Fex Autotrade is a new automated trading system that hope to elevate the trading performance of their clients. The developers of the software tell us that this is the “most long-awaited and requested product for Forex traders.” I’m not sure who is requesting this product because the developer doesn’t exactly identify himself so I can’t verify the validity behind these statements.
Today I’ll be providing review and letting you know if this new Forex robot is likely to meet the expectations of the Forex robot nation readers.
Fex Autotrade Review
At the top of the webpage we see that the Fex Autotrade software is being promoted using a back test of one year and 5 months. I’m at the point now where I prefer live testing and the only back tests that really interest me are in the 5 to 15 year range. The problem I have with this back test is that the modeling quality is only 90% which allows too much room for error. Another issue that I have with his back test is the fact that the sample size is so small. We can see that the back test starts last year at the beginning of February, now if I purchased this software and back tested it do you believe that I would find the January of that same year was an awful month. It probably was and that’s why they haven’t included it in the back test.
As I scroll down the website I find screenshots of trading results from a few months ago using the Fex Autotrade robot as well as a my FX book account. While the my FX book accounts look impressive originally if you take a closer look you will see that these accounts haven’t been in operation in quite some time. They had a test done by best EA robots which stopped in late 2014 and their own test seems to have stopped in early 2013. I’m not sure if these accounts blew up but I’m really not sure why they are marketing old accounts the no longer provide any sort of value.
I won’t be able to recommend the Fex Autotrade software to the Forex robot nation community. There are quite a few red flags here in the fact that their results are old and no longer running is a major one. I’m going to send an email to the developers of the software to see what has happened with these accounts and if they plan on adding new accounts soon. That being said, if you want to leave a comment with your experiences or your thoughts on this product please get the ball rolling now. Thanks for coming to Forex robot nation and I hope that this review helps you make the right decision.