Welcome to my Channel Trader Pro Forex Robot review. Over 2,000% profit on real live accounts verified by MyFxBook is a great place to start my review! The performance at the time of writing this Channel Trader Pro review has shown a huge increase taking a $4,950 deposit to over $130,000 with REAL money. Although it must be said the trading may have stagnated recently but it is still positively in the green and should pick up again soon going by its trading history. It shows that this forex robot can survive rough market conditions and still be profitable with the account fully intact and still with average monthly gains of around 14%. The Channel Trader Pro website shows verified results of one account in particular with a $4,950 deposit generating $130,000 in just one year. Now those are impressive results, especially when you consider this was achieved without needing to trade large lot sizes and in such a short time. Although as I said, things have slowed down recently but it has still done excellent overall and it will be interesting to see how it picks up.
Channel Trader Pro Trading Strategy
Channel Trader Pro is a fully automated forex robot that incorporates a combination of unique forex trading strategies to produce very impressive result that show with lots of profit and relatively low risk on the account. Channel trader Pro focuses on 3 pairs that have a recurring pattern and takes advantage of them – coincidentally I have previously noticed such recurring patterns and coded ideas around them myself! Looking at how it places entries, takes its exits I can say that it is using a good combination of oscillators and trend indicators across multiple time frames. Forex traders often overlook the importance of multi time frame analysis but it is very important because what may look like a pullback during a downtrend on a shorter time frame such as the 5 minute may actually be occurring during a strong uptrend on a higher time frame such as the 4 hour. Further emphasis is put on strict and safe money management principles to keep your account safe and ensure your equity continues to grow at a steady but satisfying pace. The risk to reward ratio is good so you do not have to worry about 1 losing trade eating into all of your trading profits. It is not a scalper but still manages to average 200-300 trades per year which keeps things interesting and brings in the profits.
Channel Trader Pro Back Testing
The developer has not included any back tests on the website which is probably due to the fact that there are live verified results being published which are more reliable and the preferred way to analyse a forex robots performance.
Channel Trader Pro Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Channel Trader Pro Summary
Factors such as discipline, emotions, money management and greed cause many aspiring forex traders to fail but Channel Trader Pro does all the hard work for you so you do not let these factors come between you and the profits this forex robot can generate. Channel Trader Pro includes a license, instruction manual, life time updates and dedicated support. A great addition to every forex traders arsenal provided you are using a regulated ECN broker which in all honesty, every trader should be! After all, you want the most competitive low spreads, instant execution and as many reliable liquidity providers as possible. Visit the Channel Trader Pro website for more results and information.