Forex Venture Bot is a mid-term oriented Expert Advisor with a relatively low trading frequency. On average trades remain open for about two days.
The EA uses different indicators to identify the point when a trend is losing enough momentum for a reversal to occur. All trading signals are verified based on price action before positions are opened. Stop loss and take profit limits are dynamically calculated and internally managed, additionally a safety stop loss is placed at around 200 pips.
Forex Venture Bot provides a money management as well as the option to trade with a fixed lot size. There are no other parameters that are relevant for trading.
Based on the backtests, Forex Venture Bot reaches a good risk-reward-ratio of about 2:1 whereby the performance increases significantly from 2013 onwards.
00:00 - 24:00 GMT
Payment through Clickbank.
The developer grants an unrestricted right to return within 60 days of purchase which will be paid back through Clickbank.
The licence is valid for one live or demo account and includes support and upgrades. The licence can be managed in the members area of the developer's website.
A 14-pages manual explains in detail the installation and set up of Forex Venture Bot as well as the few input parameters.
The performance of Forex Venture Bot is demonstrated, as follows, on an exclusive Darwinex Live account as well as on a live account of the developers.
Forex Venture Bot backtests for the period 2009 - 2015 are shown below.
year 2009 - 2015, spread: 2 pips, risk: 10%
year 2009 - 2015, spread: 2 pips, lots: 0.10
year 2013 - 2015, spread: 2 pips, risk: 10%
year 2013 - 2015, spread: 2 pips, lots: 0.10
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