Cairo Review: Can You Trust This Forex Robot?

Cairo 2021 is a robot that can be found on MQL5. The developer provided a presentation to introduce its features in the best possible way. The system looks suspicious because we don’t know details about risk, strategies, indicators, and so on.

Vendor transparency

Ruben Octavio is a developer from Switzerland who has a 4498 rate on MQL5. There are 6 products and no signals in his portfolio. All solutions he offers to the public have a 2.6 rate based on 37 reviews.

How Cairo 2021 works

The presentation includes plenty of information about the system and its possibilities.

• Cairo 2021 is a trading solution that helps us to open and close orders automatically
• It was properly tested before being released on the market.
• The data period was five years.
• The developer claimed that trading is possible on any time frame after proper customizations.
• It doesn’t open trades on the market frequently.
• It tries to close orders on the same day.
• There are no risky strategies applied.
• The suggested broker is VantageFX.
• We can buy both versions of the system: MT4 and MT5.
• It places relevant SL and TP levels for upcoming orders.
• Trading is possible with fixed and dynamic lot sizes.
• There can be several orders placed on the market.
• We can change various settings to configure the system properly.

Timeframe, currency pairs, deposit

• The main time frame is M1.
• We can work with EURUSD.
• There are no deposit requirements mentioned.

Trading approach

• The robot seeks trading setups.
• Then, it calculates entry points, SL and TP levels.
• It closes orders automatically afterwards.
• The developers avoided providing details about trading strategies.

Pricing and refund

The robot is available for $399. We can rent the system for $249 monthly. Also, there’s a demo copy of the system available for testing.

Trading results

We have a backtest report that informs us about parameters. The initial deposit of $500 became $111,029 of the total net profit. The win rate was 99.81% on 539 deals. It worked with huge stop losses.

The profit factor was 203.31. The maximum drawdown was acceptable–0.56%. The recovery factor was 11.33. The robot executed 540 deals with the accuracy rate being 100% for short and 99.67% for long trades.

We just have some screenshots of its previous activities. The system worked on the real account with maximum drawdowns of 48.2% and maximum deposit loads of 81.4%. These numbers were high. The win rate was 92.7%. Its absolute growth was 1.30%.

We may note that the robot traded horrible a year ago in May 2021.

The system consistently reached SL levels.

There were 41 deals performed. The best trade was $4.27 when the worst trade was -$30.35. The recovery factor was 0.02 when the profit factor was 1.01. An average win was $2.56 when an average loss was -$31.96.

People say that Cairo 2021 is…

Bad. The system has received so many negative testimonials from real clients. People couldn’t manage to be profitable with this advisor.

Verdict