MyFxBots
Updated on Thu Jun 23rd, 2016

RayBOT Review Introduction

As a non-Grid, non-Martingale system, RayBOT relies for its trading on price swings between Support / Resistance levels. It is a frequent trader achieving a trading rate of about 5 to 10 trades a week on each currency pair.

License

2 Real + 2 Demo Accounts for Any Subscription Type.

NFA / FIFO

Compatible.

Compatible Brokers

All Brokers with All Account Types are Supported (low spread brokers are recommended), We Recommend IC Markets, Tickmill, or Alpari Forex Brokers With TradingFX VPS for the Best Stability and Profitability.

User Manual

A detailed User Manual is Included with the EA for its installation, setting up and usage on MT4 platform.

Support & Upgrades

24 / 7 Professional Support and Free Monthly Optimized Setting Automatic Updates throughout the Subscription Period.

Refund Policy

30 Day Money Back Guarantee.

Supported Currency Pairs

EURUSD, AUDUSD, USDCAD

MT4 Chart Timeframe

M15

Trading multiple currency pairs ensures stable higher gains with losses much offsetting.

Verified Live Trading Results

By analyzing RayBOT MyfxBook verified trading results and its live performance we could find that:

  • Its potential gains can be 10% a month by using the developers recommended risk level gathering a compound annual growth rate (CAGR) exceeding 60%
  • It has a positive risk reward with a win rate that could exceed 57%.

RayBOT SMFX Risk 7 Forex Trading System by Forex Trader raybot

RayBOT SMFX Risk 7 Forex Trading System by Forex Trader raybot
Settings: Recommended risk level with Default settings
Started On
Feb 09, 2016
Leverage
1:100
Broker
Solidary Markets FX
Account Type
Real
Starting Balance
$500.00

RayBOT Forex Trading System by Forex Trader forexgermany

RayBOT Forex Trading System by Forex Trader forexgermany
Settings: Recommended risk level with Default settings
Started On
Jan 31, 2016
Leverage
1:500
Broker
IC Markets
Account Type
Real

The Number One Choice for Expert Advisors! True ECN Spreads from 0.0 Pips!
The Number One Choice for Expert Advisors! True ECN Spreads from 0.0 Pips!

Strategy Backtests

We have tested RayBOT using high quality Dukascopy Tick Data (every tick) from 2011 to 2016 on the three supported pairs via a RoboForex ECN-Pro NDD Real account with a real spread of 6 pips for AUDUSD, 0.5 pips for EURUSD and 1.0 pip for USDCAD (the lower the spread, the better the results). The EA proved its ability to efficiently handle all the price action types.

We have applied different risk levels (Max_Risk_Per_Trade) of 5, 7 and 10 in addition to fixed lot size of 0.1 with no risk! Each variation was tested on every currency pair individually to better understand the EA performance!

The backtests maximum drawdown resulted is below 25% or less than 800 pips over the whole 9 years period of testing, so it's highly expected to be much lower and shorter on live trading thanks to the EA automatic optimization capability as mentioned before.

Trading Style (Visual Backtest)

v4.0 - EURUSD - 30th Sep, 2015 to 31st May, 2016 - Default Settings and Risk

v4.0 - EURUSD - 30th Sep, 2015 to 31st May, 2016 - Default Settings and Risk
Backtest Summery View Full Backtest

AUDUSD Backtests

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Fixed Lots 0.1

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Fixed Lots 0.1
Backtest Summery View Full Backtest

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Risk 5

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Risk 5
Backtest Summery View Full Backtest

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Risk 7

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Risk 7
Backtest Summery View Full Backtest MyFxBook Analysis

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Risk 10

AUDUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 6, Risk 10
Backtest Summery View Full Backtest

EURUSD Backtests

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Fixed Lots 0.1

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Fixed Lots 0.1
Backtest Summery View Full Backtest

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Risk 5

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Risk 5
Backtest Summery View Full Backtest

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Risk 7

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Risk 7
Backtest Summery View Full Backtest

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Risk 10

EURUSD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 5, Risk 10
Backtest Summery View Full Backtest

