Forex Armor Review

In this post I will be reviewing the Forex Armor forex robot. Forex Armor is another fully automated forex trading system that runs in the popular and widely used forex trading platform MetaTrader 4 (MT4). MT4 is free to download and setup a demo account with nearly all forex brokers worldwide. The Forex Armor developer claims to have been developing forex robots since 2005 which would suggest that they have plenty of experience in doing so!

Forex Armor

$997
4.5

Functionality

3.5/10

Usability

5.0/10

Versatility

5.0/10

Features

  • MetaTrader 4
  • Fully Automated
  • Multiple Currency Pairs
  • Multiple Timeframes
  • Detailed Instructions
  • Free Updates
  • Full Support
  • Money Back Guarantee

Forex Armor Trading Strategy

The Forex Armor implements a strategy combining the Double OsMA and price action based signal with Zero-Martingale Averaging. It runs on the higher time frames from h1 and above whilst the recommended currency pairs to trade on by the developer are the EURUSD, GBPUSD and GBPJPY. However, the FX Blue account running Forex Armor is only trading on the EURUSD currency pair. This pair usually has plenty of liquidity the majority of the time and thus with a good ECN forex broker I would expect low spreads, low slippage and lower commissions.

Forex Armor Back Testing

There are back tests on the Forex Armor official website although not for all pairs and not with 99.9% modelling quality which I would much prefer for accurate results. I would like to have seen the Forex Armor developer conduct the back tests in the MT4 strategy tester using Birts Tick Data Suite for more accurate historical testing conditions.

Forex Armor Review
Forex Armor Review

Forex Armor Live Results

To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

Forex Armor 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.

Forex Armor

$997
4.5

Functionality

3.5/10

Usability

5.0/10

Versatility

5.0/10

Features

  • MetaTrader 4
  • Fully Automated
  • Multiple Currency Pairs
  • Multiple Timeframes
  • Detailed Instructions
  • Free Updates
  • Full Support
  • Money Back Guarantee