HAS Forex Robot is an expert advisor that runs on the MT4 trading platform. According to the developer, the robot has generated a profit of $67,710 in the last 30 days. You can run it on any broker and it does not require any special skills on the trader’s part.
Is investing in HAS Forex Robot a good decision?
To analyze the EA, we have looked into various factors like company profile, features, price, trading results, and customer reviews. We can see that the vendor has clearly explained the trading logic. Also, you can purchase this robot at a very cheap price. Nonetheless, there is no verified track record of the robot generating profits in the live market. Also, there is not enough information on the parent company.
On the official website, the vendor has explained in detail how the system works and how to use it. We have the monthly trading statistics followed by the trading logic and the pricing details. The website has a blog section and a support area where you can contact the service team.
The parent company behind this robot is Forex Robot Trader. It was founded by Don Steinitz, an ex-gambler based in Las Vegas. He spent several hours studying charts to find a winning formula. The programmers working alongside this person are well versed in the MQL code.
You can run this robot on any computer. All you need to do is to load the EA on as many pairs as you like. The robot can trade in multiple pairs simultaneously. You don’t need to put any manual effort to make the EA work properly.
HAS Forex Robot can monitor eight timeframes at the same time. You can sign up with any broker that supports MT4 charting software. The strategy is based on the Gann’s concept that talks about the geometric nature of the market. You can compare the common patterns in the timeframes with the help of fractals.
In each timeframe, there are support and resistance levels. With the convergence of these levels, you can increase your chances of success. Apart from Gann’s principles, the correlation between price levels is woven with Fibonacci ratios.
According to the laws of multiple timeframes, each timeframe has its distinct structure and the lower timeframes are overruled by the higher ones. You can validate the energy points of support and resistance in the higher timeframe’s prices using the action of the lower timeframes. It is possible to define a trend using the trend created by the next time period.
The current price of this Forex robot is $49 and the seller is currently offering a discount of 75%. This means the original price is $199. Most robots on the market are more expensive compared to this. However, the vendor does not offer refunds.
The vendor has not shared the verified trading results for this EA. Instead, we have the monthly results presented on the official website in tabular format. In the month of February, the robot placed a total of 316 trades, winning all of them. It has generated a total profit of $39803.20. Out of the 316 trades, 131 were short positions and 185 long positions. The largest profitable trade was $1520.
Here we have the recent trading results for this robot. We can see that the robot trades with a fixed lot size of 1.00. The results also show us the type of trade, opening time, closing time, opening price, closing price, stop loss, take profit, commission, taxes, swap, and profit.
Unfortunately, we don’t have the backtesting results for this expert advisor. As such, we don’t know how it would perform in different market conditions. We are unable to compare the historical performance with the live performance to get a clearer idea regarding the robot’s profitability.
At this moment, there are no user reviews for this expert advisor on trusted third-party websites. Thus, we can say that not many traders are currently using this system to conduct live trades.
HAS Forex Robot review summary
HAS Forex Robot is one of the cheapest expert advisors on the market. The vendor claims it is based on an effective trading logic. However, we don’t have the verified trading results to check the veracity of the claims. The absence of customer reviews on the web indicates a lack of reputation. Also, the vendor does not entertain refund requests.