Oxygen FX TRADER Ratings and Reviews | What a SCAM!
Oxygen FX TRADER is a grid EA.
The forward test gives good results so far, but is it worth using?
The name is similar to “FXOXYGEN”, but “Oxygen FX TRADER” is different. It seems to be confused, but be careful.
Basic information of Oxygen FX TRADER
|Number of real accounts||1||2||3|
|Number of demo accounts||1||2||3|
Recommended deposit amount：$100
The price is relatively cheap.
However, even if the price is low, there is no point in purchasing if the result is bad.
Live performance of Oxygen FX TRADER
The result of the forward test is published on FX Blue.
It draws a beautiful rising curve.
The monthly profit rate is close to 30%, and the drawdown is kept below 20%.
However, it is very dangerous to use this EA given such a result.
It is very dangerous to use EA without checking the transaction characteristics and developer’s reliability.
Trading Features of Oxygen FX TRADER
If you check the transaction history, you can see that this EA is an EA that performs grid trading.
Since martingale is not adopted, lot size does not increase.
Even if the price goes backward from the direction of the position, the EA will continue to wait until the price returns without loss cut.
Is Oxygen FX TRADER Fraud ?
The developer of Oxygen FX TRADER is suspected of pretending to be another person and selling a lot of grid EAs.
The following are examples.
Both are very likely to be the same developer considering the fact that they are grid EAs that do not use martingales and the characteristics of the sales site.
Looking at the forward test of “Z Trader FX EA”, it was good at first, but the current result is very bad.
Grid EA does not lose cut, so it may leave good results for a certain period.
Developers are trying to sell EA continuously by making use of the nature of this grid trade and creating a large number of grid EAs.
“Oxygen FX TRADER” is expected to have good results for a certain period of time, but over time like “Z Trader FX EA”, the results are likely to get worse.
In the worst case, your account will be destroyed at once.
In addition, the forward test of “Oxygen FX TRADER” is operated with a deposit amount of 417CNH.
CHN is a Chinese currency.
417CHN is only 60USD worth when converted to USD.
It is operated with very little deposit.
If developers are confident of the results, they will operate with a larger deposit.
“Z Trader FX EA” and “Worthy FX TRADER” are also operated with very small RUB accounts.
Are developers trying to make their account balance look bigger by using CHN or RUB accounts instead of standard USD accounts?
The intention to deceive the user can be seen.
Conclusion of “Oxygen FX TRADER”
You should not purchase this EA based on the following points:
Again, grids and martingales are characterized by good results for a certain period of time, but not necessarily for a long time.
When you lose, your account is destroyed at once.
It is very dangerous to buy this EA based on the results of the forward test.