Forex Transformer Forex Robot Live Testing Review:
-$236.60 (-2.4%)
Forex Transformer Forex Robot shows us very clearly a major problem with Forex Robots today. It closed out 2 trades, for an overall loss of over $300. What is one of the major problems with Forex robots? Poor risk/reward ratios.
Many Forex robots are scalping robots. They look for small gains of 10-30 pips to take a quick profit. However, they typically have 50-150 pip stop losses (or even more). So a single losing trade can wipe out any gains from multiple winning trades. In the case of Forex Transformer in our 18 days of trading so far, it has a win ratio of over 66%, but has lost over $200 overall. While it hasn’t had the complete and utter failure of Forex Gridbot (check out our Forex GridBot Review), it is still losing money. Here are the full stats so far:
Forex Transformer Forex Robot closed 2 trades throughout the past day:
- Winning Trades: 1 (+$144.00)
- Losing Trades: 1 (-$450.00)
- Today’s LOSS = -$306.00
Forex Transformer Forex Robot is down 2.4% in 18 days of testing.
Forex Transformer Forex Robot Summary Results (18 Days):
- Profit Trades: 12 (66.67%)
- Loss Trades: 6 (33.33%)
- Total Net Profit: -$236.60 (-2.4%)
Here is the latest live trading forward testing statement for Forex Transformer Forex Robot:
We will test Forex Transformer Forex Robot for a full month before deciding if it is confirmed, plausible, or busted.
Test the Forex Transformer Forex Robot along with us. It has a money back guarantee if it doesn’t work out. But don’t use it on a real money account until it is proven to work!
So join us and find out if Forex Transformer Forex Robot actually works, or if it will be another Forex Robot Busters casualty!
If you use Forex Transformer Forex Robot, please post your opinion and experience with this automated trading system.
Good Trading and be smart out there!
The Forex Robot Busters Team
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