MFWU (Managed Forex With Us) is a company providing different services like Managed Forex trading, Robot/EA development, Forex trade copier services, and Forex Signals. The robot trades with diversified risk and is managed by manual traders.
By paying $50 on a monthly basis, you can subscribe to the signals generated by one of the traders working for MFWU. Subscribing to the signals of additional traders would require you to pay $50 for each.
Managed Forex With Us Trading Strategy
After you get in touch with the service team, they will share the broker link with you and all you need to do is to provide your MT4 credentials. You are not required to open a PAMM/MAM account or sign any agreements to use the services of this EA. Because the trades are sourced from multiple traders, the risk is naturally diversified.
On the official website, the vendor has not provided us with any kind of strategy insight. We have no idea what kind of fundamental or technical analyses these traders perform to study the market, or what indicators are present in their trading strategy. The lack of strategy insight might deter many Forex traders from investing in this system.
Managed Forex With Us Features
MFWU employs programmers that convert the manual trading strategies created by real traders into algorithmic systems or robots. These robots then place trades without being influenced by human emotions. Manual traders suggest modifications for the robot and notify the programmer when it has to be turned off. This is said to significantly reduce the chance of losses occurring.
Managed Forex With Us Backtesting Results
We don’t have the backtesting results for the MFWU robot on the official website. The vendor has chosen not to share any data related to tests carried out on the system using historical data. These tests are usually conducted over a long time period and thus reflect the ability of the robot to endure changing market conditions.
Thus, in the absence of backtesting data, it is difficult to determine whether the robot can generate profits in the long term.
Managed Forex With Us Live Trading Results
On the official webpage, there are links provided for the systems of two traders called Tibor and Norbert, as well as a combo system for the managed Forex service. As you can see, the information is provided in tabular format, showing the type of trade, lot size, stop loss, take profit, open and close timings, commission, taxes, and profit.
Now, we don’t think this is the proper format for displaying the trading results of an automated system. All Forex traders look for live trading results that are verified by third-party websites like Myfxbook, FXStat, and FXBlue. These results reveal important performance parameters related to the robot, such as profit factor and relative drawdown.
In the absence of verified live trading results, it becomes difficult to trust MFWU. We cannot say with confidence that it can generate profits at a steady rate.
Managed Forex With Us Reputation
MFWU was formed by EA programmer Norbert Zoltan Nagy in his early 20s. He is said to have three years of experience in Forex trading. Some of the traders working for the company include Tibor Kun-Szabo, Csaba Bilinovics, and Istvan Korozsi. We don’t know what kind of experience these people possess, however. Also, it is not known whether this developer has built any other robots in the past.
We found a couple of user reviews concerning Managed Forex With Us. Both of these reviews are positive and have the users praising the performance of the EA. One user has also mentioned that the staff is extremely professional and helpful and they answer the queries within a few minutes.
Managed Forex With Us Review Summary
- Strategy – 3/10
- Functionality and Features – 4/10
- Trading Results – 3/10
- Reliability – 4/10
- Pricing – 5/10
Conclusion
MFWU (Managed Forex With Us) does not feel like a legitimate and trustworthy service provider. First of all, the vendor does not mention what kinds of strategies are used by the traders, so we don’t know how efficiently the robot can extract profits from the Forex market. Secondly, we have not been provided with any verified live statistics showing the real-time performance of the system.
All of this makes us think that this might be a scam service. It is unwise to invest in a robot that does not share backtesting and live trading results, regardless of how professional or transparent the company might seem.
