In this post I will be reviewing the Richeith Forex EA. This is a fully automated forex trading robot developed to run on the MetaTrader 4 trading platform – as with most forex robots!
Richeith Forex EA Strategy
As the Richeith Forex EA is a fully automated trading system (forex robot) you do not need to have any prior trading experience as you simply set it up on the MetaTrader 4 trading platform in just 5 minutes (comes with self-installation) and let it handle all of the trading for you.
The Richeith Forex EA strategy itself uses fully configurable settings if you wish to customise or even optimize it on any currency pair/time frame that you wish.
In saying that, it is ready to use as is straight out of the box (or perhaps zip file in this case).
Richeith Forex EA Back Testing
Interestingly, the Richeith Forex EA developers have not posted any back tests on the website which I believe would have been useful, if done correctly of course. Birts Tick Data Suite is the best tool I would recommend for anyone who wants accurate back tests in MetaTrader 4.
Richeith Forex EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Richeith Forex EA 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.