In this post I will be reviewing the fxProud Expert Advisor (forex robot) that trades on the free to download and most popular forex trading platform – MetaTrader 4 (mt4). The fxProud Expert Advisor is suitable for both novice and advanced traders as it requires no manual trading on behalf of the user, you simply setup the forex robot on your mt4 demo or real trading account and it will place and manage trades on your behalf. Current real verified by myfxbook trading account results of the fxProud Expert Advisor show a gain of almost 300% in just under a year with a very small 6% drawdown. You should check the latest fxProud Expert Advisor results after you have read this review to see if the impressive performance has continued.
fxProud Expert Advisor Trading Strategy
The fxProud Expert Advisor is fully automated and thus requires no user intervention apart from setting it up in around 5 minutes using the provided instruction manual. The fxProud Expert Advisor mathematically finds the best currency pairs for trading at any given time. The system takes data from hundreds of possible inputs, tests the hypothesis of price fluctuation and provides outputs in terms of previous trends. There is no hedging or scalping required and for best possible trading conditions such as low spreads, low commissions and low slippage, an ECN forex broker would be ideal.
fxProud Expert Advisor Back Testing
There are a vast amount of back tests on the fxProud Expert Advisor official website for multiple currency pairs all displaying very favourable results. However, these do not have 99.9% modelling quality and thus are not the most reliable of back tests. Back tests should have been done in the mt4 strategy tester using 99.9% modelling quality with Birts Tick Data Suite – real spreads, real tick data, real slippage and real commissions.
fxProud Expert Advisor Live Results
fxProud Expert Advisor Summary
Admittedly, the fxProud Expert Advisor real verified myfxbook account performance is impressive and has been running for over a year. It would be good to see if the result continue that way. You may even test it on a demo account to begin with to familiarise yourself with how it trades but take demo results with a pinch of salt as demo trading conditions can vary greatly from live trading conditions with factors such as slippage and spreads being different. The fxProud Expert Advisor comes with full support, updates and a money back guarantee.