In this post I will be reviewing the Finwe Forex Robot, Finwe Forex Robot has an interesting name and is a fully automated forex trading system for developed to run in the free to download MetaTrader 4 trading platfrom that is available from nearly all forex brokers worldwide. It is suitable for both novice and advanced traders as it is a fully automated set and forget trading solution. Current statistics at the time of writing this review show that the Finwe Forex Robot has amassed over 200%+ in trading gains in just a few months. Results are on a real trading account and verified by FxBlue. The profit is around $10,000 with a monthly gain of 50% on average. Be sure to check the latest results on my best forex robots results page.
Finwe Forex Robot Trading Strategy
The Finwe Forex Robot has a high win rate at around 70% with a risk to reward ratio averaging out at 1:1. It trades 2 of the most major currency pairs in the EURUSD & GBPUSD which is very advantageous as these pairs have the highest liquidity and lowest spreads which leads to smaller trading costs and fast execution, provided of course you are using a reputable forex broker and preferably an ECN account for best trading conditions. The average trade is held for around 20 hours which says that the Finwe Forex Robot is more of a mid term trading strategy than a scalping or long term trading strategy. Like most forex robots, the Finwe Forex Robot is a set and forget automated trading solution that will allow you to do other things whilst it analyses the markets for you and does all of the hard work. There is a good maount of trades with the Finwe Forex Robot, around 15 per day. This is interesting considering the average trade is held for 20 hours but perhaps the statistics are showing those average holding times due to some trades that were exceptions to the rule.
Finwe Forex Robot Back Testing
There are no back tests form the mt4 strategy tester included on the Finwe Forex Robot official website but we can overlook this as there are real verified by FxBlue results being shared that show its impressive performance since inception. You can of course back test in the mt4 strategy tester should you purchase the Finwe Forex Robot and have the knowledge to do so. You never know, you may be able to produce settings that produce better results although that being said, it is ready to use out of the box if you have no clue what I am talking about! If you do decide to get into back testing, I highly recommend Birts Tick Data Suite (TDS) for the most accurate results with real spreads, real tick data and slippage.
Finwe Forex Robot Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Finwe Forex Robot Summary
Overall, there is not much detailed information provided on the Finwe Forex Robot but we can see from the statistics on the real account that it is indeed a good earner so far. The fact that in just a few months it already has gains of over 200% shows that there is huge potential there. The stop loss is tight and risk reward reasonable. There are full instructions included for a quick and easy setup whatever level of forex trader you are. Full support, free updates and a money back guarantee is included.