Forex Cleaner was developed to adapt to changing market conditions. This is achieved by adjusting the trading strategy as well as take profit and stop loss limits accordingly.
The take profit limit can swing between 5 pips and 250 pips while the stop loss limit stays in the range from 10 pips to 135 pips. In a ranging market Forex Cleaner behaves more like a scalper to switch into a more trend folling mode when a trend is detected. However, those are not exactly different strategies that can be switched on or off, but a progressive adaption to the market conditions.
It should be noted that Forex Cleaner makes its decisions whether to open or close a position only every 30 minutes when a new M30 candle is opened. This increases the risk to exceed the stop loss limit of 135 pips in case of a fast price movement while on the other hand allows the price to swing back into range if it turns out that the movement was only a spike and the price reverses.
With a risk-reward-ratio of about 3:2 Forex Cleaner achieves quite a good value whereas loss periods of several weeks as well as sideward movements should be expected.
Except for the money management parameters all trading settings are handled internally and cannot be changed.
Range trading / Trend follower
00:00 - 24:00 GMT
Payment through RegNow.
Voucher for a 10% discount: FXGE-8O6H-FRVQ
The developers grant an unrestricted right to return within 60 days of purchase which will be paid back through RegNow.
The licence is valid for two live and up to three demo accounts and includes support and updates.
An online manual explaining the installation and set up of Forex Cleaner is available on the website of the developer.
The performance of Forex Cleaner is demonstrated, as follows, on an exclusive IBFX Australia Live account.
Backtests for Forex Cleaner for the period 2009 - 2013 are shown below.
year 2009 - 2013, spread: 2.0 pips, risk: 3%
year 2009 - 2013, spread: 2.0 pips, lots: 0.05
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