Forex FundsForex Robots

Bober Lannister Review: Is It a Good Investment Decision In 2022?

0
Bober Lannister

Bober Lannister trades on MT4 or MT5 platform and is compatible with all brokers. A minimum of $100 deposit is required to trade on multiple currency pairs. The expert advisor is available for purchase on the MQL5 website, where it is subjected to updates by the developer. Read our full review to know if this robot can generate profits in real market conditions.

Arnold Bobrinskii is the person who developed Bober Lannister EA. Other than a telegram group, the contact information is available on MQL5 for the public.

The developer has 4 products, with 3 signals and 12452 demos downloaded on MQL5. The traders can only contact the vendor through the MQL5 comment section or the developer’s telegram group. No location, biography, certificates, firm details, or external links to their social media accounts (Facebook, Twitter, etc.)  were provided.

Live records on MQL5

Live records on MQL5

Bober Lannister comes with the following features:

  • The expert advisor trades on the MT4/5 platform.
  • The robot is 100% automated.
  • The algorithm is not broker-sensitive.
  • The system is user-friendly
  • It requires leverage of 1:30, 1:100, or 1:500

Trading strategy and currency pairs

The developer only states that the robot does not use grid or martingale strategies. It trades on  EURCHF, GBPUSD, EURNZD, CHFJPY, EURAUD, and recommended currency pairs. The trade exits are virtual.

The trading history on MQL 5 signals shows us that the system is a night scalper. It opens trades towards the end of the New York trading session and can use averaging strategies to recover from losses.

Trading history of the EA on MQL 5 signals

Trading history of the EA on MQL 5 signals

The EA comes with backtesting records on MQL5. The developer deposited an initial amount of $10000, where the total profit of the expert advisor was recorded as $ 1916908.01. The system participated in 4953 executions, with a winning ratio of 65.29%.

The drawdown of the robot was 22.23%, with a profit factor of 1.58. The algorithm made a gross loss of -$3278328.42, and the largest loss was -$63905.37.

Backtesting results of EA

Backtesting results of EA

Bober Lannister trading statistics

The records on MQL5 of the robot show that the developer deposited an initial $200. The algorithm placed its first execution on 2021.03.04 and is live currently. The EA participated in 3705 trades with a winning percentage of 64.99% and a loss percentage of 35.01%. The worst trade performed by the system is -$49.18, meanwhile, the best execution is $23.49.

The gross profit and loss were recorded as $2562.93 and -$2304.71. The average holding time of order is of 7 hours. The expert advisor has a drawdown of 37.8% with a profit factor of 1.11. The robot stands at monthly growth of 8.47% and a recovery factor of 1.37.

Live records from MQL5

Live records from MQL5

Pricing & refund

Bober Lannister comes with only one purchase option; for an asking price of $499. The service provider states that the expert advisor is on sale, and the subsequent price would be $1200.

The asking prices are not satisfactory as more efficient EAs are available with lower costs. The vendor doesn’t claim any money-back guarantee but does provide the traders with a free demo version, which can be used to run backtesting results.

Pricing of EA on MQL5

Pricing of EA on MQL5

What else you should know about Bober Lannister

There are 14 trader reviews available with a rating of 4.54/5 on MQL5. The traders seem satisfied by the services of the provider. However, one of the customers stated that the robot is a total waste of money, and one should consider it before buying from this seller.

Customer review on MQL5

Customer review on MQL5

Bober Lannister Conclusion

4

Bober Lannister comes with live testing records and backtesting records which can be used to analyze its performance. The current drawdown on the signals page is a bit high, showing us that the account can lose more than a quarter of its value. Very little information about the author is available, and the product doesn't come with any money-back guarantee.

  • Pricing 5/10
  • Strategy 4/10
  • Trading Results 4/10
  • Vendor Transparency 3/10
  • Customer Reviews 4/10
  • Support 4/10

    Fidelity Launches ETFs on Crypto, Metaverse

    Previous article

    SPY Weekly Forecast: SPY Continues to Dig In Its Wheels in the Rut

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published.

    More in Forex Funds