In this post I will be reviewing the Cabex Expert Advisor. This is a 100% fully automated forex trading system that runs on the free MetaTrader 4 trading platform. Expert Advisor is the name MetaTrader uses for forex robots – they are effectively the same thing. This forex robot is suitable for any forex trader regardless of your trading experience. It is a set and forget automated system with instruction manual included for a quick 5 minute setup.
Cabex Expert Advisor Strategy
The Cabex Expert Advisor system works by analysing price action around moving averages so it can try to spot strong trend and potential reversals. The Cabex Expert Advisor trades on the GBPUSD currency pair. It does not use any dangerous martingale, hedging or grid based strategies. Trades are managed dynamically in real time depending on price action so it tries to keep up to date with the current market conditions.
Cabex Expert Advisor Back Testing
The Cabex Expert Advisor back tests on the website used Dukascopy tick data for testing results all the way back to 2007. It is not clear if they used real variable spreads, swaps, slippage and commissions in testing. These factors can have a major impact on results.
Cabex Expert Advisor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Cabex Expert Advisor Summary
Overall this is forex robot that can be used on any MetaTrader 4 broker and includes free updates and support as well as detailed instruction guide. There is a lot more information on the Cabex Expert Advisor website that describes the system in more detail with screenshots.