ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor 
Today we are looking at a new trading system, EverTech Forex Robot. The developers of this software believe that they have figured out how to trade the easy way. They offer the market the ability to maximize earnings while minimizing effort.
The sales page for this product pushes the idea that traders can earn straightaway because their robot constantly updates to market conditions and delivers the best results.
Contents
EverTech Forex Robot Review
The developers of the EverTech Forex Robot believe that their product works no matter what the market is doing, and that’s their consistent message. They tell us that “If you want a Forex robot that generates an income no matter the market conditions, then EverTech Forex Robot is the perfect solution.” Considering how frequently they discuss their ability to keep up with market conditions, it would be nice to have some sort of explanation on this technology and why they claim it’s so different from the rest of the marketplace.
Details:
- Type: Forex Robot
- Price: $179 Enterprise, $299 Professional, $1499 Unlimited
- Strategy: Not disclosed
- Timeframe: Not disclosed
- Pairs: EURUSD, GBPUSD
Trading Results
We haven’t been able to find any real client accounts running EverTech Forex Robot yet, but there is a vendor account on FXBlue. We do prefer my FX book, but we won’t hold that against the developer.
As we look at the results today we can say that the software is providing the vendors with an 8.1% weekly return over the past 64 days. This is not a large sample size by any means but the results so far do look quite impressive.
FX Blue – free tools and services for FX and CFD traders
The software does hold quite a few trades open at a time. As of right now, there are 12 orders open, and 11 of them are floating losses. This doesn’t mean that they won’t become profitable over time, but some of them have been open for over 2 days already.
The winning percentage for each pair is between 62 to 65 and the majority of wins are around the 20 pip mark, with losses ranging from 3 to 30 on average.
Conclusion
There is still a lot we need to learna bout the EverTech Forex Robot before we can give it anything higher than a 3 star rating. Firstly, it would be good to see some real client accounts to see if they match up with the vendors results. Also, it would be very beneficial to let this account run for 2 to 3 more months to see how it does in the long term. As we are sitting now it 2 months, this robot still has a lot to prove.
Please feel free to leave a comment showing us your trading results or anything else you would like to share. Thank you for spending your time with us here at Forex robot nation and please email us anytime if you need help trading are picking the right robot for you.
I have this EA on my account since March 2017.
Default setting, it starts with 0.02 lot in the calculated direction for 20 pips. If it goes wrong then adds another 0.02 lot in same direction and puts TP in a profit area.
But after 2nd position it increases the lot size by 1.3 factor and continues adding positions until an enough pull back for hitting the TP.
The pros is it takes good advantage of market fluctuations, regardless of news and direction.
The cons is in the sharp & big moves when you are against the trend, it can be dangerous to add the number of positions and even worse, to increase the lot size!…. As Staffan mentioned, it blows your account.
It works on all pairs, but you need to know the behavior of every single pair and adjust the parameters separately.
According to my experience, 35 pip TP covers the ups and downs better.
After EURUSD and GBPUSD, I can say EURCAD, GBPCAD and USDJPY have the lower risk and better profit.
Generally speaking I dont recommend this EA!
My account is still negative…..
Well this EA did some good trades for a while and then almost blew my account last week. And a week later, this week, it blew my account trading the GBPUSD. It is just adding up larger trades to rescue the bad trades it once started. But after something like 12 or 13 open trades the account couldn’t cover up the lost anymore. Very large drawdowns.
Thanks for sharing Staffan.