The licence is valid for one live or demo account and includes support and updates. To activate the licence, a hardware key has to be generated with a software tool provided after purchase. Both, the key and the account number have to be communicated to the support team which will in return provide an installation package for each account.
Compatible with Any Forex Broker, But We Recommend Installing it on TradingFX VPS and Using it on IC Markets Forex Brokers for the Best Stability and Profitability.
A 4-pages manual explains the installation and set up of Forex Spectre.
Friendly and Qualitative 24-hours / 7-days.
Free Lifetime Updates.
30 Days Money Back Guarantee Offered by the EA Vendor.
According to the backtests run by MyFxBots, the risk reward ratio is about 1:1 which is apparently excellent while the hit ratio reached just 55%. A high trading frequency that could reach 800 trades per year as that of Forex Spectre could guarantee midterm profits but longer sideward movements could happen. Drawdown periods are inevitable on a short-term basis.
Each of the three embedded strategies trades autonomously with no interaction with the other two strategies, so that there is a possibility to open a long trade by on strategy while another strategy has opened a short trade at the same time.
If Forex Spectre detected an entry signal and considered it to be highly promising using its advanced algorithm calculates, it automatically opens a trades with a double of the preset lot size.
A money management system is involved in Forex Spectre with the ability to deactivate each of the working trading strategies.
A division of the account balance can be assigned to be the only tradable balance division while the remaining balance can be freely used for manual trading or by other EAs.
Hedging also can be disabled in the EA settings.
FXTrackPRO Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm.
The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.
Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.
Forex Truck Expert Advisor has a special feature - it consists of two blocks that work together in addition to risk control.
The strategy and algorithms used in the EA made it possible to achieve full compatibility with any broker, so there is no need to select a broker with special trading conditions - any broker will do.
FXQuasar Expert Advisor does not use indicators.
It works directly with quotes and internal algorithms for analyzing the current market situation, as well as analyzing price movements over the past few days.
Based on the results obtained, it decides whether to open a trade or wait and in which direction to trade.
To a greater extent, a price in the Forex market has a certain amplitude of fluctuation - replacing an upward movement with a downward one.
Based on this principle, FXHelix collects recent data on price movements to find a deviation from the average rate of price movement during a certain period. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.
No indicators are used by FXConstant. Price movements are directly analyzed by the EA. Patterns are activated based on price movement specificity.
ForexExtract is an interesting robot that, has many levels of protection which provide good reliability and security for the user's account. But even if they all fail for some reason, due to some unprecedented Market upheaval, ForexExtract has a built-in drawdown limitation mechanism that will protect your account from significant losses.
FXCipher has two built-in strategies, designed to adapt to a situation in the Market. Trading using one of them, the EA will switch to another strategy in case of certain circumstances, in order to minimize risks and increase efficiency. This helps to ensure the high reliability of the robot along with good profitability.
FX Jetbot's developers claim that they have put a lot of effort into developing and afterward configuring a special algorithm that very effectively finds the Market entry points. They also ensure that this algorithm can quite accurately predict where the price will go.
FX Jetbot almost always works with a fixed lot, without using Martingale.
FX Quake algorithm is based on a grid strategy with a small lot increase and drawdown limiting system.
A Forex trading system that combines two completely different Forex Strategies, called CORE1 (Trend Following) and CORE2 (MA indicator). Both systems use powerful drawdown control systems.
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
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Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.