Expert Advisors

Falcor Forex Robot Review

Falcor Forex Robot is another expert adviser that the Forex Robot Trader team has developed. According to them, this revolutionary technology has “taken the markets by storm” and is redefining automated trading with its tremendous capabilities. We’ll tell you if this trading system lives up to our expectations in terms of trading results, strategy, and client feedback in today’s comprehensive review. The owners of the Forex Robot Trader website are currently unknown. It was founded and owned by Don Steinitz in Las Vegas originally, but the website is still up and running under new ownership that hasn’t been identified since he passed away.. It’s unclear if the new proprietors are familiar with the MQL4 or MQL5 programming markets. Please tell us who has taken over and what they bring to the table when it comes to Forex trading. Traders can open a support ticket in kayako to get in touch with support.

 

Review of the Falcor Forex Robot

Investors should choose Falcor Forex Robot for six reasons, according to the sales page. Automated trades occur 24 hours a day, there are no lagging indicators, the setup takes only 5 minutes, it’s simple to use review traders, and it’s suitable with different currency pairs. It’s easy to see why this is the case, and you’ll find it on nearly every Forex robot website established in the last several years. It is also said that in 2019, the system employs cutting-edge coding that will allow you to “trade like a pro immediately.”

 

Strategy

To find deals, the Falcor Forex Robot uses “price action.” Trading setups at FRT are based on what the price is doing right now, rather than what most automated systems spend too much time examining in the past. With the exception of this statement, they don’t go into much explanation regarding their process, sticking to short, ambiguous statements instead. As you’ll see in our reviews of the Vader Forex Robot and the Odin Forex Robot, this is generally the case with their other goods. A vendor must meet a number of criteria before it can be considered a top Forex robot and rank well in the search results. The FRT team frequently misses the mark when it comes to providing thorough details about their plan.

 

Falcor Forex Robot Breakdown

 

  • Type: Forex Robot
  • Price: $99
  • Strategy: Price Action
  • Timeframe: Undisclosed
  • These include currency pairs such as the Australian dollar (AUD), Canadian dollar (CAD), New Zealand dollar (NZD) and more.

The Falcor Forex Robot costs just $99 and comes with a single license that can only be used in MT4. No MT5 systems appear to have been upgraded by this seller, which may be due to the owner’s death a few years ago. Hopefully, this team still has a developer that can keep up with the ever-changing market conditions and keep their goods up to date. The last thing you want is to get the Hedge Forex Robot, the Reaper Forex Robot, or the Ganon Forex Robot and wind up with something that worked well in the past but no longer functions.

 

Client Feedback

On the ForexRobotTrader.com website, there are many reviews, as they received a 2.4 out of 5 star rating from FPA. Although this robot isn’t one of the most popular ones they provide, we haven’t been able to uncover any client comments on it. In any case, this page will serve as a place for traders to share their thoughts and criticism.

 

Trading Results

The Falcor Forex Robot’s trading outcomes are unreliable, like those of other FRT robots. Their trading statements and profit claims range from $35,000 to $116,000 each month, however none of their statements have been validated. Although they could have easily uploaded their Myfxbook trade statements, they had never done so, despite being repeatedly asked to do so. To put it another way, we don’t trust that the results are accurate for these reasons and the fact that they’re already absurd. There’s a good chance that these trading outcomes are being faked and then posted online for us to see. A statement sharing service is used by nearly every trading robot on the market today.

 

Conclusion

Falcor Forex Robot does not live up to our expectations in terms of strategy, trading outcomes, and client comments, even though the website appears professional. It goes without saying that we will revisit this review periodically to see if there have been any changes, and if so, we will update it.

 

About the author

Forex Trading Bot

Have a Forex Trading Bot that you would like us to review? Send us a quick message at forextradingbot@outlook.com and we will get straight onto it.