In this post I will review the FXFlightPro EA which is yet another fully automated forex trading system that runs in the hugely popular MetaTrader 4 trading platform. You can download the MT4 platform free of charge from many online forex brokers.
The platform is compatible with both Windows and MAC computers and although there are MT4 mobile apps, you will need the desktop version of the platform in order to run expert advisors (EA’s) such as FXFlightPro.
I would prefer to use an ECN forex broker as they tend to have better trading conditions in my opinion and can save on overall trading costs in the long term. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
FXFlightPro Trading Strategy
FXFlightPro can scan the charts for trading opportunities using its built-in algorithm and place/manage trades on behalf of the user. FXFlightPro has been developed to run on the EURUSD, GBPUSD, USDCHF and USDJPY currency pairs.
It looks like this EA implements a risky money management strategy that could lead to significant drawdowns and potentially a blown account given the wrong market conditions. For that reason, the trading strategy is too risky for my personal taste.
The developer of this forex robot states that is has the following minimum deposit requirements although I would only ever trade with what you can afford and feel comfortable with:
- Safe Mode Of $ 3000 ($ 300 For Micro Accounts And $ 30 For Cents)
- Normal $ 2000 Mode ($ 200 For Micro Accounts And $ 20 For Cents)
- Aggressive Mode Of $ 1000 ($ 100 For Micro Accounts And $ 10 For Cents)
FXFlightPro Back Testing
Disappointingly, there are no back tests shared by the developer on the official FXFlightPro website. Whilst back tests are not always that accurate, they can help to give potential users a rough idea of how a forex robot trades. That being said, I would like to see 99% modelling back tests using Birts TDS in the MT4 strategy tester for any forex robot if I was to consider using it.
It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance.
FXFlightPro Live Results
Overall, FXFlightPro simply does not have enough information and is too risky for my personal tastes. Whilst it may be attractive for those who do not mind using risky money management strategies.
I have reviewed many other more impressive forex robots over the years which you can see in my forex robot reviews.
That being said, FXFlightPro comes with instructions, support, updates and a money back guarantee if you wish to try it out.