In this post I will be reviewing the oddly named Frarelin Forex Robot. It took me a while to get around to spelling this one correctly! As with most forex robots, the Frarelin Forex Robot is developed to run in the free to download MetaTrader 4 trading platform. It is suitable for any level of forex trader as it is a fully automated trading strategy that is you simply set & forget, allowing it to handle all of the trade entries, management and exits on your behalf. At the time of me writing this Frarelin Forex Robot Review, it has gained over 20% in just a few months with hardly any draw down at all! Of course, make sure you check out its latest real live performance to ensure that it has kept up these good statistics over a more sustained period of time as it is a relatively new comer to the commercial forex robot market.
Frarelin Forex Robot Trading Strategy
The Frarelin Forex Robot trades on 2 of the most major currency pairs in the EURUSD & GBPUSD. What is great about trading these currency pairs is that they have low spreads and plenty of liquidity for execution at the best possible prices. Provided you are using a true ECN forex broker then you will have ideal trading conditions and save on trading costs. The average win is half that of the average loss which may not sound ideal however with a win rate of almost 80%, this can be deemed acceptable. The risk of ruin is almost non-existent and as the Frarelin Forex Robot trades only around 2 times per day you can be assured that it waits for the “ideal” entry point rather than forcing trades. After all, quality over quantity is more favourable of course when talking about trading!
Frarelin Forex Robot Back Testing
There are no back testing results on the Frarelin Forex Robot official website. However, we have real live verified account performance to check how well it is doing and also once you purchase you can back test to your heart’s content, provided you are familiar with back testing using the MetaTrader 4 strategy tester. I would also HIGHLY recommend that if you are indeed back testing, use Birts Tick Data Suite (TDS) for the most accurate back test results possible.
Frarelin Forex Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Frarelin Forex Robot Summary
Overall, despite being a new addition to the forex robot market, the Frarelin Forex Robot has gotten off to a favourable start and should it continue that way for the next few months it could be a dark horse especially considering the low price tag and I also like the fact that it trades the EURUSD & GBPUSD currency pairs. It comes with detailed instructions, full support, licenses, free updates and a money back guarantee so you can even try it completely risk free on a demo trading account to begin with.