In this post I will be reviewing the Forex Atlantian Expert Advisor. This is an automated forex trading strategy that has been programmed to run in the popular forex trading platform, MetaTrader. You can download MetaTrader free of charge from most forex brokers. It is worth mentioning that you will need the desktop version of the MetaTrader platform in order to run forex robots.
You can load the Forex Atlantian EA onto the charts in your platform and it will constantly scan the forex market for trading signals using the built-in algorithm. When the expert advisor determines that there is an opportunity for trade, it can enter the market and manage the position on behalf of the user. Whilst this may seem like an attractive proposition for those who do not have the time or knowledge required to trade manually, there are some key advantages and disadvantages to be aware of.
In this Forex Atlantian EA Review, I will be taking a look at the automated forex trading strategy that it implements, along with any back tests provided by the developer and most importantly, real verified account results. Hopefully, this can help you to decide if this is a forex EA that you would consider using on your own forex account or not.
Forex Atlantian EA Trading Strategy
The Atlantian Expert Advisor is an automated forex robot that works by using a combination of Parabolic SAR and Moving Average indicators to look for trading signals. I think it is always good when a forex robot uses a combination of technical analysis as I feel this can help to filter out some of the bad signals.
However, I think there is room for improvement in terms of the Forex Atlantian strategy because it is not really giving consideration to price action analysis. After all, it is price action which moves the market price. The robot also does not consider fundamental analysis which means there is nothing preventing it from trading around times where there is high marker volatility. This can cause slippage and significant drawdowns if the Forex Atlantian EA was to get caught on the wrong side of a major news release.
The developer states that the Forex Atlantian EA has been developed to trade on any currency pair and XAU/USD. They also mention that you can use it on any chart timeframe. To be honest, I think this can leave too much open to interpretation. That is because results could differ significantly between trading instruments and timeframes. Whilst I do appreciate that it has versatility, it may just end up confusing users who do not really know where to start with it.
On the other hand, for those of you who already have some experience trading with forex robots, the developer has left all of the main settings available as external inputs that you can adjust according to your own preferences. This includes the stop loss, take profit, magic numbers (order ID), trading hours, entry, exit and more.
The Parabolic SAR is a powerful tool that helps to analyse trends. SAR stands for “Stop and Reverse”. It means that the indicator can not only determine a trend but also signal when it’s time to close a trend trade and look in the opposite direction. The indicator was developed by J. Welles Wilder, who is also known for creating such tools as ATR and RSI.
Moving Average (MA) is a trend indicator, which is essentially a curve calculated based on the price changes. As such, the moving average assists traders by confirming the trend. On the chart, this curve mirrors the price direction, but its movements are smoother.
A moving average is calculated by adding the closing prices of a fixed number of bars and then dividing that figure by the number of bars used. As there are a variety of different moving averages the calculations can change.
The most commonly used moving averages are the 20-day, 50-day, 100-day and 200-day moving averages. These are quoted in financial media and represent trends over short-term, medium-term and the long-term.
Forex Atlantian EA Features
- Fully automated forex trading strategy
- Can be used on any financial instrument
- Can be used on any chart timeframe
- Combines technical analysis to determine entry
- Lots of input settings that you can adjust
- Runs in the MetaTrader 4 desktop platform
Forex Atlantian EA Back Testing
When it comes to choosing a forex robot, I like to check to make sure the developer has provided back tests that show how the forex expert advisor may have traded over a good amount of historical data across various currency pairs. This can help us to understand how the automated trading strategy works and performed over different market conditions. Of course, historical performance is by no means any guarantee of future results, but it can be a good way to get a rough idea of what we might expect.
I could not find any Forex Atlantian EA back tests on the website. You will find some developer screenshots showing some trades but there is no way for us to verify these. I really think the developer should provide a variety of back tests across different currency pairs and chart timeframes to help us get a better idea of what to expect. If you would prefer to use a forex robot that has lots of top quality back tests, then you might want to consider the Forex Robotron EA as an alternative option.
Forex Atlantian EA Results
Whilst back tests are useful to some extent, the most important thing to look for in a forex robot in my opinion are real account results. This would enable us to see exactly how the Forex Atlantian Expert Advisor has been performing through recent market conditions. That way you can determine if you are happy with the various statistics such as profit factor, drawdown, average win, average loss, trade duration, trading volume and more. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
If the lack of back tests wasn’t disappointing enough, the developer has not shared any verified Forex Atlantian expert advisor results. We therefore have no idea how the robot has been trading in recent market conditions. It does make me wonder why there have been no results shared, not even demo accounts. If you are looking for a forex robot with real results, you might want to check out the Forex Flex EA instead.
Forex Atlantian EA Summary
Overall, I would probably skip the Forex Atlantian expert advisor. Whilst the trading strategy implemented within the EA does have some sound logic, it is very limited. We also do not have any back tests or real live accounts to see how good or bad the software has been performing.
To use the Forex Atlantian EA, you will need an account with a forex broker. With so many forex brokers to choose from nowadays, it can be had to decide which is the best forex broker for you. From my many years of experience in the forex industry, IC Markets are one of the best forex brokers when it comes to manual and automated trading. This is because they have tight spreads, low commission fees, reliable execution speeds, multiple funding options and excellent 24/7 customer support.
You can find out more about the Forex Atlantian Expert Advisor by visiting the website using the link below. It does come with instructions, full support and free updates.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.