Performance
Pro Forex Robot is a fully automated Forex Expert Advisor for MetaTrader 4 platform that works with all major brokers.
Results
Once again this is another robot backed strictly by back tests making ridiculous claims. Here’s a look at a EUR/USD Backtest.
Strategy
The trade entry decision is made based on the following indicators / oscillators: Bullspower, Bearspower, Bill Williams Awesome Oscillator and Parabolic SAR. The trades are entered with equal takeprofit and stoploss levels which are dependent from the pair used.
EURUSD: 54, GBPUSD: 76, USDCHF: 42, USDJPY: 42
Then the main thing comes in place which is the money management. After each losing trade the size of the next trade is increased. This happens up to 5 times before it starts again. Depending on the risk settings this means a trade can be as huge as 32 times the initial trade size. If this occurs and this would be a losing trade as well (6 losers in a row) you would have lost up to 63 times as much as you lost with the 1st trade.
The lotsize used is depending on 2 factors, if microlots are enable and on the risk settings chosen by the user. This are the lotsizes without microlots for a 10k account:
Conservative (default): 0.1, 0.1, 0.2, 0.4, 0.8, 1.6
Standard: 0.1, 0.2, 0.2, 0.4, 0.8, 1.6
Aggressive: 0.1, 0.2, 0.4, 0.8, 1.6, 3.2
SuperAggressive: 0.1, 0.2, 0.4, 0.8, 1.6, 3.2
Pricing
Pro Forex Robot will be available through clickbank for a $97.00 pricetag. It will not run without a valid clickbank receipt code.
