In this post I will be reviewing the Cabex Expert Advisor. This is a 100% fully automated forex trading system that runs on the free MetaTrader 4 trading platform. Expert Advisor is the name Meta Trader uses for forex robots – they are effectively the same thing. This forex robot is suitable for any forex trader regardless of your trading experience. It is a set and forget automated system with instruction manual included for a quick 5 minute setup. The Cabex Expert Advisor trades on the GBPUSD currency pair and has over three years proven track record of good trading results. It was originally released in April 2013 and since then has proven to be a very safe forex robot making consistently profitable gains on live trading accounts.
Cabex Expert Advisor Strategy
The Cabex Expert Advisor system works by analysing price action around moving averages so it can spot strong trend and potential reversals before and as they happen. It does not use any dangerous martingale, hedging or grid based strategies and in fact implements sound money management principles with a good risk to reward ratio. Trades are managed dynamically in real time depending on price action so it is always up to date with the current market conditions. Losing trades are cut short and winning trades allowed to run which provides a good risk to reward ratio of 2:3. This means that with its 50% win rate, the overall returns are very positive. Cabex Expert Advisor developers state that the gains are around 40-60% per year which is a very realistic target and does not require high risk to achieve. Furthermore, trading the GBPUSD gives low spreads and plenty of liquidity which ensures reliable execution and lower trading costs, provided you are using a regulated ECN broker as I recommend with all forex robots.
Cabex Expert Advisor Back Testing
The maximum draw down is around 20% over 9 years of back testing which has so far been backed by the live real account tests that have yet to see more than a 15% draw down, again emphasising the safety of this particular forex robot. The Cabex Expert Advisor back tests used Dukascopy tick data for accurate testing results all the way back to 2007 and have since been confirmed in over 3+ years of live real account tests.
Cabex Expert Advisor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Cabex Expert Advisor Summary
Overall this is a solid forex robot that is suitable for any MetaTrader 4 broker and includes free updates and support as well as detailed instruction guide. There is a lot more information on the Cabex Expert Advisor website that describes the system in more detail with screenshots and additional live results. Certainly worth checking out if you are looking for safe and consistent profitable gains from automated trading.