In this post I will be reviewing the Forex Quant EA which is a fully automated forex robot developed to run in the free to download MetaTrader 4 trading platform. This is by far the most popular trading platform for forex traders and is offered worldwide by nearly all forex brokers. Running on a real trading account for a good few months at the time of this review, the Forex Quant EA has generated almost 100% in profit with an average of around 30% per month and an acceptable drawdown ratio. You can of course use smaller lots if you want less drawdown or if you do not mind the extra risk you can generate even more profit by using larger lots than those used on the developers account. You may want to check my best forex robots results table to see the latest results of this potentially great forex robot that is doing very well thus far.
Forex Quant EA Trading Strategy
The Forex Quant EA is a set and forget automated trading system. Like most forex robots you simply attach it to your charts in mt4 and it will do all of the trading for you. It trades 2 of the most major currency pairs in the EURUSD & GBPUSD. This is advantageous as these pairs have the most liquidity and lowest spreads which means that you get lower trading costs and provided you are using a reputable good true ECN forex broker you will also get lightning fast execution speeds. These factors increase your trading edge! The win rate is impressive at just over 80% on average with a profit factor of 3. The risk to reward is 1:1 And whilst we would usually want a reward greater than the risk, we can be forgiving in this instance due to the high win rate. Forex Quant EA also implements a dynamic self-updating trading algorithm to ensure that it stays up to date with the current market conditions and can adapt in any trading scenario, whether that be a trending or ranging market.
Forex Quant EA Back Testing
There are some very impressive back test results on the Forex Quant EA official website. These back tests show large gains on the EURUSD & GBPUSD currency pairs and 15-minute timeframe. The drawdown is low and the win rate agrees with the real results we see published on myfxbook. There are also results from other pairs but I would recommend sticking to the major currency crosses for the better trading conditions and lower costs. You could always spread risk across more currency pairs but it may be more beneficial using the extra risk on the most reliable. One thing I would have liked to have seen would be 99% modelling quality in back testing to ensure more accurate results using tick data, real spread and slippage which can be achieved with Birts Tick Data Suite. This is what other robots such as the excellent Forex Robotron do and the results are more reliable. Despite saying that, Forex Quant EA real live results are living up to the back tests so far.
Forex Quant EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Quant EA Summary
Overall, I would say that the Forex Quant EA has very good potential and can generate you tidy profits provided you use a sensible lot size and have the discipline required to be a successful forex trader, primarily patience! It is fully customisable for those more advanced forex traders but also ready to use straight out of the box for beginners. Full instructions are included as is full support. Keep an eye on the results and where they are now and if you do want to give this unique forex robot a try, you are covered with a 60-day money back guarantee and can always run it on a demo account to test the waters. Forex Quant EA even includes a tidy little bonus in the form of an Asian scalper which you could have some fun with. Happy trading all!