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Forex Fury profitable Forex EA Read detailed review

Forex Fury

rating 4/10 mt4/5
NFA
  • Gain 85.12%
  • Monthly 1.27%
  • Drawdown 41.9%
  • Days in Live 1472

Forex Fury software is the life’s work of our development team and it provides traders of all skill levels an investment opportunity that is both safe and aggressive simultaneously.

Statistics

Forex Fury - Real

Forex Fury - verified live Myfxbook statistics

Forex Fury - Demo 1

Forex Fury - live statistics Forex trading account

Forex Fury - Demo 2

Forex Fury - Myfxbook trading account

Information about Forex Fury

Compatible with NFA, FIFO, MT4 and MT5 Build 600+

Tested and Proven Settings (always new settings in development) Free

Low Risk Trading Strategy With A Drawdown Under 20%

ECN Support

Effective Money Management To Ensure Sustainable Growth

Perfected For Multiple Pairs

Works With Any MT4/MT5 Trading Brokerage

Multiple Filters To Avoid Bad Market Conditions

Easy 5 Minute Installation With Full Guides and Videos

How it Works

The Forex Fury EA will provide traders with trades automatically in their Metatrader 4 platform.

  • The EA is built to work with all MT4 brokers, so it’s just plug and play.
  • The installation process takes no longer than 5 minutes to install and authenticate.
  • After setting it up, the software runs 100% on it’s own placing trades throughout the day and night.

FAQ

Is it a one time payment?
Yes!

When do I get the product after buying?
Immediately. Check your email for your members area registration link to download Forex Fury.

How often does the EA trade?
Up to 5-10 times per day.

Are there any upsells or membership fees?
No.

Who are the best brokers?
Try FXOpen or any low spread US broker.

What kind of support do you offer?
24/7, you will normally get a response within a couple hours during business days.

Is there a free trial?
No.

Why is the EA not trading?
Please be patient, it is rare but there can be days without trades. Open more charts, open more demo accounts (you have unlimited demo accounts).
Set MaxSpread to a higher number. Check your broker spread, if it is above 3, you will have to go into the expert properties and increase the max_spread. You can monitor your broker spread using this tool https://www.mql5.com/en/code/9492
Set MaxOrders to 1 also in expert properties. Some brokers only allow opening one trade at a time. This is the most common reason the EA isn’t trading.
On smaller accounts, set UseIncreamentalLotSize to FALSE, then set lot size to a smaller amount your broker will allow like .10 or .01.
Lastly, remove other EA’s you believe may be interfering.

Why are my results different? (GMT OFFSET – STT and ETT)
If your results are different you likely didn’t set up the Start Trading time and End Trading time properly.
StartTradingTime = 23:00:00 : Start trading time it is best value is 20:00:00 UTC/GMT
EndTradingTime = 23:59:00 : End trading time it is best value is one hour from the start trading time so it will be 20:59:59 UTC/GMT
This is easy to do, go in google and type time GMT. Compare that time to your broker Market Watch time. In this case my broker time is GMT 0.
Forex Broker GMT 0 means I set StartTradingTime to 20:00 and EndTradingTime to 20:59
If your Forex Broker GMT is -2 Then we subtract 2 from 20:00 and we put STT at 18:00 and ETT at 18:59
If Your Forex Broker GMT is +3 Then we add 3 from 20:00 and we get STT at 23:00 and ETT at 23:59

  • November 1 – April 1 add +1 to your normal GMT.

Using brokers different from the accounts you are viewing can cause small differences, but nothing drastic.

Purchase includes:

Gold / $229.99

  • 1 Live Account License
  • Unlimited Demo Accounts
  • Free Updates
  • High Performance Settings
  • Lifetime Membership

Diamond / $439.99

  • 2 Live Account License
  • Unlimited Demo Accounts
  • Free Updates
  • High Performance Settings
  • Lifetime Membership

Refund policy

No description

short review Forex Fury Review

Forex Fury EA Review

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FXSherlock /
Avatar

Forex Fury EA is a well-promoted Forex robot that’s been out on the market for a long time. In this review, we’re going to go quickly through the main pros and cons of the advisor to see the real potential of live trading with this Forex robot

Basic information about Forex Fury:

  • Price$230-440
  • Currency pair27 pairs
  • Number of real licenses1 or 2 live account licences
  • SupportIncluded
  • Refund30-day money-back guarantee

Conditions for trading:

  • Minimal deposit amount$100-200
  • Minimal leverageN/a
  • Time frameM5
  • TerminalMT4
  • BrokerAny

Live performance of Forex Fury

The developer of the Forex Fury EA provides statistics for three live trading accounts on Myfxbook: “Forex Fury Live GBPUSD (low risk)”, “Forex Fury V4 USDJPY", and "Forex Fury V4 EURUSD". The longest live statistics are available for the “Forex Fury Live GBPUSD” account. It starts on October 03, 2017, and has 48 months already. All other accounts have been live since December 2020, which is only six months of statistics. As we can see, the trading curves look different depending on the account but generally speaking, every live trading account has a strong upward movement trend which describes the system as a profitable one so far.

