Expert AdvisorsForex

Falcor Forex Robot Review: Things You Need to Know Before Investing

3 Mins read
2.8

Falcor Forex Robot promises a powerful system that revolutionized automated trading. As per the vendor, the system has generated a profit of $127,879 in the previous 30 days and $158,438 in 2022. It works by identifying, managing, and closing trades automatically. You need to just set it up and the system will do all the work.

Falcor Forex Robot trading strategy

This system uses price action to find accurate orders. It exploits the price changes in the market instantaneously ensuring fresh executions without any lag or delays. The FX robot trades frequently and has open positions constantly making it easy to profit. It has an automatic stop and reverse function in case of a change in price direction.

Falcor Forex Robot backtesting report

No backtesting reports are present for the system as the vendor does not provide strategy tester reports. While it is true that backtests cannot predict the future performance of the system, they help to know about the approach used and its effectiveness. The lack of info prevents us from making a proper evaluation of the ATS.

Falcor Forex Robot live results

The vendor provides monthly performance reports for the FX robot. However, these are not verified by a reputed third-party site like myfxbook, FXBlue, FXStat, etc. Here is a screenshot of the performance of the FX robot for January 2022.

Performance stats of Falcor Forex Robot on the official site
Performance stats of Falcor Forex Robot on the official site

From the above report, we can see the system has generated a total net profit of 114,605 for a total of 1036 trades. The profit factor is 8.04 and the profitability is 83.88%. A maximum drawdown of 0% is present for the account. From the results, we can see the system has performed well without any drawdown revealing an effective approach and performance. We prefer trading stats verified by sites like myfxbook as they provide an unbiased view of the approach and performance of the ATS. The lack of verified proof makes it difficult to evaluate the system.

Some features of Falcor Forex Robot

As per the vendor, the main features of the system include:

  • A new approach is used that ensures successful results.
  • The ATS can work with lots of mini, micro, and full size. 
  • You can place orders without the need to look at any chart. 
  • It works 24/7 so you do not miss out on the right opportunities.
  • It can trade on multiple pairs at the same time.

The vendor does not provide info on the recommended timeframe, leverage, brokers, deposit, etc.

Total return114,605
Maximal drawdown 0.00%
Average monthly gain 114,605
DeveloperForex Robot Trader
Created, yearN/A
Price$79
TypePrice action
TimeframeN/A
Lot sizeAny
LeverageN/A
Min.depositN/A
Recommended depositN/A
Recommended brokersAny
Currency pairsMultiple currency pairs
ECNN/A

Main things to consider if you invest with Falcor Forex Robot

If you are interested in this EA, then you need to pay attention to:

Vendor transparency

The Forex Robot Trader is the company behind this FX EA. It was founded by Don Steinitz. He and his team of expert developers and programmers have developed the various products of the company including the Falcor system. The other FX EAs of the company include Odin, Vader, Ganon, and more. There are no further details on the company like info on the developer team, location address, phone contact, etc. 

Lack of verified results

No verified proof of performance is present. Although the vendor provides performance reports for the system, they are not verified by any third-party site. The lack of verified results makes evaluation difficult.

Affordable price

You can buy this FX EA for $79. When compared to the price of competitor systems in the market, the price is very affordable. However, there is no money-back offer that can make users suspect the reliability of the product.

Pricing details

This FX EA is available for $79. There is no info present on the features available with the package. There is no money-back guarantee which raises doubts about the dependability of the system. When compared to the market average, the price is affordable.

Other notes

Unfortunately, we could not find user reviews for this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc.

Falcor Forex Robot Summary

2.8
Falcor Forex Robot boasts an advanced logic that outsmarts brokers easily. Our review of the system reveals that it can generate high returns as evidenced in the monthly performance reports. But these are not verified results hence cannot be relied upon. Further, there are other downsides like the lack of backtests and the absence of a refund policy.
3.0

Functionality

2.0

Reliability

3.0

Strategy

4.0

Price

2.0

Trading Results

3.0

Vendor Transparency

Pros

  • +It is a fully automated software
  • +Price is affordable

Cons

  • -No verified results
  • -No refund policy
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