The official developer of the ForexExtract has announced the price of the ForexExtract to be $287.
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Read detailed review
Read detailed review
ForexExtract
rating 0/10 mt4/5NFA
- Gain n/a
- Monthly n/a
- Drawdown n/a
- Days in Live n/a
$330
$287
Buy
exclusive price
ForexExtract is a robot that has proven its profitability and stability in real tests on accounts with money, not just on demo accounts. Fully automated Forex robot, with a loss prevention algorithm.
Backtests
Our accounts have quite a long period of live trading, but for you to make sure that the results have an even more long-term basis, we have added the results of testing ForexExtract robot on historical data (backtesting) for many years.
Aggressive USDCAD
Normal AUDUSD
Normal USDCAD
Information about ForexExtract
ForexExtract is a robot that has proven its profitability and stability in real tests on accounts with money, not just on demo accounts. All its results are verified by the independent company Myfxbook.
We have worked for a long time to develop and set up a good mechanism that makes it possible to find good Market entry points. It provides great profitability to our system. But of course, sometimes our algorithm makes mistakes, and that is when a mechanism which finds the best moment to close an unsuccessful order starts working. Sometimes it closes an order in a small profit, or in a zero profit, and sometimes in a small loss. But the algorithm is configured in such a way as not to make large losses. In the event that ForexExtract has failed to recognize exactly when the order should have been closed, and the drawdown has become bigger than we were ready to get, then the system can add the second order, and sometimes the third one, to cover a drawdown of the first order by a profit of the following order(s). If it happens that even with such protections the drawdown could not be covered, then the last algorithm is activated. It calculates the moment when, how and at what price to open additional orders that will be able to cover all the drawdown that we have. This algorithm is well thought out and it will not allow the EA to "accumulate" drawdown if there is a rapid movement (trend) in the opposite direction from our orders.
ForexExtract is an interesting robot that, as you can see, has many levels of protection which provide good reliability and security for the user's account. But even if they all fail for some reason, due to some unprecedented Market upheaval, our robot has a built-in drawdown limitation mechanism that will protect your account from significant losses.
More advantages and features of our robot:
1. Supports AUDUSD and USDCAD currency pairs.
2. Supports the most popular platforms: MetaTrader 4 and MetaTrader 5.
3. Compatible with any broker and not spread sensitive.
4. Multi-layer protection against unprofitable trades.
5. Verified results on real accounts and tests on history (backtests).
6 Extremely easy to set up and use.
Purchase includes:
- 1 lifetime license for a real or demo account
- Possibility to change accounts online
- Robot version for MT4 and MT5
- Detailed user manual and the best technical support 24/7
Refund policy
We provide a full money-back guarantee during the first 30 days after purchasing. If our EA doesn’t work properly on your account, and we cannot do anything about it, we will return your money. If a drawdown on your account exceeds 35%, we will also initiate a refund process, on condition that you have used our recommended settings and provided proofs of that.
F.A.Q.
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What is the drawdown level of the ForexExtract on the real/demo account?
The ForexExtract has been able to keep the maximum fixed drawdown level of 0% during the live/demo trading period.
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What is the profit level of the ForexExtract on the real/demo account?
The ForexExtract has been able to reach the profit level of 0% during the live/demo trading period. These results are proven by one of the respected third-party companies.
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How to install the ForexExtract on MetaTrader 4?
The installation process of the ForexExtract 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 ForexExtract without problems.
full review
ForexExtract Review
Here is a review of the new Forex robot named ForexExtract EA. This review will look closely at the system's performance, statistics, and algorithms. Read through this review and discover why this robot is considered one of the best at ForexStore.
Basic information about ForexExtract
- Price$330
- Currency pairAUDUSD, USDCAD
- Number of real licenses1 lifetime license for a real or demo account
- SupportDetailed user manual and the best technical support 24/7
- Refund30 days money-back guarantee
Conditions for trading:
- Minimal deposit amount$330
- Time frameAny
- TerminalMT4 and MT5
- BrokerAny
Live performance of ForexExtract
ForexExtract Forex robot has two real live trading accounts on Myfxbook third-party company, which have been working on the AUDUSD and USDCAD currency pairs for 14 and 7 months. Live trading on the AUDUSD account started in November 2021 with an initial deposit of $1500 and a $1000 initial deposit for the USDCAD account in June 2022. ForexExtract EA has made +463.10% and +315.13% of profit during the trading period of 14 and 7 months. The trading curve of live graphs for both accounts of the system has a strong upward trend and has almost no sharp edges or drawdowns, as it could be appearing due to fast account growth.
