In this post I will be reviewing the RobotFX fully automated forex trading system. RobotFX is a forex robot developed for use on the MetaTrader 4 trading platform. It places all the trades fully automated so it is a set and forget trading solution. It is suitable for both beginner and advanced traders. RobotFX can trade on 179 financial assets giving plenty of frequent trading opportunities. It combines currencies, commodities and stocks giving great diversity. Of course with so many potential open trades you will need to manage risk accordingly.
RobotFX Trading Strategy
RobotFX is completely automated; you simply choose your level of exposure and the amount you would like to place into each investment. As I said before, ensure that you manage risk accordingly as you do not want too many open orders and over exposure your risk. The interface is very user friendly and flexible to suit you’re trading requirements.
You can set it up in minutes and frequently check back to see how it is progressing. The exact strategy used for trade entries and exits is not clear but the developer states that this is frequently updated and handled by experienced traders. Again, I would like some facts and figures to actually fairly and accurately judge it’s overall performance.
RobotFX Back Testing
There are currently no back tests on the RobotFX website at the time of writing this review. With so many financial assets offered by RobotFX and the fact it is always changing to current market conditions I can understand that there are no back tests available.
RobotFX 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 trading instruments 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.