Detailed Forex Fury Robot Review:
Forex Fury is a robot for automated Forex trading, which was introduced relatively recently. The developers claim that this is one of the few bots that are able to guarantee 100% profitability of trading, regardless of the fundamental factors and the state of financial markets.
Forex Fury is a fully-automated trading software developed by Rypax Inc. team which is also known for their other product – Forex Steam (read our full Forex Steam Review here).
Developers describe Forex Fury as one of the most effective forex EA on the market and that is a great solution for both novice and experienced traders. Forex robot is NFA and FIFO compatible and works with any MT4/MT5 trading brokerage that supports automated trading.
To start trading with Forex Fury, you will have to pay a lifetime license fee of $229.
Forex Fury Offering
The Forex Fury lifetime membership is available to the traders in two varying packages:
- Gold Package – Traders can get a single live account license with unlimited demo accounts and free updates for $229.99.
- Diamond Package – Two live account license are available to the traders with unlimited demo accounts and free updates for $439.99.
Payment is carried out via PayPal. You can pay with your credit card if you don’t have a PayPal account. After check out you will get a registration link to download Forex Fury and installation guide in your members area.
According to the website the vendor doesn’t provide traders with any money-back guarantee. This fact can be considered as a disadvantage.
Trading Strategy
Forex Fury trading strategy is a combination of time restriction and scalping approach. Robot opens all trades within 1 hour per day while the market is lacking in volatility. This strategy can work stably and be profitable on multiple currency pairs.
This adviser does not force the user to interfere with the settings.
However, you can set your own lot size, limit the loss, choose the days in which to trade, etc.
Many users who have already managed to acquire this adviser complain about the lack of a description of the built-in algorithm, which raises a number of questions and objections.
In practice, it was possible to make sure that this Forex robot is a scalper that trades at a specific time, during the closing of the American trading session. The task of the robot is to close the transaction when receiving even a small profit of up to 5 points from a single order. To do this, set the Stop Loss (in automatic mode, the user may not engage in changing the basic settings). If the asset price does not move in the predicted direction, then the transaction is kept open long enough. Since Take Profit is set in a larger range. This is done to ensure that losing trades are not closed even with the slightest price deviation on the chart. It is worth noting that the broker’s spread size plays a big role in the final result of trading. Traditionally, a large commission on transactions eliminates any profitability in the scalping system. Therefore, choose a forex broker who has a minimum spread for the most volatile currency pairs.
After conducting a series of our own tests, and examining the real responses of traders using this trading system, we highlight all the advantages & disadvantages of this forex robot.
Forex Fury Trading Results
Since the development of this robot, all trading results from various types of accounts can be traced. Generally, the results of the work of the adviser are positive. On the charts from the portal Myfxbook you can`t see a significant decline, which would lead to a complete loss of the deposit.
According to the base charts, the annual yield is about 80% of the initial deposit. But with the formation of ideal conditions. Newbies in reviews often complain that the final result differs from that indicated on the developers website for the worse. Therefore, it is really worth counting on a maximum of 50-70% per annum.
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