Full backtests of the FXMachine EA are available for download here: Click Here
The development and support of FXMachine and our other robots is carried out by a professional team that has more than 14 years of experience in the Forex field. During these 14 years we have been improving our developments and finding better and more effective approaches to trading.
If you were to ask us what is the best piece of advice we can give for determining which EA is good and which is not, we would give the following answer: the most important thing is to look at the results of a robot trading on a real money account to see how many years of history it has and how well the EA performs. If the EA does not have statistics on a real account or it is only a couple of months long, then this EA cannot be good, believe us, we know this for sure. And it doesn’t matter how beautiful or perfect backtests it makes, there are a lot of algorithms and tricks on how to make backtest generation beautiful, but in real trading that will not work at all. The same applies to trading on a demo account.
FXMachine is a highly intelligent trading system. We spent a lot of time working on it and improving it, and finally, at the beginning of 2020 we started our first live tests. It trades successfully to this day and shows quite a high profitability with low drawdowns, which you can see for yourself by looking at our trading statistics. We do not consider results on demo accounts to be relevant, so we provide results on real accounts only.
Principle of operation:
While developing FXMachine, we decided to use well-known and standard methods of Market analysis (indicators, price movement, bar analysis…) with a non-standard view and data evaluation. That brought unique results, and by continuing to work on them, we developed the most suitable algorithms for supporting orders that were opened based on these signals.
Our robot tries to open no more than 1-2 orders based on signals and close them in profit. If after some time and certain events, this order (or several) could not reach preferred goals (profits) according to the signal, then the system activates a mode of searching for an exit from this trade. At this stage, an order(s) may close at a small profit, sometimes at a small loss or at breakeven. If there are several orders opened by a signal, the system can try to close them all together to reduce risks, or in order to achieve a certain profit.
In a situation when it is not possible to quickly receive profit from an order, or minimize losses, and the order stays in the Market for too long, the next part of the program is being activated – the support algorithm. This algorithm allows you to significantly speed up the process of closing of orders in profit, without allowing a small drawdown that has formed to drag on for a long time. This allows us to stabilize the result, so that profitability could be consistent, and drawdowns, if they did happen, were rare and ended quickly.
Advantages and features:
FXMachine was developed based on simplicity and versatility, so that every trader could use our robot. FXMachine has the following advantages:
You can read a detailed user manual with the description of all the parameters here: Click Here