In this post I will be reviewing the Strike FX forex robot. This is another automated forex trading system developed by Argo Labs. These developers have been around for a while and have an ever growing portfolio of forex robots. Strike FX is suitable for new and advanced traders – see below reference to the martingale nature of this forex robot! It includes easy to follow instructions for quick setup. As with most forex robots it is a complete set and forget automated trading solution.
Strike FX Trading Strategy
StrikeFx is a multicurrency martingale Expert Advisor (EA). Martingale strategies can be dangerous if not used correctly so ensure you are aware of what a martingale money management strategy is before using this EA. The aim of the developers was to answer the questions of those traders who do like to use martingale based systems. It uses the same settings trading on multiple currency pairs.
Strike FX Back Testing
There are a range of back tests shown on the website for 14 different currency pairs. The back tests cover a 3 year period and use the same default settings. The modelling quality is only 90% and they have not used real tick data, variable spreads, commissions, swaps or slippage. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester.
Strike FX Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Strike FX 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.