In this post I will be reviewing the Forex Armor forex robot. Forex Armor is another fully automated forex trading system that runs in the popular and widely used forex trading platform MetaTrader 4 (mt4). Mt4 is free to download and setup a demo account with nearly all forex brokers worldwide. The Forex Armor developer claims to have been developing forex robots since 2005 which would suggest that they have plenty of experience in doing so! As I write this Forex Armor review, Forex Armor has generated around 75% profit in a couple of months according to its verified by FX Blue trading account. Despite Forex Armor’s good start, we would need a lot more time to judge its performance over the long term.
Forex Armor Trading Strategy
The Forex Armor implements a strategy combining the Double OsMA and price action based signal with Zero-Martingale Averaging. It runs on the higher timeframes from h1 and above whilst the recommended currency pairs to trade on by the developer are the EURUSD, GBPUSD and GBPJPY. However, the FX Blue account running Forex Armor is only trading on the EURUSD currency pair. This pair has the most liquidity the majority of the time and thus provided you use a good ECN forex broker you would expect low spreads, low slippage and lower commissions.
Forex Armor Back Testing
There are back tests on the Forex Armor official website although not for all pairs and not with 99.9% modelling quality which we would need for accurate results. I would like to have seen the Forex Armor developer conduct the back tests in the mt4 strategy tester using Birts Tick Data Suite for more accurate historical testing conditions.
Forex Armor Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Armor Summary
Overall, despite a decent start, it is too early to judge the Forex Armor robot as we need to see the account running for much longer. We would like an idea of how the long term profits and drawdowns look. Despite saying that, at the tie you are reading this review, the results may have been running for a longer period of time so you can compare statistics and see how Forex Armor is performing at this date. Forex Armor includes instructions, support, updates and a money back guarantee.