In this post I will be reviewing the Forex Fury forex robot for the free to download MetaTrader 4 trading platform. This automated forex trading system is suitable for any level of trader as it includes detailed instructions and support to ensure that you can have it up and running on your forex trading account. From then, it will do all the trading for you, analysing the market for entry and exits as well as managing your trades. As with many forex robots you may want to start using it on a demo account first in order to familiarise yourself with how it trades.
Forex Fury Trading Strategy
The Forex Fury robot trades around 5-10 times per day depending on the market conditions. Forex Fury is NFA/FIFO compliant and has been designed to run on the GBPUSD currency pair. The GBPUSD is considered a major currency pair thus usually has plenty of liquidity and some of the lowest spreads. I would always prefer to use a regulated ECN forex broker for the best possible trading conditions.
Forex Fury Back Testing
The 15 year back test on the Forex Fury website but unfortunately we are unable to view the detailed statement for a more thorough analysis on the statistics such as draw down, profit factor, win rate, etc. We are also unable to verify the modelling quality and spread used as well as to see if commissions, swaps and slippage were included in the back tests. These are important things to consider when reviewing a back test as it is important that they are done in the best possible conditions within the MetaTrader 4 strategy tester – I would use Birts Tick Data Suite for the best possible back testing conditions.
Forex Fury Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Fury Summary
Overall Forex Fury can have large drawdowns at times so is aimed at the forex trader who does not mind taking a bigger risk. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does come with full detailed instructions, full support, free updates and a money back guarantee.