In this post I will be reviewing the Wicor Forex EA. Just to clarify for those who may not know, an EA is a short term for expert advisor (EA) which is another term for forex robot. They are the same thing it is just the MetaTrader 4 trading platform that the majority of forex robots are developed to run in refer to forex robots as EA’s. That being said, the Wicor Forex EA does indeed run in MetaTrader 4 and is easy to get setup and running in minutes even for the most beginner of forex traders. You simply download it and attach it to the trading charts and will automatically trade for you. The real live verified results at the moment are very impressive with gains of around 10% per week.
Wicor Forex EA Trading Strategy
The Wicor Forex EA is a fully automated forex trading strategy that requires no input from the user other than setting it up initially. It trades on the EURUSD & GBPUSD major currency pairs which is good because these currency pairs are very liquid which will give you low spreads and less slippage. This helps to save on your trading costs. Also, ensure that you use a true ECN forex broker for the best possible trading conditions. It has a monthly return of over 40% and a profit factor greater than 2. This is with around 100 days of trading history at the time of writing this review so you may want to check back today and see how these real verified results are holding up. The win rate is very impressive at around 75% and the account has more than doubled. The Wicor Forex EA does use a potentially dangerous money management techniques known as martingale so please ensure that you know what this entails before going ahead with it. A martingale money management system will increase lots after a losing trade in order to recover from the loss which can continue increasing the lots in the case of multiple consecutive losses. Some users do not mind this style of trading but please ensure that you use sensible lot sizes if using it to avoid a crash! What it does well is dynamically adjust to ensure that it is up to date with the current market conditions and this ensures that it can trade through both trending and ranging markets with great success.
Wicor Forex EA Back Testing
The Wicor Forex EA website does not have any back tests available however we do have real live verified results so this is not a necessity.
Wicor Forex EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Wicor Forex EA Summary
Overall, the Wicor Forex EA is so far trading very well on a real live verified trading account and I like the fact that it trades 2 of the major currency pairs with such consistency. It does come with detailed instructions for an easy setup, full support, free updates for life and a money back guarantee. Certainly if the results are still good whilst you read this review then it would be worth a try if you dont mind using an automated forex trading strategy that incorporates martingale money management!