Yeti Forex Robot Review: A Money Making Beast?
In today’s post, we review the Yeti forex robot. The developers of this EA claim to genuinely want to help everyone make money off the forex market. They were inspired by years of struggling to make a living.
We analyze this EA in depth. We tell you about the strategies this EA uses. More so, we tell you about the performance and user feedback. Finally, we end this review with our honest verdict.
What is Yeti Forex Robot?
Yeti Forex Robot is an expert advisor running on auto-pilot without human intervention. The developers claim that this EA is a professional trend-trading software that helps you get a stable profit of 10% monthly.
In terms of strategy, this EA considers martingale and grid trading systems risky. However, the website states that this EA works by focusing on long-term profits instead of short-term gains. Therefore, each position they open has a StopLoss and a TakeProfit. Additionally, it utilizes H4 timeframe, which guarantees independence from brokers.
Consequently, to deal with brokers, the EA has an inbuilt high spread protection system. This protects traders from surprising losses during high market volatility. The developers identified ways in which brokers conspire to ensure robots and clients do not make money, so they aim to stop this. Tactics like high spreads, off-quote errors, and slippage consistently deny traders profit. This EA claims to have a solution for this!
After Purchasing this EA, the package includes:
- Yeti forex robot for MT4 platform
- Detailed user guide
- Lifetime support
- 60 days money-back guarantee
The EA is offered in two packages, a single and unlimited license.
Yeti Forex Robot Notable Features
The website has listed the top features for this forex robot. Most notably, they offer 24/7 customer support including skype.
Yeti Forex Trader: Performance Statistics
The creators provide backtest results with low, medium and high risk settings. The currency pair used for the test is EURUSD. The timeframe used is 4 hours while the modelling quality is 90%.
This test runs over 10 years, generating a net profit of $109,107 from an initial deposit of $1000. Note that this is with the low-risk setting.
For the medium account, the EA makes a net profit of $250,000 from an initial deposit of $1000. On the other hand, with the high-risk setting, the EA gets a net profit of $500,000 from an initial deposit of $1000. However, in this case, the relative drawdown is 56% which is quite high. For all these trades, the spread was 10.
Backtests give a good indicator of how an EA may behave in a market. However, to get the true picture, we use real-live trading accounts that are verified. In this case, we searched on Myfxbook and FX blue for real live accounts, but we could not find any. Actually, the one hosted on Myfxbook was deleted.
Lack of a real live account really blows off the tires for this EA. For transparency purposes, we expect developers to have real verified accounts where prospective buyers can view how the EA is performing.
Yeti Forex Robot User Feedback
User feedback goes a long way in boosting confidence for an EA. In this case, we searched the internet for user reviews. However, we only found a single user review on one reputable site. The feedback explicitly states that traders should completely avoid this EA. On the other site, there were no user reviews.
The lack of a real trading account makes this EA look like a scam. It is by no means a money-making beast; it is more likely to swallow your money. The user review we got also seem to correspond with our analysis
Finally, we advise our readers to stay away from this EA completely. This until the developer posts verified results and the community trust level gets better.