In this post I will be reviewing the TSFX forex robot. The first thing I will point out and make clear from the start is that this is a forex robot that uses a martingale based money management system. Now this is not a style for everyone but it can be very lucrative when done correctly. Martingale systems will basically increase the trade position size (lots) if there is a loss in order to recover the loss and make profit. Of course, when there is a sequence of losses this can get real risky. HOWEVER, some traders are aware of the risks of martingale trading systems and are happy to trade with them. Keep in mind you can use very small lot sizes which is advised if you do take the martingale plunge! This makes drawdown much more manageable as shown by the published results. Other than that, TSFX is a forex robot for the free to download MetaTrader 4 trading platform and is doing well on real accounts at the time of writing this review.
TSFX Robot Strategy
TSFX uses a mathematical algorithm of two martingale money management systems in one, based on closing open orders from the account balance. The group of developers of this strategy integrated the most appropriate algorithm for a painless exit without any drawdown – of course this is not always the case but that was the aim. Internal martingale works to maximize profits, depending on the percentage of the risk taken, while external martingale balances and limits internal one from large internal drawdowns and opening of branches of large orders. What this basically means is that the TSFX forex robot will try to make up for the fact that it uses a martingale system by using another martingale system. Again, not a style for everyone but when it works it works very well! So far the real live verified trading account on both myfxbook and FxBlue are both doing very well, with results of over 1 year showing no signs of blowing up the account at the time of writing this review. It trades the USDJPY currency pair which can be considered a major forex currency cross which means plenty of liquidity and good spreads.
TSFX Robot Back Testing
There are no back tests being shared by the developer but we do have live results from multiple different accounts to analyse.
TSFX Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
TSFX Robot Summary
As mentioned numerous times in this review, TSFX is a martingale money management system forex robot. Now, if you do not know what this means or the risk that it entails then my honest advice would be to look elsewhere for another low risk and highly profitable forex robot such as Forex Robotron. However, if you are familiar with martingale systems and have the funds to be able to trade one relaxed then the TSFX robot will certainly appeal to you. Perhaps check out the latest results as you read this review to see if the accounts trading TSFX are still intact. Furthermore, TSFX does come with a trial, detailed instructions, full support and a money back guarantee.