Last Updated On Thurs, 13 Apr 2023

ForexExtract Review Introduction

ForexExtract is a fully automated Forex trading robot with a loss prevention algorithm.

Trading Idea

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.

Visit ForexExtract Website

ForexExtract Criteria


1 lifetime license for a real or demo account with the ability to change accounts online.

Broker / VPS

ForexExtract is compatible with any broker and not spread-sensitive. While in order to get the best achievable stability and profitability, we recommend using Golden Pickaxe on IC Markets, Tickmill, or Alpari Forex brokers in conjunction with TradingFX VPS Forex VPS.

MTV Version

Robot versions for MT4 and MT5 are available.

User Manual

A detailed user manual exists.


The best technical support 24/7 is avaialable.

Set Up

ForexExtract is extremely easy to set up and use.

Refund Policy

A 30 days money back guarantee is provided by the EA vendor.

Supported Currency Pairs


MetaTrader Chart Timeframe


MyFxBook Verified Real Money Trading Result Statements

ForexExtract is a robot that has proven its profitability and stability in real tests on accounts with money, not just on demo accounts. All its results are verified by the independent company Myfxbook.

Started On
Nov 11, 2021
MetaTrader 4
Starting Balance

Historical Data Backtests

ForexExtract developers' accounts have quite a long period of live trading, but to make sure that the results have an even more long-term basis, they have added the results of testing ForexExtract robot on historical data (backtesting) for many years.

Testing with aggressive settings. The robot was able to earn $65,969,040 from the initial $10,000

Testing with normal settings. The robot was able to earn $709,515 from the initial $10,000

Testing with aggressive settings. The robot was able to earn $76,969,679 from the initial $10,000

Testing with normal settings. The robot was able to earn $935,351 from the initial $10,000

Trading Strategy

ForexExtract developers claim that they have worked for a long time to develop and set up a good mechanism that makes it possible to find good Market entry points. It provides great profitability to their system.

But of course, sometimes our algorithm makes mistakes, and that is when a mechanism that finds the best moment to close an unsuccessful order starts working. Sometimes it closes an order with a small profit or a zero profit, and sometimes with a small loss. But the algorithm is configured in such a way as not to make large losses.

In the event that ForexExtract has failed to recognize exactly when the order should have been closed, and the drawdown has become bigger than what was to get, then the system can add the second order, and sometimes the third one, to cover a drawdown of the first order by a profit of the following order(s).

If it happens that even with such protections the drawdown could not be covered, then the last algorithm is activated. It calculates the moment when, how and at what price to open additional orders that will be able to cover all the drawdowns that have resulted. This algorithm is well thought out and it will not allow the EA to "accumulate" drawdown if there is a rapid movement (trend) in the opposite direction from our orders.

Last Updated On Thurs, 13 Apr 2023

Talk about ForexExtract

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.