The installation process of the FXTrackPro 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 FXTrackPro without problems.
- Gain 576.23%
- Monthly 12.95%
- Drawdown 28.12%
- Days in Live 472
FXTrackPRO is a very profitable Expert Advisor that can quickly increase your capital, but more importantly, its profitability allows you to trade a small part of your deposit and still have a pretty solid profit. Low risks with significant profits!
The best way to understand what to expect from a robot in a long-term perspective is to check it on historical quotes data, which will show how it has been trading during previous years. Below we publish backtests for each currency pair for previous years, which confirm the reliability and profitability of the system. We guarantee that by purchasing the EA, you will be able to backtest it in your MetaTrader and get the same results, which will confirm the authenticity of our tests.
How to install the FXTrackPro on MetaTrader 4?
What is the profit level of the FXTrackPro on the real/demo account?
The FXTrackPro has been able to reach the profit level of 576.23% 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 FXTrackPro on the real/demo account?
The FXTrackPro has been able to keep the maximum fixed drawdown level of 28.12% during the live/demo trading period.
How much does the FXTrackPro cost?
The official developer of the FXTrackPro has announced the price of the FXTrackPro to be $325.
FXTrackPro EA Review
FXTrackPro EA is one of the newest Forex robots that shows itself as a very profitable low-risk trading strategy. In this Forex robot review, we're going to break down the pros and cons of this automated trading system to see if it's worth purchasing for long-term trading.
Live performance of FXTrackPro
There are 3 live trading accounts of FXTrackPro EA on the Myfxbook third party company that provides objective live trading performance statistics. All of the accounts were set up in June 2020 but have different settings. Live account of the robot work on different currency pairs. While two of them work only on one pair per account: USDCAD and EURUSD, the third account works on all of the six currency pairs the EA is able to trade on. As we can see, the curves are not perfect, having some sharp moves, but still, the main trend for all of the accounts is a strong upward move which signalizes the profitable nature of the robot.
FXTrackPro EA has got a long list of backtests which consists of 12 positions. Developers of this Forex robot made sure that every currency pair the robot is able to trade on is backtested properly. Each of the 6 currency pairs that are supported by the FXTrackPro EA is backtested with high-risk and low-risk trading strategies on the historical quotes from 2017 to 2020.
All the backtests were made on the basic Myfxbook backtester on the 1H timeframe with 90% accuracy which is okay for this EA because it does not use scalping strategy and doesn't need the precise every tick data for its proper work. As we can see from the statistics the EA showed itself very stable and constant.
*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
FXTrackPro EA is available in two different versions: in the basic version which allows trading on 3 currency pairs (EURUSD, GBPUSD, USDJPY), and in the Super version which allows trading on 6 currency pairs (EURUSD, USDCAD, GBPUSD, EURJPY, USDJPY, and CHFJPY).
As it’s been mentioned the EA has got 3 live trading accounts on Myfxbook which trade on different currency pairs. The statistic for FXTrackPro EA on EURUSD pair is available on the Myfxbook account named “FXTrackPRO_EURUSD”, the statistic on USDCAD pair performance is available on “FXTrackPRO_USDCAD” account and the statistics for trading on all of the 6 pairs is available on the “FXTrackPRO_6pairs” account which represents the Super version on the FXTrackPro EA.
The best performing account of the robot is the FXTrackPro Super EA which works on 6 currency pairs. Having only 5 months of live trading the EA was able to collect 462.98% of profit having a maximum floating drawdown level of 29.43%.
Taking into account all the statistics of FXTrackPro Super EA live trading we can calculate an approximate profit/drawdown ratio of 3:1 which actually looks pretty high.
The two other accounts have lower performance levels but still, go pretty high for as if comparing with the average Forex robots out there. FXTRackPro EA shows 202.26% of the profit on the EURUSD account and 241.51% of the profit on the USDCAD account which in the perspective of only 5 months of live trading and together with 30.66% and 30.54% of drawdown respectively still looks very good (look on the screenshots below).
The profit/drawdown ratio for those two live accounts is quite similar as we see that the statistics of them are also close. So, the ratio for the EURUSD account is 1.3:1 and for the USDCAD it is 1.5:1. These results are also impressive as for only 5 months trading period. There is still almost 40% more profit on the USDCAD account which gives it 0.2 points in the ratio comparison.
