The installation process of the Forex inControl on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with Forex inControl without problems.
Forex inControl details
- Gain 1594.95%
- Monthly 4.68%
- Drawdown 28.68%
- Days in Live 1863
This is a new and improved version of Forex inControl that we call - Reborn
Trading history results for over 15-16 years!
Backtest is the only effective method which helps to get an idea of how the EA will trade on the Market in the future. With Forex inControl we were able to make backtests for the last 15-16 years on each currency pair. This is a phenomenal result, and it confirms that our EA is really reliable and stable to all kind of news and changes on Forex.
The backtest results confirm that our system is safe and profitable!
Accelerator mode backtest results
We have developed a new Accelerator mode that allows to get much bigger profit with the same risks during flat periods in the Market. You can see for yourself by checking the backtests that we made for the same period of time, with and without Accelerator mode (trading in a standard mode).
This is a new and improved version of Forex inControl that we call - Reborn
NEW mode - Accelerator
Trade on 2 Currencies
Do all that with Forex inControl Reborn
All the trading statistics is based on real money accounts and their Live Performance is verified by Myfxbook.
Main things that make Forex inControl profitable and reliable:
1. Hard control of Drawdown
The most important thing in Forex trading is not to lose your deposit. That is why you need a proper money management. Our EA allows to specify a maximal possible drawdown precisely, so that under any circumstances you wouldn’t lose more than expected. In the represented EA we applied a technology that automatically sets StopLoss for all orders on such a price, that will not let you lose a dollar more than it is pointed in the settings of the EA.
2. Trading on 2 different pairs
The algorithm of Forex inControl is so unique that the EA can easily work on many currency pairs. But we chose two best ones. Trading on two currency pairs makes it possible to cover potential losses on one pair by the profit from trading on the other one. Such diversification allows to get a stable profit.
3. Risks and Profits
Trading on two currency pairs with a possibility to limit a drawdown separately on each of them, gives a great opportunity to diversify your profit and risks. That will allow you to get a stable profit at minimal risks.
Why Forex inControl is the robot that you must have?
Forex inControl is the EA which can work both: as a single system on account and in a combination with any other EA. It does not open orders all the time, it awaits for the best moment to enter the Market. That allows to trade with several EAs on one account at the same time without getting big drawdowns.
Forex inControl Reborn is a professional software, developed for both experienced and inexperienced traders
Some features of Forex inControl:
- Extremely easy to set up
- Fully automated
- Trades on 2 pairs
- Hard Drawdown control
- Conservative, Normal and Aggressive styles of trading
- Backtests for over 14 years
- Verified live trading statistics
- Supports any broker
- Forex inControl EA
- Detailed User Manual
- Free Updates
- Professional support 24/7
Upgraded version. Optimized settings
- 1 license for any account
- Changing account online unlimited number of times
- without Accelerator mode
Forex Incontrol Full
Upgraded version. Includes Accelerator mode
- 1 license for any account
- Changing account online unlimited number of times
- with Accelerator mode
We provide a full money-back guarantee during 30 days. If our software doesn’t perform as it should, you will get your money back. Also if a drawdown in the balance of your account is more than 40%, a refund will be initiated immediately, on condition that you use our recommended settings.
How to install the Forex inControl on MetaTrader 4?
What is the profit level of the Forex inControl on the real/demo account?
The Forex inControl has been able to reach the profit level of 1594.95% during the live/demo trading period. These results are proven by one of the respected third-party companies.
What is the drawdown level of the Forex inControl on the real/demo account?
The Forex inControl has been able to keep the maximum fixed drawdown level of 28.68% during the live/demo trading period.
How much does the Forex inControl cost?
The official developer of the Forex inControl has announced the price of the Forex inControl to be $270.
Forex inControl Review
Let’s review one of the popular Forex robots out there - Forex inControl EA, which has been on the market for more than 4 years already. The system is positioned as the hard drawdown control Forex robot that brings stable profit. Let's see if it is true or not in this new Forex robot review on ForexStore.
