In this post I will be reviewing the On Control EA which is a fully automated forex robot that trades in the MetaTrader 4 trading platform. The real verified by myfxbook trading results of the On Control EA at the time of writing this review are very impressive. The gains are into the hundreds of % in just a few months although the drawdown is quite high. This could be counteracted by using a smaller lot size if it is too much risk for you. That being said, the results speak for themselves so checkout the latest performance of the On Control EA on my best forex robots page and hopefully it hasn’t blown the accounts!
On Control EA Trading Strategy
The On Control EA is based on building ultra high speed forex trading systems (100% automated) for many years. The On Control EA was developed by a team of mathematics experts who claim to take automated trading very seriously and of course, look at trading from a mathematical point of view. There really is limited information available on the strategy used but I am pretty sure it is a martingale money managment system where lot sizes are increased to try and recover losses, so please make sure you are happy with such a risky trading style before trying this one. As you can see from the real accounts, results are good but all it takes is one trade in the wrong direction and the account can dwindle, rapidly. When using a forex robot such as this one, it is imperative to use a reliable ECN forex broker with low spreads and fast execution, this will give you the bets chance of getting orders filled at the best possible prices.
On Control EA Back Testing
There are no back tests on the On Control EA official website but we do have real live myfxbook verified accounts to refer to.
On Control EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
On Control EA Summary
The On Control EA can no doubt produce very big gains but it does come at the risk of using a dangerous trading strategy. There is nothing wrong with that as many traders are happy to take the higher risk for higher rewards. It comes with full support, updates and instructions for a quick and easy setup.