FXTrackPro Forex Robot

FXHelix AUDUSD
FXHelix AUDUSD
Visit the Developer's Website!

Minimal Deposit:

$350for 0.01 lot

Type of Trading:

  • Trend Strategy

Trading Pairs:

  • EURUSD, USDCAD, GBPUSD, EURJPY, USDJPY , CHFJPY

Leverage:

  • 1:200 or Higher

Friendly EA Broker:

  • XM Broker

FXTrackPro EA is one of the newest Forex robots that shows itself as a very profitable low-risk trading strategy. In this Forex robot review, we’re going to break down the pros and cons of this automated trading system to see if it’s worth purchasing for long-term trading.

Live Statistics with the Real Money Results

Here are the results of trading on our account with real money! As you can see, the profitability of FXTrackPro EA is constant and does not have unprofitable trading weeks or months. All our trading results are verified by the independent company Myfxbook.

FXTrackPro Super – Real

FXTrackPro – EURUSD

FXTrackPro – USDCAD

Backtest Statistics

These are the results of testing our FXTruckPRO EA on historical data (backtest), on the basis of which we can make forecasts of how the EA will behave in the future, and determine how profitable and reliable it is. These backtest results complement the statistics of trading on our real account, which has been successfully trading for a long time.

Test on EURUSD

Trading with high risk for several years, the EA has earned 2 350 515%

FXTrackPro_EURUSD_HighRisk_BackTest

Test on USDCAD

Trading with high risk for several years, the EA has earned 1 078 828%

FXTrackPro_USDCAD_HighRisk_BackTest

Test on EURJPY

Trading with high risk for several years, the EA has earned 1 531 742%

FXTrackPro_EURJPY_HighRisk_BackTest

Test on GBPUSD

Trading with high risk for several years, the EA has earned 606 289%

FXTrackPro_GBPUSD_HighRisk_BackTest

Test on USDJPY

Trading with high risk for several years, the EA has earned 256 408%

FXTrackPro_USDJPY_HighRisk_BackTest

Test on CHFJPY

Trading with high risk for several years, the EA has earned 261 236%

FXTrackPro_CHFJPY_HighRisk_BackTest

FXTrackPro EA has got a long list of backtests which consists of 12 positions. Developers of this Forex robot made sure that every currency pair the robot is able to trade on is backtested properly. Each of the 6 currency pairs that are supported by the FXTrackPro EA is backtested with high-risk and low-risk trading strategies on the historical quotes from 2017 to 2020.

All the backtests were made on the basic Myfxbook backtester on the 1H timeframe with 90% accuracy which is okay for this EA because it does not use scalping strategy and doesn’t need the precise every tick data for its proper work. As we can see from the statistics the EA showed itself very stable and constant.

Profitability & Drawdown

  • FXTrackPro EA is available in two different versions: in the basic version which allows trading on 3 currency pairs (EURUSD, GBPUSD, USDJPY), and in the Super version which allows trading on 6 currency pairs (EURUSD, USDCAD, GBPUSD, EURJPY, USDJPY, and CHFJPY).

  • As it’s been mentioned the EA has got 3 live trading accounts on Myfxbook which trade on different currency pairs. The statistic for FXTrackPro EA on EURUSD pair is available on the Myfxbook account named “FXTrackPRO_EURUSD”, the statistic on USDCAD pair performance is available on “FXTrackPRO_USDCAD” account and the statistics for trading on all of the 6 pairs is available on the “FXTrackPRO_6pairs” account which represents the Super version on the FXTrackPro EA.

  • The best performing account of the robot is the FXTrackPro Super EA which works on 6 currency pairs. Having only 5 months of live trading the EA was able to collect 462.98% of profit having a maximum floating drawdown level of 29.43%.

FxHelix Review Drawdown and profitability
  • Taking into account all the statistics of FXTrackPro Super EA live trading we can calculate an approximate profit/drawdown ratio of 3:1 which actually looks pretty high.

  • The two other accounts have lower performance levels but still, go pretty high for as if comparing with the average Forex robots out there. FXTRackPro EA shows 202.26% of the profit on the EURUSD account and 241.51% of the profit on the USDCAD account which in the perspective of only 5 months of live trading and together with 30.66% and 30.54% of drawdown respectively still looks very good (look on the screenshots below).

FxHelix Review Drawdown and profitability
FxHelix Review Drawdown and profitability
  • The profit/drawdown ratio for those two live accounts is quite similar as we see that the statistics of them are also close. So, the ratio for the EURUSD account is 1.3:1 and for the USDCAD it is 1.5:1. These results are also impressive as for only 5 months trading period. There is still almost 40% more profit on the USDCAD account which gives it 0.2 points in the ratio comparison.

