Pterodactyl Forex Robot is a trading advisor that was created to cover its owner with automatic orders execution. We have decided to figure out if the robot can be used for keeping our account profitable or not. For this purpose we are going to analyze features and trading results, if there are any.
Is investing in Pterodactyl Forex Robot a good decision?
Personally, we wouldn’t invest in it because it is hard to trust the system without verified trading results.
Forex Robot Trader is a company that has a poor reputation based on people’s testimonials written on Forex Peace Army.
We have various features, details, and settings explained about how the system is going to be profitable. You can find various interesting claims in the following list:
The advisor covers us with opening and closing orders on our terminal.
The system works with Fractal Trading to look for trading opportunities.
It has sophisticated code behind the robot.
The core indicator to measure trading opportunities is Fractal Breakout Forex Indicator.
It doesn’t require us to have any trading experience. So, it’s possible to get started experience free.
We can work with it on any cross pair.
The system can be installed within several minutes.
Trend strength and retracements unite with the power of fractals.
It can be the best solution to trade retracements.
The advisor places orders on the market with significant frequency.
It provides us with a trading frequency of over 100 orders monthly.
The system can handle several time frames at the same time.
The expert advisor scans all time frames to be sure that the order will be placed in the right time.
It has robust stop management.
It can remove false signals from being a trigger.
We are allowed to work with the risks we can bear.
The advisor has a broker protection feature on the board.
The presentation includes various screenshots with comments about how the system functions.
We can purchase a copy of the system for as low as $49. We have a discount of 75% when the original offer was $199. The developers decided not to explain what features the package includes. So, there’s no refund policy for us.
Verified trading results
The presentation isn’t featured by a backtest report. We have no idea why the developers avoided providing us with this intel. For any visitor, it’s crucial to understand if the system has been tested properly and if yes, what results it achieved. From the report, it’s clear what broker is the best for a trading solution.
The same picture we have when we talk about trading results. There are many monthly reports published. Alas, they are not verified. So, the developers could easily manipulate data to show something that didn’t exist. Usually, its’ right when the trading results are verified by Myfxbook or FXBlue sites.
So, the final part of the report mentioned that the account has $4,462,624 on the board. The absolute profit has become $41,572 in March 2022. The profit factor is 4.80. The maximum drawdown was as low as $430. There were 394 orders executed with a 74.75% of the win rate for shorts and 77.08% for longs.
Forex Robot Trader created a page on Forex Peace Army and mentioned that they have been working since 2006. The rate of their portfolio is 2.251 based on 271 reviews.
So, people are not satisfied by both: quality of the products and the support that the developers provide.
Pterodactyl Forex Robot is an expert advisor that works around Fractal Breakout Forex Indicator to spot trading opportunities. The presentation includes explanations about how the system works. It’s good but clearly not enough especially because of the lack of backtest reports and trading results. So, we have no idea if the system is a profitable solution. In addition, we have no refund policy applied and many negative testimonials written on Forex Peace Army.