In this post I will be reviewing the Augur Forex Robot which is a fully automated forex trading system that has been developed to run in the MetaTrader 4 (MT4) trading platform. As with most forex robots, Augur Forex is a fully automated trading system that you simply setup using the provided instructions and allow it to place, manage and close trades for you. Just set a lot size that you feel happy with and check back to see its performance. You may also want to run Augur Forex on a demo forex trading account to begin with to test it’s performance although demo account feeds can differ from real account feeds with differentiating liquidity, spreads and execution. For the best possible trading conditions and lower trading costs, I would personally use an ECN forex broker.
Augur Forex Trading Strategy
As previously mentioned, Augur Forex is a forex robot that requires minimal user intervention and thus is suitable for both beginner and advanced forex traders alike. Augur Forex trades on multiple currency pairs, these being the AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF. These currency pairs are widely considered major pairs and thus usually have plenty of liquidity for good spreads and execution speeds, especially with an ECN forex broker. That being said, the most recommended currency pair by the developer is the EURUSD. You may choose to trade one or all pairs, just make sure that you spread your risk accordingly.
The Augur Forex developer claims that the Augur Forex robot automatically optimizes its trading logic which helps it to try and adapt to any market condition. Augur Forex combines 15 technical indicators to search for trading signals and will hedge to cover bad trades. I am not a huge fan of hedging simply because I believe that it can “hide” bad losing trades that will eventually be costly.
Augur Forex Back Testing
There are no back tests on the Augur Forex robot official website. If we were to be provided with back tests from the MT4 strategy tester, I would like to see them conducted with Birts Tick Data Suite (TDS) using 99.9% modelling quality – thus real tick data, real spreads, real commissions and real slippage.
Augur Forex Verified Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Augur Forex Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.