In this post I will be reviewing the fully automated XXL Forex Real Profit Robot that has been developed to run in the free to download MetaTrader 4 trading platform. It is suitable for any level of trader from beginners to the more advanced as it is completely automated and requires NO input from the user other than the initial setup which takes just a few minutes using the easy to understand instructions that are included.
XXL Forex Real Profit Robot Trading Strategy
The XXL Forex Real Profit Robot has real live verified trading results published via the myfxbook website that shows in the few months it has been trading; it has currently made around 80% in gains with an acceptable drawdown of around 20%. It trades multiple currency pairs which are the AUDUSD, EURUSD, GBPUSD and USDCHF. The risk to reward ratio is around 1:1 which means the average loss is around the same as the average win, however the win rate is favourable at 70-80% ensuring that the winners outweigh the losers in the long run. It does not scalp so you will not have any issues with your broker and spread being too wide. Although, you should always be using an ECN Forex broker for the best possible trading conditions. The fact XXL Forex Real Profit Robot trades on some of the major currency pairs also ensures you get plenty of liquidity for execution at the best possible prices – again provided your forex broker uses good liquidity providers (LP’s).
XXL Forex Real Profit Robot Back Testing
There are no back tests on the official XXL Forex Real Profit Robot website although we have live myfxbook verified results to follow so it is not that much of problem. Should you have the skills to do so, you are also free to optimize and test this forex robot (and any other for that matter!) in the MetaTrader 4 strategy tester – just make sure that you use Birts Tick Data Suite for the most accurate results using real spreads, real slippage and most importantly tick data!
XXL Forex Real Profit Robot Live Results
XXL Forex Real Profit Robot Summary
The XXL Forex Real Profit Robot has good potential considering the detailed statistics and overall performance thus far, however please ensue you check back on my live forex robot results page at the time you are reading this review to see how it is currently performing compared to other forex robots. It does come with a money back guarantee so you can try it on a demo account completely risk free to see how it does for you. It also includes detailed instructions, full support and a license for a real and demo account – although more are available from the developer upon request.