Ramo Bomb is a forex robot whose developer claims uses a smart algorithm. The only way to buy the program is via the MQL5 platform. From what we have gathered, the robot is built without the utilization of martingale. There are no dangerous strategies, such as hedging, as the developer claims to provide low-risk trading. It begs the question of whether this is a real robot or another bot scam. The only way to find out is to read this detailed RamoBomb review.
About Ramo Bomb
As we have stated, the robot claims to provide long term trading opportunity. An Iranian is behind this platform with no history or trading background. Two guys claim to come up with the platform, and there are other products under this line. Some of the robots under the Ramo brand include Ramo Golden Saturation, Ramo Scalp Hunter, and Sexy EA. There have been mainly positive reviews under these other lines. When it comes to the main robot under scrutiny, there is no much to go on. It seems the community has not yet welcomed the new brand.
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With the above robot failing to have their website, a lot leaves to be desired. The developer is not keen on improving service delivery and opts to use the MQL5 platform. Those who choose to use the platform are new developers who use it for the sales pitch. According to newbie developers, the platform gives the idea of a real trading platform. It may not be the case as some robots don’t work even under the MQL5 platform. And this is why investors have to be extra careful with these robots.
Assets covered by the robot
Information on the assets covered by the robot is missing. It is one of the tell-signs that we are dealing with rogue trading platforms. It would be best if we could have information on the assets covered. Users would immediately know the currency pairs available on the platform. Without this vital information, it seems we are dealing with an unknown product. It would be ideal to know whether the robot works with exotic, major, or minor currencies. Without privy to this crucial information, we are left with the unknown.
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Mohammed Hashemi and Ramin Najafi are the two developers who claim to use this platform. Users should note that the two are mere names with no images or videos. And this is another area where developers need to work on. Every developer should have their background available for all to see. It helps determine the transparency and level of expertise they have. All we have are two names with no idea of whether the two exist. It is another case of anonymity that does not go well with a product. With anonymity come a lot of questions than answers.
We could not verify whether the positive comments were from real users. After trying to contact them for weeks, we still haven’t received any feedback. Most of the comments are positive and hailing the outcome of using this platform. It would be prudent of the clients to leave visible data of the platform’s capabilities. Even the developers don’t have any verified data that the platform works. It is why we are still unable to trust the comments as they could be paid comments.
One interesting feature with the robot is that they do provide a demo account. A genuine developer will give a demo account for users to test it out. Most of what we saw with the demo account is also available on real accounts. We do still have our concerns with the results of the demo account. It seems the demo account is producing a high accuracy level that is beyond ordinary. With the demo account having 96 percent accuracy, we highly doubt its efficiency. A demo account should provide real and projected results that are within the scope of the market.
Features of Ramo Bomb
It is a robot with price action and uses an M15 timeframe. Stop loss and Trailing stop are available on the robot as well as demo testing. The only indicated currency pair is EURUSD, which points out to the intended market audience. There’s a projected annual profit of 90 percent and a projected max DD of 10 percent. When it comes to income and drawdown, we reserve our comments. The developer is using these numbers to gain some new users. There are no actual results to prove the data provided.
License and registration of Ramo Bomb
Ramo Bomb is ideally a robot that has no license to operate in any jurisdiction. The developers have not issued any warnings on their disclaimer in regards to a working permit. And this leaves users at a disadvantage as there is no security of funds. Such robots can shut down immediately even after one makes a purchase. Users are unlikely to get their money back as the platform does not insure deposits made. It is another reason why we won’t be recommending the use of this unregulated robot.
The developer should be clear with their license status. Even without a license, the developer should make it clear to users. It means that the vendor is likely to shut down in the event things go south. We have seen it happen many times before with robots whose developers remain anonymous. Remember that we only have their names and no faces to match the names. The developers are not on any social media platform, which is another flaw. A licensed platform is safer as the regulator ensures the security of funds is in place.
Pros and cons of Ramo Bomb
Ramo Bomb is furnishing users with an ECN account type. The leverage is set at 1:500, which is not favorable to newbies. One needs a VPS to maintain an internet connection with the robot, which is another added expenditure. There are no reliable results apart from the 100 percent backtest they post. Users can get low spreads of less than ten and stop level for EURUSD for less than 10. The developer has stated that the minimum deposit is $100, which is fair. We believe the user has used the low depository amount to pool in newbie investors.
Contact and support
For those who sign up, the problem will be trying to reach the developer or support team. Unless you leave a message through their MQL5 platform, there is no other communication channel. With the MQL5 message board, we have seen that the developer can reply within three weeks. It is not a commendable way to communicate with your users. The developer should have listed their phone number or email address for fast communication. Without these vital communication lines, users don’t have direct access to the vendor.
Results and trading performance of Ramo Bomb
The developer has used the MQL5 trading signal section to illustrate their progress. Vendors should use FX Blue or myfxbook for a more reliable way of proving trading results. We don’t have any issues when it comes to their trading results. The account shows a 24 percent gain in a month, which is fair. It would be ideal if these results could be verified by an independent third party. For all we know, these could be projected results or the performance of another robot. There is no sure way to tell.
Scam or Legit Ramo Bomb
Ramo Bomb is a trading system that shows a lot of promise. The only problem is that there are no actual results to show. From our point of view, we are not yet convinced about their trading prowess. Once they offer more transparency, we will change our stand.
We won’t be recommending a platform that has no trading results.
Investors should instead use reliable forex trading robots with proven accuracy. What are you waiting for? Sign up with the best forex trading robots backed by the trading community.
Our entire team wishes everyone a happy and prosperous trading experience.
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