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 Windows and MAC.
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.
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.
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.
FXSecret Immortal Live Results
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.
I have conducted many forex robot reviews and there are other alternative automated trading options that I would personally consider over FXSecret Immortal.
FXSecret Immortal comes with setup instructions, full support and updates. There is no mention of a money back guarantee.