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|
No license, can be used on unlimited accounts.
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.
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.
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.