Forex Americas Robot
Price: $199 (1 LICENCE, FREE UPDATES & SUPPORT)
Currency pairs: EURUSD, GBPUSD
Forex Americas Robot Review – Best FX Expert Advisor For Metatrader 4
Forex Americas Robot trades EURUSD and GBPUSD pairs during the active European and U.S. sessions.
The Forex Expert Advisor has the innovative ability to adapt to current market conditions by automatically updating optimized parameters. Forex Americas’ intelligent design allows you to directly connect to vendor’s server and download optimized parameters from time-to-time (frequency dependent on market conditions).
For instance, if a particular pair is not performing well, they’ll do all the necessary optimizations on their side. The new trading parameters will automatically download to your Metatrader 4 (MT4) platform.
Forex Americas Robot is a fully automated trading system. No human intervention is needed. Just place it on a chart, adjust the settings for your particular account (as fully explained in the manual), and it trades on its own. And all of the needed trading parameters are automatically downloaded to your MT4 platform.
Truth be told, backtest results on the MetaTrader 4 platform are not too reliable in most instances. They can be misleading and inaccurate and one should never rely solely on MT4 backtests when evaluating a Forex Robot. Of course, real account forward tests are more representative of what you may expect to see on your account.
Backtests are, however, useful to a certain extent. For example, if a FX Robot has an unprofitable, poor backtest, we can rest assured that the chances of it actually succeeding and making money in the real world are slim to none. Conversely, if a backtest shows, for example, good net profits, a high percentage of winning trades and low drawdowns, it does offer some indication for the potential success of the robot.
Nevertheless, in the Forex Americas Robot backtest presented below, you can see the high percentage of winning trades:
NOTICE to those using U.S. forex brokers:
Unfortunately, Forex Americas Robot is not compatible with U.S. brokers which strictly enforce the FIFO rule.