Forex Striker Robot Revew - Live Testing Begins this Week

In the coming weeks I'll be live demo testing commercial Forex robots. We'll start off with the Forex Striker EA. I decided to review the Forex Striker because it was just released in late October. The Forex Striker boasts an astounding 88% win rate over the past 7 years of back-testing. Even more impressively there are live real money results from 350 beta-testers.

Before I get into the claims, I'll give you some basics on an EA (Expert Advisor). An EA is simply a program that runs on your Forex Broker's MT4 (Metatrader) platform and enters and exits trades automatically based on your selected properties. Since the Forex market is open 24/7, your MT4 platform will need to be up and running around the clock. The easiest way to achieve this is to subscribe to a Virtual Private Server (VPS). A VPS is like having an off site server running a computer operating system around the clock. Your VPS can be easily accessed from any computer. The VPS ensures that your MT4 will run uninterrupted. I set my VPS up through UCV Host. They charge $17 for their basic VPS which is sufficient to run your MT4. Alternatively you can have your home PC running the MT4 24/7. You'll need to make sure it is not set to hibernate.

The Forex Striker comes with the 2 files needed to run the program, a license key code, and a PDF instruction manual. The EA runs on the 5-minute EUR/USD and GBP/USD charts. Customizable settings allow you to set various parameters. Forex Striker automatically calculates your maximum lot size based on your account balance and leverage. You can set the percentage of the maximum lot based on your personal risk tolerance. I plan to use out-of-the-box settings for my demo account. I was literally up in running in less than 5 minutes. It is extremely easy, even for somebody who have never traded Forex.

Forex Striker claims to be the first patented Forex trading robot. Over a 7 year back-test the Forex Striker won 87.01% of short trades and 88.35% of long trades. The most consecutive losing trades was only 3, while the most consecutive wins was a tremendous 40! The average number of consecutive winning trades is 8. The creators of Forex Striker engaged 350 live real money beta-testers. Group 1 began in June and 98% of the accounts were profitable. Most accounts have grown over 100%! Group 2 began in October and 96% are profitable.

The Forex Striker is available for a one-time payment of $147 and comes with a 60-day "no questions asked" money back guarantee. My Forex Striker is set up and ready to go as soon as the market opens this evening. I will post week 1 results next weekend and likely do a video blog as well. Follow me on Twitter for updates.