In this post I will be reviewing the FXAdept forex robot that trades fully automated in the MetaTrader 4 forex trading platform. There is no prior forex trading experience to use the FXAdept forex robot as it is a complete set and forget trading system. Simply follow the easy to understand instructions and you can have FXAdept setup and running on your MT4 trading account. Just make sure you understand what forex robots are and the risks involved with trading online.
FXAdept Trading Strategy
The developers are keen to point out that FXAdept does not use any dangerous martingale or grid strategies. FXAdept does not also use a forex scalping strategy but rather looks to stay in trades for at least a few hours. FXAdept can try to change according to the current market conditions and trades on the popular USDJPY currency pair.
The main technical analysis used in the FXAdept expert advisor (forex robot) is the RSI indicator to try and spot overbought and oversold market conditions. This is used alongside other additional filters for entries and exits. FXAdept has a low and high risk option to suit different trading styles.
I would use an ECN forex broker for low trading costs and the best liquidity providers which I find can give low spreads and superior execution speeds. 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.
FXAdept Back Testing
There are back tests on the FXAdept official website although modelling quality is 90% so we would like to see 99.9% modelling quality back tests which basically means the test are done using Birts Tick Data Suite and thus including real tick data, real historical spreads, commissions and slippage.
FXAdept Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
FXAdept is a forex robot that does not stand out in my opinion. You may see alternative options in my forex robot reviews. It does come with full support, updates, instructions and a money back guarantee.