MFM4 Forex robot is a new automated trading solution that has been built to be profitable on every single currency pair. The developer of this software is named Matthew and he claims that he has been designing this Forex expert advisor in the MQL4 programming language. One of his main successes is that he believes that commercial EA’s are too complex and overly back tested which is something he has stayed away from.
Today I will be providing a review and letting you know my thoughts on Matthew’s new Forex expert advisor.
MFM4 Forex Robot Review
The MFM4 Forex robot was built with a unique trading strategy that is not martingale or curve fit. The developer of the system believes that you can start with its little as $100 and there is no hedging required which makes this compatible with US Forex brokers. He has back tested the software four years and believes that there is no special required knowledge.
Matthew is charging $99 for the MFM4 Forex robot and on the site it says that the regular price is $249. The expert advisor works with 12 different pairs and uses the same strategy on each pair. As I collect to check out the my FX book accounts for this robot sadly I’ve come to find that the accounts has been deleted. I guess the robot didn’t turn out as Matthew had hoped and so that really puts an end to my review.
I obviously won’t recommend the MFM4 Forex robot considering the accounts for this system are no longer available. Matthew if you read this review feel free to send me an email let me know what’s going on with these results. If you don’t email me I’ll assume that the accounts busted. If you have something you would like to contribute to this review please leave your thoughts and comments below.
I ran MFM4 on my account for about 3 weeks. It produced mixed results, 3 or 4 days up (1-2% per day) and then would lose 6-8% all at once. The system would also hold trades over the weekend – if there was a gap at opening my account would have been wiped out but luckily this didn’t happen. I have asked the author some questions about setting up the EA because I was seeing different results to what he showed on his site, but my emails were ignored. I then requested a full refund (his site promises a full refund within 60 days if customers are not happy) and I was told that I was “abusing” him by asking these questions. My refund request is also being avoided now. Use this EA at your own risk!