Forex AstroBot runs in the free to download MetaTrader 4 trading platform which you can get from most online forex brokers. You will need a forex trading account in order to trade on the MetaTrader platform and you can start with a demo trading account to begin with if you wish. This can be a good way to familiarise yourself with the trading platform. If you are looking for a forex broker, you may wish to view my best forex brokers page for some inspiration.
I would personally look at the brokers who have the tightest spreads and lowest commissions as this can help me to save on the overall trading costs in the long term. I tend to find that ECN brokers can have reliable trade execution speeds which can also help to minimise slippage and get trade positions executed at the best available prices with minimal delay, from my experience.
Forex AstroBot Trading Strategy
Forex AstroBot is fully automated which means that it will analyse the markets for trading opportunities and then place/manage trades according to its built-in algorithm. The algorithm consists of a combination of technical indicators. It also has money management, trailing stop and maximum slippage features implemented.
The developer states that Forex AstroBot runs on the M15, M30 and H1; all currency pairs. They have made some of the robot inputs externally available so you can adjust according to your own trading requirements if you wish to do so. I would personally do my own frequent optimisations on different currency pairs and time frames to ensure that the settings being used suit my trading style and adapt to the current market conditions.
Forex AstroBot Back Testing
Unfortunately, at this time there are no Forex AstroBot back tests shared on the robots official website. This is disappointing as we cannot get an idea of the historical performance and there is also no live verified trading account to see performance either.
Forex AstroBot Live Results
Forex AstroBot Summary
Overall, there is limited information available on the Forex AstroBot website for us to actually see the performance of this robot over a sustained period of time. Whilst the developer states that it can be used on any currency pair and multiple time frames, we cannot see the results to compare them. Furthermore, whilst the Forex AstroBot does have built-in money management and customisable features, there is no clarity provided on the implemented trading system.
That being said, I would certainly only use Forex AstroBot on a demo account to begin with if at all. It does include step by step setup instructions, full support, free updates and a money back guarantee.