In this post I will be reviewing the Flywheel Forex EA. This is a fully automated forex trading system developed to run on the MetaTrader 4 trading platform. There is no prior trading experience required to use this forex robot so it is suitable for novice and advanced traders. It includes detailed instructions for a quick and easy 5 minute setup. Once it is setup, you just sit back and let the Flywheel Forex EA generate profits on your trading account – there is no manual intervention required as with most forex robots.
Flywheel Forex EA Trading Strategy
The Flywheel Forex EA has a unique money management system that protects all profit made to prevent losing trades eating into gains. There is no minimum account size to start making the reliable and very good profits that this forex robot is capable of. The developers can give you the ideal parameters depending on your account balance/type and trading style (conservative, normal or aggressive). It trades 6 of the major currency pairs: EURUSD, GBPUSD, AUDUSD, USDCAD, USDCHF and USDJPY. That is a fantastic selection of currency pairs to trade as they all have low spreads and plenty of liquidity for good movements and fast execution. Just ensure as with any forex trading system that you are using a true ECN forex broker for the best possible trading conditions. You can choose to trade all pairs to diversify your portfolio and spread your risk or if you prefer, you can trade your preferred pair(s). Settings are slightly different for each pair which is completely normal as they have different behaviours. A key thing is that the Flywheel Forex EA can adjust each pair to suite current market conditions so it is always up to date and not lagging.
Flywheel Forex EA Back Testing
There are no back tests on the Flywheel Forex EA website but we do not necessarily need them as we have months of data from real account showing excellent performance with gains of almost 100% in just a few months (around 1% per day) at the time of writing this review.
Flywheel Forex EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Flywheel Forex EA Summary
Overall, Flywheel Forex EA is a very stable and consistent forex robot judging by its recent performance. It makes good gains without crazy risk. If you are looking for an automated forex trading system you could do a lot worse than this. The support team are great. They are very helpful and quick to respond. It includes licenses, lifetime support, lifetime updates and a no questions asked 30 day money back guarantee.