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Forex Robot Trader : User Reviews    Sticky Review Notes for Forex Robot Trader Notes
Avg. Customer Review (3.6 Stars): 3.5 Stars
Number of Reviews: 9

Product Description

Forex Robot Trader is an 100% automated trading system running on Metatrader 4 platforms. Below is a list key features that this trading system supports:

- Automatically searches for counter trends between the monthly and 5 minute timeframes.

- User adjustable to set to trigger on closed or unclosed candles!

- All TP and SL are invisible to broker. (no hunting allowed).

- Trailing stop loss feature is available.

- Automatically detects when market changes from trending to ranging and switches into a different mode using pre-determined settings to trade the new market effectively!

- Ability to take full profits when TP target is triggered with color change based on choice of timeframes.

- Broker spread widening detection option to halt entries if spread widens by "x" pip amount.

- Its been stated on their website, it hasn't lost a single trader since 1.5 years. Check out their performance data!
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User Review

Missleading EA, June 16, 2008
Reviewer: Disappointed and no reund! from VA - See all reviews by Disappointed and no reund!

1 Star
4 of 5 people found this review helpful

This EA has a nice setup but isn't a dependable EA.Don hasn't had a loosing trade for 1.5,because he forgot to mention in the advertisement,that trade's can stay open for week's,month's or longer.If a trade is not closed then it isn't a loosing trade,so that's the catch.With the default setting's that you get with the robot are not profitable.You have to work with the setting and the back testing is not reliable.This robot is possibly a good indicator,but I wouldn't put it on a live account and let it trade unattended like Don designed it to do.I know how to work a computer and change the setting of this robot.I even went by Don's posting on his blog site about different setting's and other member's also.But I never got a reliable setup to let this robot control a live account.You can get the (heiken-ashi-smooth indicator) free from mt4 site.Save yourself $200 and work with the free indicator's fisrt until you get a good understanding of forex.If you buy you won't get a refund period.

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