In this post I will be reviewing the Esox Pattern Forex EA. It is a fully automated forex trading system developed to run on the popular MetaTrader 4 trading platform. To use a forex robot on MetaTrader 4 you do not need any previous trading experience and the Esox Pattern Forex EA includes detailed setup instructions for you to get started in around 5 minutes.
Esox Pattern Forex EA Trading Strategy
Esox Pattern Forex EA trades on the AUDUSD, EURUSD, GBPUSD, USDCAD and USDCHF. These are considered “major” currency pairs so usually have reasonable liquidity for favourable execution and low spreads. This can save on trading costs in the long term. I would want to use an ECN forex broker with any forex trading system.
As with all automated forex trading systems, the Esox Pattern Forex EA will automatically place and manage your trades for you. It tries to avoid times when the market is ranging. It does not rely solely on historical data (we know that history does not necessarily always show where the future will be) but instead incorporates a unique “algorithmic heuristic engine”. Usefully, the Esox Pattern Forex EA displays current trading progress on your charts in a user friendly thus easy to interpret diagram.
Esox Pattern Forex EA Back Testing
There are currently no back tests on the Esox Pattern Forex EA website.
Esox Pattern Forex EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Esox Pattern Forex EA Summary
Overall, the Esox Pattern Forex EA is another addition to the commercial robot market with some unique features that help it to stand out from the crowd. As with all forex robots it is very easy to get started: Download, install on MetaTrader 4 and it can trade forex for you. It comes with a money back guarantee, full support and lifetime updates.