading results show to us that the system is consistently unprofitable. This we can see from the growth chart.
Company profile
We have no intel provided about what company is behind the service. There’s no mention that the company was legally registered.
Main features
There are just several lines written about the system and how the system is going to make profits for us. It’s unprofessional to provide that little information.
- The advisor can execute orders automatically for us, following strategy patterns.
- The system has a real account to trade on it.
- Developers claimed that the system provided stable profits.
- We can trade only two pairs – AUDUSD and EURUSD.
- The deposit requirements are as low as $60.
- We don’t know a time frame to work on.
- The advisor is a simple to install trading solution.
- It works with fixed lot sizes and without Martingale.
- There’s drawdown control.
- We are free to use it with any broker we want.
- There’s a possibility to change the account number online as many times as we want.
- We will get access to a user manual.
- The devs provide us with friendly support.
Price
The system is available for $194.99 for a copy for any type of account. We can switch the account number as many times as we want. We can rely on a 30-day refund policy.
Trading results
The robot was tested on AUDUSD on the M30 time frame. The modeling quality was only 90.00% with 3-pip spreads. An initial deposit was $1000. It has become $449,955,401 of the total net profit. The profit factor was 3.23. There were 869 deals traded. The maximum drawdown was 11.93%. It worked with accuracy of 76-78%.
The robot works on a real USD account on FXOpen with 1:500 leverage automatically. The platform is MT4. The account has a verified track record. It was created on April 24, 2014, and deposited at $1,500. Since then, the absolute gain has become $163,59%.
There were 906 deals with 1990.6 pips traded. An average win is 28.11 pips when an average loss is -64.99 pips. The system traded 18.53 lots. The win rate was 71-72%. An average trade length is three days. The profit factor is 1.07 only.
The system has lost only profits in the shorts direction, winning it in pips. So, there’s an aggressive Martingale.
The robot focuses on trading during the European trading hours.
Monday with 123 orders is the less traded day.
The advisor works with insanely-high risks. It has to lose three orders in a row to lose 10% of the account.
The robot can lose even four orders in a row.
The advisor has lost five months this year.
People feedback
We have a page of Forex Imba on Forex Peace Army but there are no testimonials written and no accounts connected.
Summing up
The robot was released seven years ago. Since then, the system has been losing the account balance. The presentation is short and does not provide all the necessary intel. We don’t know if a refund policy really exists.
