FXClassicTrader is a robot that’s introduced as a creative Forex expert advisor.
The presentation includes some statistics. We’ve checked it, the number of profit days is fake because it’s several times more than verified trading results. If this is a lie, then the rest can be a lie too.
The EA sells in three packages: Basic, Business, and Premium. The first one costs $109 for a lifetime license. It includes one real and one demo accounts, free updates, and upgrades. The Business package costs $129 and includes two real and two demo licenses. The Premium package for $149 is featured by three real and three demo licenses.
FXClassicTrader Trading Strategy
The main strategy is swing trading between support and resistance levels with the addition of the indicators to make them more accurate.
FXClassicTrader Features
The features are split across the whole presentation, but we’ve gathered them together:
- The robot trades automatically.
- It can work only on the MT4 terminal.
- There’s a well-designed money-management system.
- It can work with any broker.
- It supports NFA and FIFO-rules.
- The system automatically calculates Lot Size based on the desired risks.
There are some requirements to trade with it successfully:
- We have to run the EA only on MT4.
- Low Spread is a strong option to make more profits.
- The minimum leverage should be set at 1:50.
- The recommended leverage level has to be from 1:100 to up to 1:500.
- It was designed and had to be run on the five-digits price charts.
- The minimum balance requirements are $200 for trading with 0.01 Lot Size.
- The robot has to be online for 24/5.
FXClassicTrader Backtesting Results
It’s a EUR/GBP report on the H1 time frame that was performed from 2017 until the end of March 2020. The modeling quality was 90.00%, and spreads were 20. An initial deposit of $499 became $783k of the total net profit. The Profit Factor was 13.23. The robot closed 429 trades with 85%-86% win-rates.
FXClassicTrader Live Trading Results
We have a real USD fx blue-verified account. It was created on March 29, 2020, and funded twice at $1978 and $1010. Since March, the closed profit has become +$9098.21.
FXClassic Trader works only with the EUR/GBP currency pair. The total net profit is +348.3%. An average monthly gain is +21.8%. The maximum drawdown was very little (1.8%). The win-rate is only 67.1%. The Profit Factor was so different compared to the backtest one. The trading frequency is 4-5 deals a week. FXClassic Trader is online for 229 days.
The risk to reward ratio is high (4.75). The average trade length is 2.5 days. An average win (+$159.22) equals an average loss (-$155.86).
The EA trades both directions equally with a little advantage of the BUY one (+$4943.89) over the SELL one (+$4154.32).
It uses only one system to make profits.
The robot trades all days equally. The best Profit Factor was on Fridays (4.36). The worst one was on Mondays (1.10).
Most trades were opened right during a European session.
In the last several months, the EA has been trading much worse than at the start.
FXClassicTrader Reputation
The company uses free pictures from Stockphoto. All their design looks like the one that’s done for several hours without caring about people’s opinions and usability.
There should be their contacts and office location. So, no luck for us. They use Gmail instead of their own email service. Social network links aren’t active.
FXClassicTrader Review Summary
- Strategy – score (5/10)
- Functionality & Features – score (3/10)
- Trading Results – score (7/10)
- Reliability – score (4/10)
- Pricing – score (4/10)
Conclusion
FXClassicTrader is a swing trading robot that trades deals for several days before they reach SL or TP levels. The EA works only with a single symbol (EUR/GBP), trading on the H1 time frame. All of this requires a high level of margin to overtake possible drawdowns. Talking about the site, it looks unprofessional and includes many manipulations and lies like “1772 profit day” and so on. For now, FXClassicTrader is not an option to buy.
