In this post I will be reviewing the Forex Warrior forex robot. Forex Warrior is a 100% fully automated forex trading system for the MetaTrader 4 trading platform. You receive the software as an instant download and can be setup and running in just 5 minutes by following the easy to understand instruction manual. This forex robot is suitable for any trader regardless of your level of trading experience. However, this is a dangerous grid based strategy so please proceed with caution!
Forex Warrior Trading Strategy
The Forex Warrior forex robot is a grid trader so may only be suitable for you if you understand the risks involved with grid trading. That being said, it is a very profitable grid strategy when used correctly and has real live accounts verified by MyFxBook showing some good returns on investment – fully automated. I am not a fan of grid systems myself but if I was to use one then this would be my choice as it seems relatively safe and certainly has good returns. Returns are around the 200% mark at the time of writing this review. The Forex Warrior grid system sees it stay in the market 24/7 and trade long and short simultaneously with a martingale money management system. Again this can lead to 100% win rate and fantastic gains but it can also be risky. If not used correctly. It will adjust the lot sizes and take profit levels depending on the direction of the overall trend. The aim is to maximize profits whilst minimising drawdowns as with any automated forex trading system but even more so when using grid/martingale bases strategies. Forex Warrior does have built in safety features so you can control risk according to your preferences and to protect your account. You could even set minimal risk and still make decent profits with this forex robot.
Forex Warrior Back Testing
There are plenty of back tests on the website on multiple pairs. The back tests only use 90% modelling quality and for some reason a spread of just 0.2 on all pairs which is not accurate at all. These factors are very important especially when it comes to a grid strategy. Take the back tests with a pinch of salt and if you are looking at this forex robot you should judge it based on its current live performance. I have only included one back test in this review as they all look almost identical. You can see the green dips in equity which would have been risky times and the grid increasing positions. However, it didn’t blow any of the back tests up but beware of draw downs.
Forex Warrior Live Results
Forex Warrior Summary
Overall this forex robot can make a good amount of profit but it is at a risk with the fact it is a grid strategy. However, you can take confidence form the fact that Forex Warrior has been profitable on real accounts over a long period of time live trading. Please be careful and understand the risks with grid strategies. They can be very profitable but usually at a price! You can view these results and get more information on the Forex Warrior website.