Screti Forex Robot Review

Dec 5, 2020 08:26 AM ET
Screti Forex Robot Review

Claiming to be the only automated Forex trading system that traders would prefer to use, Screti Forex Robot assures stable monthly profits. This system uses indicators for identifying the appropriate trades.

Focused on the EURUSD pair and compatible with the Metatrader 4 platform, does Screti Forex Robot walk the talk? Can you trust this expert advisor system to deliver? Find out in this detailed Screti Forex Robot review compiled by our experts.

Screti Forex Robot

Type

Fully-automated EA

Price

€99-€129

Strategy

Trend 

Compatible Platforms

MT4

Currency Pairs

EUR/USD

Timeframe

M1 to H1

Recommended Min. Deposit

$200

Recommended Deposit

$1000

Leverage

from 1:200

Trading Strategy Explanation

Screti Forex Robot is designed to work on the EURUSD pair and uses the timeframes from M1 up to H1. According to the vendor information, the system works by using indicators like the RSI, CCI, etc for identifying suitable trades.

This automated Forex system helps spot the ideal trend as well as analytic trades with a high level of accuracy as per the developer. A profit percentage of 50% is assured with this system. We could not find any more information on the strategy used as the developer fails to explain the specific strategy used.

Mario Daniele Screti is the developer of this Forex robot. An active MQL5 profile of the developer is present on the MQL5 site. The vendor provides a contact telephone number, but no email address or contact form.

Screti Forex Robot price

There are different packages made available by the vendor including Jack F1 to F7 Pro packages with each differing in the number of real accounts they provide. The cost of the packs ranges from €99 to €299. Currently, the Jack Flash Bundle 7 EAs, with 10 real accounts is available at a discounted price of €99 until December 2020.

Backtest Data Analysis

No backtests are provided for this Forex robot, which is disappointing as strategy tests would help us understand the trading method used and its effectiveness. The absence of backtests indicates the lack of commitment on the part of the developer towards providing proper proof of the strategy used.

Live Trading Data Analysis

Trading Results

FX Blue Account

Real (USD)

Started

June 2020

Deposit

$1000

Balance

$2156

Gain

418.1%

Daily

6.5%

Monthly

30.2%

Drawdown

-

Profitability

2.89

A real account verified on the FX Blue site is displayed on the official page by the developer. This is a real and live account that shows a total return of 418% and a monthly return of 30.2%. The profit factor is 2.89. We could see from the trading history of 183 days and 8.9 trades a day average with risk to reward ratio of 12.55 that the Forex robot is using a high-risk strategy. 

Although the FXBlue account shows several trading stats about this automated trading system, we would prefer seeing the results on the myfxbook site as this reveals more information on the performance like the drawdown, which is not shown in the FXBlue results found in the screenshot below:

Screti Forex Robot FXBlue results

User feedback

We could not find any reliable feedback from users on trusted sites such as Forexpeacearmy, Trust Pilot, etc. The absence of user reviews is a tell-tale sign that the system has yet to prove its effectiveness. With more than 12 months of real trading results shown as per the FX Blue site information, we are suspicious of the fact that there are no genuine reviews for this system.

Review Summary

Pros

  • Verified FX Blue trading results

Cons

  • The strategy used by the Forex robot is not explained properly

  • Does not provide money-back offer

  • No verified Myfxbook results

Conclusion 

With a diverse range of packages, the Screti Forex Robot system lacks clarity on several aspects including the features provided for the individual packs, the strategy used, and proper performance results verified on sites like Myfxbook.

The absence of user feedback is another shortcoming that reveals that the system does not provide any genuine proof that it works. With such a vague trading profile we would not recommend this automated Forex trading system.

Rating: 2.6/5

  • Features – 3/5
  • Functionality – 2.5/5
  • Performance –2.5/5
  • Price – 3/5
  • User feedback- 2/5

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