In this post I will be reviewing the MQL.me Forex Robot. This is an automated forex trading system (expert advisor) for use on the MetaTrader 4 trading platform. It places and manages trades for you fully automated without you needing to do anything other than take 5 minutes to follow the simple instruction manual and set it up. It is therefore suitable for beginner and advanced traders. All you need is the MetaTrader 4 trading platform and a trading account with a forex broker. I would use an ECN forex broker for some of the lowest possible spreads and reliable execution speeds.
MQL.me Trading Strategy
The MQL.me forex robot will analyse the forex market for you and place trades when it finds the ideal opportunity. It has a built in money management system and does not use any martingale, hedging or scalping strategies. The money management system will adjust according to the current market conditions.
MQL.me Back Testing
There is a back test on the mql.me forex robot website but the modelling quality is just 90%. I would like to see how it would perform with tick data and over a longer period of time.
MQL.me Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
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.