In this post I will be reviewing the Stabilis Lucra Forex Robot. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user.
In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Stabilis Lucra Forex Robot Trading Strategy
The Stabilis Lucra Forex Robot primarily trades the popular currency cross GBPUSD. Being a major currency pair, it usually has some of the lowest spreads and plenty of liquidity for reliable trade execution speeds. I would personally be using an ECN forex broker for some of the best tradign conditions for my needs.
As with most forex robots it requires no work on behalf of the trader. You simply attach it to your chart in MT4 and it can trade for you. It is a mid-long term forex robot with the average trade being held around 2 days.
Stabilis Lucra Forex Robot Back Testing
There are no back tests on the Stabilis Lucra Forex Robot official website which is very disappointing. The more experienced traders amongst you can feel free to optimize Stabilis Lucra Forex Robot in the MT4 strategy tester until your hearts content! Make sure you are using Birts Tick Data Suite if you do so – this will give you the most accurate results possible by using real tick data, real variable spreads, commissions and slippage.
Stabilis Lucra 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.
Stabilis Lucra Forex Robot Summary
Overall, I would personally avoid using this particular forex robot. I find that it is too risky for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.