We’re reviewing a rend-following and reversal robot called Alpha Account Booster EA.
Alpha Account Booster EA is hosted at forexrobotguru.com, which is a very new website.
1 day trial costs $0 while month to month license will go for $250.
Traders who want to rent for 6 months will part with $499 while a lifetime license of the Forex robot will cost $2,500.
The developer is not known despite his claims that he has been developing trading systems for the last 8 years.
He discloses that he has created 1000 trading systems in the past. But so far, I have seen Range Money Maker trading system.
I don’t know where the rest of his trading systems can be found.
Alpha Account Booster EA also has a myfxbook account, just like Range Money Maker system by this developer.
Is Alpha Account Booster EA legit?
To answer this question, we will take you through the trading performance and provide our analysis.
The developer seems to have created two myfxbook accounts for the Alpha Account Booster EA.
One has since been deleted and we’re only left with one myfxbook account which is tracking the performance of this EA from a Forex broker called FBS.
Overall monthly return is +34.73% since June 11 2020.
At the moment, this account is showing an average monthly gain of 34.73% and drawdown of 25.08%.
We found that the last time this myfxbook account was updated was in Jul 04 at 12:18.
Technically, this guy traded with the Forex robot for 1 month only.
Developers do this most of the time for the sake of marketing their Forex robot.
They’re probably not confident that the robot will provide the desired consistency in the long term.
So it’s worth achieving some quick profits and stopping the robot’s activities before the account is ruined.
We do not trust these kinds of Forex robots, and Alpha Account Booster EA is one of those EAs that we will not trust after looking at performance stats.
We can’t verify the alleged 85% trade accuracy of this robot.
Also, the alleged 30% to 120% monthly return is something that forexrobotguru.com was not able to prove in the long term.
Furthermore, 1 day of trial is too short to make conclusions.
Therefore, forexrobotguru.com, owner of Alpha Account Booster EA is not able to provide evidence that their EA is effective in following trends and reversals for consistent profits.