In this post I will be reviewing the Directional Forex Robot that has been developed by the team at Forex Robot Traders and runs in the free to download and very popular MetaTrader 4 (mt4) trading platform that is available by most forex brokers across the world. The Directional Forex Robot is a fully automated trading system that will do all of your trading for you, of course you should use a sensible lot sizes that you are content with and do not over leverage your account to avoid a margin call or stop out. For best results with the Directional Forex Robot, I would personally use a true ECN forex broker which can help lower trade costs and give good bid and ask prices with the vast amount of liquidity providers (LP’s) that they have. As with any forex trading system, the Directional Forex Robot will perform best with low spreads, low slippage and low commissions. The Directional Forex Robot is suitable for any level of trader from beginners to the more advanced with easy to follow setup instructions provided by the developers.
Directional Forex Robot Trading Strategy
The Directional Forex Robot looks to catch big trends fully automated across multiple currency pairs and timeframes. You can use on any forex currency pair that you wish, I personally like to trade the EURSUD & GBPUSD pairs at an ECN forex broker as this can save on trading costs over the long term. The Directional Forex Robot waits for trends to develop on multiple time frames before getting in the market. It will look to place trades in the direction of the underlying trends and ride them until it anticipates that the trends will begin to reverse. The Directional Forex Robot also incorporates countertrend technology, which means that it also looks to buy on dips and sell on rallies. In other words, this means that it buys low and sells high. This combination of trend and counter trend strategies can somewhat help the Directional Forex Robot to adjust to the current market conditions whatever they may be.
Directional Forex Robot Back Testing
There are not any back tests shared by the Forex Robot Traders team on the official Directional Forex Robot website. I would personally use Bits Tick Data Suite (Birts TDS) to back test the Directional Forex Robot with 99% modelling quality using real tick data, real spreads, real commissions and real slippage. This would also help to decide the best currency pairs and time frames to run it on.
Directional Forex Robot Live Results
Directional Forex Robot Summary
Overall, the Directional Forex Robot is a decent fully automated forex trading solution although I would like to see the results the Forex Robot Traders team share on their website verified by myfxbook or FX Blue for added peace of mind. I would also recommend using the Directional Forex Robot on a mt4 demo account to begin with in order to become familiar with how it trades. The Directional Forex Robot comes with instructions, support, updates and a money back guarantee.