In this post I will be reviewing the Lion FX Trader forex robot for the MetaTrader 4 trading platform. You simply set it up on the MetaTrader 4 trading platform and it can handle all of the trading positions opening, managing and closing for you. It is suitable for all levels of traders and includes easy to follow instructions to get setup and running on your trading account in just a few minutes.
Lion FX Trader Robot Strategy
Whilst the strategy behind the Lion FX Trader is understandably kept mostly private we can see a few key points regarding the strategy. The trading logic incorporated in the Lion FX Trader robot is trading swings between support and resistance levels combined with technical indicator analysis and complex math calculations.
The combination of trading key price levels along with the further technical analysis ensures that the strategy is aware of the latest market movements and can look for opportunities to enter and exit.
The unique algorithm uses a dynamic open and close depending on the market conditions which makes it flexible and adaptable to the ever changing market conditions.
There is no dangerous martingale money management system, hedging or grids. I would prefer to use an ECN forex broker with all forex systems both automated and manual. It trades the EURUSD (15 minute time frame) which is one of the major forex currency pairs and usually has some of the tightest spreads and most liquidity.
Lion FX Trader Back Testing
The Lion FX Trader website includes an interesting EURUSD 15 minute back test. My issue with the back test would be the fact the modelling quality is 90% so no tick data was used and thus no real spreads or commissions included.
Lion FX Trader Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Lion FX Trader Summary
Lion FX Trader is an automated forex trading system with a combination of analysis incorporated along with money management. It comes with support, free updates and a money back guarantee.