In this post I will be reviewing the forex robot Fx Maximal. 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.
Fx Maximal Trading Strategy
As with the majority of forex robot, Fx Maximal is a fully automated forex trading system for the MetaTrader 4 trading platform. It is suitable for complete novice traders as it does not require any trading or prior forex knowledge, You can simply follow the included detailed easy to follow setup instructions and have Fx Maximal running on your forex trading account very quickly.
Fx Maximal trades the EURUSD, GBPUSD & AUDUSD currency pairs. This is a great selection of forex pairs to trade due to them being considered major pairs means that they usually have plenty of liquidity and thus low spreads with minimal slippage. For the best possible trading conditions I would be using an ECN forex broker.
It does not use any dangerous money management strategies and is very easy to use.
Fx Maximal Back Testing
There are no back testing results on the Fx Maximal official 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.
Fx Maximal Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Fx Maximal Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.