Falcor Forex Robot promises a powerful trading experience with its price action approach and no-lag indicators. This completely automated system works day and night identifying profitable opportunities quickly. You can purchase this FX robot for $79. The vendor does not offer info on the features you get with the package. We could not find details on how long the product has been on the market. For support, the vendor offers an FAQ section, an online contact form, and a support center.
Is Falcor Forex Robot good?
As per the vendor, the ATS executes trades instantly without any lag and uses a price action strategy to identify the accurate entries and exits. However, there are no backtests or verified real trading stats to prove the claims of the vendor. While the price looks affordable, the lack of a money-back assurance makes us doubt the reliability of the system.
Features of Falcor Forex Robot
According to the vendor info, this ATS has new features that are not found in any other FX robots in the market. Some of the key features of this system highlighted by the vendor are:
- The FX EA uses an advanced logic that was initially considered complicated to use in an automated system.
- It uses micro, mini, and full-size lots and can adapt to the size of your account.
- A clutter-free design of the charts helps users to track and monitor their trades easily.
- You can execute the best trades without analyzing any chart.
- The robot is designed to monitor the market day and night.
- It can work on multiple currency pairs.
What strategy does Falcor Forex Robot use?
According to the vendor, this system uses the price action approach to make accurate entries and exits. It analyzes the price momentum and looks for changes in real-time. There is not much info present on the strategy and its application. We find the explanation is vague and does not provide a proper insight into the system.
Backtesting vs live trading results
No backtesting results are posted on the site. Backtesting is a vital tool for traders to understand the efficacy of the approach used by a trading system. Although the tests cannot predict future performance, they help traders to know about the strategy. The lack of backtests makes it difficult to analyze the strategy. There are no verified trading stats for this FX EA. We could only find monthly performance reports on the official site. Here are the performance stats for February.
From the above stats, we can see the system has generated a total net profit of 67,254 and a profit factor of 8.11. For a total of 609 trades, the profitability is 84.89% and drawdown is 0.0%. While the profits are high and no drawdown is present, the lack of verification makes it difficult to know the authenticity and efficacy of the system. We prefer real trading results verified by a trusted third-party site like Myfxbook, FXBlue, etc.
The core team
Don Steinitz is the developer of this FX EA. He is the founder of the Forex Robot Trader company. He and his team of programmers have developed several FX robots and indicators including the Falcor Forex Robot. Other products of the company include Vader, Odin, Pterodactyl, and others. There are no details concerning the founding year, location, phone number, experience of the team members, etc.