Forex Trading has excellent profit-generating potential provided you use the right strategy for trading. This is where automatic trading systems help you. The automated systems identify the right strategy and trade execution making your work easier.
StrategyQuant X is one such platform that focuses on strategy development and research. The developers claim that the system can create new automated systems for any market and timeframe.
This strategy generator system is available in three packages namely, starter, professional, and ultimate system priced at $1290, $1490, and $2900. Flexible payment options are provided where a subscriber can pick the one time or the monthly installment payment methods.
StrategyQuant X Trading Strategy
Based on the website info, this system is capable of combining and verifying numerous entries and exit conditions, price levels, and order types. The automated system is able to spot the strategies that perform best for you based on the selection criteria you have chosen. Once the strategies are generated, you can export them to the source code of the trading platform you use as MQL.
This system supports MT4, MT5, EasyLanguage, etc. An advanced machine learning method is used to generate the strategies which then undergo quality testing using advanced backtests and optimization instruments. With these strategies, you can succeed in generating profits.
StrategyQuant X Features
Significant features of this automated strategy generator system include
- Capability to build multiple trading strategies
- Develop strategies on any timeframe or market
- Use multiple criteria to filter the generated strategies
- Improve your existing trading approaches
With the above features, the developers aim to spot new strategies of high quality and minimize trading errors that occur due to human factors.
Using the robustness tools and research skills of this system, you can gain a verifiable edge over the market. Since the system is automated you need not spend your valuable time searching for the right strategy. This system does all the work needed in a shorter time.
All three packages of this system come with strategy builder, retester, improver, integrated strategy editor, and Tick precision backtesting.
StrategyQuant X Backtesting Results
The vendor claims that the system has its own backtesting machine that generates thousands of backtests every second based on the data provided and test precision. Further, the tests are done using high-quality Tick data from Dukascopy.
But we could not find any backtests of the system provided on the official site. The strategy reports are an important part of performance evaluation, so without the tests, we are unable to do a comprehensive assessment of the system’s efficacy.
StrategyQuant X Live Trading Results
While the developers provide several features that help you identify the right strategy, optimize it and use it for profitable trades, there are no verified results offered. Trading results verified by reliable third-party sites such as the myfxbook site, FXBlue, etc. provide important details that reveal the effectiveness of the system. Without such results, we are unable to evaluate the system fully.
StrategyQuant X Reputation
From the info provided on the website, this system is based in Prague, Czech Republic, EU with its Asia office located in Hong Kong. Info is also provided on the founders and developers, and support team.
QuantAnalyser and AlgoWizard are the two main products of this group. The former helps in analyzing real account results and backtests so you can make improvements. AlgoWizard aids in creating and backtesting trading strategies with the proprietary backtesting engine.
Several positive testimonials from users are posted on the official site. While these stand the risk of being manipulated, we also found feedback on the Forexpeacearmy site. Here are screenshots of a few of the reviews.
From the reviews, it is clear that the system works effectively when used with the right selection criteria. The negative reviews are mostly about bugs in the software which can affect the performance. However, the website has a ‘Report bug’ feature, which we believe resolves such issues.
StrategyQuant X Review Summary
- Strategy – 6/10
- Functionality & Features – 8/10
- Trading Results – 4/10
- Reliability – 5/10
- Pricing – 4/10
Conclusion
As we conclude our StrategyQuant X review, we find the strategy generator system has several advantages as well as a few downsides. On the positive side, the system is well-developed with several unique features such as custom workflow, inbuilt optimizer and strategy editor, retester mode, and more. With the website revealing info on the developer team and their location, the system shows adequate transparency.
The lack of verified results and backtests are faults that could be rectified by the developers to make the system more reliable. Another drawback is the price which is very expensive.
We like the fact that despite the system having several advanced features, users do not need programming knowledge for finding the right strategy. In short, this system has the potential to turn into an effective system if the few shortcomings we pointed are taken care of.
