Review Of The MetaPRO Forex EA.
Released: 11/05/2010
| Robot Name | Currency Pairs | Timeframe | Strategy | ECN | 4&5 Digits | Take Profit | Stop Loss | Home Page |
| MetaPRO Forex | EURUSD | 1 Hour | Break Out/Swing | True | Automatic | Dynamic | Dynamic | MetaPRO Forex |
MetaPRO Forex Results:
MetaPRO Forex Licensing and Price:
Product Price : USD 247 for 1 license
Plimus is the vendor
Money Back Guarantee : 30 Day
*(Copy of account history required to show MetaPRO Forex was used on a live/demo account for atleast 15 days)
MetaPRO Forex Strategy:
MetaPRO Forex works on 1 hour time frame on the EURUSD pair. It uses breakouts and bounces at resistance/support levels which are dynamically calculated. The system analyzes the price action at resistance/support levels along with several leading indicators before placing a trade. Target/Stoploss is monitored continuously and modified dynamically.
Profits are allowed to run to the maximum possible extend and losses are cut short as soon as the trend or price action goes against the trade. Trades are mostly entered at impulse waves and only rarely in a corrective wave.
MetaPRO Forex Recommended Brokers:
FX Open and Iam FX are two brokers to consider when trading with any EA. This vendor recommends the following brokers: Alpari, Interbank, FXCM
Conclusion
Backtests aren’t impressive at all, and forward test seems to be restarted often. I would be careful with this one until more can be researched on it.
Safe To Buy?
NO!
MetaPRO Forex has not been officially approved for purchase yet.
Overall User Rating
I like the philosophy of this EA, let your profits run, and cut your looses soon.
Is a trend system and has 40 % profit trades , his reward ratio is a 3:1.
His customer support is one of the best that I have ever seen.
Me too Hope to see this system tested on ForexFBI soon, the system is very promising I would put my data when I take a month
MetaPRO performance has been great so far.
MetaPRO Forex has booked over 1000 pips in its first 3 months.
Forward test results are available at http://www.mt4i.com/users/metapro
I use the above statement to cross check the trades on my account and they tally pretty well. And not to forget, they have Fantastic customer support.
Hope to see this system tested on ForexFBI soon!