In this post I will be reviewing the Claudius Forex EA. This is a fully automated forex trading system developed to run on the free to download MetaTrader 4 trading platform. Claudius Forex EA is very simple to use, you can follow the provided instruction manual and have it up and running on your demo or live account in around 5 minutes. From then on it will handle all the trading for you making it a set and forget trading solution as with most forex robots.
Claudius Forex EA Trading Strategy
The developer claims that over 12,000+ hours has gone into making this a profitable forex robot and I can certainly understand that having spent endless hours coding myself. Whatever the results, we must appreciate and respect when extremely hard work is genuinely put into trying to develop a successful automated trading system.
Claudius Forex EA trades on the EURUSD and GBPUSD which are major currency pairs for trading and can have low spreads along with fast execution due to there being plenty of liquidity on the majors. I would use a true ECN forex broker for tight spreads and reliable execution speeds.
The Claudius Forex EA takes short term trades. It includes multiple different forex trading strategies in the one forex robot. The trading logic is dynamic meaning that it can adjust to varying market conditions and trade accordingly. The money management is also dynamic and there is a medium to high frequency of trading volume. It includes additional useful filters such as maximum spread/slippage and a profit protection system.
Claudius Forex EA Back Testing
There are no back tests published by the developer on the Claudius Forex EA website currently. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Claudius Forex EA Live Results
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Claudius Forex EA Summary
Overall, I would personally avoid using this particular forex robot. I find that it is too risky for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.