In this post I will be reviewing the Worthy FX TRADER automated forex trading system developed to run in the MetaTrader 4 trading platform (mt4). MetaTrader 4 is the most popular and widely used forex trading platform provided by most good forex brokers worldwide. Mt4 is free to download and you can get started with a demo account to test your manual forex trading skills and also to run forex robots before going live. Worthy FX TRADER is a forex robot which means that it will place and manage trades for you. There is a verified by FX Blue real live account running Worthy FX TRADER which at the time of me writing this review is showing around 160% profit in around 4 months. Whilst those are good returns, we would ideally like to monitor the Worthy FX TRADER performance over a longer period of time although in saying that, the win rate is 80% and the drawdown just around 2%.
Worthy FX TRADER Trading Strategy
According to the Worthy FX TRADER developer, Worthy FX TRADER can be used on any timeframe although they recommend higher timeframes such as the 1 hour charts and above. These timeframes tend to have less noise and give the trader a clearer idea of the trend so as not to get caught up in a ranging market, unless of course you are using a range based forex trading strategy. Worthy FX TRADER places a stop loss and take profit for you and according to the developer can be run on any currency pair. I prefer to trade major currency pairs such as the EURUSD and GBPUSD simply because they have the most liquidity and thus lower trading costs, saving money on spreads and commissions whilst having less slippage. Therefore, it is ideal to use a good ECN forex broker with any forex robot or manual forex trading system. Despite saying this, the developer is running Worthy FX TRADER on the EURGBP currency pair which seems to be performing well (so far!!) judging by the shared FX Blue verified account.
Worthy FX TRADER Back Testing
There is a back test shared on the Worthy FX TRADER official website although it has not been conducted with real spreads, real slippage, real commissions and real tick data. Back tests for most accurate results should be done using Birts Tick Data Suite (Birts TDS). The back test shared is also on the EURGBP which suggests this is the most recommended pair by the Worthy FX TRADER developer.
Worthy FX TRADER Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Worthy FX TRADER Summary
Overall, whilst performance has started very well, it is perhaps too early to give a clear judgement on the longevity of the Worthy FX TRADER forex robot. Perhaps when you are reading this review, there will be a more sustained period of results available for you to see if performance has continued and to compare to the statistics shared within this Worthy FX TRADER review. Worthy FX TRADER does include instructions, support, updates and a money back guarantee.