FX Oxygen promises a consistent monthly profit of a maximum of 20%. The MT4 tool is a fully automated system, which the vendor claims to be reliable and profitable. Live verified results are present for the system. The vendor states that it is a qualitative and dependable FX EA citing its successful real account trading results. From the info present, we find that the vendor does not reveal info on the FX robot including its strategy, developers, etc. In this review, we will evaluate the various aspects of the MT4 tool to help you make an informed decision.
FX Oxygen trading strategy
The vendor does not reveal the strategy used by the FX robot. While backtests taken since 2006 are present, there is no info on the approach. The lack of details makes it difficult to assess the efficacy of the robot.
FX Oxygen backtesting report
A backtesting result for this FX EA for the USDJPY pair using the M30 timeframe is shown here.
From the stats provided, we can see that the testing was done from 2006 to 2015. For an initial deposit of $10000, the total net profit generated was $366339. Profitability of 48% and a profit factor of 1.40 were present. The maximum drawdown was 24.98% for a total of 1578 trades. From the results, we can see that the drawdown is high and profitability is low indicating a risky and ineffective approach.
FX Oxygen live results
A demo USD account using the automated mode and the MT4 platform verified by the myfxbook site is shown here.
From the above screenshots, we can see the account has generated a total profit of 14.14% and an absolute profit of similar value. The daily profit is 0.01% and the monthly profit is 0.34%. A drawdown of 34.81% is present for the account that started in December 2018 with a deposit of $25000. The total number of trades executed is 523 with 50% profitability and a profit factor of 1.06. From the trading history, we find varying lot sizes starting from 0.10 to 0.80 are used. The bit lot sizes and high drawdown show the approach used is risky. Further, the profitability is low indicating an ineffective performance.
Some features of FX Oxygen
The vendor does not provide much info on the FX robot other than claiming that it is reliable and profitable. We could not find info on the currency pairs it works on, the timeframe, recommended deposit, leverage, brokers, etc.
|Average monthly gain||0.34%|
Main things to consider if you invest with FX Oxygen
If you are interested in this EA, then you need to pay attention to:
Verified trading results
The vendor provides a demo account verified by the myfxbook site. Verified results help to prove the reliability and efficacy of a system. While the vendor provides verified proof, we find that there is no real account present.
Lack of vendor transparency
Other than the info on the domain being registered from 2015 to 2022, there are no details present on the company, the developer team, founding year, location address, etc.
Strategy is not divulged
The vendor does not mention the strategy used by the FX robot. Although backtesting results are present, there is no explanation of the method used for effective trading.
The original price of this FX robot is $295 and as per the official site info, the initial 500 copies are available at a discounted price of $210. Important features that come with the package include a single lifetime license, reliable mode, profitable mode, lifetime updates, and 24/7 friendly support. A 30-day money-back guarantee is present for the system.
Unfortunately, we could not find user feedback for this FX robot on trusted third-party sites like Forexpeacearmy, Trustpilot, etc.