Pro Forex Robot Review
Review Summary
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What we thought
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Ease of Use | 5/5 |
| Speed | 5/5 | |
| Results | 5/5 | |
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Website
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Price
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$97
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When I first heard about Pro Forex Robot and its various features, it sounded like a pretty good automated forex robot to me. But, does it really live up to its promises? We’ll find that out in this review. It is a completely computerized forex Expert Advisor intended for MetaTrader 4 platform that operates with the majority of brokers.
This Expert Advisor is devised to be engaged in the trade of four currency pairs such as EUR/USD, GBP/USD, USD/CHF and USD/JPY on a default time period of 1 hour. Talking about some of its advantages that I found out, the system is outfitted with money and risk management, and high spread protection. Similar to nearly all Expert Advisors for MetaTrader 4, Pro Forex Robot is quite straightforward to set up and use.
From my point of view, special attention has been given to money management by the developers of this automated forex trading system. In spite of that, Pro forex Robot derives its biggest weakness from this very feature. As far as its trading strategy is concerned, the automated forex robot is making use of the Martingale strategy that essentially stands for elevating risk as you begin to lose in the perennial hope of recovering losses with the subsequent trade. You can compare it with gambling, but that seems to be disconcerting too. The developers of Pro Forex Robot, however, have other things to say in support of this robot. They take a firm stand that money management option is employed symbolically. Then, there is no sense in making use of it. If you believe my words, it has got a very defective money management feature that will eliminate your account rather quickly. Fortunately, this automated forex system is having an option to disable it.
The positive aspect of this Expert Advisor is an excellent risk to award ratio. The independent tests performed by me demonstrated a steady use of a 1:1 stop loss to reap profits, which is a hallmark of superior trading practice.
Pro Forex Robot can be availed at a price of $97. As mentioned earlier, it supports four currency pairs. Its free update feature is quite a revelation as you can enjoy its updates at no cost for 20 years to come. There is also Clickbank’s 60-day cent percent money back guarantee. Besides one or two loopholes, Pro Forex Robot, in my opinion, is worth considering for your automated forex trading.
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