Aggressive AUDUSD
Aggressive USDCAD
Normal AUDUSD
Normal USDCAD
The robot has got two backtests for each currency pair it can trade with. Those backtests show some of the possible trading potentials of the trading robot on the historical quotes. These backtest graphs show the difference and correlation between different settings of the ForexExtract EA. Every currency pair backtest set has a first backtest, which shows the trading possibilities of the robot using aggressive risk settings. The other shows backtest results using only "normal" risk settings of 35% risk. All four backtests are made on a 1H timeframe using every tick backtesting model, which is the most precise method based on all available least timeframes. The backtests' modelling quality is 90%, which is fine for the ForexExtract EA because it does not use a scalping strategy. Both AUDUSD backtests were made using eight years of historical quotes (from 2014 to 2022), and both USDCAD backtests were made using 6 years of historical quotes (from 2016 to 2022), which is more than enough for the proper assessment.
Disclaimer
*The backtests are taken from the developers’ website 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.
Drawdown and profitability
Real trading of ForexExtract EA on the live AUDUSD accounts that we're about to analyze started on November 11, 2021, or more than 14 months ago, with an initial deposit of $1500.
On the other hand, the real trading on the USDCAD account started on June 17, 2022 (7 months ago) with a $1000 initial deposit. The system has managed to grow the account by +463.10% and +315.13% so far, which are well-managed results as for the system that got a maximum of 27.10% of drawdown level for both accounts and monthly growth of 13.63% (AUDUSD) and 25.70% (USDCAD).
The trading results of this automated trading system are enough to say that the ForexExtract EA is one of the most profitable robots on the ForexStore website. Above are screenshots of the real performance data for both ForexExtract EA accounts taken from the Myfxbook website.
The ForexExtract EA shows good durability and is well-made for long-term trading. Even though it makes slightly more profitable trades than losing once (approximately 53-55% profitable trades), the profitable trades are more about quality than quantity. Also, the robot had almost no fixed drawdowns that would have damaged the upward-growing trading curve. Undoubtedly, the robot has got a bit high floating drawdown level of 27.10%, but as we can see, the ForexExtract EA successfully managed to avoid the drawdowns to become fixed and grow the account.
With that said, the ForexExtract EA system has managed to be profitable and safe during 14 months of trading with real money and hasn’t got long fixed drawdowns. Moreover, ForexExtract has gained +463.10% and +315.13% of total profit, having a rate of 13.63% (AUDUSD) and 25.70% (USDCAD) of monthly profit. We can calculate an approximate profit-to-drawdown ratio of the system, which is around 2.54:1 for the AUDUSD account and 1.73:1 for the USDCAD account. This is a high profit-to-drawdown ratio, which should be considered when analyzing all the other information about this trading system; the system is pretty reliable and has the potential to be a profitable one for a longer time.
Drawdown and profitability
Real trading of ForexExtract EA on the live AUDUSD accounts that we're about to analyze started on November 11, 2021, or more than 14 months ago, with an initial deposit of $1500.
On the other hand, the real trading on the USDCAD account started on June 17, 2022 (7 months ago) with a $1000 initial deposit. The system has managed to grow the account by +463.10% and +315.13% so far, which are well-managed results as for the system that got a maximum of 27.10% of drawdown level for both accounts and monthly growth of 13.63% (AUDUSD) and 25.70% (USDCAD).
The trading results of this automated trading system are enough to say that the ForexExtract EA is one of the most profitable robots on the ForexStore website. Above are screenshots of the real performance data for both ForexExtract EA accounts taken from the Myfxbook website.
The ForexExtract EA shows good durability and is well-made for long-term trading. Even though it makes slightly more profitable trades than losing once (approximately 53-55% profitable trades), the profitable trades are more about quality than quantity. Also, the robot had almost no fixed drawdowns that would have damaged the upward-growing trading curve. Undoubtedly, the robot has got a bit high floating drawdown level of 27.10%, but as we can see, the ForexExtract EA successfully managed to avoid the drawdowns to become fixed and grow the account.
