In this post I will be reviewing the Directional Forex Robot that has been developed by the team at Forex Robot Traders and runs in the free to download and very popular MetaTrader 4 (MT4) trading platform that is available by most of the best forex brokers across the world.
The Directional Forex Robot is a fully automated trading system that will do all of your trading for you, of course you should use a sensible lot sizes that you are content with and do not over leverage your account to avoid a margin call or stop out.
For best results with the Directional Forex Robot, I would personally use a true ECN forex broker which can help lower trade costs and give good bid and ask prices with the vast amount of liquidity providers (LP’s) that they have.
As with any forex trading system, the Directional Forex Robot will perform best with low spreads, low slippage and low commissions.
The Directional Forex Robot is suitable for any level of trader from beginners to the more advanced with easy to follow setup instructions provided by the developers.
The Directional Forex Robot is another from the same Forex Robot Traders group that have other forex robots which I have reviewed including the Vader Forex Robot, Odin Forex Robot, Ganon Forex Robot, Reaper Forex Robot, Falcor Forex Robot, Pterodactyl Forex Robot, HAS MTF Forex Robot, Hedge Forex Robot, Volatility Forex Robot and WaveRunner Forex Robot.
You are probably asking yourself why would they be selling so many forex robots if they all worked as good as they claimed they do. Well, perhaps the lack of verified results across all of the trading robots they sell can help to answer your question. That being said, in this Directional Forex Robot review, I will be taking an impartial look at this particular trading robot. We will cover the trading strategy implemented, any backtests available and most importantly, real results.
Directional Forex Robot Trading Strategy
The Directional Forex Robot looks to catch trends fully automated across multiple currency pairs and time frames.
You can use on any forex currency pair that you wish, I personally like to trade the EURSUD & GBPUSD currency pairs at an ECN forex broker as this can help save my trading costs over the long term.
The Directional Forex Robot waits for trends to develop on multiple time frames before getting in the market. It will look to place trades in the direction of the underlying trends and try to ride them until it anticipates that the trends will begin to reverse.
The Directional Forex Robot also incorporates countertrend technology, which means that it also looks to buy on dips and sell on rallies. In other words, this means that it buys low and sells high.
This combination of trend and counter trend strategies can somewhat help the Directional Forex Robot to adjust to the current market conditions whatever they may be.
The developer has made all of the Directional Forex Robot settings externally available which means that you can adjust them via the inputs window when you attach this robot to the charts in your trading platform. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
Directional Forex Robot Back Testing
There are not any back tests shared by the Forex Robot Traders team on the official Directional Forex Robot website. I would personally use Birts Tick Data Suite (Birts TDS) to back test the Directional Forex Robot with 99% modelling quality using real tick data, real spreads, real commissions and real slippage. This would also help to decide the best currency pairs and time frames to run it on. This could also have given an idea of the historical performance but of course would be no guarantee of future performance.
Without any backtest results, we cannot get an idea of how the Directional Forex Robot may have performed based on historical data which is disappointing. I am also concerned to why the developer has not bothered sharing any backtests as I think this is a vital aspect for a trader to consider when choosing any forex robot. Most of the top forex robots nowadays have 99% modelling quality tests, including the Forex Robotron EA.
Directional Forex Robot Live Results
If the lack of top quality backtests wasn’t bad enough, the developer isn’t even sharing any real live verified accounts of the Directional Forex Robot. Without them, we don’t have any idea of how good or bad this forex robot has been performing in the current market conditions which are constantly evolving. For this reason alone, I would consider looking at another trading robot such as the Forex Flex EA. They have 99% modelling quality backtests that are also backed up by verified results. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Directional Forex Robot Summary
Overall, the Directional Forex Robot is a combination of trading strategies in one fully automated forex trading solution although I would like to see the results the Forex Robot Traders team share on their website verified by Myfxbook or FX Blue for added peace of mind. Without any backtests or verified account to analyse, we have no way of backing up the claims made by the developer.
I would also be using the Directional Forex Robot on a MT4 demo account to begin with in order to become familiar with how it trades.
I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. Please feel free to browse my forex robot reviews for some alternative options.
The Directional Forex Robot comes with instructions, support, updates 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.
Directional Forex Robot
$49
Pros
- MetaTrader 4
- Multiple Currency Pairs
- Multiple Time Frames
- Fully Automated Forex System
- Trend & Counter-Trend Strategy
- Customisable Settings
- Detailed Instructions
- Full Support
- Free Updates
- Money Back Guarantee
Cons
- MetaTrader 4 Only
- No Backtests
- No Verified Results
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
