In this post I will be reviewing the Manhattan FX forex robot. The name probably came about due to Wall Street being located in the financial district of Lower Manhattan so let’s take a closer look and see if it performs like a pro trader on Wall Street! As with all forex robots it is a 100% fully automated trading system so you can set it up in just 5 minutes and forgot about it, checking back now and then to analysis the trading performance. The instruction manual is easy to understand so it is suitable for beginners.
Manhattan FX Trading Strategy
The developers have come up with an algorithm which they optimized using historical data to create a unique automated trading system for the EURUSD and GBPUSD currency pairs. These are two of the most popular traded pairs on the forex market with some of the lowest spreads and lots of liquidity. There is a built in news filter to avoid trading around the news which can have a negative impact on trading.
Manhattan FX Back Testing
There are back tests published on the website based on simulated test conditions. These back tests used tick data for 99% modelling quality. However it is not clear if they used real variable spreads, swaps, slippage or accounted for commission. All of these could have had a major impact on results.
Manhattan FX Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Manhattan FX Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. 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.