In this post I will be reviewing the FXSecret Immortal forex robot which is a fully automated forex trading system that is compatible with the MetaTrader 4 (MT4) trading platform for desktop. As FXSecret Immortal is an automated system, you simply just need to follow the provided setup instructions to attach it to your MT4 charts and it will analyse the markets for potential trading opportunities. When it finds them, it can place and manage the positions on your behalf.
You can download MT4 free of charge from most reputable online forex brokers, I always prefer to use an ECN forex broker as I find that they usually have the best possible trading conditions which include tight spreads, low commissions, fast execution speeds, regulation and excellent customer support. 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.
In this FXSecret Immortal review we will take a look the trading strategy that it uses along with the backtests and most importantly, any verified results. Hopefully this will help you to decide if the FXSecret Immortal is something that you would consider using on your forex trading account.
FXSecret Immortal Strategy
The FXSecret Immortal trading robot implements a combination of 3 different trading strategies and runs on the EURUSD. One of the good things about using different strategies is that you can potentially take advantage of different market conditions. E.g. One strategy may be suitable for a ranging market whereas another may be more suited to a trending market.
It is possible to choose in the settings of the EA whether to use all three systems, or a certain number of them, if needed.
The system will automatically calculate lot sizes and Stop Losses based on the risks specified in the settings of the EA.
The developer states that “FXSecret is a private community of successful traders that provides the automated solutions for trading on the Forex Market.”
The company was established in 2012, but the development of their Forex robots started in 2009 – I have actually reviewed some of their previous works a few years back. You can see all of them in my forex robot reviews.
One of the things I like about these developers is that they have taken experience from past results and implemented their findings into newer versions of their work to try and improve performance. If the FXSecret Immortal robot does not perform, it is certainly not for them wanting it to.
The developer mentions that for trading with FXSecret Immortal combo system it is preferable to have a minimum deposit of $1,400 for a reliable trading, or $700 for an aggressive trading. I would only ever trade with what you can afford to lose due to the significant risks involved with online trading – most traders lose money! You do not need to trade with what someone tells you, only what you feel comfortable with.
FXSecret Immortal Back Testing
There are unfortunately no back tests shared on the FXSecret Immortal 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. The more seasoned traders amongst you may wish to use Birts TDS to optimise this forex robot in the MT4 strategy tester and perhaps find your own bespoke settings for various currency pairs and time frames.
Without any backtest results, we cannot get an idea of how the FXSecret Immortal Forex Robot may have performed based on historical data which is disappointing. I am also concerned to why the developer has not bothered sharing any backtests as I think this is a vital aspect for a trader to consider when choosing any forex robot. Most of the top forex robots nowadays have 99% modelling quality tests, including the Forex Robotron EA.
FXSecret Immortal Live Results
Whilst it is good that we have some Myfxbook verified accounts to see the FXSecret Immortal results, I am disappointed with the performance. This is mainly because the drawdown is very high. This shows me that the FXSecret EA is using poor money management and I personally think it is too risky for my taste. I believe that it may only be a matter of time before the account is blown. However, if you are prepared to take the risk for the potential rewards, then that is your choice. Just make sure that you are aware that this expert advisor can have large drawdowns that may not be sustainable in the long term. I would instead consider opting for a trading robot that uses a sensible stop loss and has a more favourable risk to reward ratio. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
FXSecret Immortal Summary
Overall, the FXSecret Immortal robot is established and diverse due to the fact that it incorporates multiple strategies into one expert advisor (EA). My main concern is the significant amount of draw down and stagnant periods the robot has gone through. The money management is not the best I have seen whilst I also think that the developer could improve this forex software by publishing some top quality backtests to show how the EA has traded on historical data across different currency pairs and chart timeframes. I am not sure that the implemented trading strategies would survive certain market conditions.
The FXSecret Immortal EA comes with setup instructions, full support and updates. There is no mention of a money back guarantee. You could always try it on a demo account to see if the results live up to your expectations. Just keep in mind that demo trading account conditions can vary greatly from a real live trading environment. I have conducted many forex robot reviews and there are other alternative automated trading options that I would personally consider over the FXSecret Immortal EA.
FXSecret Immortal EA
$549
Pros
- 3 Trading Strategies Combined
- Fully Automated Forex System
- Customisable Settings
- Verified Results Provided
- Full Support
- Detailed Instructions
- Free Updates
Cons
- Limited Currency Pairs
- No Backtests
- Poor Verified Performance
- High Drawdowns
- Risky Trading Strategy
- Poor Money Management
- MetaTrader 4 Only
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
