FX Track Pro is a brand-new robot that’s powered by Forex Store. The presentation is several pages long, but there should be at least the most important – backtests and trading results.
FX Track Pro Overview
- The robot can trade automatically.
- It works not only on MT4 but also on MT5.
- We can trade with a small account but receive significant profits.
- There are three types of indicators in the system.
- The robot can work with the next symbols: EUR/USD, USD/CAD, GBP/USD, EUR/JPY, USD/JPY, and CHF/JPY.
- The money-management system sets Stop Losses to cover every trade.
- It analyzes the market to understand if it’s time to close a position.
- The robot can be used on any broker.
There are two packs: Standard (3 currency pairs) and Super (six currency pairs). The Standard pack costs $325. The Super costs $445, but there’s a sale on Forex Store, so the price is $325 too. Both packages have:
- Changing the account number as many times as we want.
- MT4 and MT5 versions of the EA.
- Free updates.
- Welcome and knowledgeable 24/7 support.
- Forex Store provides a 30-day money-back guarantee.
How it works
The EA works completely automatically on MetaTrader 4.
The developers said nothing about strategies. Trading results showed that it’s a trend, grid, and martingale trading robot.
It’s a high-risk GBP/USD backtest on the H1 time frame. The data was chosen from the beginning of 2017 until September 30, 2020. The modeling quality was 90% with low spreads – 3 pips. An initial deposit was $1000. The total net profit became $606k. The EA closed only 696 deals with 61% of the win-rate for Shorts and 60% for Longs. The Profit Factor was 1.82. The maximum drawdown was insanely high – 45.50%.
On the site, we can find three myfxbook-verified accounts.
The EA runs a real USD account on an FXOpen broker house automatically. It uses technical indicators to spot trades on the MetaTrader 4 platform. This account has a verified track record. It was created not so far ago, on June 19, 2020, and funded at $1000. Since then, the absolute gain has become +262.73%. An average monthly gain is 25.75%, with a high maximum drawdown – 30.54%. The account is tracked by eleven traders.
The robot traded 73 deals with a solid number of pips – 1115. An average win is 46.85 pips when an average loss is -70.75 pips. The Long positions win-rate is 63%, the Short positions win-rate is 84%. An average trade length is two days. The Profit Factor is 2.51.
The EA trades the BUY direction more frequently – 41 deals and more profitably – $1603.
The EA trades Asian market opening, the European market’s midday, and the opening of the American market.
The less traded days are Wednesday and Friday.
The EA runs the account with increased risks. For losing 10% of the account it has to close 4 deals with losses in a row.
FX Track Pro runs Martingale to recover. We can see 2.34 Lot Sizes when a standard Lot Size is 0.10.
As we can see, Martingale isn’t always a profitable strategy. December 2020 trading results show that the EA needs tuning.
The Forex Store platform sets the highest rate – R-rate to the EA. The robot is NFA-compatible.
There’s a page on Forex Peace Army, but without reviews and comments.
As for an R-rated robot, the presentation looks unconvincing. The developers had to provide more information about strategies, settings, support, and others.