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.
|Currency Pairs||EUR/USD and USD/JPY|
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.
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
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
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%.
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.
The advisor works with two pairs where USDJPY is lost in a big way.
The advisor trades only 2 hours a day.
Thursday with 115 orders executed is the most actively traded day.
There’s a 91.46% chance of losing 10% of the balance.
The advisor uses Martingale to increase lot sizes from 0.10 to 1.60.
We may note that the system has never been a stable solution.
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 SummaryFXOxygen
Functionality2/5 BadNo explanations provided.
Trading strategy2/5 BadA Martingale strategy on the board.
Live results2/5 BadThe trading results are not okay.
Customer support3/5 NeutralWe don’t know how good their support is.
User reviews2/5 BadThere are no reviews written.
- Backtest reports provided
- Trading results shown
- A refund policy supported
- No team revealed
- No risk advice given
- Backtests looked old
- Trading results aren’t cool