FX Autotrader Elite

Price: $197

Currency pairs: Any (testing with AUDUSD, USDJPY, USDJPY, USDCAD, GBPUSD, EURUSD, AUDJPY, NZDUSD, EURJPY)

Timeframe: Any (testing with M15, H1 and H4, as stated below)

Note:FX Autotrader Elite is not your usual EA. It is actually a tool for traders to design and "program" their own strategies to run on autopilot. While the EA has been created in such manner, the vendor also provides optimized set files which the trader can use.

This is the new version of the FX Autotrader Elite (V03.01.24), released in May 2015. This test is being run with 10 (three year back tested) SET files provided by the developer. Three of them (EU M15), AU (M15) and AJ (H4) are provided free of charge as a bonus when purchasing this robot. The others can be obtained by arrangement with the developer after purchase. The EA is fully customisable and so traders can make their own SET files.

The ten SET files are EURUSD (M15) - two different versions, AUDUSD (M15), AUDJPY (M15), AUDJPY (H4), EURJPY (M15), GBPUSD (H1), NZDUSD (M15), USDCAD (H1) and USDJPY (M30).

Start date: May 10, 2020

Demo broker: IC Markets

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

As indicated above, simulated trade results on demonstration ("demo") accounts may be inaccurate and misleading -- they may not reflect the actual results the user would see on a real account (using real-money). For example, demo accounts cannot reflect factors such as trade execution "slippage", which occurs on real-money accounts but not on demo accounts. Slippage is the difference between the expected price of a trade (market price), and the price the trade actually executes at. Slippage often occurs during periods of higher volatility when market orders are used, and also when larger orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade (known as the "lack of liquidity"). These types of adverse factors must be dealt with in a real-money account, but they are usually not reflected in a demo account environment. Thus, it is entirely possible that a trading robot shows profits on a demo account, but performs poorly on a real-money account. Unless otherwise specified, all trading results shown on this site are from demo accounts.

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