Last Updated On Sun, 9 Apr 2023

FXConstant Review Introduction

FXConstant is a 100% fully automated expert advisor for MetaTrader 4 and 5 platforms with realistic statistics, fast trading, and capital protection.

Trading Idea

No indicators are used by FXConstant. Price movements are directly analyzed by the EA. Patterns are activated based on price movement specificity.

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FXConstant Criteria

License

1 license of FXConstant for any account type with unlimited possibility to change account number online

Broker / VPS

FXConstant is compatible with any broker. While in order to get the best achievable stability and profitability, we recommend using Golden Pickaxe on IC Markets Forex brokers in conjunction with TradingFX VPS Forex VPS.

MT5 Compatibility

Version of FXConstant for MT4/MT5 platforms.

User Manual

Detailed user manual is included.

Technical Support

24/7 reliable technical support is available.

Refund Policy

30 Days money back guarantee is offered by the vendor.

Supported Currency Pairs

EURUSD & AUDUSD

MetaTrader Chart Timeframe

H1

MyFxBook Verified Real Money Trading Results Statement

Started On
Jul 18, 2019
Leverage
1:500
Broker
FXOpen
Starting Balance
1000
Started On
Mar 28, 2022
Leverage
1:500
Broker
FXOpen
Starting Balance
1000

Historical Data Backtests

Backtesting is a great opportunity to test a system's performance for a long period of time. 20 independent patterns were set for the period since 2014. Below you can find the backtests of FXConstant for more than 7 years.

This is a backtest with an aggressive MM, made taking into account that the system should not reach a Stop Loss soon, and is aimed to get the maximum profit during this time.

Normal risks of MM were used for this backtest. With this approach to trading, even in case of a Stop Loss, the system will still have a large part of the deposit at its disposal, in order to be able to easily cover the loss.

This is a backtest with an aggressive MM, made taking into account that the system should not reach a Stop Loss soon, and is aimed to get the maximum profit during this time.

Normal risks of MM were used for this backtest. With this approach to trading, even in case of a Stop Loss, the system will still have a large part of the deposit at its disposal, in order to be able to easily cover the loss.

Trading Strategy

ANALYSIS

FXConstant uses a principle of Market analysis and does not use any indicators. Special algorithms of the EA directly analyze the nature of price movement. Depending on the specificity of the price movement, a corresponding pattern is activated.

20 PATTERNS

FXConstant includes 20 independent patterns, which are constantly being compared to current market conditions. If a pattern finds a match of the Market behavior with its built-in instructions, it gets activated and opens a trade in the necessary direction.

TRADE MANAGEMENT

Depending on which of the 20 patterns is activated, the system uses a trade management algorithm that is individual for this pattern. For different patterns, different algorithms are used, indicating the following: when to close a trade, in which direction to open a new trade, and when to finish the trading of a selected pattern.

Pay Attention!

FXConstant is designed to trade accurately and carefully. Concerning this, there may be periods when only a few orders are opened in one month. This makes The EA very effective in combination with other systems allowing to minimize of drawdown overlap.

Last Updated On Sun, 9 Apr 2023

Talk about FXConstant

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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