In this post I will be reviewing the TSFX forex robot. The first thing I will point out and make clear from the start is that this is a forex robot that uses a martingale based money management system. Now this is not a style for everyone as they are very dangerous. Martingale systems will basically increase the trade position size (lots) if there is a loss in order to recover the loss and make profit. Of course, when there is a sequence of losses this can get real risky. Other than that, TSFX is a forex robot for the free to download MetaTrader 4 trading platform that you will need a forex broker in order to use.
TSFX Robot Strategy
TSFX uses a mathematical algorithm of two martingale money management systems in one, based on closing open orders from the account balance. The group of developers of this strategy integrated the most appropriate algorithm – of course this is not always the case but that was the aim.
Internal martingale works to maximize trades, depending on the percentage of the risk taken, while external martingale balances and limits internal one from large internal drawdowns and opening of branches of large orders. What this basically means is that the TSFX forex robot will try to make up for the fact that it uses a martingale system by using another martingale system. Again, not a style for everyone as it is very risky.
It trades the USDJPY currency pair which can be considered a major forex currency cross which usually has plenty of liquidity and competitive spreads.
TSFX Robot Back Testing
There are no back tests being shared by the developer.
TSFX Robot Live Results
TSFX Robot Summary
As mentioned numerous times in this review, TSFX is a martingale money management system forex robot. Now, if you do not know what this means or the risk that it entails then my honest opinion would be to look elsewhere for another forex robot. Furthermore, TSFX does come with a trial, detailed instructions, full support and a money back guarantee.