In this post I will review the HAS MTF Forex Robot (HAS = Has Pips Alot!) that is a fully automated forex robot developed by the team over at Forex Robot Trader and trades in the MetaTrader 4 (MT4) trading platform. MT4 is free to download from most of the best forex brokers globally and you can start by using the HAS MTF Forex Robot on a demo account until you are accustomed with how it trades at which point you may then decide to trade with it on a real live account.
I prefer to use an ECN forex broker for low spreads, low slippage and low commissions. These forex brokers tend to have the most liquidity providers (LP’s) which can help lower trading costs.
The HAS MTF Forex Robot is suitable for both beginner and advanced forex traders as it is fully automated nature and can be setup in minutes using the easy to follow step by step instructions provided.
You just need to set a suitable lot size depending on your account balance, leverage and risk preference whilst checking back regularly for the latest HAS MTF Forex Robot performance.
The HAS MTF Forex Robot is another from the same Forex Robot Traders group that have other forex robots which I have reviewed including the Vader Forex Robot, Odin Forex Robot, Ganon Forex Robot, Reaper Forex Robot, Falcor Forex Robot, Pterodactyl Forex Robot, Hedge Forex Robot, Volatility Forex Robot, WaveRunner Forex Robot and Directional Forex Robot.
You are probably asking yourself why would they be selling so many forex robots if they all worked as good as they claimed they do. Well, perhaps the lack of verified results across all of the trading robots they sell can help to answer your question. That being said, in this HAS MTF Forex Robot review, I will be taking an impartial look at this particular trading robot. We will cover the trading strategy implemented, any backtests available and most importantly, real results.
HAS MTF Forex Robot Trading Strategy
The HAS MTF Forex Robot searches for trend movements by analysing 8 time frames consecutively. By checking the trend across the low, mid and long-term time frames, it tries to find the overall trend.
Not enough traders check multiple time frames in my opinion and what may look like a good trend on one time frame could be moving in a completely opposite direction on another.
Confirmation from multiple time frames can be beneficial for any forex trading strategy and is a main feature of the HAS MTF Forex Robot.
The HAS MTF Forex Robot uses the “Heikin Ashi Smoothed” technical indicator and the “MTF HAS Bar Lower A” and “MTF HAS Bar Lower B” indicators combined. This helps it to determine the trend and is a great barometer to judge the changing in market sentiment or change in volatility.
For those of you who have the experience, you are free to experiment with the HAS MTF Forex Robot settings to develop your own bespoke set files. I would use the MT4 strategy tester to backtest the software across different currency pairs and chart timeframes to discover unique combination of settings that match my trading style and goals. There are recommend currency pairs to use but that does not mean you cannot run it on other financial instruments. However, if you do wish to experiment with the HAS MTF Forex Robot, then you may want to do so on a demo account to begin with and see how things go.
HAS MTF Forex Robot Back Testing
There are no back tests shared by the Forex Robot Traders team on the official HAS MTF Forex Robot website. I would use Bits Tick Data Suite (Birts TDS) to back test HAS MTF Forex Robot with 99% modelling quality using real tick data, real spreads, real commissions and real slippage. This would help decide the best currency pairs and time frames to run it on. This could also have given an idea of the historical performance but of course would be no guarantee of future performance.
Without any backtest results, we cannot get an idea of how the HAS MTF 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.
HAS MTF Forex Robot Live Results
If the lack of top quality backtests wasn’t bad enough, the developer isn’t even sharing any real live verified accounts of the HAS MTF Forex Robot. Without them, we don’t have any idea of how good or bad this forex robot has been performing in the current market conditions which are constantly evolving. For this reason alone, I would consider looking at another trading robot such as the Forex Flex EA. They have 99% modelling quality backtests that are also backed up by verified results. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
HAS MTF Forex Robot Summary
The strategy implemented within the HAS MTF Forex Robot is based on trend trading and thus requires certain market conditions on the correct currency pairs. The multi time frame analysis is a useful feature and the combination of technical indicator anlaysis helps to filter the signals it produces.
The Forex Robot Traders team do share updated results on the official HAS MTF Forex Robot website although I would personally prefer if these results were verified with myfxbook or FX Blue for extra peace of mind. 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.
The HAS MTF Forex Robot comes with instructions, support, updates and a money back guarantee. Without any backtests or verified account to analyse, we have no way of backing up the claims made by the developer. Please feel free to browse my forex robot reviews for some alternative options.
HAS MTF Forex Robot
$89
Pros
- Customisable Settings
- Multiple Currency Pairs
- Multiple Time Frames
- Fully Automated Forex System
- Trend Analysis
- Technical Indicators Combined
- Any Forex Broker
- Detailed Instructions
- Full Support
- Money Back Guarantee
Cons
- MetaTrader 4 Only
- No Backtests
- No Verified Results
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.
