In this post I will be reviewing the Wicor Forex EA. Just to clarify for those who may not know, an EA is a short term for expert advisor (EA) which is another term for forex robot. They are the same thing it is just the MetaTrader 4 trading platform that the majority of forex robots are developed to run in refer to forex robots as EA’s. That being said, the Wicor Forex EA does indeed run in MetaTrader 4 and is easy to get setup and running in minutes even for the most beginner of forex traders. You simply download it and attach it to the trading charts and will automatically trade for you.
Wicor Forex EA Trading Strategy
The Wicor Forex EA is a fully automated forex trading strategy that requires no input from the user other than setting it up initially. It trades on the EURUSD & GBPUSD major currency pairs which are very liquid which can give low spreads and slippage. I would use a true ECN forex broker for the best possible trading conditions.
The Wicor Forex EA does use a potentially dangerous money management techniques known as martingale so please ensure that you know what this entails before going ahead with it. A martingale money management system will increase lots after a losing trade in order to recover from the loss which can continue increasing the lots in the case of multiple consecutive losses.
Wicor Forex EA Back Testing
The Wicor Forex EA website does not have any back tests available.
Wicor Forex EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Wicor Forex EA Summary
The Wicor Forex EA trades 2 of the major currency pairs. It does come with detailed instructions for an easy setup, full support, free updates for life and a money back guarantee.