USDCAD Backtests

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Fixed Lots 0.1

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Fixed Lots 0.1
Backtest Summery View Full Backtest

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Risk 5

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Risk 5
Backtest Summery View Full Backtest

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Risk 7

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Risk 7
Backtest Summery View Full Backtest MyFxBook Analysis

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Risk 10

USDCAD 2011 - 2016 Dukascopy Tick Data, 99% Quality, Real Spread 10, Risk 10
Backtest Summery View Full Backtest

Portfolio Report with Risk 7 on EURUSD + AUDUSD + USDCAD from 2011 to 2015

(Conducted by the EA developers)

Portfolio Report with Risk 7 on EURUSD + AUDUSD + USDCAD from 2011 to 2015

Trading Strategy

By its carefully coded logic, RayBOT trades swings close to support / resistance levels and once a position has been opened, the eagerly acting built in trade management unit starts its work.

To protect the trade, the ideal StopLoss and TakeProfit levels are then immediately calculated by the EA to be set on the broker's side, while the trade is really managed by using undisclosed StopLoss and TakeProfit which are dynamically calculated by the EA according to the running volatility level and usually limited to 65 pips on an average of just 35 pips. During periods of financial crisis, the market could be extremely volatile, in such cases, the EA sets the StopLoss at a maximum of 200 pips.

RayBOT allows winning trades to continue to their full potential to maximize gains while it early cuts losing ones. It usually closes trades on the trend strength loss or at the early beginning of a reversal.

The system is a positive risk to reward ratio dependent, achieving a success rate that could exceed 50%.

Parameter Settings

All what is needed to be set for trading are these parameters (The Most Important):

Activation_Code

This is to be set to your activation code sent to you by the EA vendor after subscription.

Max_Risk_Per_Trade

The Maximum Risk Per Trade value is recommended by the EA developers to be set to 7.0.

Fixed_LotSize

If set to zero, Fixed lot size would be disabled, to enable it set it to any higher value.

Auto_Optimization

This is an interesting advantageous parameter!

When enabled (set to true), the remaining parameters will be automatically updated and optimized online from RayBOT official server, all upcoming updates will be tightly optimized and tested by the EA developers team and are released once every month to be used for trading throughout that month.

Disabling it by setting it to false will expose all the EA parameters to manual setting up and won't be automatically updated.

Max_Risk_Per_Trade

This parameter is important in setting the accurate risk for trading RayBOT and is set by default to 7, so the calculated lot size for EURUSD in a $10000 account would be 0.3 lot.

These parameters with all the others are explained in more details in the included user manual.

The remaining trading parameters can be left as are to be automatically updated if desired.

Bottom Line

What most distinguishes RayBOT is that it's not sold forever as the majority of other Forex Robots, but has a paid periodic subscription license, even the lifetime subscription has an annual renewal fee of $65, this could be a bit costly for the traders using it especially the beginners, but this is the only and surest guarantee for the continued support and development of the EA over time.

Promotional Videos (by the Developer)

By:
4.54/5
44 total votes.
$ 290 / Year
RayBOT Annual Single Account $ 375 / Year
RayBOT Annual Two Accounts $ 975
RayBOT Lifetime Two Accounts
RayBOT Official Website
RayBOT Blog Section

Latest RayBOT News and Updates

RayBOT EA v4.0 EURUSD 8 Months Visual Backtest Video This Backtest was for RayBOT EA v4.0 on EURUSD using a spread of 1.0 in a 99% Modelling Quality Dukascopy Tick Data Via a RoboForex ECN Real Account
RayBOT Captured The Last Week Prices High Jump RayBOT was performing well over the last week and on Fri all the pairs traded by the EA; AUDUSD, EURUSD and USDCAD has gone suddenly into a high jump, and our hero was there!
RayBOT Tick Data Backtest Vs Real Trading Feb to March 2016 By analysis, it's obvious that the Backtest results are too closely matching those of real account live trading. This strongly validate the long-term strategy used by RayBOT algorithm

Talk about RayBOT

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.