Basic information about Forex inControl:
- Currency pair AUDUSD, EURGBP
- Number of real licenses1
- Refundthe full money-back guarantee is provided for 30 days in case of losing more than 40% of the deposit while trading with recommended settings used.
Conditions for trading:
- Minimal deposit amount$320-450
- Time frameany
Live performance of Forex inControl
Forex inControl EA is available in two versions where one of them includes Accelerator mode as an additional feature and another goes without this mode. The cost of the versions is also different. The version with the Accelerator mode costs $310 while the version without it costs $270. Forex inControl EA has got only one official live trading account verified by the 3-rd party company Myfxbook with the nice straight upward curve.
There are a number of official backtests available for Forex inControl EA. There are 14 years-long basic backtests on both AUDUSD and EURGBP currency pairs which were made on the historical quotes from 2002 to 2016. And there are also 4 years long comparison backtests on both currency pairs with the Accelerator mode turned on and off. The comparison backtests were made on the historical quotes from 2013 to 2016. All the backtests were made on the M30 time frame with the 90% modeling quality which is fine for this EA since it is not scalping the Forex robot and so it doesn't need the exact every tick data for its proper work.
*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.
Profitability and drawdown
As it’s been mentioned before Forex inControl has only one official Myfxbook account available. The system trades only with the AUDUSD currency pair on the official account and there are only two recommended currency pairs to trade on. But as the developer says: “The algorithm of Forex inControl is so unique that the EA can easily work on many currency pairs. But we chose the two best ones. Trading on two currency pairs makes it possible to cover potential losses on one pair by the profit from trading on the other one. Such diversification allows us to get a stable profit”.
The statement mentioned above appears to be not quite true when we analyze the official developers’ account as we can see that the developer trades only on one currency pair instead of the declared two. But we’ll get back to this issue at the end of the review.
The official account of Forex inControl EA has made 867% of profit since February 2018 when the account has been started. At the same time systems’ max floating drawdown reached 38.8% of the deposit and the average monthly drawdown level is 7.51%.
As we can see from the smooth straight upward curve on the Myfxbook account the EA hasn't faced any big stop-losses or deeply fixed drawdowns since 2018 (look at the chart below). It shows stable results for more than two and a half years already.
Talking about drawdowns on the account it is important to mention that Forex inControl EA is equipped with the system of “Hard control of Drawdowns” which is described by the developer like the system that
“…allows specifying a maximal possible drawdown precisely, so that under any circumstances you wouldn't lose more than expected. In the Forex inControl EA, we applied a technology that automatically sets StopLoss for all orders on such a price, that will not let you lose a dollar more than it is pointed in the settings of the EA”.
There are real account statistics of Forex inControl EA available since February 2018 which gives us 30 months of trading to analyze. The average drawdown to profit ratio of Forex inControl EA according to the gain and drawdown levels numbers from Myfxbook statistics is approximately 1:0.21 if relying on the 7.58% monthly gain shown on the official page.
It might look like the system uses the compound interest to higher the gain level but actually, if we compare the deposit growth to the lot size, we can clearly see that for two years of trading (and with the gain of 867%) the lot size has risen for just 0.05 lot which is too small to be claimed as an option of compound interest.
Here are two screenshots with the first orders of the system that shows lots size of 0.15 and then we see that the latest orders are 0.20 lots per trade.
So, as we can see, Forex inControl shows stability and no fixed deep drawdowns or stoplosses during more than two and the half years of trading. Even though the drawdown to profitability ratio is not high we still can say that the system is profitable and (what is more important) safe and stable. The absence of sharp downward moves on the statistic graph indicates that the system really sticks to its philosophy which is described by the developer in this way:
“Forex inControl is the EA which can work both: as a single system on the account and in a combination with any other EA. It does not open orders all the time, it waits for the best moment to enter the market. That allows us to trade with several EAs on one account at the same time without getting big drawdowns”.
