FX Oxygen is an old robot that hasn’t been updated for a long time. The system was released six years ago in 2015. The presentation doesn’t include much minimum required intel about how the system is going to make us profitable.
We have prepared a list with useful details about how the system has to work according to the devs’ vision.
- The system was introduced as a fully automatic trading solution.
- It can be used on MT4 only.
- The profitability can be up to 20% monthly.
- Provided trading results showed that the robot is a scam.
- We are allowed to work with EUR/USD and USD/JPY on M30.
- It’s hard to entrust any amount of money to work with.
- The advisor was tested on the 10-year tick data.
Trading strategies and currency pairs
- The devs don’t name strategies but it looks like it is news trading with Martingale.
- The main time frame is M30.
- It trades EUR/USD and USD/JPY symbols only.
We have a report of EUR/USD that was tested on the M30 time frame. The period was 2006-2015. The modeling quality was 90% with 2-pip spreads. An initial deposit was $10,000 that has turned into $147,668.38 of the total net profit. The system executed 1425 deals. The accuracy was low – 51%. These numbers were low for a backtest.
FX Oxygen trading statistics
The system has been working on a demo account on the FXOpen broker automatically on MT4 without leverage mentioned. The account has a verified track record. It was created on December 11, 2018. Since then, the absolute gain has become 9.94% only. An average monthly gain is 0.26%. The maximum drawdown is 34.81%.
The robot has executed 496 orders with 1091.2 pips. An average win is 68.45 pips when an average loss is -62.47 pips. The accuracy is 48-50%. An average trade length is three days. The profit factor is 1.04.
The advisor executes orders on EURUSD and USDJPY only. The last one was the most traded — 320 orders and it wasted $4222.01 of the balance.
It works two hours a day.
Tuesday with 87 orders is the less traded day.
The risks are almost maximal. The system is a dangerous scam.
From the orders, we can easily note Martingale trading.
The robot hasn’t looked stable this year. There were many months lost.
Pricing and refund
The devs claimed that only the first 500 copies are sold with a discount. A lifetime copy costs $210 instead of $295. There’s no details about what the package includes. There’s a 30-day refund policy applied.
What else you should know about FX Oxygen
We have nothing about the developers and if they have the proper experience to design a good Forex robot. They avoid providing their social network links.
We have a page of the company on Forex Peace Army without a rate and testimonials. There’s a blown account mentioned that worked for three weeks only.