In this post I will be reviewing the Forex Auto Millions forex robot. It trades on the EURUSD which can have some of the lowest spreads and quick execution speeds as it is considered a major forex pair and thus usually has plenty of liquidity.
Forex Auto Millions comes with a detailed instruction manual containing screenshots to help you get setup very fast and easily, there are default settings provided although you can adjust the lot size or fixed risk to a suitable amount. It is a forex robot (expert advisor) for the MetaTrader 4 trading platform.
In order to use this forex robot, you will need a trading account with a forex broker. 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.
Forex Auto Millions Trading Strategy
Forex Auto Millions trades short only and at specific times (GMT) during the day provided the entry signal validates an entry at those times. GMT is calculated within the code so you do not need to worry about adjusting the times depending on your brokers server time zone. It uses a combination of technical analysis to determine entries. There is no specific account size to start trading online with this forex robot and you can control your risk to a level that you feel comfortable with. You could even try it on a demo trading accout risk free to see if it is something that works for you and your goals.
Forex Auto Millions Back Testing
The back testing results on the official website were done using real tick data and real spreads – these are the best possible testing conditions for the MetaTrader 4 strategy tester. They were conducted on the EURUSD currency pair and 5 minute time frame over a 20 year period. The results look very impressive! 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 Auto Millions Verified Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Auto Millions Summary
In my opinion this is a forex robot that has been around for a while and lets you can control the risk to your desired level. I find it interesting how the EA trades in one direction only, in order to try and take advantage of trending markets.
It comes with dedicated support, free updates and a 60 day money back guarantee. I specifically like the fact that it trades the EURUSD currency pair as I find that this usually gives low spreads and plenty of liquidity for reliable execution speeds. This can help me save on my trading costs in the long term.
The back tests over a sustained period of time and various market conditions help to show that the EA has some potential and is certianly worth taking a look at! Please feel free to visit the official site using the link below.