In this post I will review the HAS MTF Forex Robot (HAS = Has Pips Alot!) that is a fully automated forex robot developed by the team over at Forex Robot Trader and trades in the MetaTrader 4 (mt4) trading platform. Mt4 is free to download from most forex brokers globally and you can start by using the HAS MTF Forex Robot on a demo account until you are accustomed with how it trades at which point you may then decide to trade with it on a real live account. I prefer to use an ECN forex broker for low spreads, low slippage and low commissions. These forex brokers tend to have the most liquidity providers (LP’s) which can help lower trading costs. The HAS MTF Forex Robot is suitable for both beginner and advanced forex traders as it is fully automated nature and can be setup in minutes using the easy to follow step by step instructions provided. You just need to set a suitable lot size depending on your account balance, leverage and risk preference whilst checking back regularly for the latest HAS MTF Forex Robot performance.
HAS MTF Forex Robot Trading Strategy
The HAS MTF Forex Robot searches for big trend movements by analysing 8 timeframes consecutively. By checking the trend across the low, mid and long-term time frames, you can increase the probability of entering in on a strong trend. Not enough traders check multiple timeframes in my opinion and what may look like a good trend on one timeframe could be moving in a completely opposite direction on another. Confirmation from multiple timeframes can be beneficial for any forex trading strategy and is a main feature of the HAS MTF Forex Robot. The HAS MTF Forex Robot uses the “Heiken Ashi Smoothed” technical indicator and the “MTF HAS Bar Lower A” and “MTF HAS Bar Lower B” indicators combined. This helps it to determine the trend and is a great barometer to judge the changing in market sentiment or change in volatility.
HAS MTF Forex Robot Back Testing
There are no back tests shared by the Forex Robot Traders team on the official HAS MTF Forex Robot website. I would use Bits Tick Data Suite (Birts TDS) to back test HAS MTF Forex Robot with 99% modelling quality using real tick data, real spreads, real commissions and real slippage. This would help decide the best currency pairs and time frames to run it on.
HAS MTF Forex Robot Live Results
HAS MTF Forex Robot Summary
The strategy implemented within the HAS MTF Forex Robot can be very powerful when used in the correct market conditions and on the correct currency pairs. The multi timeframe analysis is a great feature and the combination of technical indicator anlaysis helps to validate the signals it produces. The Forex Robot Traders team do share updated results on the official HAS MTF Forex Robot website which look very good although I would personally prefer if these results were verified with myfxbook or FX Blue for extra peace of mind. The HAS MTF Forex Robot comes with instructions, support, updates and a money back guarantee.