Forex Fury

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.

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.

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.

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. 

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.