Type of Trading

  • There is not much information about the specific trading strategy or algorithms of FXTrackPro EA given by developers. All that is said about the trading logic of the robot is this:

  • “Our Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm. It means that in one situation FXTrackPRO takes the data from one indicator and starts trading, and in a different Market situation, it takes into account another indicator in order to choose the best entry point, and use an appropriate trading style in the current Market conditions. This approach made it possible to achieve great efficiency in profitability and reduce drawdown”.

  • But when analyzing trading history, we can see some kind of a Martingale tendency. The three levels of trading logic explained by the developer might be working in like a lot-rising after closed unprofitable trade. It seems that it could be one or even two trades with a risen lot-size. Mostly, those trades close in profit which is clearly could be seen on the trading curve from Myfxbook.

FxHelix Review Drawdown and profitability
  • For example, on the trading graph of the USDCAD account, we can clearly see some wavy-looking up and down moves that represent the logic explained before. It should be noticed that downward moves are not any kind of unexpected stop losses or something like that. It seems that this is the logic of the EA.

  • If we look at the chart below, it is easy to see the same logic in a different way. There should be some kind of default value of pips in profit when the system closes profitable trade. (In this example it is 40 pips). And if the trade is unprofitable it closes and the following trade raises lot-size to overlap losses (check out the screenshot below).

FxHelix Review Drawdown and profitability
  • So we can guess that this is some kind of modified Martingale system that does not use griding and does not keep a set of trades in the market as the normal Martingale grid systems do.

  • The trades duration of FXTrackPro EA differs on certain accounts. The average trades duration time on the FXTrackPro Super EA of 6 currency pairs account mostly does not cross 9 days (look on the chart below).

FxHelix Review Drawdown and profitability
  • The same indicator for two other accounts is mostly under 3-4 days which leads us to the conclusion that the EA does not keep trades open for a long time.

  • During the trading period of the Super version of the robot, FXtrackPro EA made 261 trades, which on average is 2.9 trades per day (look at the chart below). The ratio between winning and losing trades is 58/42%.

FxHelix Review Drawdown and profitability
  • The same statistical indicator for two other accounts is way lower which is explained by the fact that there is only one currency pair each EA trades on. The average trade-per-day statistic for those accounts is 0.7 for the USDCAD account and 0.3 for the EURUSD account.

Conclusion

  • FXTrackPro EA has got two versions: the basic one which includes the availability of trading on up to 3 currency pairs and the Super version which makes it available to trade on 6 currency pairs.

  • There are 3 live accounts on Myfxbook available for this Forex robot. Two of them represent a basic FXTrackPro EA that trades on one currency pair and the third one is a representation of FXTrackPro EA Super version. The EA also has got 12 backtests to show the low and high-risk level performance of the robot on each currency pair.

  • The performance of the robot is quite impressive so far. During only 5-6 months of trading, it was able to collect 462.98% profit with 29.43% max level of floating drawdown on the Super version, 202.26% of the profit on EURUSD account, and 241.51% the USDCAD pair. The profit/drawdown ratio is 3:1, 1.3:1, and 1.5:1 respectively.

  • The specific trading strategy of the FXTrackPro EA supposedly is some kind of modified Martingale system that does not use griding and does not keep a set of trades in the market as the normal Martingale grid systems do.

  • Duration of the opened trades defers depending on the account but in general, the system closes trades within 3-9 days. The trading frequency also defers. The Super version that trades on 6 currency pairs makes on average 2.9 trade per day and two other accounts make 0.7 for the USDCAD account and 0.3 for the EURUSD account.

Purchase includes

FXHelix AUDUSD

FXTrackPro:

  • One license for any trading account

  • Possibility to change account number online without restrictions

  • Compatible with MetaTrader 4 and MetaTrader 5 terminals

  • Works with currency pairs: EURUSD, GBPUSD
    and USDJPY

  • Free Lifetime Updates

  • High-quality and friendly technical support 24/7

$ 325

FXHelix AUDUSD

FXTrackPro Super:

  • One license for any trading account

  • Possibility to change account number online without restrictions

  • Compatible with MetaTrader 4 and MetaTrader 5 terminals

  • Works with currency pairs: EURUSD, USDCAD, GBPUSD, EURJPY, USDJPY and CHFJPY

  • Free Lifetime Updates

  • High-quality and friendly technical support 24/7

$ 445

Visit the Developer’s Website!

FXTrackPRO

$ 325
9.3

Price

7.5/10

Strategy

9.5/10

Results

10.0/10

Support

10.0/10

Authors’ rating

9.5/10

Pros

  • High “profit factor”
  • Live trading results
  • EA for MetaTrader 4 and MetaTrader 5
  • High-quality and friendly technical support 24/7
  • 30 day money back guarantee