In this post I will review the FX Ekspert Moving Average EA which is a fully automated forex trading system developed to run in the highly popular and widely used MetaTrader 4 (mt4) trading platform. The FX Ekspert Moving Average EA is suitable for all levels of traders as it is a set and forget trading system that will place and manage trade for you. You simply follow the provided instruction to set FX Ekspert Moving Average EA up on your demo or real mt4 trading account and let it get to work! Just make sure before running it you set a lot size that you are comfortable with an never risk more than you can afford to los because of course, trading allows carries an element of risk whatever forex trading system you are using!
FX Ekspert Moving Average EA Trading Strategy
The FX Ekspert Moving Average EA uses a unique algorithm for analysing the market for trading opportunities with multiple different risk level options to choose from to suite your risk preferences. It has a built in automatic lot size calculator whilst the developer claims that the low risk profile can generate around 20% per month and the high risk profile can generate double that at around 40%. The FX Ekspert Moving Average EA will run on any mt4 forex broker but for the best possible trading conditions it would be ideal to use a proven and reputable ECN forex broker which will give you some of the bets liquidity pools and thus potentially lower your trading costs. The core strategy of the FX Ekspert Moving Average EA is to take advantage of market volatility, but it must be said that it attempts to do this with notoriously dangerous martingale and hedging strategies which can lead to margin calls, stop outs and therefore blown accounts if you are not careful. If you are aware of the risks of such money management strategies then you will understand this but if you are not, I would highly recommend to be very cautious. The fact that the FX Ekspert Moving Average EA verified myfxbook account was recently removed could mean that the account blew up so make sure you check the latest performance on the official website. It runs on up to 9 currency pairs and includes a news filter.
FX Ekspert Moving Average EA Back Testing
There are back tests on the FX Ekspert Moving Average EA official website but as I see with many forex robots bar a select few, the developer has not used real tick data, real spreads, real slippage and real commissions. Therefore, the results as impressive as they are over a 10 year period have not considered some extremely important factors that can make the difference between a winning and losing strategy, especially one that uses martingale money management. A few pips difference in spreads / slippage could be the difference between a profitable 10 years and a blown account.
FX Ekspert Moving Average EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
FX Ekspert Moving Average EA Summary
Overall, I would personally not use the FX Ekspert Moving Average EA due to the dangerous money management techniques incorporated and the fact the myfxbook account has been removed. In saying that, if you are happy to take high risks for potentially high rewards then this may be for you. FX Ekspert Moving Average EA comes with instructions, full support, updates and a money back guarantee.