In this post I will be reviewing the RealCashBot developed to run in the popular and free to download MetaTrader 4 trading platform. RealCashBot is a fully automated forex trading system designed to be used by novice and advanced traders. You follow the instructions provided to setup RealCashBot on your demo or real mt4 trading account, select the lot/risk size you want it to trade with and it places then manages trades on your behalf provided you leave mt4 running. At the time of writing this review, the RealCashBot has made some decent gains on a real verified by FX Blue trading account with a total of around 160% which works out around 3% per month since it commenced trading. All of this has been achieved with a relatively low drawdown of 16%.
RealCashBot Trading Strategy
RealCashBot trades on multiple currency pairs which are: EURUSD, USDJPY, USDCAD, EURAUD and EURSGD. The majority of these are considered major currency pairs so will have good spreads and low slippage provided you use a good ECN forex broker. This will also help to lower your trading costs. You may wish to trade all or a select number of the currency pairs. Just be sure to spread your risk accordingly. RealCashBot will work on any account type with any leverage, always try to trade within your means and never risk what you cannot afford to los as there is always an element of risk involved with forex trading. RealCashBot includes an advanced money management system and claims to work well through multiple market conditions.
RealCashBot Back Testing
There are back tests on the official RealCashBot website that have been conducted in the mt4 strategy tester although they do not use real tick data, real spreads, real slippage and real commission. I would like to see the RealCashBot done in Birts Tick Data Suite for a more accurate interpretation of the historical performance.
RealCashBot Live Results
Overall, RealCashBot seems acceptable on the surface but I would recommend to test it on a demo first if you must and also use minimal lot sizes to test the water. Whilst it is still too early to give a fair and accurate judgement of the RealCashBot, the potential is there. Full support, free update, instructions and a money back guarantee are included.