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FXMath X Review: Is It a Reliable System?

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FXMath X

FXMath X is a fully automated trading robot that works with leverage of 1:100 till 1:1000. The algorithm operates within the MT4 platform and claims to provide traders with the financial freedom they always dream of. We will look at the trading strategy of the EA and see if it can be profitable for us.

The signals have the following features:

  • It comes with support 24/5
  • The team is always looking to develop it further
  • The robot adapts itself to market conditions
  • Traders can use it on any MT4 broker

How It works

The service will work if you follow the steps below:

  • Purchase one of the subscription packages listed on the website
  • Send over account number to the developers
  • They will active the robot and send it over
  • Place it within the MT4 platform to start trading

Trading strategies and currency pairs

The developer states that the robot works on EURUSD and calculates trades entries based on mathematics. Most of the information on the strategy is hidden, so we head over to the FXBlue records to see its working infrastructure.

From there, we observe the use of averaging. This is when the algorithm places multiple orders in the initial direction of the losing trade.

Trading history

Trading history

Backtesting results are available for EURUSD, where we observe the relative drawdown was around 24.43%. The winning rate was 92.54%, with a profit factor of about 68.85. On the hourly chart, the robot traded with a starting balance of $1000.

The robot tanked an average profit of $44472.14 during this period. There were 295 trades in total, where the best trade was $1835.3, while the worst one was -$252.25.

The modeling quality of the test stands at 90%. These records are from January 1, 2018, till November 30, 2020.

Backtesting records

Backtesting records

FXMath X trading statistics

Verified trading records are available on FXBlue. The robot has been trading from October 12, 2021, till the current date. The system made an average monthly gain of 49.9%, with an unknown drawdown value.

The winning rate stood at 88.2%, with a profit factor of 1.66. The best trade was $382.34, while the worst was -$16.16 in a total of 17 trades. The trading currency of the live account is Rubbles. If we contrast these results with the backtesting, we find out a similar win percentage, but the risk-reward ratios are substantially different.

Trading records on the website

Trading records on the website

Pricing and refund

Traders can purchase the service depending on the number of licenses they wish to get. The lifetime key for a single live and demo is available for $99. 2 portfolios can be purchased for $123, while the activation for 3 real and 4 virtual accounts costs $149. The developer does not provide any money-back guarantee. There is no trial or demo available to try it out before buying

The price of the EA

The price of the EA

What else you should know about FXMath X

There are four customer reviews on Forex Peace Army which gives the robot a total of 2 ratings. One of the traders says that the algorithm is using grid strategy without the use of stop loss. There is no real strategy in use, and it currently has a huge drawdown on the account. He plans to disable the system after some time.

Customer review on FPA

Customer review on FPA

FXMath X Conclusion

4.8

FXMatch X uses a dangerous grid strategy without any drawdown control in place. This can cause a high drawdown on your trading account. Traders have to be cautious with the use of the robot.

  • Price 6/10
  • Strategy 5/10
  • Trading results 3/10
  • Vendor transparency 6/10
  • Customer reviews 4/10
  • Support 5/10

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