Forex Auto Millions is an advisor that works on a demo account trying to prove that it’s a stable and profitable solution. The presentation doesn’t look informative and welcome. So, we are here to figure out if the system is good to go.
Forex Auto Millions trading strategy
- We don’t know what strategy is behind the system.
- It can open orders on EURUSD only.
- The core time frame to trade is M5.
Forex Auto Millions features
The presentation almost doesn’t have details, features, settings explanations. We don’t know why the devs decided not to tell us this.
- The advisor was designed to help developers and other owners to work on the market automatically.
- We are allowed to trade on MT4.
- It doesn’t work with strategies that set the account at higher risks like Grid, Hedge, and Martingale.
- We can open orders on EURUSD.
- It works on the low time frame – M5.
- The testing occurred on the original tick data with 99% of its quality.
- This doesn’t guarantee how the system will work on the market.
- We can set risks that will be good for us.
- There’s a money-back guarantee applied to cover us if something goes wrong.
- There is a user guide provided either.
- The advisor doesn’t require us to have a trading experience to get started.
- We have a three step way to start working with it.
We can purchase a robot for $99 only. There’s no information about what that package includes or how many real and demo account licenses we can use.
Forex Auto Millions backtesting results
There’s a backtest of EURUSD on M5 published. The data period was 18 years. The modeling quality was 99.90% when the spreads were variable. The maximum drawdown was 5.04%. It’s a good number. The robot has executed 7382 deals with a 100% win rate for short trading positions. It skipped trading the long direction.
Forex Auto Millions live trading results
The robot keeps running a demo USD account on FXOpen. The leverage isn’t mentioned. It works with the data from MT4. The account has a verified track record. This means we can trust the charts and data we see. The profile was created on April 08, 2021. Since then,its total gain has grown to 78.17%. An average monthly gain is 6.10%. The maximum drawdown is 39.73%. Only one trader checks the results.
It has executed 630 orders with 2355.6 pips. An average win is 4.99 pips when an average loss is insanely deeper – 74.12 pips. The win rate for short trading positions is 98% (620/630). Like on backtests, the robot doesn’t work with the long direction.
It doesn’t work with the buy direction.
Most of the orders are executed at night and during the Asian session.
Monday is the most traded day with 180 orders.
The system traded with moderated risks to the balance.
As it was before, we don’t have access to closed orders.
Forex Auto Millions reputation
The presentation includes various testimonials about how people are happy with this system.
The company has its own page on Forex Peace Army. There are no trading accounts connected.
This review was written by a guest over three years ago. So, it can’t be relevant now.
Forex Auto Millions review summary
- Strategy – score (8/10)
- Functionality & Features – score (6/10)
- Trading Results – score (6/10)
- Reliability – score (6/10)
- Pricing – score (8/10)
Forex Auto Millions opens orders only on a demo account. The system focuses on trading the sell direction of the EURUSD pair. It works with a high win rate. Alas, the devs didn’t provide us with requirements on how this can happen.
