In this post I will be reviewing the MT5 Champion Forex Robot. This is a fully automated forex trading system for the free MetaTrader 5 trading platform. It is very rare I find a forex robot to review which is developed strictly for MetaTrader 5. MetaTrader 5 has a few improvements over MetaTrader 4 but is very easy to use and similar to MT4 so those with no prior MT5 experience should not have any problems adjusting.
MT5 Champion Forex Robot Trading Strategy
The MT5 Champion Forex Robot trades on the EURUSD and GBPUSD currency pairs. One of the main advantages of trading these 2 major currency pairs is the lower spreads and plenty of liquidity. The exact strategy used to enter and exit trades is not disclosed as the developers of course want to protect their strategy from being duplicated.
MT5 Champion Forex Robot Back Testing
The MT5 Champion Forex Robot website has back tests published since 2013 over a variety of differing market conditions. The back testing was conducted in MT5 although tick data back testing would have been better, with real spreads.
MT5 Champion Forex Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
MT5 Champion Forex Robot Summary
This is one of the only forex robots I have reviewed that was developed for MetaTrader 5. It comes with full support, lifetime updates and a money back guarantee. It is suitable for beginner and advanced traders with no previous MT5 experience required as all is explained in the easy to follow instruction manual. They will even provide you with MT5 support to assist you if you are switching from the MT4 trading platform for the first time. Visit the MT5 Champion Forex Robot website for more information.