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 traders of all experience levels. 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.
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 usually have tight spreads and low slippage provided you there is a good ECN forex broker being used. You may wish to trade all or a select number of the currency pairs.
RealCashBot will work on any account type, always try to trade within your means and never risk what you cannot afford to lose as there is always a significant element of risk involved with forex trading online.
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, this forex robot can analyse currency pairs and place trades for you but it does have some limitations. I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. It does come with instructions, support and a money back guarantee. 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.