In this post I will be reviewing the Funnel Trader Forex Robot. This is a fully automated forex trading strategy for the MetaTrader 4 trading platform. Full detailed instructions are included so even the beginner traders can be setup and running the Funnel Trader forex robot in minutes. Once setup it is completely hands off and fully automated, you don’t need to do anything else.
Funnel Trader Trading Strategy
Funnel Trader analyses forex currency pairs for market patterns based around price action analysis, entering and exiting trades for you. The trading strategy is based on short term market trends. It trades multiple pairs at the same time so that the trading portfolio is diversified.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Funnel Trader Back Testing
Back testing results are not published on the Funnel Trader website. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Funnel Trader Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Funnel Trader Summary
The Funnel Trader is uses a trend following strategy on multiple currency pairs which gives diversity. You get free support, lifetime updates, instructions, preset files and a 60 day money back guarantee. There is also a trial version available for you to test Funnel Trader and decide if it is suitable for your trading style. Visit the Funnel Trader website for instant access.