Sponsored By
de | cn | ru

Expert Advisors Reviews

PastorPro Forex Trader Review - Is it scam or good forex system?

We recently introduced you to a relatively new automated system, called the Forex Cyborg Robot. As we stated in its review, it is easy to feel like you have missed out on the majority of a system’s gains, unless you get on board early on. We would like to present another system which has traded for a fairly short period of time – the PastorPro Froex Robot. 


Although past performance is never a guarantee for future results, we must reiterate, this system’s track record is extremely short. This means you should take everything with a grain of salt.




There is no information on the strategy used by the PastorPro Forex Robot. Looking at the historical performance, we believe it involves a lot of averaging down i.e. continuing to add to periodically add to a loosing position, with the hope of it turning positive. To put it in other words, this is very likely a grid trader, which is a dangerous type of EA


Our theory comes from comparing the system’s performance to a chart of the instruments it trades most often. They are the EUR/USD and GBP/USD currency pairs.

Here is a simple comparison of the system’s biggest loosing period and the EUR/USD daily chart:


The system experiencing serious drawdown (the image above)

The zone highlighted in red is the one where the drawdon occurs.


As you can clearly see, PastorPro experiences severe drawdown as the market moves strongly in one direction. The losses are then recovered, as the market retraces. One of the ways this can be achieved is via adding new short positions as the market continues to move higher and higher. 


Contrarian trading, in itself can lead to serious profits, if executed properly. On the other hand once, you put it in an automated system, things can go out of hand quickly. The forex market can experience substantial moves, without any retracement, in the case of major economic/political news. This is often the nemesis of such strategies.


Historical Performance


As we reviewed in the chart above, the PastorPro Forex Robot’s track record is being kept at the FxBlue (a service similar to myfxbook). The EA has returns of around 35% in a month and a half. This may seem impressive, but it is not that unusual for similar highly risky systems. 



The Pastor Pro has experienced an aproximately 41% drawdown. We must note, FxBlue only provides drawdon statistics based on closed positions. This can be very misleading, as it is in this case. We came to the 41% after our own calculations, based on the equity to balance chart (displayed in the Strategy section of this review).



The average pips per trade value of this system is really low – 0.3. This makes the strategy borderline useless, despite its recent gains. To explain briefly, the pips/trades value is the system’s expectancy per trade, meaning this is how much you should expect the EA to make for every trade it places. We consider anything under 5 pips hard to recommend, with values under 3 pips being outright bad. This is due to the fact factors, such as the spread and slippage become even more important for your bottom line with such levels. In contrast, the Harmonics Trader EA scores an impressive 58.1 pips/trade.




The Pastor Pro is available through a single payment per license model. The cost of connecting a single MT4 account with the system is $139. If you decide to get 2 licenses, a discount will be applied, reducing the cost to $249 (instead of $278). 


Bottom line


The Pastor Pro Forex Robot appears to be a grid-based system, although the developers have not provided any information on its strategy. The average pips per trade value of this EA is almost nonexistent, at 0.3. The robot has experienced a 40% drawdown within several weeks of the start of record-keeping. Overall, this is not a system we would recommend.


TAGS: pastorpro  pastorpro ea  pastorpro forex robot  pastorpro review  pastorpro scam  pastorpro forex robot review  pastorpro forex robot scam 
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, South Africa CySec, FSCA, FSC MT4, Web $5 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Expert Advisors Reviews

Forex Gold Investor EA Review - Is it scam or good forex system?

Nov 01 2017 12:40:41

The Forex Gold Investor is an automated trading systems which, as its name partially suggests, trades gold. In this review, we will attempt to unveil its secrets. Read more

Forex Fury EA Review - Is it scam or good forex system?

Sep 27 2017 15:32:55

 The Forex Fury EA is a product which you may have heard about. The team behind it runs a website, which reviews other Expert Advisors and recommends two of their own. In this review, we will give you our unbiased opinion on the Forex Fury EA. Read more

FXCharger EA Review - Is it scam or good forex system?

Sep 26 2017 15:27:24

This will be a review of the FXCharger Robot, a relatively new and interesting Expert Advisor. While not much is known about the essence of this system, we will delve into it. Read more

Long Vision EA Review - Is it scam or good forex system?

Sep 12 2017 13:34:59

The Long Vision EA is a portfolio of automated systems, which trade the currency markets. The system is being offered by a company called Feycox Development S.L. In this review, we will try to get a better picture of its performance. Read more

Einstein Trader EA Review - Is it scam or good forex system?

Aug 29 2017 09:18:04

The Einstein Trader EA is an automated system which has performed well in recent times. That being the case we decided to take a closer look at it, and see if we can figure out how it generates the results. Read more

Inertia EA Review - is it scam or good forex system?

Aug 18 2017 14:17:15

Have you ever wanted to hire a professional price action trader to manage your funds? If so, the Inertia Trader may be your solution. Here is out our honest review of this interesting trading robot. Read more

Funnel Trader EA Review - Is it scam or good forex system?

Aug 17 2017 11:24:02

We would like to present you the Funnel Trader EA, an automated system, which you can try for a very low price. But before we get to that, let’s take a look at the strategy behind it.   Strategy   The team which created the Funnel Trader does reveal much. Read more

Cash Cow EA Review - is it scam or good forex system?

Aug 15 2017 13:24:24

The Cash Cow EA is interesting not only fot the funny logo, which the developers have chosen. We will take a closer look at this system and reveal the basics of how it trades. The developers claim 98% of trading is automated, while the human element is still occasionally there. Read more

Minesweeper EA Review - is it scam or good forex system?

Aug 14 2017 11:23:42

 We would like to introduce you to the Minesweeper EA, a bit of a mysterious automated trading system. The team behind this project has not released much information about the way it operates, but we will do our best to reveal its secrets. Read more

Innovative EA Review - Is it scam or good forex system?

Aug 11 2017 13:29:19

AlgoTradeSoft is a developer of automated trading systems. One of their popular robots is the Innovative EA. Not much is known about the system, but we will do our best to debunk some of its mysteries. Read more

de | cn | ru