In this post I will be reviewing the Forex Quant EA which is a fully automated forex robot developed to run in the free to download MetaTrader 4 trading platform. This is by far one of the most popular trading platform for forex traders and is offered worldwide by nearly all forex brokers.
Forex Quant EA Trading Strategy
The Forex Quant EA is a set and forget automated trading system. Like most forex robots you simply attach it to your charts in MT4 and it will do all of the trading for you. It trades 2 of the most major currency pairs in the EURUSD & GBPUSD. This is advantageous as these pairs can have plenty of liquidity and low spreads which means that we can get lower trading costs and good execution speeds.
Forex Quant EA implements a dynamic self-updating trading algorithm to try and ensure that it stays up to date with the current market conditions and could adapt to different trading scenarios, whether that be a trending or ranging market.
Forex Quant EA Back Testing
There are some back test results on the Forex Quant EA official website. These back tests are on the EURUSD & GBPUSD currency pairs and 15-minute time frame. One thing I would have liked to have seen would be 99% modelling quality in back testing to ensure more accurate results using tick data, real spread and slippage which can be achieved with Birts Tick Data Suite.
Forex Quant EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Quant EA Summary
Forex Quant EA is fully customisable for those more advanced forex traders but also ready to use straight out of the box for beginners. Full instructions are included as is full support. You are covered with a 60-day money back guarantee and can always run it on a demo account to test the waters. Forex Quant EA even includes a tidy little bonus in the form of an Asian scalper which you could have some fun with. Happy trading all!