It is not clear how exactly the system “calculates the best moment to enter the market” but as it’s been mentioned the system managed to do it pretty well in the past.
The trading strategy of this EA looks exceptionally. It seems like the system uses a specific type of Martingale strategy to achieve profit but Martingale is used quite rarely and only in certain situations. Analyzing trading statistics of Forex inControl EA it’s clearly seen that about 90% of orders are set without increasing the lot which speaks up about some other kind of trading strategy.
It also looks like the EA uses grid strategy when looking on the chart, but is actually something similar to a dynamic grid, but not a classic grid for sure. Orders are opened according to some special algorithm that analyzes the market instead of just opening pre-set grid orders.
For example, on the screenshot below we can see the latest orders of the EA with the obvious multiplying of the lot size of every next order but the multiplying is much different from the classic Martingale strategy. In the end, the grid closed in profit even though four out of six trades are closed in the loss.
During its trading, Forex inControl EA managed to complete only 132 orders which also confirms developers' statements about the "awaiting" nature of the EA. The results of the trading on the other hand confirm that the system really manages to choose the best moment to enter the market as we see that the percent of the winning orders is 74% while there are only 25% of the losing trades on the account (look on the screenshot below).
The approximate average duration of the trades on the Forex inControl EA account varies from less than 1 hour to 12-15 days. The orders that have been on the market for a longer period in most of the cases ended up being unprofitable as we can see from the tab below.
There is a version of the Forex inControl EA that includes an additional feature called “Accelerator mode”. In short, this feature gives a customer an opportunity to allow the system to determine the situation on the market in which the advisor will safely increase the volume of lots without overstating the risks. More information about this and all other features of Forex inControl EA you can find in the user manual attached when buying the robot or by contacting the developer.
In addition, it’s needed to be said that there is the issue with the fact that the developer claims Forex inControl EA to work on two currency pairs, but does not trade on EURGBP. To clarify the situation, we contacted the developer of the EA and we were told that during the Brexit period the EURGBP currency pair behaved very unstable and that’s why they don’t recommend clients to use the EURGBP. At the same time AUDUSD has been showing itself more stable, so customers should pay attention to this before purchasing and avoid using the EURGBP currency pair.
Briefly characterizing this EA considering all that has been said I would describe Forex inControl EA as a stable and reliable Forex robot that's been showing pretty well results of managing its drawdowns and choosing an entering point. It brings sufficient monthly profit, even though it trades not too often.
There is not much detailed information about the trading logic and strategy of the system available but the trading results such as 2.5 years long upward trading statistics speak up very clearly for the reliability and durability of the Forex inControl EA.
Explaining the final marks of this review I start from the price and quality ratio mark where the Forex inControl EA has got 5 out of 5. The price of the EA is totally normal for the quality and reliability of this Forex robot. The system as durable as this one should be marked appropriately.
Drawdown to profit ratio of the Forex inControl EA is not as high as it could be especially because of the almost 40% max floating drawdown (which never was fixed), but the profitability of almost 8 percent monthly is actually very good particularly when noticing that the EA makes an average of around only 4 trades per month. As I mentioned before it gives us more confidence in the systems algorithm of choosing an entry point, and so I give it 4 out of 5 for this stat.
Forex inControl has got a live trading statistic since February of 2018 which is enough to say that the EA is durable for the market changes and it trades stably. So, 5 out of 5 here we have.
The longest backtest of this EA uses the quotes data from 2002 until 2016, giving us 14 years backtesting on the AUDUSD currency pair. These results are enough to give this EA 5 out of 5 for this mark.
And my personal assessment for the Forex Flex EA is quite similar to the objective marks that have already been given. I give Forex inControl 4 out of 5 because I consider the system to be good, stable, and profitable having good results during a long time of trading.
At the moment of writing this review, the automated rating system of the ForexStore rated Forex inControl EA 10 points out of 10 which is pretty close to the marks that I’ve considered after review of this Forex robot.
I hope this helps you, traders! I wish you profitable trading and luck on the market!