In this post I will be reviewing the Einstein Trader forex robot. It trades on 2 of the most major currency pairs the EURUSD & GBPUSD which will tend to have plenty of liquidity and tight spreads, especially on an ECN forex broker. As with most forex robots, the Einstein Trader robot runs in the free to download MetaTrader 4 trading platform.
Einstein Trader Trading Strategy
The Einstein Trader forex robot trades almost every day which gives a good frequency of trades for you traders who like a lot of action.
The developers claim that there is a special unique formula behind the strategy which they dub the “Einstein Formula”. This is another fancy name for using a combination of indicators and price analysis to determine entry and exit prices. It trades on the 1 minute charts with some safety filters built in.
The Einstein Trader was originally a manual forex trading system. Some manual system creators will not release automated version which can be due to the fact they know they do not work long term but then again it can also be due to the fact a forex robot can sometime miss that “human element” that some traders prefer provided that they have the time and knowledge to trade manually.
Einstein Trader Back Testing
There are back tests on the Einstein Trader website covering almost 5 years with modelling quality at 99% so the best possible back testing conditions. 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.
Einstein Trader Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Einstein Trader Summary
Overall, the Einstein Trader developers have clearly put a lot of time and effort into the Einstein Trader. If is a high frequency forex robot that trades the major currency pairs. It is suitable for any level of trader and includes detailed instructions so even the most novice of traders can be setup and running with the Einstein Trader in just 5 minutes. It also comes with full dedicated support, free updates and a 60 day money back guarantee.