In this post I will be reviewing the Finwe Forex Robot, Finwe Forex Robot has an interesting name and is a fully automated forex trading system for developed to run in the free to download MetaTrader 4 trading platfrom that is available from nearly all forex brokers worldwide. It is suitable for both novice and advanced traders as it is a fully automated set and forget trading solution. Be sure to check the latest results on my best forex robots results page.
Finwe Forex Robot Trading Strategy
The Finwe Forex Robot trades 2 of the most major currency pairs in the EURUSD & GBPUSD which can be advantageous as these pairs usually will have plenty of liquidity and tight spreads which can lead to smaller trading costs and reliable execution speeds. Like most forex robots, the Finwe Forex Robot is a set and forget automated trading solution that will analyse the markets for you.
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. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Finwe Forex Robot Back Testing
There are no back tests from the MT4 strategy tester included on the Finwe Forex Robot official website. You can of course back test in the MT4 strategy tester should you wish to with the Finwe Forex Robot and have the knowledge to do so. If you do decide to get into back testing, I highly recommend Birts Tick Data Suite (TDS) for the most accurate results possible with real spreads, real tick data and slippage.
Finwe Forex Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Finwe Forex Robot Summary
Overall, there is not much detailed information provided on the Finwe Forex Robot. I would personally look for an alternative forex system. There are full instructions included for a quick and easy setup whatever level of forex trader you are. Full support, free updates and a money back guarantee is included.