Forex Spectrum Review

Review of the Forex Spectrum forex robot.

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Forex SpectrumALLM15Grid TradingNoYes30150Forex 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

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