In this post I will be reviewing the Forex Earth Robot. It will work on MetaTrader 4 brokers. I always prefer to trade with a regulated true ECN forex broker. Forex Earth Robot only requires you to download and set it up in 5 minutes using the easy to follow instruction manual and it will then do all the trading for you – a complete set and forget trading solution. It is suitable for beginner traders and requires no previous trading experience.
Forex Earth Robot Trading Strategy
Forex Earth Robot trades on 2 major currency pairs – EURUSD and GPUSD. These pairs usually have tight spreads and plenty of liquidity for reliable execution speeds.
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.
Forex Earth Robot Back Testing
There are no back testing results published by the developer on the Forex Earth Robot website which is disappointing. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Forex Earth Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Earth Robot Summary
Forex Earth Robot comes with a 30 day money back guarantee, lifetime support and free updates. It has been updated a few times so the developers are always looking to improve things. Visit the Forex Earth Robot to find out more.