There is not much information about the specific trading strategy or algorithms of FXTrackPro EA given by developers. All that is said about the trading logic of the robot is this:
“Our Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm. It means that in one situation FXTrackPRO takes the data from one indicator and starts trading, and in a different Market situation, it takes into account another indicator in order to choose the best entry point, and use an appropriate trading style in the current Market conditions. This approach made it possible to achieve great efficiency in profitability and reduce drawdown”.
But when analyzing trading history, we can see some kind of a Martingale tendency. The three levels of trading logic explained by the developer might be working in like a lot-rising after closed unprofitable trade. It seems that it could be one or even two trades with a risen lot-size. Mostly, those trades close in profit which is clearly could be seen on the trading curve from Myfxbook.
For example, on the trading graph of the USDCAD account, we can clearly see some wavy-looking up and down moves that represent the logic explained before. It should be noticed that downward moves are not any kind of unexpected stop losses or something like that. It seems that this is the logic of the EA.
If we look at the chart below, it is easy to see the same logic in a different way. There should be some kind of default value of pips in profit when the system closes profitable trade. (In this example it is 40 pips). And if the trade is unprofitable it closes and the following trade raises lot-size to overlap losses (check out the screenshot below).
So we can guess that this is some kind of modified Martingale system that does not use griding and does not keep a set of trades in the market as the normal Martingale grid systems do.
The trades duration of FXTrackPro EA differs on certain accounts. The average trades duration time on the FXTrackPro Super EA of 6 currency pairs account mostly does not cross 9 days (look on the chart below).
The same indicator for two other accounts is mostly under 3-4 days which leads us to the conclusion that the EA does not keep trades open for a long time.
During the trading period of the Super version of the robot, FXtrackPro EA made 261 trades, which on average is 2.9 trades per day (look at the chart below). The ratio between winning and losing trades is 58/42%.
The same statistical indicator for two other accounts is way lower which is explained by the fact that there is only one currency pair each EA trades on. The average trade-per-day statistic for those accounts is 0.7 for the USDCAD account and 0.3 for the EURUSD account.
FXTrackPro EA has got two versions: the basic one which includes the availability of trading on up to 3 currency pairs and the Super version which makes it available to trade on 6 currency pairs.
There are 3 live accounts on Myfxbook available for this Forex robot. Two of them represent a basic FXTrackPro EA that trades on one currency pair and the third one is a representation of FXTrackPro EA Super version. The EA also has got 12 backtests to show the low and high-risk level performance of the robot on each currency pair.
The performance of the robot is quite impressive so far. During only 5-6 months of trading, it was able to collect 462.98% profit with 29.43% max level of floating drawdown on the Super version, 202.26% of the profit on EURUSD account, and 241.51% the USDCAD pair. The profit/drawdown ratio is 3:1, 1.3:1, and 1.5:1 respectively.
The specific trading strategy of the FXTrackPro EA supposedly is some kind of modified Martingale system that does not use griding and does not keep a set of trades in the market as the normal Martingale grid systems do.
Duration of the opened trades defers depending on the account but in general, the system closes trades within 3-9 days. The trading frequency also defers. The Super version that trades on 6 currency pairs makes on average 2.9 trade per day and two other accounts make 0.7 for the USDCAD account and 0.3 for the EURUSD account.
The price of the robot is quite consistent with the quality that the developer offers. FXTrackPro EA has got good trading results so far, it has a long list of backtests and a number of real live accounts on Myfxbook. There are also a 30-days money-back guarantee and 24/7 support. All this is enough to set a 5 out of 5 stars mark.
The profitability/drawdown ratio of the robot is very high (3:1 as a highest and 1.3:1 as a lowest) which gives me no chance to give it a lower mark than 5 out of 5.
The current trading period of 5 months on the live account is enough for doing some general conclusions which I did in the review but the robot still needs to work live at least 6-7 months more with the same quality trading to get higher results in this mark. The USDCAD statistics has 6 month of live trading which gives me an opportunity to mark the robot 3 out of 5 here.
As it was mentioned, developers made sure to provide a long list of backtests which have good quality and say a lot about the systems' possible profitability and durability through time. Also, it shows different variants of the trading using the system which is also good, but the backtesting period could be longer, so I give it 4 out of 5 here.
My own attitude about this Forex robot is good since the trading of FXTrackPro EA is quite profitable and at the same time, the risks are just exactable. Also, all the features that the developer includes in the robots' package and the respective price for it are enough for me to give it 4 out of 5. As it was mentioned, the robot needs to prove its consistency from a long-time perspective to get a higher mark.
At the moment of writing this review, the automated rating system of the ForexStore rated FXTrackPro EA 8 points out of 10 which is exactly the same equivalent 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!