In this post I will be reviewing the Eklatant Forex Robot for the MT4 trading platform. As the name suggests, this is another fully automated forex trading system that runs in the popular and free to use forex trading platform – MetaTrader 4. Eklatant Forex Robot is suitable for beginner traders as it requires no manual trading on your part, you simply setup this forex robot and let it do all of the analysis and trading on your behalf, if you want it to of course.
In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Eklatant Forex Robot Trading Strategy
The Eklatant Forex Robot utilizes advanced detection systems to automatically try and determine specific breakout opportunities and capitalize on them. Tt utilizes Fibonacci levels to set dynamic trades, along with Bollinger bands. It also incorporates various indicators like moving average, CCI, RSI and Stochastics. Eklatant Forex Robot works on EURUSD,GBPUSD,EURGBP and USDJPY 5M time frame.
Eklatant Forex Robot Back Testing
There are no back tests on the official Eklatant Forex Robot website. 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.
Eklatant Forex Robot Live Results
Eklatant Forex 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.