Forex Robot Reviews

Forex Spectrum Review

Review of the Forex Spectrum forex robot.

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Forex Spectrum ALL M15 Grid Trading No Yes 30 150 Forex Spectrum

 

Performance

License

No license, can be used on unlimited accounts.

 

Strategy

Forex Spectrum is a grid trading robot with trend following strategy to keep the risk 
very low. It doesn’t include an auto money management system because with grid 
trading EAs it’s recommended to change lot size manually as your account grows.  

Using auto money management will put too much risk on your account. 

Minimum balance should be 500 for 0.01 starting lot size. 

Best time frame is 15M, best currency pair is EUR/USD.

 

Recommended Brokers

It works with 4 – 5 digits brokers and works with micro accounts. But it doesn’t work 
with new NFA rules. And it doesn’t work well with ECN brokers. 

 

Conclusion

Most of Forex Spectrum results are just back tests, with most of the data hidden or blurred out. That is usually a tell tale sign of bad performance, but sometimes you just never know. I will finalize this conclusion when I get the EA and do some testing with it. As of right now all I know about Forex Spectrum is what’s listed on the website, which is a lot, but still very vague.

 

Overall Rating

No comments currently exist for this post.
Leave a Reply:





Disclaimer: This website is independent of Forex Brokers and Forex Software showed/reviewed/talked about on here. Before trading with any of the brokers or software potential clients should ensure they understand the risks and verify that the broker is properly licensed. The website does not provide investment services or personal recommendations to clients to trade forex. Information on ForexFBI.com should not be seen as a recommendation to trade forex or a be considered as investment advice. ForexFBI.com is not licensed nor authorized to provide advice on investing and related matters. All information displayed on this website is for educational purposes only. The potential client should not engage in any investment directly or indirectly in financial instruments unless (s)he knows and fully understands the risks involved for each of the financial instruments promoted in the website. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all. Potential clients without sufficient knowledge should seek individual advice from an authorized source. In accordance with FTC guidelines, ForexFBI.com has financial relationships with some of the products and services mention on this website, and ForexFBI.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them. Forex trading entails significant risks and there is a chance that potential clients lose all of their invested money