Odin Forex Robot (forexrobottrader.com) was developed and marketed by the ForexRobotTrader team. Odin Forex Robot has been described by the team as having a high level of accuracy when it comes to trading, as evident on its sales page.Today we will be reviewing this EA to ascertain if the service this vendor is offering is worth the purchase. Read through our review to see what experts have to say about the Forex trading software.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on, it even automatically initiates and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Odin EA Review
The website looks professional and well designed just like it counterparts under the ForexRobotTrader team.
The sales page of the website gives some claims on its trading accuracy that we find a bit unbelievable. There have been past instances where the ForexRobotTrader has been accused of producing questionable trading results and its refusal to provide verified results.
How Odin EA Works
In this section, we cover the strategy and methodology the EA works. We also take a look at the trade result if any is provided. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This EA works on the MT4 and the MT5 Platform, it works on multiple currency pairs. USD/SGD, NZD/JPY, EUR/CAD, EUR/CHF, NZD/CHF, EUR/GBP, USD/JPY, EUR/USD, EUR/AUD, GBP/CAD, EUR/NZD, AUD/CHF,USD/CHF
This EA implements a grid trading strategy that selects the most effective entry and exit points by using real-time analysis with no lag. However, the website doesn’t provide any real explanation or insight into how this strategy is applied or how it works out in normal market conditions. This can be considered as a red flag by some potential buyers, who want detailed insights into how an EA works.
Odin EA Price
According to the sales page, Odin EA used to be available for $199. However at the time of this writing, the present discount rate is 35% which places the price at $129.
Customer Support
They provide a contact form for any communication.
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We couldn’t find enough reviews by paying customers to come a decisive conclusion about this particular EA.
Conclusion
After going through all aspects of this EA, we are not satisfied with gaps between what it promises and what it delivers.
Due to lack of feedback we couldn’t gauge the satisfaction of the customers.
This EA is on the high side, and as such we won’t be recommending the use today as we aren’t sure of its efficiency for that price range
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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