The Risks of Using Eaconomy’s Latest Trading Robot: Xenai
Eaconomy, a leading provider of trading robots, recently launched its second trading robot, Xenai. The new robot is supposed to make the trading of currencies and assets easier and more profitable. With the help of simple programming, Xenai is supposed to make informed decisions. Unlike Aithena, Eaconomy’s first trading robot, Xenai has been designed to be more conservative in its approach, allowing users to minimize their risk while still maximizing their profits.
But is it trustworthy? Let’s find out!
Table of Contents
Why Eaconomys Xenai trading robot exists
The only reason Xenai trading robot exist is because the first robot Eaconomy released failed. This caused a lot of damaged to the users economy since most of them lost almost all of their money. Because of this the company chose to release another robot under another name so they can continue with their business as usual.
The launch of Eaconomy’s second robot, Xenai, has been met with disappointment as it continues to fail to meet the promises made by its creators. After the disastrous performance of Aithena, Eaconomy’s first trading robot, investors are understandably wary to put faith into the new offering.
Aithena’s Troubling History
Eaconomy’s first trading robot, Aithena, was initially hailed as a revolutionary trading system that would revolutionize the way people trade. However, Aithena’s performance began to falter and it eventually lost over 90% of its value. This was a huge blow for Eaconomy and for the trust of its investors.
Since December 2022, the Aithena trading robot has been plagued with difficulties. It has been demonstrated to lack the necessary flexibility to adjust to the ever-changing market conditions. Consequently, the majority of its profits from the previous year have been wiped out. To try and make up for the losses, the robot employed a defensive risk management strategy, though this ultimately failed, leading to large losses for many of its users.
The difference between Aithena and Xenai
The following table provides an overview of the differences between Aithena and Xenai trading robots, both of which are created by Eaconomy and programmed in MQL4.
|Aithena Trading Robot||Xenai Trading Robot|
|Programmed in MQL4||Programmed in MQL4|
|Created by Eaconomy||Created by Eaconomy|
|Monthly Cost||Monthly Cost|
|Trades on multiple time frames||Trades on multiple time frames|
|Can be used with any broker||Can be used with any broker|
Xenai, Eaconomy’s second robot, was designed to be a more sophisticated and reliable system. Unfortunately, it has failed to live up to expectations. The robot has been plagued by technical issues, including a lack of accuracy in its predictions and frequent glitches. This has resulted in a number of losses for investors who have put their money into the robot.
Why You Should Be Careful With Xenai
Given the disappointing performance of Aithena and the ongoing issues with Xenai, it is clear that investors should be cautious when considering whether to invest in Eaconomy’s trading robots. While the company has made promises of improved performance and accuracy, the track record of its robots does not suggest that these promises are likely to be fulfilled.
In addition, it is important to remember that trading robots are not foolproof. They are subject to the same market forces as any other form of trading, and can be just as susceptible to losses. Before committing any money to a trading robot, it is important to do your research and understand the risks involved.
Fake Xenai Track Record on MyFXBook
Eaconomy are known to be faking their track record on MyFXBook by creating multiple robots under the name “xenai”. This way they can keep track of their successful trades while simultaneously deleting the ones that lost them money. It allows them to present a false impression of perfect trading performance that may be misleading to potential buyers. Furthermore, this practice is not only deceptive but also illegal, and buyers should be wary of any trading robots that appear to have a perfect track record.
By doing a simple Google search of “xenai myfxbook” we could easily find the faked track records beeing deleted because of failure:
Frequently Asked Questions – FAQ
What is Xenai?
Xenai is Eaconomy’s second trading robot which is designed to make trading of currencies and assets easier and more profitable. With the help of simple programming, Xenai is supposed to make informed decisions.
What is the difference between Aithena and Xenai?
Aithena and Xenai are both created by Eaconomy and programmed in MQL4. However, Xenai is designed to be more conservative in its approach.
What has been the performance of Xenai?
Unfortunately, Xenai has failed to live up to expectations. The robot has been plagued by technical issues, including a lack of accuracy in its predictions and frequent glitches, resulting in a number of losses for investors.
Why should investors be careful when considering investing in Eaconomy’s trading robots?
Investors should be cautious when considering investing in Eaconomy’s trading robots due to the disappointing performance of Aithena and the ongoing issues with Xenai. Trading robots are not foolproof and can be just as susceptible to losses. Before committing any money to a trading robot, it is important to do your research and understand the risks involved.