Robocopy FX Review

Apr 29, 2021 08:39 AM ET
Robocopy FX Review

Robocopy FX

Type

Copy-trading service

Price

$127 monthly

Strategy

n/a

Compatible Platforms

MT4 

Currency Pairs

Recommended currency pairs are: EUR/CAD, GBP/CAD, GBP/USD, EUR/AUD, EUR/USD. The robot can trade other symbols too (USD/JPY, AUD/JPY, CAD/JPY, EUR/GBP, GBP/JPY, NZD/CAD, USD/CHF).

Timeframe

n/a

Recommended Min. Deposit

n/a

Recommended Deposit

n/a

Leverage

n/a (1:500)

Trade length

Almost five hours

Robocopy FX presentation

Robocopy FX was introduced as the company that sends signals from two accounts: Robocopy FX 1 and Robocopy FX 2. The main claim is if we don’t have time we have to copy their services. How good is this trading system? It is what we discuss in our Robocopy FX review.

Trading Strategy Explanation

We have a few settings and details explanations provided:

  • The signals can be delivered only on the MetaTrader 4 platform.

  • Robocopy FX1 and Robocopy FX2 are two strategies that are connected to two real accounts.

  • The developers hide information about what these strategies are up to.

  • On one account the system has eleven currency pairs in total.

  • The main currency pairs for a robot are EUR/USD, GBP/USD, and USD/JPY.

  • It covers deals with Stop Loss and Take Profit levels placing.

Robocopy FX presentation

  • It’s hard to tell what they mean. There’s no additional account to copy.

Robocopy FX. From a screenshot, we know about settings we can customize on a copy-trader

  • From a screenshot, we know about settings we can customize on a copy-trader: money management mode, Trade Pairs, Lot Sizes, Lot Multiplier, Risk in percent to the account balance, Accept Trading Signals, Risk to Reward Ratio, Lot money ratio, and Risk money.

Robocopy FX. We have several screenshots of the past trading success.

Robocopy FX. We have several screenshots of the past trading success.

  • We have several screenshots of the past trading success. The developers don’t tell anything about them.

Robocopy FX. We can register an account on IC Markets.

  • We can register an account on IC Markets. 

Robocopy FX. ForexVPS is a service that allows our terminal to work all the time.

  • ForexVPS is a service that allows our terminal to work all the time.

  • The developers consistently design various trading strategies to share them with us.

Robocopy FX. The support can be got only within 48 hours

  • The support can be got only within 48 hours. Its’ too much.

Backtest Data Analysis

The presentation includes no backtest reports provided. It’s a solid con because we don’t know how these strategies worked on the past data and what trading results we may expect from them.

Live Trading Data Analysis

Trading Results

Myfxbook Account

Real (USD), IC Markets

Started

October 21, 2020

Deposit

n/a

Balance

n/a

Gain

+12.48%

Daily

+0.06%

Monthly

+1.89%

Drawdown

-4.12%

Profitability

1.84

 

Robocopy FX Myfxbook

We have Robocopy-FX-1 on a real USD account on IC Markets running automatically with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record and verified trading privileges badges. It was created on October 21, 2020. The developers have closed the information about the deposit. Since then, the absolute gain has become +12.48%. An average monthly gain is +1.89%. The maximum drawdown is 4.12%. This account has no people tracking it.

Robocopy FX advanced statistics

Robocopy-FX-1 has traded 251 deals with 702.5 pips. An average win is 7.85 pips when an average loss is -7.61 pips. The win rate is 67% for Longs and 64% for Shorts. An average trade length is four hours and fifty-five minutes. The Profit Factor is 1.84.

Robocopy FX trading results

The robot works only with six symbols instead of eleven on the other EA. EUR/AUD is the most traded symbol, with 79 deals. The most profits in pips were obtained on GBP/CAD - 401.0 pips.

Robocopy FX trading results

The robot executes deals at night. According to this intel and trading length, the system is a night scalper.

Robocopy FX trading results

Monday (42) and Wednesday (43 deals) are the less traded days.

Robocopy FX trading results

There is a low risk to lose even 10% of the account. 

Robocopy FX trading results

As we can see, the system sets a wide TP but never reaches it.

Robocopy FX monthly gain

It’s the shame to have this low monthly profitability for a night scalping trading advisor.

The company

Robocopy FX. There’s no real company behind this service.

There’s no real company behind this service.

Robocopy FX Pricing

Robocopy FX still has a low rate (3.5 from 10) on Forex Store. It’s a low score for a professional trading solution.

Pricing

Robocopy FX Pricing

  • The monthly subscription costs $127. 

  • There’s no lifetime pack provided.

Robocopy FX. The package is featured with only a 7-day money-back guarantee.

  • The package is featured with only a 7-day money-back guarantee.

Robocopy FX. We’re free to cancel the subscription, but we have to do it five days before the invoice will be delivered.

  • We’re free to cancel the subscription, but we have to do it five days before the invoice will be delivered.

Robocopy FX. We’re free to cancel the subscription, but we have to do it five days before the invoice will be delivered.

  • The purchase requires us to provide all information including credit card details. It’s risky to do it on the no-name site.

Review Summary

Pros

Cons

  • Two real accounts with trading results
  • No team revealed
  • Money-back guarantee provided
  • No settings explanations provided
 
  • No strategy details and explanations provided
 
  • No backtest reports shared
 
  • Mediocre trading results on both accounts
 
  • Short-term money-back-guarantee provided
 
  • No people testimonials published
 
  • Support within 48 hours

Conclusion

Robocopy FX is a signal service that doesn’t look trustworthy. The developers didn’t provide any information about strategies and indicators behind both versions of the system: Robocopy-FX-1 and Robocopy-FX-2. Trading results showed that both systems are so far from being well-shaped and stable. So, copying signals from this service is a mistake.

Rating: 2/10


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