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
- 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
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
There are three accounts on the presentation: USD/CAD, EUR/USD, and all together.
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%.
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.
The Longs direction has brought $1603 of profits when Shorts only – $1024.
There are little trades that were closed to say something for sure about favorite hours to trade.
Monday, Thursday, and Thursday are the favorite days to trade.
The account is run with sky-high risks to the account balance. There’s a 41% chance of losing 10% of the account balance.
As we can see, the EA sets big SL levels and uses aggressive (x8 times) martingale to recover.
Nowadays, the EA is almost a scam. You can see how its profitability went down.
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.
Forex Store gave an R-rates for both packs. From them, we know that EA can be used on NFA-brokers.
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.