In this post I will be reviewing the Trends Tracker Pro automated forex trading robot. This is developed to run on the MetaTrader 4 trading platform which is free to download through any forex broker of your choice. You can open a risk free demo account to try it out on first or run it on your real live trading account.
Trends Tracker ProTrading Strategy
Trends Tracker Pro uses a versatile trading strategy that adjusts depending on the current market conditions for both trending and ranging markets. Primarily it focuses on trading breakouts and incorporates customisable money management. It trades multiple currency pairs which currently are the EURUSD, GBPUSD, USDCHF & USDJPY. This is a generous selection of currency pairs to trade because they can be considered “majors” and thus I find they usually will have plenty of liquidity and low spreads. I would personally be using an ECN forex broker for the best possible trading conditions.
Trends Tracker Pro Back Testing
The Trends Tracker Pro does not have any back tests. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Trends Tracker Pro Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Trends Tracker Pro 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.