The EA authors introduce it as the greatest expert advisor ever to hit the automated Forex market, and that they are a Russian team with over 60 joint years of experience in Forex trading.
Forex Earth Robot has limited modifiable settings, able to trade on all account types proficiently including micro, mini and standard, designed to exploit the fourth and fifth decimal places of prices quoted.
Trading Idea
Specifications
License
4 versions of the EA are available, one for each of the supported 3 pairs separately and the 4th runs on the 3 pairs together.
User Manual
Included with the EA Package.
Support
24/7 Professional Client Support.
Recommended Broker
Refund Policy
30-Day Money-Back Guaranteed by the EA Vendor.
Supported Currency Pairs
MetaTrader Chart Timeframe
![MyFxBots Admin [www.myfxbots.com]](/assets/media/avatars/myfxbots-admin.png "MyFxBots Admin [www.myfxbots.com]")
Forward Tests
Live Test Summary
Backtests Settings
- magic=1234
- moneymanagement="Money Management"
- lots=0.01
- mm=true
- risk=20
- minlot=0.01
- maxlot=1000
- lotdigits=2
- ordersmanagement="Order Management"
- ecn=false
- oppositeclose=false
- reversesignals=false
- maxtrades=500
- tradesperbar=1
- hidesl=false
- hidetp=false
- stoploss=475
- takeprofit=12
- trailingstart=0
- trailingstop=0
- trailingstep=1
- breakevengain=0
- breakeven=0
- maxspread=0
- adordersmanagement="Advanced Order Management"
- firstticks=false
- ticks=1
- changedirection=false
- onesideatatime=false
- stop=0
- trailing=0
- entrylogics="Entry Logics"
- lastxbars=32
- ybarsago=21
- adxfilter="0:NONE,1:M1,2:M5,3:M15,...,9:MN"
- adxtf=6
- adxperiod=8
- adxlevel=19
- exitrule=true
- exitlastxbars=31
- exitybarsago=21
- shift=1
- timefilter="Time Filter"
- usetimefilter=true
- summergmtshift=0
- wintergmtshift=0
- mondayfilter=false
- mondayhour=12
- mondayminute=0
- weekfilter=true
- starthour=19
- startminute=0
- endhour=7
- endminute=0
- tradesunday=false
- fridayfilter=true
- fridayhour=23
- fridayminute=0
- testhour=24
Backtests Results
Backtests Settings
Backtests Results
Backtests Settings
Backtests Results
Strategy
Although sometimes more than one joint is open in the same direction, Forex Earth Robot doesn't apply a grid martingale strategy, it incorporates a powerful money management strategy and tends to look for high-quality available positions around the clock conserving optimum gains supported by minimum risk, it works will any MT4 platform no matter what the broker is.
Bottom Line
Although Forex Earth Robot performance results are promising, you should be concerned about some other result aspects, for example, the recorded reward-to-risk (R/R) ratio value is below the unity, never was a reassuring sign, as being weak, the (R/R) ratio offsets the impressive win-to-loss (W/L) ratio benefits of 82%, resulting in a great reduction of the crucial expectancy-value (EV) by the dismal R/R, so it just posts an incurious $0.64.
The poor (EV) value in the previous tests that were made over months doesn't guarantee that important profits could be made by trading over the same period of time, as if Forex Earth Robot would start to trade against any unusual trading circumstances, additional losses may quickly result.
Tags
Risk
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.
