In this post I will be reviewing the Fx Turbine Forex Robot for the free MetaTrader 4 trading platform. Fx Turbine is a fully automated forex trading system that can enter and exit trades for you. You simply download it and use the easy to understand instruction manual for a quick 5 minute set up.
Fx Turbine Trading Strategy
The Fx Turbine trading strategy will constantly analyse the market every day for trading opportunities. It has built in money management controls and adjustable risk parameters. The exact trading strategy implemented is not quite clear but I can see that it does add to positions at a specified “step” distance. There are 2 trading modes – “reinvest” or “simple”. You can choose whichever mode suits your trading style.
Fx Turbine Back Testing
There are back tests on the Fx Turbine website showing around 3 years of results. These only have a poor 90% modelling quality.
Fx Turbine Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Fx Turbine Summary
Overall, I would personally avoid using this particular forex robot. I find that it is too risky for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.