Pterodactyl Forex Robot assures accurate and profitable trades with its smart approach. The FX robot is fully automated and uses retracements and fractals for identifying the winning trades. As per the vendor, the system has made profits of $93,257 in 2022 and $46,548 in February. The vendor claims that you can spot the biggest trades with the advanced approach used by the ATS.

This FX robot is developed by the Forex Robot Trader company founded by Don Steinitz. Unfortunately, we could not find company information like the founding year, location, phone number, etc. For support, the vendor provides an FAQ section, a support center with information and helpful guides, and an online contact form.

Pterodactyl Forex Robot: characteristics

The key features that give this FX robot an edge over its competitors as per the vendor are:

  • It uses potent fractal trades using trend and retracement patterns.
  • This FX robot is an advanced system that has three times more code than normal.
  • It uses the Fractal Breakout FX indicator for identifying the winning trades.
  • The setup is very simple and can be used on any FX chart.
  • The ATS is optimized to work on any currency pair.

Currency pairs, strategy & timeframe

As per the vendor info, the system assesses the prevailing trend and calculates the entries using retracements. When it spots a retracement, the FX robot plots fractal setups and automatically trades. It can execute numerous trades every month with low risk due to the retracement confirmations it uses. The ATS uses robust stop management and trade closure. It also filters out false signals and has automated money management that helps limit risk.

Pterodactyl Forex Robot trading performance

No backtesting results are present for this FX robot. Although backtests do not predict the future performance of a system, they help to understand the trading method. The lack of backtesting results makes it difficult to evaluate the approach used. Performance results are present for the FX EA. Monthly reports of the trades and the profit/loss generated are provided by the vendor. Here is the February 2022 performance report.

Performance stats of Pterodactyl Forex Robot on the Robot Trader website.

From the above stats, we can see the EA has generated a total net profit of 46,547 for a total of 734 trades. The profitability is 74.93% and the profit factor value is 4.24. A drawdown of 0.01% is present. From the results, we can see that the profits are high indicating good performance. The low drawdown denotes low risk. While the results show good performance, they are not verified by a reputed third-party site like myfxbook, FXBlue, etc. The lack of verification makes it difficult to check the veracity of the stats. 

How much does it cost?

According to the info on the official site, the FX robot is on sale and can be bought at its lowest price. While the original price is $199, the vendor has provided a 75% discount. After the discount, the price of the FX robot is $49. We find the price is affordable when compared to the market average. However, there are some shortcomings. For one, the vendor does not provide info on the features you get with the package. Further, there is no money-back guarantee that makes us suspect the reliability of the system.

Reviews from customers

While we could not find user reviews for this particular FX robot of the Forex Robot Trader company, we found 270 reviews on the Forexpeacearmy site for the company. Here are a few of the recent reviews:

User review for Pterodactyl Forex Robot on the Forex Peace Army site.
User feedback for Pterodactyl Forex Robot on the  Forex Peace Army site.

From the feedback, we can see that one user feels that the company is a scam. He complains of being unable to download the software after purchase and cites the poor customer support as another factor for not recommending the system. Another user complains that the products do not work with most of the popular brokers.

Should you use Pterodactyl Forex Robot?

ProsCons
A fully automated softwareNo vendor transparency
Affordable pricingLack of verified trading results
No money-back guarantee

Conclusion

Pterodactyl Forex Robot promises high-frequency winning trades with its fractal calculations and unique approach. We find the price is very affordable when compared to the average pricing in the market. But there are a few factors you need to consider with care. The vendor does not provide backtests or verified trading stats. While there are monthly performance reports present, they are not verified by a reputed third-party site like myfxbook, FXBlue, etc. Other shortcomings include the lack of vendor transparency, an absence of a refund policy, and negative user reviews.