FXOxygen Review

FXOxygen

FXOxygen is an EA that has to help us with automatic trading on our terminal. The presentation seems to be not informative enough. So, it will be a challenge for us to make everything work well. 

FXOxygen at a glance

We would like you to take a look at the following sheet. 

Price$210
Trading PlatformsMT4
Currency PairsEUR/USD and USD/JPY
StrategyMartingale 
TimeframeM30
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes

FXOxygen functionality

We have prepared a list of settings that let you understand if the system fits your expectations. 

  • The advisor can help us with placing orders automatically on the market. 
  • The main terminal to work is MT4. 
  • It can provide us with 20% of the monthly profit. 
  • Real trading results don’t show that profitability.
  • We can work with two pairs: EURUSD and USDJPY. 
  • It executes orders on M30. 
  • The system was tested on the tick data of the ten-year period. 
FXOxygen pricing details
FXOxygen pricing details

We have a price of $210 for the first 500 copies. The original price was $295. The system is delivered with a 30-day refund policy. The devs decided not to explain details about the package. 

FXOxygen trading strategy tests

FXOxygen backtest report
FXOxygen backtest report

The presentation is featured by a EURUSD backtest on M30. The data period was from 2009 to 2015. The modeling quality was 90% with 2-pip spreads. An initial deposit was $10,000. It has become $147,668.38 of the total net profit. The system has executed 1425 orders with a 51% accuracy.

What about FXOxygen live trading results

FXOxygen trading results
FXOxygen trading results

The robot keeps working on a FXOpen-deployed demo account without leverage on MT4. The account has a verified track record. It was deployed on December 11, 2018, and deposited at $25,000. Since then, the absolute gain has become 10.9%. An average monthly gain is 0.28%. The maximum drawdown is 34.81%.

FXOxygen statistics
FXOxygen statistics

The advisor traded 502 deals with 1203.1 pips. An average win is 68.21 pips when an average loss is 62.37 pips. There are 235.56 lots traded. It works with a low win rate of 48-50%. An average trade length is three days. The profit factor is 1.05.

FXOxygen directions
FXOxygen directions

The advisor works with two pairs where USDJPY is lost in a big way. 

FXOxygen hourly activities
FXOxygen hourly activities

The advisor trades only 2 hours a day.

FXOxygen daily activities
FXOxygen daily activities

Thursday with 115 orders executed is the most actively traded day. 

FXOxygen risks
FXOxygen risks

There’s a 91.46% chance of losing 10% of the balance. 

FXOxygen closed orders
FXOxygen closed orders

The advisor uses Martingale to increase lot sizes from 0.10 to 1.60. 

FXOxygen monthly profits
FXOxygen monthly profits

We may note that the system has never been a stable solution. 

Customer reviews

A page of FXOxygen on FPA
A page of FXOxygen on FPA

The company runs an empty page on Forex Peace Army without any testimonial written. We have a real account connected. It was almost ruined in the past after less than three weeks of trading. 

FXOxygen Review Summary

FXOxygen
2 5 0 1
FXOxygen is a trading advisor that had worked for a while until it started losing much. The system uses aggressive Martingale from time to time. This can not fit expectations of conservative traders. We have no testimonials written to understand if people experience the same trading results.
FXOxygen is a trading advisor that had worked for a while until it started losing much. The system uses aggressive Martingale from time to time. This can not fit expectations of conservative traders. We have no testimonials written to understand if people experience the same trading results.
2/5
Total Score
  • Functionality
    2/5 Bad
    No explanations provided.
  • Trading strategy
    2/5 Bad
    A Martingale strategy on the board.
  • Live results
    2/5 Bad
    The trading results are not okay.
  • Customer support
    3/5 Neutral
    We don’t know how good their support is.
  • User reviews
    2/5 Bad
    There are no reviews written.

The Good

  • Backtest reports provided
  • Trading results shown
  • A refund policy supported

The Bad

  • No team revealed
  • No risk advice given
  • Backtests looked old
  • Trading results aren’t cool
Total
0
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