In this post I will review the FX Ekspert Moving Average EA which is a fully automated forex trading system developed to run in the highly popular and widely used MetaTrader 4 (MT4) trading platform. The FX Ekspert Moving Average EA is suitable for all levels of traders as it is a set and forget trading system that will place and manage trade for you. You simply follow the provided instruction to set FX Ekspert Moving Average EA up on your demo or real MT4 trading account and it can scan the market for you. Just make sure before running it you set a lot size that you are comfortable with and never risk more than you can afford to los because of course, trading allows carries an element of risk whatever forex trading system you are using.
FX Ekspert Moving Average EA Trading Strategy
The FX Ekspert Moving Average EA uses a unique algorithm for analysing the market for trades with multiple different risk level options to choose from to suit your individual trader preferences. It has a built in automatic lot size calculator.
The FX Ekspert Moving Average EA can run on any MT4 forex broker but for the best possible trading conditions I would want to use a proven and reputable ECN forex broker which can give you some of the best liquidity pools and thus potentially superior trading conditions.
The core strategy of the FX Ekspert Moving Average EA is to try and take advantage of market volatility, but it must be said that it attempts to do this with notoriously dangerous martingale and hedging strategies which can lead to margin calls, stop outs and therefore blown accounts if you are not careful. It runs on up to 9 currency pairs and includes a news filter.
FX Ekspert Moving Average EA Back Testing
There are back tests on the FX Ekspert Moving Average EA official website but as I see with many forex robots bar a select few, the developer has not used real tick data, real spreads, real slippage and real commissions. Therefore, the results over a 10 year period have not considered some extremely important factors that can make the difference between a winning and losing strategy, especially one that uses martingale money management. A few pips difference in spreads / slippage could be the difference between a profitable 10 years and a blown account.
FX Ekspert Moving Average EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
FX Ekspert Moving Average EA Summary
Overall, I would personally not use the FX Ekspert Moving Average EA due to the dangerous money management techniques incorporated. In saying that, the FX Ekspert Moving Average EA comes with instructions, full support, updates and a money back guarantee.