Today I’m reviewing a new Forex robot that’s been built to revolutionize the entire automated trading industry, Forex Quant EA. The creators of the system claim that they’ve tapped into a genius neural net development strategy that’s help them put together a unique algorithm. This definitely comes across like a bit of mumbo-jumbo, but I’ll certainly dig in deep to see if there’s any elaboration to these highly technical terms.
At this point in time, there is no information on the development team or their location. It is unknown whether or not the creators of this system have any experience in the Forex market. To get in touch with the support team traders can email firstname.lastname@example.org.
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Forex Quant EA Review
While we aren’t introduced to the creators of the Forex Quant EA, we are told that this innovative strategy is developed by a Forex trader with 10 years of experience. Hopefully, over time the creators of this product provide us with more information on this trader so that we can check this box and gain more confidence.
The EA utilizes money management, trades multiple currencies and uses something referred to as a “Nama algorithm.” According to the sales page, the system consists of over 5000 lines of code, trades frequently and focuses on being as precise as possible.
There are a few bullet points throughout the website, but there is nothing in depth on the trade logic. It’s really a mystery as to how this system works, so hopefully the trading results section of this review helps provide more clarity.
- Type: Forex Robot
- Price: $199
- Strategy: Undisclosed
- Timeframe: M15
- Pairs: EURUSD, GBPUSD
For $199, traders get access to the Forex Quant EA, as well as a bonus asian scalper which uses a range breakout strategy to scalp the markets when they are the most quiet. There are no trading results, outside of back tests for this system.
The vendor is currently providing us with a single my FX book account that is been running since early August. During this short period of time, the software has gained just over 40% while accumulating a drawdown of just over 20%. The sample size is still very small, so it’s difficult to decipher the longevity of this trading system, but what we do see so far does give us hope that there is potential here.
The risk reward ratio is solid with the average Forex Quant EA win being 18 pips, and the average loss being 17 pips. The average trade length is over 15 hours, so you can expect trades to be held open for significant periods of time.
There really isn’t much negative to be set at this point in time. The trading results look impressive, but they need at least 3 more months of testing before we can start to take this seriously. Sample size is always very important when it comes to Forex expert advisors, because strategies can be built to match current market conditions easily. It is not easy however, to build system that can adjust to long-term market outlooks.
My position with the Forex Quant EA is still undecided. There are certainly quite a few elements that I appreciate, including the impressive three-week my FX book account. With that being said, the creators need to do a better job at providing more detail about their strategy, and telling us who they are. Our best course of action is to wait and watch as the system continues to develop over time. With just a couple of weeks of trading data, it’s too soon to use the system on live accounts.
Please let me know what you think about the software by leaving your comments and questions now.
Uses Martingale and Grid. Still can’t find settings that would manage to overcome 2015 crisis on GBPUSD. Every time it blows account in back test.
Requesting refund has not meet my expectations
Sorry to hear that Daniel.
Hi looks good i am also giving it a go will see what happens
did you try it?
I’ll give it a try if there a 60 or even 30 days money-back guarantee.