Forex Junkie Review

Forex JunkieThe designer of this Forex robot claims that he is using it himself to increase his own original small deposit into a life-changing amount. Specifically, he has developed the Forex Junkie to hone into short-term price movements of currency pairs with the intent of identifying quality trading opportunities exhibiting optimum profit potential supported by minimum risk exposure.

Consequently, his expert advisor incorporates a well-tested scalping strategy with an additional swing component also incorporated into the design. This product also targets medium term trends with the objective of maximizing its returns.

The key features of the Forex Junkie are as follows:

–      The tool aims to produce an average monthly return of about 30%

–      A well-tested money management strategy that has been built into the design providing optimum protection for your trading capital by never subjecting it to excessive levels of risk

–      This product has acquired a profitable track record since its inception a few years ago which can be readily verified

–      The main account utilizes a leverage facility of 400:1 enabling your own deposits to be kept at minimum levels

–      As the design utilizes hedging frequently, it is not compliant to USA regulations. Consequently this product is not suitable for USA citizens

–      The Forex Junkie is supported by a professional customer service which is readily available throughout the entire trading week

So, how does the actual investing functionality of the ForexStriker compare to all these kinds of aggressive advertising boasts? Is this device over-hyped? The next test results and resulting evaluation are supplied with the distinct purpose of generating objective responses to these essential queries.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now detailed in the following table. In addition, the average values are displayed in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

764

762

772

766

Short Positions (won)

306

304

314

308

Long Positions (won)

456

454

464

458

Profit Trades

585

583

593

587

Loss trades

177

175

185

179

Largest Profit

$85

$83

$93

$87

Largest Loss

$236

$234

$244

$238

Average Profit

$4

$5

$6

$5

Average Loss

$3

$1

$11

$5

Maximum Consecutive Wins

30

28

38

32

Maximum Consecutive Losses

4

2

12

6

Average Consecutive Wins

2

0

10

4

Average Consecutive Loss

1

1

1

1

 

Key Parameters

At this point, you now need a process that can advise you if the Forex Junkie would be a valuable purchase. You can achieve this objective by determining its win-to-loss ratio, reward-to-risk ratio and expectancy value. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 77%

2.       Reward-to-Risk ratio = 1.0

3.       Expectancy Value = $2.70

Subsequently, you can anticipate earning a profit of $2.70 for every dollar invested over the long-term from trading by the Forex Junkie Expert Advisor.

User Comments

A thorough internet investigation has not unearthed any serious negative comments or reviews about the Forex Junkie. However, no positive statements or recommendations were discovered either.

Verdict

Although this expert advisor produced relatively promising performance parameters, there are a number of worrying aspects about the results generated. For instance, the size of the average win, as presented above, is relatively small, i.e. £5. As such, this figure offsets the benefits of the impressive win-to-loss (W/L) ratio of 77%.

Therefore, the vital performance parameter, expectancy value (EV), is detrimentally influenced by the depressing RR so that its price is just an uninspiring $2. 40. As the test results included in the assessment required many months to gather, the poor EV does not offer enough protection to assert that the Forex Junkie could constantly produce sequences of sizeable profits over comparable schedules down the road. The primary issue is that this expert advisor is probably not capable of countering a string of damaging trading situations. Nevertheless, if the Forex Junkie still catches your focus, then you should consider applying our proposed course of actions as your subsequent step.

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