Ganon Forex Robot Review 

Ganon Forex Robot

Ganon Forex Robot is an expert advisor that claims to have generated $104,552 in profit in the last 30 days. As per the vendor’s claims, it is an elite Forex automated trading system that brokers are afraid of. They have also said that the system finds the most lucrative trades while eliminating fake-outs.

On the official website, the vendor has shared some performance statistics related to the robot. We have a few screenshots of trade setups, along with a list of features. There are monthly trade results available on the website and the developer has briefly explained the trading logic. 

The parent company behind this EA is Forex Robot Trader. It was started by an ex-gambler by the name of Don Steinitz who is based in Las Vegas. We don’t know anything about the other team members and the developer has not shared any official contact information.

Ganon Forex Robot at a glance 

Price $79
Trading Platforms MT4
Currency Pairs EUR/USD, USD/CHF, GBP/AUD, NZD/USD, GBP/USD, CAD/CHF, EUR/JPY, etc.
Strategy N/A
TimeframeN/A
Recommended Deposit $250 (micro)
Recommended Leverage N/A
Money Management Yes

Ganon Forex Robot functionality 

This is a fully-automated system capable of operating without manual intervention. It is optimized for all pairs and can adjust settings and levels automatically based on the pair it is attached to. For higher trading frequency, you should choose the hyper mode, while the normal mode is suitable for bigger trades. You can easily install the system in just 5 minutes.

The robot works on the basis of a logic known as Strand Theory that finds reliable trends while avoiding noise. Sometimes brokers manipulate the prices intentionally, but the Strand Theory is able to detect this. 

You can use this robot in combination with other systems. It is possible to load the EA on multiple charts to cover the entirety of the Forex market. You can use micro, mini, and full-size lots with this robot. Thanks to the sleek chart template, you can trade the best signals automatically. It has a money management system and it uses trailing stops, take profits, and stop losses for risk management.

Ganon Forex Robot trading strategy tests 

On the official website, the vendor has not clearly explained the trading strategy behind the EA. We don’t know whether it uses any indicators to analyze the trend. This makes it difficult for us to determine whether the system is best suited to a particular trading style. 

Unfortunately, there are no backtesting results for this robot. Backtests are carried out over a long time period, thus revealing the long-term performance of the EA. Without them, it is difficult for us to tell whether the EA can deal with different market conditions. 

What about Ganon Forex Robot live trading results 

Trading results of Ganon Forex Robot on the official website
Trading results of Ganon Forex Robot on the official website

There are no verified trading accounts for this robot on third-party websites like Myfxbook, FXBlue, and FXStat. On the official website, the vendor has shared the trading results in tabular format. Here, we can see the opening and closing time for the trades, lot size, opening and closing price, take profit, stop loss, commission, taxes, swap, and profit.

Growth chart of Ganon Forex Robot on the official website
Growth chart of Ganon Forex Robot on the official website

For the month of April, the robot has conducted 591 trades, winning 87.48% of them. The win rate is pretty high and so is the profit factor at 9.69. Currently, the total profit generated through this account stands at $63,492.30. The maximum drawdown is 0%, which indicates a low-risk strategy. 

Use reviews 

User review for Ganon Forex Robot on Forex Peace Army
User review for Ganon Forex Robot on Forex Peace Army

Forex Robot Trader has a poor rating of 2.2 out of 5 based on 271 reviews on Forex Peace Army. One user has stated that the robot exhibits high drawdown during live trading and this leads to heavy losses.

Ganon Forex Robot Review Summary

Ganon Forex Robot
2 5 0 1
This robot does not have a verified track record of winning live profits. It is cheaper than other robots, but the vendor does not offer refunds. We don’t know much about the developer and they haven’t shared the backtesting results for this system.
This robot does not have a verified track record of winning live profits. It is cheaper than other robots, but the vendor does not offer refunds. We don’t know much about the developer and they haven’t shared the backtesting results for this system.
2/5
Total Score
  • Functionality
    2/5 Bad
    There are no special functionalities that set this system apart from others.
  • Trading Strategy
    2/5 Bad
    The vendor has not clearly explained the strategy behind the system.
  • Live Results
    2/5 Bad
    There are no verified live trading statistics.
  • Customer Support
    2/5 Bad
    The contact address of the support team has not been shared.
  • User Reviews
    2/5 Bad
    The parent company is poorly rated on Forex Peace Army.

The Good

  • Affordable price

The Bad

  • No verified trading statistics
  • No backtesting results
  • Lack of vendor transparency
Total
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