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 of the best 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 trend movements by analysing 8 time frames consecutively. By checking the trend across the low, mid and long-term time frames, it tries to find the overall trend.
Not enough traders check multiple time frames in my opinion and what may look like a good trend on one time frame could be moving in a completely opposite direction on another.
Confirmation from multiple time frames 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. This could also have given an idea of the historical performance but of course would be no guarantee of future performance
HAS MTF Forex Robot Live Results
HAS MTF Forex Robot Summary
The strategy implemented within the HAS MTF Forex Robot is based on trend trading and thus requires certain market conditions on the correct currency pairs. The multi time frame analysis is a useful feature and the combination of technical indicator anlaysis helps to filter the signals it produces.
The Forex Robot Traders team do share updated results on the official HAS MTF Forex Robot website although I would personally prefer if these results were verified with myfxbook or FX Blue for extra peace of mind. 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.
The HAS MTF Forex Robot comes with instructions, support, updates and a money back guarantee.