In this post I will be reviewing the Universe Forex Robot for MetaTrader 4. The Universe Forex Robot comes with detailed instructions which make it suitable for novice traders as it is easy to setup in just a few minutes and then you leave it to place, manage and close trades on your behalf. Of course, you will need to download the free MetaTrader 4 trading platform from a forex broker and run it at all times so the robot can work.
Universe Forex Robot Strategy
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
The Universe Forex Robot can work in multiple market conditions as well as being diverse by trading multiple currencies. There is a trailing stop to manage all trades with no martingale, grid or hedging strategies used.
Universe Forex Robot Back Testing
The Universe Forex Robot website has back tests with tick data on both the EURUSD and GBPUSD. These back tests have 99% modelling quality which means that real tick data was used thus the results more accurate. It is not clear if they used real variable spreads, swaps, slippage and commissions in testing. These factors can have a major impact on results.
Universe 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.
Universe Forex Robot Summary
Overall, the Universe Forex Robot is an automated trading system that trades 2 of the major currency pairs which ensures you have decent spreads most of the time and plenty of liquidity. Furthermore, it comes with lifetime licenses, full support, free updates and a money back guarantee.