FX LUCKY PRO is a recently launched Forex EA that promises to always close trading positions in absolute profit. It has a unique algorithm that allows it to trade during various sessions, thus enhancing the profitability to a great degree.
The company behind this expert advisor claims to provide superior results for Forex traders, but can you really trust the system to do that? In order to find this out, we need to evaluate each and every aspect of this Forex EA in detail.
Detailed Forex Robot Review
This Forex EA was developed by an unknown person using a Gmail address. The presentation on the official website is nothing spectacular, but they have provided us with backtesting data and live trading results. We don’t know anything about what kind of trading experience the developer and his team have, who they are, or where they are located.
While the lack of vendor transparency is disappointing, we do have an online contact form through which we can write to the FX LUCKY PRO team. A phone number and an email address are also provided. That being said, this is a fully automated Forex robot that provides high-quality customer support 24/7.
Using its unique algorithm, this system identifies the best trading opportunities by scanning the market. You are recommended to adjust the risk settings to protect your account balance against potential losses. The minimum account balance is $200, and you should first try this Forex EA out on a demo account before placing trades in the live market.
FX LUCKY PRO Strategy Tests
As per the information on the website, FX LUCKY PRO uses a scalping strategy to exit most of the trading positions at the right time, thus earning optimum profit amounts. It operates based on a unique logic that prevents the stop-losses from getting activated before time. Thus, the positions can be closed and losses can be managed effectively, provided the prices are favorable.
It also has a customized money-management system for each user profile, based on the degree of risk they are willing to take. FX LUCKY PRO avoids placing trades in volatile markets where the prices fluctuate sharply, thus protecting the positions from broker slippage.
The vendor has provided us with backtesting data for a 5-year period. Here, we can see that the Forex robot carried out trades with the AUD/USD pair on the H1 timeframe. With an initial deposit of $300, the system managed to generate a total profit of $124714.35.
During these 5 years, the robot placed 434 trades, out of which 405 were won, thus bringing the percentage of profitable trades to 93.32%. The profit factor of 43.80 is quite high, while the maximal drawdown is a low 12.42%. Moreover, it has won 93.63% of short positions and 93.04% of long positions, and all of these tell us that the system is certainly capable of generating consistent profits.
Live Account Trading Results
FX LUCKY PRO provides us with live trading results for a real RUR account. It has a total of 122 days of trading history where it has earned a total profit of $5864.30 from a deposit of $2108.43. The monthly, weekly, and daily returns for this account are 52.92%, 10.64%, and 2.04%.
As we can see, this account has an incredibly high trade win percentage of 94.9% and a high profit factor of 241.16. It places 0.3 trades per day and has a peak drawdown of -0.3%. Looking at the trading results, we also get information about the risk/reward ratio, which stands at 4.61. However, it can also be seen that the account has suffered some losses recently, although this is no cause for alarm.
Pricing
FX LUCKY PRO offers two pricing packages, namely Basic and Standard, and these cost $107 and $127 respectively. Both of these are lifetime plans and have the same features, with the only difference being that the Standard package offers 2 real and 2 demo accounts, whereas the Basic package offers only 1 for each.
Customer Reviews
Considering the fact that this Forex EA provides live trading results and backtesting data, we were hoping to find some customer reviews on websites like Trustpilot and Forexpeacearmy, but we were disappointed. The lack of user reviews certainly raises some questions about the system’s reputation and reliability.
In the end, we would like to say that we have mixed feelings about this Forex EA, so we cannot help but take a neutral stance.
While the live trading results and backtesting data show profitable trades, it is quite unusual that the vendor has not provided any information about themselves.
The lack of user reviews tells us that it is too soon to pass a judgment on this system.
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