MyFxBots
Updated on Fri Apr 22nd, 2016

Manhattan FX Review Introduction

Manhattan FX is a breakout based Forex robot without any martingale, arbitrage or grid strategies involvement.

License

The Basic Version is Licensed to 1 Account to Trade on EURUSD only, The Ultimate Version is Licensed for 1 Account to Trade on Both EURUSD and GBPUSD while the 2-License Version is Licensed for 2 Accounts to Trade on Both EURUSD and GBPUSD too.

Compatible Brokers

    Any Broker as Long as it Meets the Following Requirements:
  • Raw Spreads and Commission (ECN/STP Accounts).
  • 5 Digits Price Feed.
  • Large Leverage (1:100 Minimum).

IC Markets, Tickmill, or Alpari Forex Brokers are recommended!

Broker / VPS

Tickmill ECN-Pro Account With TradingFX VPS are the Recommended Broker Account / VPS Combination.

Initial Deposit

No Restrictions on Minimum Account Balance.

Support

Email Support via a Dedicated Support Team 24/7.

Updates

Free Lifetime Updates.

Supported Currency Pairs

EURUSD only for the Basic Version and EURUSD, GBPUSD for the Ultimate and 2-License Versions.

MT4 Chart Timeframe

M1

The EA developers team is 12 industrial experts from New York City; a union of long-practiced Forex traders and software developers, started working together in 1998 and began developing Manhattan FX robot in 2008.

Verified Live Trading Results

FX Blue - ManhattanFX EA

FX Blue - ManhattanFX EA
Settings: Default Settings
Started On
2016/04/22 (GMT)
Leverage
1:500
Broker
Tickmill
Account Type
Demo
Starting Balance
500.00

$30 Welcome Account Just On Email Validation!
$30 Welcome Account Just On Email Validation!

Trading Strategy

General Trading Features

As a breakout based Forex robot, Manhattan FX always sets a StopLoss for every trade to protect the account, in addition to its clever Money Management system that carefully determines trading opportunities and the suitable lot size for each of them.

Trading Limits

Manhattan FX Trading is limited to 10 lots (1000,000 units) in the 2-License version and 5 lots (500,000 units) in the other 2 versions, this is useful for disallowing unnecessary high positions and is considered a good safety measure.

High Spread Filter

By default, Manhattan FX this built in system forces the robot to cease trading during spreads widening as during summer and before news. This can be stopped manually if not desired.

Important Parameters

ManhattanFX Parameters ScreenShot

Buy Enabled: This option can enable / disable BUY orders excution.

Sell Enabled: This option can enable / disable SELL orders excution.

MoneyManagement: This is a switch between automated money managerment (if set to true) or manually setting a fixed trading lot size (if set to false).

Fix Lot Size: If MoneyManagement is set to false, here you can set the desired trading lot size manually.

Long trade risk: This is a percentage (%) value to set the maximum loss for every Long (BUY) trade.

Short trade risk: This is a percentage (%) value to set the maximum loss for every Short (SELL) trade.

** Please note that Long trade risk and Short trade risk refer to only ONE trade.

Maximum lot: This option determines the maximum lot size of the trades.

Balance Risk: This is the highest allowed drawdown as a percentage of the account balance, which if reached, Manhattan FX will stop trading to protect your account.

By:
3.83/5
199 total votes.

Talk about Manhattan FX

Dace Lim Mon Jun 27th, 2016
May I know does your EA any money back guarantee?
MyFxBots Admin Thu Aug 2nd, 2018
You can read Manhattan Agreement Click2Sell, it's explaining the money back guarantee organized by Click2Sell in details!
Ng Kok Wee Mon Jun 27th, 2016
May I know does your EA any money back guarantee? Does it be able to cover for all market condition? How reliable for long run? Any technical support if I am facing any problem? Thank you!
MyFxBots Admin Thu Aug 2nd, 2018
You can read Manhattan Agreement Click2Sell, it's explaining the info you requested in details!
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.