In this post I will be reviewing the Forex Striker Robot. Forex Striker is a fully automated trading system that runs on the MetaTrader 4 trading platform. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. 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 Striker Trading Strategy
The Forex Striker Robot comes ready to use with the default settings although all settings are available from the expert advisor inputs should you wish to optimize it. It trades on the EURUSD and GBPUSD. You may choose to trade both or one of these pairs.
Forex Striker is NFA compliant and does not incorporate any martingale, hedging or arbitrage techniques. It may not trade some days whereas on other days it may take multiple trades. There can be up to 8 trades open on each pair at any time which can be risky in my opinion.
Forex Striker Back Testing
The Forex Striker website has back tests over a 7 year period of time on the EURUSD and GBPUSD currency pairs. Back tests have 99% modelling quality which basically means they did use tick data for the testing in MetaTrader 4 although I would be interested to know if they factored real variable spreads and commissions into these back tests as well.
Forex Striker Live Results
Please check back to my forex robot results page for the latest live trading results of Forex Striker.
Forex Striker Summary
Forex Striker trades on two of the most popular major currency pairs in EURUSD and GBPUSD. These pairs usually have plenty of liquidity and tight spreads, especially on a true ECN forex broker. Forex Striker also includes an automatic installer so you can be setup and running in minutes. It also comes with free support, updates and a 60 day no questions asked money back guarantee.