In this post I will be reviewing the forex robot for the free to download MetaTrader 4 trading platform called, Forex Impulse Trader. Now, impulse trading for manual traders is not always advised as it can lead to rash mistakes and angry trading, neither of which will often give good results. However, you do not have to worry about manual trading with the fully automated Forex Impulse Trader which will place trades on your behalf, manage them and exit them, hopefully with profit. Judging by the recent myfxbook performance of the Forex Impulse Trader, it does make stable profits. It is not an aggressive forex robot but rather plays it clam and safe which will suite some trading styles.
Forex Impulse Trader Trading Strategy
The Forex Impulse Trader places 2 orders at the same time when it sees a good opportunity to do so and will place 2 different take profit levels to maximize profits. Forex Impulse Trader trades on 6 currency pairs on the m15 timeframe. The pairs that Forex Impulse Trader trades can be considered major currency pairs thus having plenty of liquidity for low trading costs when using a good ECN forex broker.
Forex Impulse Trader Back Testing
There are a good range of back tests on the Forex Impulse Trader official website that are worth checking out. They show consistent gains over 8 years on multiple currency pairs with little risk required and low drawdowns. I would however like to have seen 99.9% modelling quality tests using Birts Tick Data Suite.
Forex Impulse Trader Live Results
Forex Impulse Trader Summary
Overall, the Forex Impulse Trader is a quiet yet so far profitable forex robot based on the live verified account performance. It has good diversity and can be customised to suite your individual trading requirements. Also comes with instructions, support, updates and a money back guarantee.