Bober Lannister Review

Jan 6, 2022 05:29 PM ET
Bober Lannister Review

Bober Lannister is a fully automated cross platform trading robot that works on the MT4/5 platforms. It conducts only a single trade at a time. The robot was created by a russian developer called Arnold Bobrinskii. He is also the developer of other trading systems, namely Bober Crypto and Bober Real. Info regarding his trading experience or professional qualifications is not disclosed. 

Bober Lannister

Type

Fully-automated EA

Price

$499

Strategy

N/A

Compatible platforms

MT4/5

Currency pairs

EURCHF, GBPUSD, EURNZD, CHFJPY, EURAUD, and more

Timeframe

N/A

Recommended min. deposit

$100

Recommended deposit

N/A

Leverage

1:30, 1:100, or 1:500 

Trading strategy explanation

The other features of the robot are:

  • It has user-friendly settings.

  • You can easily comprehend how the EA works.

  • It helps you to overcome high broker commission.

  • Free live sets are provided to customers.

  • Is not sensitive to brokers, so you may work with any broker you want. Nonetheless, brokers with less spread and commission are recommended.

  • It includes a virtual SL and TP level.

The specific strategy used by this robot is unknown, although the vendor assures us that no martingale or dangerous approaches are utilized. 

Backtest data analysis

Backtest results.

The vendor has provided us with the data above as proof that he backtested his strategy, though he doesn’t indicate the trading period or the currency pair used. Moving on, a deposit of $10000 was used to initiate trading. As a consequence, 4953 trades were implemented, leading to a huge profit of $1916908.01, and a drawdown of 22.23%. The drawdown level wasn’t that high and hence didn’t threaten to drain the capital. The average profit trade was $1606.44, while the average loss trade was -$1907.11

Live trading data analysis

Trading results

MQL5 Account

USD, ICMarkets

Started 

March 04, 2021

Deposit

$200

Balance

$416.06

Gain

108.03%

Daily

N/A

Monthly

23.77%

Drawdown

37.8%

Profitability

$216.06

Live trading stats.

As per the image above, the EA began operating in this account in March 2021, and to date, the profit made is $216.06. Consequently, a growth rate of 108.03% has been achieved. The robot engages in 48 trades weekly and holds each order for 7 hours on average. A risky strategy is present since the drawdown generated so far is high — 37.8%. 

Trading performance.

Bober is a frequent trader as it has placed 2832 orders so far. Unfortunately, their profitability rate is low (65.28%) and disappointing. The average profit is $0.87, whereas the average loss is -$1.42. A profit factor of 1.15 is average and illustrates a system that does not generate significant returns.   

User reviews

Bober Lannister has ten reviews in total on mql5. Nine of the reviews are positive. Some of these satisfied clients opine that the robot works well and generates positive returns. In fact, one trader asserts that his results match that of the developer’s signal. The only negative review reveals that the EA can make huge losses when it comes to trending and exceptional strong trending. 

Customer reviews.

Review summary

Pros

  • Backtest results are present

  • User-friendly

Cons

  • Strategy used is not disclosed

  • Costly

  • High drawdown

  • Low return rate

The developer has provided the backtest results, and since the EA is user-friendly, you can easily understand how it works. However, we don’t know which strategy is used, but the high drawdown indicates that it is risky. Worse still, the robot is costly and does not have an impressive profitability rate. So, you may not get value for money. 

Rating: 4/10


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