In this post I will be reviewing the Rocket EA for the MetaTrader 4 trading platform. The Rocket EA is an expert advisor (forex robot) that will automatically enter, manage and exit trades for you so you can earn money for trading completely hands free. You simply set it up in just a few minutes and leave it to do its magic! Just make sure that you run it on a good ECN forex broker and set sensible lot/risk size so that you can manage the drawdowns. The Rocket EA is suitable for beginner traders as it conducts all of the market analysis for you. It is also suitable for the more advanced traders who want to extend their portfolio and thus potentially increase the overall returns of their investment. Month after month the profits on our accounts showed to be as around .5% per day which compounds nicely, adding up to 13% profit per month. The account can grow quick but read on to see why you might want to withdraw your profits sooner rather than later. Also, as I always try to reiterate, make sure you are using a true ECN regulated broker for the best possible trading conditions.
Rocket EA Trading Strategy
Rocket is a fully automated trading strategy designed to deliver high returns but this does mean that it has slightly higher risk than your average forex robot so please be aware of this should you choose to use it. As per the developer, I would also recommend to either withdraw profits on a regular basis or move profits to another trading account (the latter is usually free of charge). This will help prevent you from blowing your account and again I must reiterate this style of trading is NOT for everyone. It is a martingale based system so will increase lots to recover form losses which works well provided there is not a string of consecutive losses which can then lead to a complete meltdown for want of a better term. However, I know some of you like this style of trading and are quite happy to take the extra risk for extra reward so in that case, the Rocket EA is the one for you! The Rocket EA will usually trade at least once per day, and depending on market conditions, it may trade multiple times. It trades on the 5 minute charts and aims to capitalize on swing movements that are established during the Asian trading session. These swings are being traded in both buy and sell directions. Eventual larger swings are successfully traded with an accurate placed basket of trades and a very steady but low and controlled increase in position sizing. The trading account is always protected by an Equity Control mechanism which can be set to your personal risk preferences.
Rocket EA Back Testing
There are no back tests on the Rocket EA official website which again is fine as we have real live verified results to follow. Extra important given the risky nature of this style of money management incorporated into the Rocket EA!
Rocket EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Rocket EA Summary
Overall, the results in just under a year for the Rocket EA are currently showing us 250%+ trading profit which is great but there was also a period during this when it had drawdown almost 50% of the account. Provided you do not mind the risk then the Rocket EA can make decent profits and even more should you go extra aggressive. Just be careful and make sure you know what you are doing. Otherwise, look for a more low risk robot such as Forex Robotron. The Rocket EA comes with full support, instructions and a money back guarantee.