Bober Lannister is an expert advisor that claims to use low-risk settings that keep your account safe while you generate profits. This system uses cross-platform software that can provide profitable returns as per the vendor. The live settings of the EA are optimized with the use of real ticks data. This ATS is fully automated and has been on the market since 2019.
You can purchase this FX robot for $499. A free demo is present for the account. The vendor does not provide further details like the features you get with the package or a money-back guarantee. We suspect the reliability of the system due to the absence of a refund. Further, when compared to the market average, the pricing is expensive.
Is Bober Lannister good?
From the info provided by the vendor and using our analysis, we find that while the system does not use risky approaches like the Martingale or other dangerous methods, the high drawdown indicates a risky approach.
Features of Bober Lannister
According to the info provided by the vendor, the key features that give this FX EA an edge over its competitors are:
- It has user-friendly settings.
- It does not use risky approaches.
- Free live sets are present for users.
- The system does not use risky approaches like the Martingale method.
- A minimum deposit of $100 is needed to use the robot.
- The recommended leverages include 1:30, 1:100, and 1:500.
- Main currencies the system is effective on include EURCHF, CHFJPY, EURNZD, GBPUSD, EURAUD, and many more.
|Recommended Leverage||1 :30,1:100, and 1:500|
What strategy does Bober Lannister use?
The developer Arnold Bobrinskii does not divulge the strategy this FX EA uses. Instead, he mentions that it does not use dangerous approaches like the recovery algorithm. The lot size for the subsequent order remains the same as per the risk settings irrespective of the results of the previous order. The virtual SL and TP are not changed and the live settings are optimized with the help of real ticks data.
Backtesting vs live trading results
A backtesting report shown above is present on the MQL5 site. As per the strategy tester report, we can see the system had generated a total net profit of 1,916,908 for an initial deposit of 10000. A total of 4953 trades were completed with a profitability of 65.29% and a profit factor of 1.58. The drawdown is 22.23%. From the results, it is clear that the profits are high and drawdown is low indicating a low-risk strategy and good performance.
A live signal is provided by the vendor on the MQL5 site for this FX EA. Here is a screenshot of the trading stats:
From the live USD account using the ICMarketsSC broker and the leverage of 1:500, we can see a growth of 130% is present. For an initial deposit of $200, the profit is $259.82 for the account that started in March 2021. The drawdown is 37.8% and the profit factor is 1.12. A total of 3,547 trades have been executed with profitability of 65.15%. Nearly 80% of the growth has occurred in 13 days which indicates the growth is not consistent. From the results, it is clear that the drawdown is high and profits are low indicating a risky approach and below-average performance. Compared to the backtesting result, the performance is poor.
The core team
Arnold Bobrinskii is the developer of this FX robot. He is based in Russia and has more than 8 years of experience in developing FX trading tools. Arnold has created 4 products and 3 signals. His other products include Bober Crypto and MT5 Bober. A couple of Telegram channel links are provided by the author for contact. You can also use the messaging option on the MQL5 site for contacting the author.