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. It can place and manage trades on behalf of the user.
In order to use this forex robot, you will need a trading account with a forex broker. 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.
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. This is way too dangerous for my tastes.
On Control EA Back Testing
There are no back tests on the On Control EA official website which is disappointing.
On Control EA Live Results
On Control EA Summary
Overall, I would personally avoid using this particular forex robot. I find that it is too risky for my personal taste. I have conducted many forex robot reviews and there are alternative options that I would prefer over this EA. It does however come with instructions, full support and a money back guarantee.