With that said, the ForexExtract EA system has managed to be profitable and safe during 14 months of trading with real money and hasn’t got long fixed drawdowns. Moreover, ForexExtract has gained +463.10% and +315.13% of total profit, having a rate of 13.63% (AUDUSD) and 25.70% (USDCAD) of monthly profit. We can calculate an approximate profit-to-drawdown ratio of the system, which is around 2.54:1 for the AUDUSD account and 1.73:1 for the USDCAD account. This is a high profit-to-drawdown ratio, which should be considered when analyzing all the other information about this trading system; the system is pretty reliable and has the potential to be a profitable one for a longer time.
Drawdown and profitability
Real trading of ForexExtract EA on the live AUDUSD accounts that we're about to analyze started on November 11, 2021, or more than 14 months ago, with an initial deposit of $1500.
On the other hand, the real trading on the USDCAD account started on June 17, 2022 (7 months ago) with a $1000 initial deposit. The system has managed to grow the account by +463.10% and +315.13% so far, which are well-managed results as for the system that got a maximum of 27.10% of drawdown level for both accounts and monthly growth of 13.63% (AUDUSD) and 25.70% (USDCAD).
The trading results of this automated trading system are enough to say that the ForexExtract EA is one of the most profitable robots on the ForexStore website. Above are screenshots of the real performance data for both ForexExtract EA accounts taken from the Myfxbook website.
The ForexExtract EA shows good durability and is well-made for long-term trading. Even though it makes slightly more profitable trades than losing once (approximately 53-55% profitable trades), the profitable trades are more about quality than quantity. Also, the robot had almost no fixed drawdowns that would have damaged the upward-growing trading curve. Undoubtedly, the robot has got a bit high floating drawdown level of 27.10%, but as we can see, the ForexExtract EA successfully managed to avoid the drawdowns to become fixed and grow the account.
With that said, the ForexExtract EA system has managed to be profitable and safe during 14 months of trading with real money and hasn’t got long fixed drawdowns. Moreover, ForexExtract has gained +463.10% and +315.13% of total profit, having a rate of 13.63% (AUDUSD) and 25.70% (USDCAD) of monthly profit. We can calculate an approximate profit-to-drawdown ratio of the system, which is around 2.54:1 for the AUDUSD account and 1.73:1 for the USDCAD account. This is a high profit-to-drawdown ratio, which should be considered when analyzing all the other information about this trading system; the system is pretty reliable and has the potential to be a profitable one for a longer time.
Final marks
So let’s finish this review by giving appropriate assessments to the ForexExtract based on the analysis of its work, statistics, and other factors
Price VS Quality
Profitability / Drawdown
Statistics duration
Backtests
Authors’ rating
AVERAGE
Showing the marks of this review, I start from the price and quality ratio mark where the ForexExtract EA has got 5 out of 5. I think the price is more than suitable for this EA, considering that the system has all the backtests, good live statistics, and a history of 14 months of successful work on the real account.
As mentioned in the review, this Forex robot's drawdown/profitability level is actually really high as well. It reaches ratios of 2.54:1 for the AUDUSD account and 1.73:1 for the USDCAD account, which is higher than most of the systems out in the market. That’s why ForexExtract EA got 5 out of 5 for this.
ForexExtract EA has got live trading statistics since November 2021, which is enough to say that the EA is durable for market changes, and it trades stably. My mark for the reliability and durability of the system is 5 out of 5.
The backtest of ForexExtract EA uses the quotes' data from 2015 until 2021, giving us 8 years of backtesting on the AUDUSD currency pair and 6 years of backtesting on the USDCAD pair. These results are enough to give this EA 5 out of 5 for this mark.
And my thoughts about this Forex robot are primarily positive, and it is similar to the objective marks that have already been given. I give ForexExtract EA 5 out of 5.
At the moment of writing this review, the automated rating system of the ForexStore rated ForexExtract EA 10 points out of 10, which is the same as the marks that I've considered after reviewing this Forex robot but still very close.
I hope this helps you, traders! I wish you profitable trading and luck on the market!