FREQUENTLY ASKED QUESTIONS

Can I use the EA on any PC?

Yes, this will be possible. However, an EA cannot work with a broker account on several devices simultaneously.

Will a robot make me rich?

No. An EA is used to improve your trading, not to make huge profits. We concentrate mostly on money management parameters instead of making money indicators. We strongly believe that robots help to improve trading, however robots have flaws too. That is why we at iforexrobot are constantly working on adjusting parameters so that your robot funtions exactly the way you want.

There are many robots out there, why should I use this one?

On the internet you are able to find over 100.000 forex robots or indicators and they all have one thing in common: They will make you rich!!

If it would be so easy we would not exist. Most robots are not updated or don’t even exist anymore. We believe in the combination of robots and human monitoring.

Why don’t I see any back test here?

Because we don’t believe in back testing. 100% of all back tests out there show positive results. In order to identify a good strategy we recommend to try it yourself in real time.

Should I test an EA in a demo or live account?

Best is to test an EA in a live account. Not that there is a difference in a demo or live EA, but it depends on the servers which the broker uses. There can be a slight difference in data feed between a demo and a live server.

I want to use the robot with another broker, is that possible?

No. We have exclusive partnership with our partner brokers for all the important reasons. They are FCA regulated, EA friendly and have very competitive spreads and charge no deposit or withdrawal fees.

How much does it cost?

We charge a 1 pip markup per round turn trade.

Can I adjust the parameters after I went live?

Yes. At any time you can contact our support desk who will help you adjust the parameters. Mostly this is done without additional costs.

Can I run an EA on my Mac

Yes. If your platform runs on a Mac, so does the EA.

Should I leave my computer on when using an autamated trading system?

Yes. When you switch off the computer you also switch off the EA. To prevent this you can choose to use a VPS server. We help you with the installation process.

Can I test an EA in a demo account?

Yes, ‘iforexrobot’ provides an opportunity to test any algorithm as a demo until you are ready to activate the account and trade for real.

Do you offer free VPS service?

If you trade 20 standard lots monthly, our partner broker offers the VPS service for free. In case you trade less our VPS providers will charge you a small monthly fee.

Is there a download installation guide?

Yes. You can download it here

How do I get started?

After signing up on this website, we will open a demo account with our partner broker Formax. They will send you a download link for the Metatrader platform. After you downloaded the platform you will receive a demo account number. After emailing us this number we will send you the EA that you can install on your platform. Our support team is always there to help you.

What is the minimum account size?

This depends on the EAs parameters, but mostly we recommend you to start from $3,000. In case you want to start with a smaller account size we recommend to use one of our indicators.

Can I stop at any time?

Yes, you can switch an EA on or off at any given time. Also during volatile market sessions it can be wise to switch off your EA.