FX Oxygen Review: Things to Consider Before Investing

FX Oxygen

FX Oxygen is a Forex expert advisor that promises a stable monthly profit of 20%. According to the vendor, it remains active 24/7 earning money on the trader’s account. There is virtually no information available on the developer team and its background. We don’t know when the parent company was founded or when this robot was launched. It is unknown whether they have built other automated systems in the past. 

The highlights of FX Oxygen

Here are the main features of this Forex robot:

Stable 20% of monthly profit

The vendor promises a high monthly profit rate for this robot. However, upon checking the live trading statistics, we can see that this is a false claim.

Two trading modes

FX Oxygen has two different trading modes, namely Reliable and Highly Profitable. The vendor has not explained either of them in detail, but it is safe to assume that it has something to do with the risk setting and lot size.

Free lifetime updates 

Once you purchase the robot, you are eligible to receive all future updates for this system. You don’t need to pay any extra money for this.  

Trading strategy of FX Oxygen 

Unfortunately, there is no information available on the trading strategy used by this expert advisor. We don’t know how it identifies profitable trading opportunities or whether it takes the help of technical indicators. The vendor has not shared any information related to lot size, trade holding time, or frequency.

Backtesting reports 

Backtesting results of EUR/USD
Backtesting results of EUR/USD

This backtest was carried out from January 2006 to July 2015 for the EUR/USD pair. FX Oxygen started with an initial deposit of $10,000 and conducted a total of 1425 trades. It won 51.23% of these trades, thus generating a profit of $147668.38. The number of maximum consecutive wins was ten while that of maximum consecutive losses was six. We can tell that the robot was following a risky strategy since it had a high drawdown of 30.79%. 

Trading results in real time 

Growth chart of FX Oxygen
Growth chart of FX Oxygen

Since December 11, 2018, the EA has conducted 504 trades through this account. It currently has a moderate win rate of 50% and a profit factor of 1.05. This is only slightly higher than the profitability for the backtest. To date, the robot has generated a total profit of $2,771.86 through this account. The daily and monthly win rates for the account are 0.01% and 0.28%, respectively. 

Compared to the backtest, the drawdown is a little higher at 34.81%. A robot trading with such a high drawdown is bound to carry a high risk of ruin. 

Drawdown chart of FX Oxygen
Drawdown chart of FX Oxygen

From the drawdown chart, you can see how the drawdown for the account drastically shot up towards the end of September 2021. It still remains quite high.

Trading results of FX Oxygen
Trading results of FX Oxygen

As we suspected, the EA suffers consecutive losses quite frequently. When it trades with a lot size of 0.10 it generates very small profits. For generating higher profits, it must increase the lot size to 0.20-0.40. It usually holds the trades for a few hours and sometimes for several days. The average win and loss for this account are 68.15 pips/$247.89 and -62.32 pips/-$233.07, respectively.

FX Oxygen price 

The current price of this expert advisor is $210. This is the discounted price, with the original price being $295. Purchasing this package gives you a single lifetime license. The vendor also offers a detailed user manual and a 30-day money-back guarantee.

Customer support 

There is a support team for this robot that assists users round the clock. However, the vendor has not shared any contact information and the website does not have a live chat feature. So the only way to get in touch with the support team is the contact form. 

Are traders happy with FX Oxygen?

Trading account of FX Oxygen on FPA
Trading account of FX Oxygen on FPA

There are no user reviews for this expert advisor on third-party websites. On FPA, there is a discontinued account with a weekly profit/loss of -45.19%. 

FX Oxygen

FX Oxygen
3 5 0 1
FX Oxygen is an expert advisor that trades with a high level of risk. As of late, it has increased the trading risk, suffering heavy losses as a result. We don’t have any information on the parent company and we don’t know what kind of strategy this robot uses.
FX Oxygen is an expert advisor that trades with a high level of risk. As of late, it has increased the trading risk, suffering heavy losses as a result. We don’t have any information on the parent company and we don’t know what kind of strategy this robot uses.
3/5
Total Score
  • Functionality
    3/5 Neutral
  • Trading Strategy
    3/5 Neutral
  • Live Results
    3/5 Neutral
  • Customer Support
    2/5 Bad
  • User Reviews
    2/5 Bad

Advantages

  • Verified trading results
  • Money-back guarantee

Disadvantages

  • High drawdown
  • Lack of strategy insight
  • No customer reviews
Total
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