In this post I will be reviewing the Universe Forex Robot for MetaTrader 4 which has made over 12,000% profit in recent years. The developer claims that this is the number 1 expert advisor (forex robot) and states that it has “extreme profits, stable & reliable performance”. To be honest looking at the results it is performing excellently at the moment on a live (demo) account and tick data back testing shows great results over previous years. Usually we would say that demo results are not accurate but when you consider the average win is great than 5 pips I personally do not believe this will be different on a real account provided you are using a good regulated ECN forex broker for the lowest spreads and plenty of liquidity for fast execution. Furthermore, consider it trades 2 major currency pairs in the EURUSD and GBPUSD which have low spreads most of the time in any case. The Universe Forex Robot comes with detailed instructions which make it suitable for novice traders as it is easy to setup in just a few minutes and then you leave it to place, manage and close trades on your behalf. Of course, you will need to download the free MetaTrader 4 trading platform and run it at all times so the robot can work.
Universe Forex Robot Strategy
It is safe to say that the Universe Forex Robot is a semi scalper although by no means extreme and relying on only a few pips – the average win is around 5 pips which is fine. Impressively the average loss is less than half of this which gives a very favourable 1:2 risk to reward ratio ensuring that your winning trades are not drowned out by a few losers. It has a very good frequency of trades ensuring there is plenty of action for traders who like that whilst also having a good win rate north of 50%. Draw down in over 1 year worth of trading is only 11% which is very good. This shows that the Universe Forex Robot can work in multiple market conditions as well as being diverse by trading multiple currencies. The developer states that your account is safe with the robot which appears true when you use that there is a maximum draw down feature that will stop the EA from trading if this is reached which allows you close control over the risk. There is a trailing stop to manage all trades with no martingale, grid or hedging strategies used.
Universe Forex Robot Back Testing
The Universe Forex Robot are also very impressive with tick data tests on both the EURUSD and GBPUSD showing smooth upwards equity curves with good profit and low draw down. These back tests have a good 99% modelling quality which means that real tick data was used thus the results more accurate. This is backed up somewhat by the live results that show very similar statistics to the back tests in terms of win rate, average win, frequency and much more.
Universe Forex Robot Live Results
Universe Forex Robot Summary
Overall, the Universe Forex Robot is a very impressive automated trading system that I believe has huge potential when used correctly and on a good ECN forex broker. It trades 2 of the best currency pairs which ensures you have decent spreads most of the time and plenty of liquidity. It has tick test results that show long term good performance with low drawdowns and big gains. This is backed up by the forward testing although only on demo account, I do not believe this forex robot will be completely spread dependant. Furthermore, it comes with lifetime licenses, full support, free updates and a money back guarantee. I would highly recommend trying the Universe Forex Robot before the price is increased. Even if you run it on a small cent account, the risk will be very small.