In todays post, we carry out Arteon Forex Robot Review. This is an EA that is fully automated.
We analyze the legitimacy of this EA. Will it make you any profits or lead you to losses. We also check what other users are saying about this robot. Finally, we also examine results from real live verified accounts.
What is Arteon Forex Robot?
At the time of publishing this EA, Arteon’s website was down. However, we dug around the internet to bring you credible information because EA market places are still selling this forex robot.
From what we gathered, the developers claimed that this EA was the greatest on the market. They believed that it was stable, reliable, and profitable.
The Arteon EA works on several currency pairs, including EURUSD, GBPUSD, USDJPY, AUDUSD, EURGBP, and USDCAD, on an M15 timeframe.
Arteon Forex Robot Notable Features
- Multiple Currency Pairs
- 15 Minute Timeframe
- One or Unlimited Licenses
- 30 Day Money Back Guarantee
- Full Customer Support
- Lifetime Updates
- Any Deposit
- Any Leverage
- Detailed Instructions
- MetaTrader 4
Arteon EA Strategy
Arteon Forex robot is considered a day trading robot. A typical trade will last around 6 hours. It avoids extreme scalping, so it is not heavily dependent on brokers or tight spreads.
We also gathered that it does not use arbitrage, averaging, or hedging trading strategy.
Arteon FX Robot User Experience and Performance Statistics
We did not find any backtest results for this EA. Backtests results are important because they show us how the EA would have faired over a period of time. It mostly utilizes historical data to check the effectiveness of the EA. Although not entirely conclusive, it indicates how the EA may perform.
Good thing we got two sets of results for real accounts hosted at Myfxbook. The first real account results are not bad. The data shows a gain of +204.9%, which is an outstanding number. However, the absolute gain also clocked at the same value. This points to the fact that the owner of the account had to add money to support it. The drawdown stands at 29%, while the monthly growth is 8.2%.
The second sets of results are abysmal. Gain stands at almost 100% in the negative. The initial deposit being $602 is also lost by $596.
Please note that both accounts were closed in in 2018 and 2017 respectively.
The results for this EA are not encouraging at all. However, lets see what customers say about their experience.
We searched for user reviews from reputable sources. However, we could not find any. This is a tell-tale sign that this EA is not reliable.
Verdict: This EA lacked backtests and customer reviews. Results from real accounts are not good either. Investing your money in this EA is a lost cause.
Arteon is a day trading EA. It works with several currency pairs and uses a strategy that avoids extreme scalping.
We were disappointed that this forex robot does not have a functional website. Moreover, the results from real accounts do not point to any profitability.
We advise new traders as well as those experienced to avoid this EA completely. This until the developers rectify all the issues we have pointed out.