In this post I will be reviewing the Forex Time Robot. Forex Time Robot is a completely automated forex trading system for the EURUSD 15 minute charts and runs in the free to download MetaTrader 4 trading platform. This is a unique Forex Robot that combines different trading strategies with different trading sessions and a unique money management system.
Forex Time Robot Trading Strategy
The Forex Time Robot does trade frequently targeting small moves. Forex Time Robot has built in money management features that calculate risk based on the account free margin. The exact strategy is clarified within the instructions however the developer states that it uses a combination of intraday strategies, hedging, and averaging in/out of positions. It has a different trading strategy for each trading session and a news filter. There are some very long and through videos on the website that show you the Forex Time Robot in action.
Forex Time Robot Back Testing
There are no back testing results on the website. 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 Time 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 Time Robot Summary
Overall the Forex Time Robot is a fully automated trading system that has been professional developed and tested. It is unique as it uses a combination of different trading strategies depending on the current trading session. It combines both technical and fundamental analysis with a unique money management strategy. It trades the EURUSD which is usually a liquid currency pair with low spreads so therefore less trading costs. It also comes with full support, detailed instructions and a 60 day money back guarantee. Visit the Forex Time Robot website to see some videos of it in action.