In this post I will be reviewing the Forex inControl automated forex trading system. This is a trading system developed for the MetaTrader 4 trading platform that runs fully automated placing and managing trades for you. It is a complete set and forget trading solution with no manual intervention required on the traders behalf. There is no prior trading experience required to use the Forex inControl forex robot as it comes with detailed instructions for a fast and easy setup.
Forex inControl Trading Strategy
As the name suggests, Forex inControl aims to control the drawdown on your trading account by entering into established trends across 4 different currency pairs. This gives diversity to your trading portfolio and spreads the risk out. You are able to specify your maximum acceptable drawdown within the EA settings.
The pairs that Forex inControl trades on are GBPJPY, USDJPY, AUDUSD and EURGBP. Whilst these pairs do not have the liquidity of majors such as the EURUSD and GBPUSD pairs they do have relatively low spreads and plenty of volume most of the time.
You are free to optimise and run Forex inControl on other currency pairs should you wish and have the experience to do so – otherwise it is ready to use straight out of the box with the default settings.
There are 3 trading modes you can choose depending on your trading style – conservative, normal and aggressive.
Forex inControl Back Testing
The Forex inControl website includes some back tests going back 11 years. The modelling quality is only 90% which means that the results are not as accurate as they could be. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage. Tick data would have been ideal to achieve 99% modelling quality.
Forex inControl Live Results
Forex inControl Summary
Forex inControl is an automated forex trading system that has diversity by trading multiple pairs and is flexible depending on the requirements of the individual user. It comes with full support, licenses, updates and a no questions asked 30 day money back guarantee.