We’ve prepared a review of a brand-new robot called Yeti Forex Robot.
Instead of some positive Forex-related statements, we see this monkey.
The company has an affiliate program that allows anyone to get up to 30% from each sold copy of the EA. 2checkout is a company that manages this program.
Yeti Forex Robot: Characteristics
Systemized features were united in the list:
- The robot can provide up to 10% of the monthly profit.
- The EA focuses on trading on high time frames (H4) to get more broker independence profits.
- It has protection from high spreads to cover us during the high-volatility moments.
- There’s a broker protection system that covers the most important information about open trades.
- The robot can be run on the MetaTrader 4 platform.
- It supports ECN-accounts.
- The money-management system calculates SL and TP to make our trading experience safe.
- It supports Standard, Micro, and Mini account sizes.
- The EA allows trading from 4 and 5-digits brokers.
- We can use it on the NFA-regulated brokers.
- We can rely on the 24/7 support.
- The developers suggest we use an ECN account on the Alpari broker.
That’s it. There’s still a lack of info like symbols, enhanced strategies, deposit and margin requirements, and so on.
Currency Pairs, Strategy & Timeframe
- The EA works only with EUR/USD.
- It trades on the H4 time frame.
Yeti Forex Robot Trading Performance
The presentation is featured by several backtests with the same symbol but various risks. It’s a medium one. The test gathers trading experience for ten years. It was performed on the H4 time frame with 90.00% quality. An initial deposit of $1000 became $251k of the total net profit. The Profit Factor was good (2.66). The maximum drawdown was high (25.32%). It closed 932 trades with up to 75% of the win-rate.
There are links to the four verified accounts.
We’ve picked a real USD one on the Alpari broker. Track Record is Verified. The EA works with 1:500 leverage on the MetaTrader 4 platform. An account was created on September 16, 2020. An average monthly gain is +10.58 when the absolute gain is +18.02%. The maximum drawdown is impossibly little compared with the profits (9.54%).
The robot managed to close 20 deals with a great number of pips (353.0). An average win (21.43 pips) is higher than an average loss (-16.40). It’s so rare to see. The average win-rate is between 85% and 92%. An average trade length is over a day. The Profit Factor is in times higher (9.54) than it was on backtests.
The robot works only with a EUR/USD symbol. The SELL direction is much more profitable.
Trading activity is split between trading sessions.
The weekly trading activity looks weird too, but this is probably because the little deals were traded.
The robot trades with a little risk to the account balance.
SL levels vary depending on the deal. TP levels are the same and set on the 130-140 pips mark.
As we can see, the EA is so young to say something about its performance for sure.
How much does it cost?
The vendor offers us to pick one of three packages.
The Single license package costs $200 and includes one real account license and one demo account.
For $300, we can buy the Full License package with two real and two demo accounts.
The Unlimited License package costs $3000. We can trade on many accounts and resell access to everyone. All packages include:
- Lifetime support.
- The 60-day money-back guarantee.
- Support by email.
- For the last package, we can be supported via Skype.
- We can pay via PayPal and Bitcoin.
Reviews from customers
Yeti Forex Robot has connected their account to the Forex Peace Army site.
The single review tells us the story of how a user tried to change the real account and the devs got rid of him forcing him to buy another package. From it, we know that this case is not a money-back-guarantee one.
Should You Use Yeti Forex Robot?
|Backtests provided||No strategy explanations provided|
|Real account trading results||No settings explanations provided|
|Money-back-guarantee provided||No money and margin advice provided|
|The robot is so young|
|Demo account limitation|
|Negative people’s feedback|
|Problems with refunding|
So, what do we know about the EA? It trades EUR/USD on the H4 time frame, and it has money-management and broker spy modules. What don’t we know about it? The devs didn’t provide info about Lot Size and account balance match, the minimum, and optimal deposit requirements, optimal risks, trading strategy, available to customize settings. The trading results showed that the account is online for less than two months. So, these trading results aren’t representative. The first review told us about problems with devs and the fact that they didn’t want to solve them.