In this post I will be reviewing the Forex Fury forex robot for the free to download Meta Trader 4 trading platform. This automated forex trading system is suitable for any level of trader as it includes detailed instructions and prompt support to ensure that you can have it up and running on your forex trading account in just a few minutes. 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
Forex Fury was developed by a group of Forex traders with one mission which is to make a winning robot. After years of developments they claim to have achieved their goal. They now want to “share the work that they have done in order to increase their resources which will in turn allow them to make the software even more effective than it already is”. The Forex Fury robot trades around 5-10 times per day depending on the market conditions. There are verified trading results on the Forex Fury website that currently show a win rate over 90% although the draw downs are NOT ideal and actually quite high. Some traders are happy to use such a trading style as they understand the risks but others may want to look at something safer such as Forex Robotron. Forex Fury is NFA/FIFO compliant and has been designed to run on the GBPUSD currency pair. This is good as the GBPUSD is considered a major currency pair thus has plenty of liquidity for fast execution at the best possible prices and also some of the lowest spreads. Ensure as always that you are using a regulated ECN forex broker for the best possible results.
Forex Fury Back Testing
The 15 year back test on the Forex Fury website shows gains in the thousands of % 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 use as well as consider if commissions 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 recommend 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 is a decent forex robot with the potential to produce consistent long term results. However, it can have large drawdowns at times so is aimed at the forex trader who does not mind taking a bigger risk. There are only demo results and one of the accounts you will see took some big hits in previous years and has since been stopped. At the time of writing this review the newest account has started well. It does come with full detailed instructions, full support, free updates and a money back guarantee.