In this post I will be reviewing the automated forex trading system EXTRAEDGE FX EA for the MetaTrader 4 trading platform. For those of you who do not know, an EA is another term for an expert advisor which is basically the professional term for a forex robot or automated forex trading system. This is yet another addition to the commercial forex robot market.
EXTRAEDGE FX EA Trading Strategy
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
EXTRAEDGE FX EA Back Testing
There are no back tests on the EXTRAEDGE FX EA official website.
EXTRAEDGE FX EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
EXTRAEDGE FX EA Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support 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.