In this post I will be reviewing the Fx Voodoo forex robot. As I write this review, Fx Voodoo has been impressively trading for around 6 months on a real trading account without a loss and an average winning trade of almost 100 pips! This is with an acceptable draw down and a total gain of around 6,000%! Fx Voodoo is a fully automated forex trading system developed to run on the free to download Meta Trader 4 trading platform. Apparently, according to the developer this forex robot is the brain child of someone who believes in Voodoo culture, hence the name. Of course, we can take this with a pinch of salt but should also respect others beliefs and judging by the results which at the time of writing this review are fantastic there may well be some magic at work! As with all fully automated forex trading systems, you do not need to lift a finger once you have taken 5 minutes to setup Fx Voodoo on your trading terminal by following the easy to understand instructions included. Thus, this makes it suitable for beginner forex traders.
Fx Voodoo Trading Strategy
The Fx Voodoo forex robot is NFA compliant and can be fully customised for those who like to experiment with EA settings and perhaps even run your own optimizations on any currency pair or timeframe. In saying that, it is also ready to use “as is” straight out of the box with the best default Fx Voodoo settings already provided for you from the developer. There is an option to hedge should your broker allow you to but if not that is no problem as you can set hedging to false at the click of a button without having a detrimental impact on results. Fx Voodoo runs 24 hours day and can be traded on any currency pair although it is strongly recommended to be used on the EURUSD 1 minute timeframe. This is actually ideal as being a major currency pair, the EURUSD will give you low spreads and plenty of liquidity for fast execution at the best possible prices. This will help save on trading costs and can even increase win rate. As I always say, make sure you are using a regulated true ECN forex broker such for the best possible trading conditions. There is no minimum account size required to start using the Fx Voodoo forex robot.
Fx Voodoo Back Testing
The developer has shared a good collection of back tests for the Fx Voodoo robot which show a very impressive performance over the long term. These results have been done on every tick although modelling quality on 1 minute timeframe maxes out at 25% if not using real tick data. In saying that, the real results of Fx Voodoo have so far backed up the back tests.
Fx Voodoo Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Fx Voodoo Summary
Overall, the Fx Voodoo robot is a very impressive automated trading solution provided you use it correctly and of course on an ECN forex broker for the best possible trading conditions. It has the huge potential to make consistent profit with big wins and no losses as proven by the real verified results being shared on the Fx Voodoo website. It is reasonably priced for what it is and comes with full support, free updates, instructions and a money back guarantee. I would recommend giving this one a try even if on a demo account to start with so you can effectively try it out completely risk free. Furthermore, the strategy tester expert among us may be very interested in running a few optimizations of their own using tick data and Birts TDS. This will allow you to validate the Fx Voodoo results further and test other currency pairs and timeframes. Don’t worry if that is not for you, as I said earlier, Fx Voodoo is ready to use straight out of the box!