Fx Splitter

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Fx Splitter v6.0.4

Expert Advisor

4.27/5

21 total votes.

Official Website

$ 169 Fx Splitter

Fx Splitter EA is a fully automated forex trading system for the MetaTrader 4 trading platform, developed by Argo Labs as a member of their forex robots family including Forex Warrior and Easy Walker FX that were previously reviewed.

Trading Idea

Fx Splitter is a basket trading expert advisor using martingale strategy.

Specifications

License

Two trading accounts, which are changeable at any time via vendor e-mail request.

Broker / VPS Recommendations

Fx Splitter trades well on most brokers whether 4-digits or 5-digits, while the most suitable broker should be with a small spread for the traded on pair and a moderate slippage.
If Fx Splitter trades on an account with a deposit that's not large enough for proper Money Management setup, a cent account is preferred that would make some broker choice restriction, as only a few of them offer cent accounts.
We recommend trading with Fx Splitter on Tickmill, and Scope Markets Forex Brokers via TradingFX VPS Forex VPS for the best stability and profitability.

Recommended Leverage

A leverage of 1:500 is recommended, to minimizes the marginal load on the deposit, while smaller leverages as 1:300 and 1:200 can be used too.

Minimum Account Balance

Fx Splitter can trade on an account with a balance of as little as $70. For this, a cent account with minimal lots size of 0.01 should be used where $70 is equivalent to 7,000 cent currency units and the starting lot of 0.01 will allow the recommended Money Management settings to run perfectly.

Support

Full support is included.

Updates

Lifetime Free Updates.

Manual

Detailed instructions are included in the user manual.

Refund Policy

30-Day Money-Back Guarantee.

Supported Currency Pairs

AUDCAD, AUDNZD, CADCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPUSD, NZDCAD, NZDJPY, NZDUSD, USDCHF and USDJPY

MetaTrader Chart Timeframe

Developed By

ArgoLab

About

Fx Splitter

Reviewed By

MyFxBots Admin

Last Reviewed On Tues, 19 Jan 2021

Strategy
Conclusion

Fx Splitter Trading Strategy

Fx Splitter trades using basket trading forex strategy by which it opens trades between certain time intervals. Whenever a new interval is reached, Fx Splitter either enter, exit a trade or may do nothing and just prepare for the next time interval. The current market conditions control the robot's algorithmic decision during these time intervals.

It also engages a martingale system in its trading to increase the lot size for losing trade recovery. The lot sizes increases in parallel with the increase in trades count until the take profit target is reached and all trades are closed. Due to this, substantial drawdowns can result, and multiple orders with increased lot sizes can remain open if the take profit is not reached. This makes the strategy very dangerous in my opinion.

Bottom Line

Overall, Fx Splitter should be avoided as it uses very risky strategies. Many forex robot reviews exist on this website, and better alternative options over this EA are already available to download despite it comes with instructions, full support, and a money-back guarantee.

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Easy Walker FX is a night multi-pair scalper that trades in the Asian session period during the market's minimal activity. It never uses martingale in its trading strategy but nevertheless profitable in real trading.

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Fx Splitter

Fx Splitter is a basket trading expert advisor using martingale strategy.

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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.