In this post I will be reviewing the Forex Phasr EA. With verified real account gains of almost 15,000% at the time of writing this review (almost 5% gains pr day), this is certainly a forex robot worth checking out. The Forex Phasr EA runs on the MetaTrader 4 trading platform and trades fully automated for you. There is no manual trading required and it can generate substantial trading profits form just a small investment. All you need to do is just simply download Forex Phasr and set it to run on your MetaTrader 4 trading platform and it handles the trading for you – entering and exiting trades. You can even set it to run on a Forex VPS so that you do not always need to have your trading platform running on your own computer or laptop. There is no minimum balance required to start using this forex robot and as always I would recommend using a true ECN forex broker for the best possible trading conditions.
Forex Phasr EA Trading Strategy
The Forex Phasr EA allows you to set the money management to meet your requirements. It allows you to specify the lot sizes/risk to use on each trade which you should adjust according to your initial balance and preferred level of risk. The take profit and stop loss levels can be adjusted manually from the robot inputs but the developer does provide the ideal set files so you do not need to worry about adjusting these unless of course you want to experiment with back testing optimizations and even variable setting forward tests. On average Forex Phasr trades between 1-3 times per day depending on the current market conditions and only if there is a high probability of a winning trade occurring. It combines fundamental and technical analysis along with good money management which makes it an almost complete forex trading strategy – fully automated of course. Economic data such as news releases are taking into consideration and combined with candlestick patterns which help to ensure the strategy is based around price action from the current market conditions. The strategy is overall simple yet very effective. The exact strategy implemented for buy and sell signals is not divulged by the developers although there are real live verified results published on the website that give an accurate overview of its overall performance – which is in fact very good at the time of writing this review.
Forex Phasr EA Back Testing
The developers do not currently have any back testing results on the Forex Phasr EA website but they are not necessarily required due to the fact there are verified real live trading account results published. In saying that, there is a video on the website that shows the robot working it’s magic in the MetaTrader 4 strategy tester which gives you an idea of how the automated trading is conducted.
Forex Phasr EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Phasr EA Summary
Forex Phasr is a very simplistic yet very powerful automated forex trading solution with a proven track record of impressive performance. There are months of consistent gains from a very modest deposit that have grown over time thanks to this robot alone. You can also enjoy the automated profits generated from Forex Phasr with 3 different subscription packages to choose from to suite all different needs. All packages offer unlimited demo accounts, at least 2 live licenses, settings files for the currency pairs it trades on, free updates and lifetime support. Easy to follow instruction manual is provided for a quick and easy setup. Visit the Forex Phasr EA website to find out more and to download your copy whilst it is still available.