Forex Warrior Review

Screen Shot 2013-11-06 at 15.57.40This expert advisor has been essentially constructed to perform as Grid trader and has been specifically designed to operate continuously around the clock. This tool monitors both rising and falling markets simultaneously using a proven and well-tested Martingale strategy. Once entry opportunities are detected, this robot then enables buy limit orders during bulling conditions and Sell limit orders whenever bearish trends are prevalent.

These orders are placed in a software basket which has been specifically designed to minimize the negative impacts of slippage whenever Forex is experiencing high volatility. In addition, the Forex Warrior constantly evaluates the prevailing market conditions by optimizing its key parameters accordingly. One of the major features of this expert advisor is that it has been constructed to trade with the trend with the primary objectives of maximizing your profits while limiting your drawdowns.

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In addition, this tool strives hard to always provide your equity with maximum protection by implementing carefully located stop-losses everytime a position is activated. In fact, the design incorporates a series of powerful safety facilities enabling you to select your preferred level of risk depending on your own particular trading style. The key features of the Forex Warrior are as follows:

–      Designed to operate 24 hours a day throughout the entire trading week

–      Produces best results if traded using a Forex broker supporting leverage facilities of 300:1or above

–      This expert advisor functions using the hourly time frame

–      The Forex Warrior has been designed to fully exploit the fourth and fifth decimal places of the prices quoted

–      This tool provides a 30-day guarantee in case of customer dissatisfaction

–      Produces its best performances when trading the NZD/USD, EUR/USD, GBP/USD, EUR/GBP and the USD/CHF

–      Requires a minimum deposit of just $100 to commence trading

So, does the performance of the Forex Warrior really reflect all these impressive features or is it just another over-hyped product? The following analysis is intended to shed light on these important 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

2717

2709

2707

2711

Short Positions (won)

1412

1404

1402

1406

Long Positions (won)

1311

1303

1301

1305

Profit Trades

1693

1685

1683

1687

Loss trades

1030

1022

1020

1024

Largest Profit

$2,410

$2,402

$2,400

$2404

Largest Loss

$414

$406

$404

$408

Average Profit

$26

$27

$25

$26

Average Loss

$30

$22

$20

$24

Maximum Consecutive Wins

22

14

12

16

Maximum Consecutive Losses

16

8

6

10

Average Consecutive Wins

4

2

6

4

Average Consecutive Loss

$1

$2

$3

2

 

Key Parameters

At this stage, a methodology is required enabling you to establish if the Forex Warrior merits additional attention. You can readily accomplish this goal by calculating its expectancy value, reward-to-risk ratio and win-to-loss. These key performance parameters are now determined for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 62%

2.       Reward-to-Risk ratio = 1.08

3.       Expectancy Value = $7.00

These results demonstrate that the Forex Warrior will deliver a return of $7 for each US Dollar risked over the long term.

User Comments

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

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Verdict

This Forex software product boosts impressive performance parameters, as typified by an above average win-to-loss ratio. In addition, the reward-to-risk ratio is greater than unity, which is always a promising sign. Accordingly, a notable expectancy value of $7 was posted. As, such, the Forex Warrior unquestionably merits a deeper analysis because of these encouraging results. One of the best methods that you can now utilize to achieve this objective is to implement our advised plan of action.

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