 

Forex Fury EA has other monitoring accounts, but almost all of them are demo accounts. We are convinced from experience that demo results should not be taken into account because there are many systems that are capable of working exclusively on demo accounts. Therefore, we only review real accounts.

There are no backtests available for Forex Fury EA. There are also a bunch of the demo accounts of Forex Fury EA available on the Myfxbook, but we’re not going to go through their performance in this review.

Disclaimer

*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.

LIVE PERFORMANCE ANALYSIS OF FOREX FURY EA:

The developers of Forex Fury EA made a pretty loud statement right away. They claim that the represented robot is the most effective one on the market, and we are going to check if this is really true.

From the first glance at the live trading performance of the EA, it is obvious that the robot can trade accurately as we see the straight upward curve on the longest-lived trading account without long fixed drawdowns and big stop-losses. But this doesn’t mean that the system as profitable as it looks. Let’s explore the real numbers of the system using the screenshot below.

Live trading performance of Forex Fury EA

Forex Fury EA has gained only 85.22% of profit during the 48 months trading period, having an average of 1.41% of monthly profit. The drawdown level of the system at the same time is quite high — 41.90%. This shows that the systems’ profit to drawdown ratio is pretty small — only 0.03:1.

Two others real Myfxbook accounts of Forex Fury have better results, but the trading on those accounts began only 4 and 5 months ago. The account for the EURUSD currency pair has 48.13% of the gain, having an average of 7.27% of monthly profit with 17.84% of fixed drawdown.

The USDJPY account has slightly better results than the previous one. It has only 29% of the gain, having an average of 4.34% of monthly profit with 6.84% of fixed drawdown. These numbers give us an average profit to drawdown level of 0.4:1 and 0.6:1 respectively.

Let’s now turn our attention to the live trading stats to analyze the specific trading style of the EA and other trading particularities of the Forex Fury EA. The analysis is based on the “main” official trading account of the system with the longest live statistics.

As we can see, from the very beginning of the trading, the Forex Fury uses fixed lot size and places trades as grids. The most interesting part of this trading logic is that the grids are opened and closed all at once, which could be a signal of possible Martingale trading.

Live trading performance of the Forex Fury EA

This trading logic might be one of the ways how developers camouflage Martingale’s lot size multiplication. That means that instead of opening a series of trades with an increasing lot, for example, 1st trade — 1 lot, 2nd trade — 2 lots, 3rd trade — 4 lots, and so on, the Forex Fury EA might be opening trades like this: 1 trade — 1 lot, 2 trades — 1 lot, 4 trades — 1 lot and so on.

The other interesting and at the same time not that pleasing fact about the trading of this Forex robot is that the EA has been trading since October 2017 which is 48 months of real trading. At the same time, as we can see from the Myfxbook statistics, there are only 25 months out of those 48 that the system has really traded for. All other time the robot was not making any trades.

Live trading performance of the Forex Fury EA

There is no information about if the system was stopped during those 25 months or if it is just the way the robot trades but, anyway, this fact does not add up to the impression of the Forex Fury. If we turn our attention to the numbers on the screenshot above, we also can see that the robot made 418 trades during 48 trading months, which makes 8.7 trades per month. This is a small number, which is obvious in the view of the mentioned 25-months-inactivity fact. 

SUMMARY

The overall impression of the Forex Fury EA gives me mixed feelings. There are good potential trading results with the straight upward curve movement, but at the same time, there are a few shortcomings that make me think that maybe the developer does not give complete information and understanding of what the Forex Fury robot is actually all about. Well, let’s move to the final marks of this Forex robot.

Final marks

So let’s finish this review by giving appropriate assessments to the Forex Fury based on the analysis of its work, statistics, and other factors
Price VS Quality
3/5
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Profitability / Drawdown
3.5/5
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Statistics duration
5/5
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Backtests
0/5
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Authors’ rating
2.5/5
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AVERAGE
3/5
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I give the Forex Fury EA 3 out of 5 for the price/quality indicator. The robot has a long list of live and demo trading accounts on Myfxbook which is good but still has no backtests and has many things to improve by the developer.

The profitability/drawdown ratio level of this Forex robot is not the best on the field, but still has all the chances to give a customer profit. The robot has 0.01, 0.6:1, 0.4:1 ratios which are too small to be called highly profitable. I give it a 3.5 out of 5 stars mark for this stat.

The Forex Fury EA has got 48 months of live trading as the longest real trading account, which gives it 5 out of 5 stars for this stat. Still, there are no backtests of this robot, so the system gets 0 out of 5 for this stat.

My personal attitude towards the Forex Fury EA is something between good and bad. I am not convinced that the EA is too bad because it can bring profit and has pretty normal trading results, but at the same time, there are many innuendos that make me think about the system in a bad way. So, here it has 2.5 out of 5 from me.

Automated ForexStore rating is

5.5/10

At the moment of writing this review, the automated rating system of the ForexStore rated Forex Fury EA with 5.5 points out of 10 which differs a lot from the marks that I gave in this Forex robot review.
I hope this helps you, traders! I wish you profitable trading and luck on the market!