Forex Quant EA is a forex robot by an anonumous development team with an undisclosed trading strategy. 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.
There are so many things that we usually look for before awarding high ratings to an Expert Advisor. These expert advisors were only rated after considering those parameters. This is the reason they were highly rated.
As for Forex Quant EA, we will take into consideration a number of things not limited to the background of the owner and user experience.
Forex Quant EA Review
Trader seeking to use the Forex Quant EA will pay $199/license. 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. It trades specifically on 15 minutes time frame and works on only two forex pairs, the EURUSD and GBPUSD
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.
They provided their clients with a short interval Myfxbook account. 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.
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