In this post I will be reviewing the Manhattan FX forex robot. The name probably came about due to Wall Street being located in the financial district of Lower Manhattan so let’s take a closer look and see if it performs like a pro trader on Wall Street! As with all forex robots it is a 100% fully automated trading system so you can set it up in just 5 minutes and forgot about it, checking back now and then to analysis the trading performance. The instruction manual is easy to understand so it is suitable for beginners.
Manhattan FX Trading Strategy
The developers have come up with an algorithm which they optimized using accurate historical data to duplicate real market conditions to create a unique automated trading system for the EURUSD and GBPUSD currency pairs. These are two of the most popular traded pairs on the forex market which ensures that the Manhattan FX forex robot runs on pairs with low spreads and plenty of liquidity for fast execution. There is a built in news filter to avoid trading around the news which can have a negative impact on trading.
Manhattan FX Back Testing
There are impressive back tests published on the website showing huge profits in simulated test conditions with low draw downs. These back tests used tick data for 99% modelling quality which means accurate test results.
Manhattan FX Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Manhattan FX Summary
Overall this is a good choice for those looking to shoot for big profits in a short space of time. It makes crazy gains on demo accounts and provided you use a good ECN broker I don’t see any reason as to why it would not on a live account.