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. The Forex Warrior grid system will stay in the market 24/7 and trade long and short simultaneously with a martingale money management system. I consider this very risky. It will adjust the lot sizes and take profit levels depending on what it believes is the direction of the overall trend.
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, I would personally avoid using this particular forex robot. I find that it is too risky for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.