In this post I will be reviewing the Arteon FX Robot. This is another automated forex trading system developed for the free to download MetaTrader 4 trading platform. It is 100% automated so completely set & forget which makes it suitable for novice traders. The parameters are fully customizable for the more advanced traders.
Arteon FX Robot Strategy
The Arteon FX Robot trades multiple currency pairs under any market condition. The average trade lasts over 6 hours so it can be considered a day trading forex robot. This also means that there is no extreme scalping involved so it may not be broker/spread dependant although I would always prefer using a regulated ECN forex broker in any case for tight spreads and reliable execution speeds.
Arteon FX Robot trades 3 of the major currency pairs: EURUSD, GBPUSD & USDJPY. This gives portfolio diversity. It also trades AUDUSD, EURGBP & USDCAD. You can choose to trade one or all pairs although I would be sticking to the major currency pairs due to the lower trading costs in terms of spreads and the better liquidity. There is no scalping, hedging, arbitrage or averaging.
Arteon FX Robot Back Testing
There are no back tests on the Arteon FX Robot website but we have real live verified results to refer to. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Arteon FX Robot Live Results
Arteon FX Robot Summary
Overall, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.