In this post I will be reviewing the Fx Splitter EA. This is a fully automated forex trading system for the MetaTrader 4 trading platform that has verified real account results showing gains of around 300% in total and 4% per month at the time of writing this review. It should be noted the draw down is slightly high at 40% although in 3 years of real live trading the account has yet to blow up and there has even been a $10,000 withdrawal which is a hefty 100% return on the initial $10,000 investment and the account continues to grow. When you consider using an automated trading system with such risk, it would be wise to withdraw profits as to avoid blowing the account, although that has not yet occurred with Fx Splitter. So, despite the medium to high risk it is a very profitable forex robot and relatively inexpensive to purchase. It was developed by Argo Labs who have other forex robots that I have previously reviewed including Forex Warrior and AsA Fx.
Fx Splitter EA Trading Strategy
Fx Splitter uses a basket trading forex strategy. It places individual trades during specific time intervals. Whenever a new time interval occurs, Fx Splitter can either enter/exit a trade or do nothing and wait until the next time interval. The decision made by the robot during these time intervals depends on the current market conditions. It uses a martingale system that will increase the lot size to recover from losing trades. As the amount of trades increase so do the lot sizes, until the take profit target is reached and all trades are closed. This can lead to substantial drawdowns and if the take profit is not reached can leave you with multiple orders opened with increased lot sizes. I would highly recommend fully understanding the martingale concept before running this robot and most certainly if you decide to do so use very small lots for you positions. It works on any MetaTrader 4 broker although if you do not have an account large enough for a martingale strategy then you can use a cent account. I always recommend you use a regulated true ECN forex broker for the most competitive spreads and plenty of liquidity for fast execution.
Fx Splitter EA Back Testing
The Fx Splitter website has a large amount of back tests published and has also loaded them into MyFxBook so you can give them a more in depth analysis. The results are very impressive especially when you consider the modelling quality is 99% which means that real tick data was used during back testing. Interestingly the spread used in the back tests is not shown, I would have preferred this information to have been included and preferably real variable spreads used. The draw down is high on the tests as expected with any martingale strategy but it must be said that it produced good profits across multiple currency pairs with a variety of different risks ranging from low to high. There is simply too many back test results to include in this review but you can see an example below and view them all on the Fx Splitter website.
Fx Splitter EA Live Results
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Fx Splitter EA Summary
Fx Splitter requires a certain trading personality, someone who does not mind taking extra risks for automated trading profits and preferably a trader with experience, knowledge and awareness of martingale money management strategies. The drawdowns can be high but you can still make good monthly returns and I would recommend withdrawing profits from your trading account to secure these gains. In saying that, in the years that the verified results have been published on the Fx Splitter website, it has yet to ruin the account. Just ensure you understand the risks with such a trading style as the one this forex robot incorporates as there are many other more stable and much less risky robots available – if you don’t mind taking the extra risk and using a martingale strategy then visit the Fx Splitter for information on how to download. It comes with full support, lifetime updates and an easy to understand instruction manual for a fast setup. You are also protected with a 30 day money back guarantee if you decide it is not for you.