The FXMath X-Trader robot was introduced as the “Perfectly Automated Algorithmic Trading System.”
It seems to us that Star-FX was a previous scam product they owned. The developers just rebranded a bit presentation before published.
The site includes random pictures from the photo stock. What’s the reason to publish them? No one knows.
Is Investing in FXMath X-Trader a Good Decision?
We don’t think so. The presentation doesn’t look trustworthy. We have huge concerns about how relevant this product is.
There’s no company behind the presentation. The developers use a common Gmail address. The presentation doesn’t have social network icons featured by links. The site isn’t updated in 2021.
The system has the next features:
The expert advisor can trade automatically.
The system is designed for the MT4 terminal.
We can rely on the support 24/7.
The system is delivered with free updates.
It can handle various market conditions.
The robot works with any broker.
We can start trading if we activate our copy after purchasing.
We can work with any leverage from 1:100.
The system works with a EUR/USD currency pair.
We may use the robot on the other symbols, but it has to be customized.
The robot is a sell-updated trading advisor.
We can work on any type of account.
The low-spread ECN account is a requirement for this robot.
There are three packages: Silver, Gold, and Diamond. The Silver package costs $99. There is a digital copy of the EA, free upgrades and support, one real and one demo lifetime account license. The Gold pack costs $123. It includes two demo and two real accounts. The diamond pack costs $149 and includes three real and four demo account licenses. The developers provide no refund policy. So, it’s a one-way deal.
Verified Trading Results
There’s a single backtest. It’s a EUR/USD report on the H1 time frame. The period of the tick data was 2018-2020 years. The modeling quality was 90.00%. The spread was set at 20 pips. An initial deposit was $99.00. It has amounted to $44,472.14 of the total net profit. The Profit Factor was 68.85. The maximum drawdown was 23.43%. FXMath X-Trader closed 295 deals. The win-rate for Short was 89% and for Longs was 96%.
FXMath X-Trader works on the real RUB account on RoboForex automatically on the MetaTrader 4 platform. The leverage was set at 1:500. The account has a verified track record and verified trading privileges. It was created on November 29, 2020, and funded at 5,281.60 RUB (less than $100). Since then, the absolute gain has become +143.12%. An average monthly gain is +22.72%. The maximum drawdown is 19.11%.
It has traded 53 deals with 1055.7 pips. An average win is 20.85 pips when an average loss is -3.95 pips. The win-rate is 95% for Longs and 96% for Shorts. An average trade length is one day. The Profit Factor is 60.46.
The system trades both directions equally.
It focuses on trading at the end of the European session.
Tuesday with 5 deals is the less frequently traded day.
To lose 10% of the account, the robot has to lose 20 deals in a row.
The system uses Grids of several orders to make profits.
After few profits in March 2021, the system started making much more.
We can find people’s feedback on the site.
FXMath X-Trader owns a page on Forex Peace Army. There’s a single comment published from a client.
It’s a 1-star testimonial. The robot didn’t work properly even after the developers intervened. This post was liked two times. So, the other people experienced the same.
Strategy – score (2/10)
Functionality & Features – score (3/10)
Trading Results – score (3/10)
Reliability – score (3/10)
Pricing – score (4/10)
FXMath X-Trader is a robot that trades a common Grid of orders without Martingale. The robot has been running the account for several months. Mostly all trades were closed with profits. At the same time, the developers didn’t provide a refund policy, and there’s a negative testimonial on Forex Peace Army.