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FX Track Pro is today’s robot to review.
We’re not surprised by this site design because it’s a common one for Forex Store’s powered EAs.
Detailed Forex Robot Review
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- The robot trades automatically without the need for human interactions.
- It works on the MT4 and MT5 platforms.
- It can make big profits trading with low risks.
- The EA works with many currency pairs simulational.
- The system places Stop Loss and Take Profit levels.
- It can close deals that are going to become unprofitable.
- The robot can be run on any broker.
- Lot Sizes are calculated automatically by the system.
FX Track Pro Strategy Tests
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There are many backtests for each currency pair. It’s GBP/USD one the H1 time frame. It united data from 2017 until April 2020. The modeling quality was 90.00%, with the lowest for backtesting spreads (3 pips). An initial deposit was $1000. The total net profit has become $6M. The maximum drawdown was insane and unfriendly to the account balance – 45.50%. The EA closed 696 trades. Short positions win-rate was 61%, Longs – only 50%.
Real Account Trading Results
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There are three accounts on the presentation: USD/CAD, EUR/USD, and all together.
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It’s the USD/CAD one on FXOpen. The robot trades automatically without leverage on the MetaTrader 4 platform. The account has a verified track record. It was created on June 19, 2020, and funded at $1000. Since then, the absolute gain has become +262.73%. An average monthly gain is 25.75%. The maximum drawdown is high as well – 30.54%.
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The robot traded 74 deals with 1115 pips. An average win is 46.85 pips when an average loss is -70.75 pips. The win-rate for Longs is only 63%, when for Shorts – 84%. The average trade length is two days. The Profit Factor is 2.51.
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The Longs direction has brought $1603 of profits when Shorts only – $1024.
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There are little trades that were closed to say something for sure about favorite hours to trade.
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Monday, Thursday, and Thursday are the favorite days to trade.
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The account is run with sky-high risks to the account balance. There’s a 41% chance of losing 10% of the account balance.
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As we can see, the EA sets big SL levels and uses aggressive (x8 times) martingale to recover.
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Nowadays, the EA is almost a scam. You can see how its profitability went down.
Pricing
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There are two packages that vary by the number of symbols we can trade: Standard and Super. The Standard pack costs $325 and allows trading EUR/USD, GBP/USD, and USD/JPY. The Super pack costs $445. We can trade the next currency pairs: EUR/USD, USD/CAD, GBP/USD, EUR/JPY, USD/JPY, and CHF/JPY. All of them are featured by allowing changing accounts without restrictions, MT4 and MT5 versions of the EA, free and lifetime updates, and support. There’s a 30-day money-back guarantee if we buy the EA through Forex Store.
Customer Reviews
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Forex Store gave an R-rates for both packs. From them, we know that EA can be used on NFA-brokers.
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The product has its page on Forex Peace Army, but there are no comments.
FX Track Pro is a scary robot that uses Grid and Martingale strategies on the high-risk account. Its profitability seriously went down for the last several months.
We’re not sure that the EA will be able to close December 2020 in a profit. Now, the best option is to watch its performance for several more months.
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