FX Monetizer is an Expert Advisor, that generates trading signals based on volatility.
With just about 2 or 3 trades per month FX Monetizer is one of the less active EAs. Open positions are protected by a stop loss limit which is - like the take profit limit - automatically calculated and adjusted based on current market conditions.
Except for the lot size none of the trading parameters are visible to the user. To get access to these parameters an upgrade to the advanced version is required. The advanced version also supports three additional currency pairs.
Based on backtests, the risk reward ratio of the standard version ranges around 1:2 which - despite of a hit ratio of just 40% - should allow a positive performance on a mid-term basis. The additional currency pairs that come with the advanced version, however, only show an upward trend for the last few months.
EUR/USD, (AUD/USD, GBP/USD, NZD/USD)
00:00 - 24:00 GMT
Standard version USD 127 | Upgrade to advanced version USD 97
Payment through SafeCart.
The developer of FX Monetizer grants an unrestricted right to return within 60 days of purchase which will be paid back through SafeCart.
The licence is valid for one live or demo account and includes support and updates. An account management tool is provided with the EA to activate and manage the licence which also caters for a change of the activated account by the user himself.
A 9-pages manual explains the installation and set up of FX Monetizer.
The performance of FX Monetizer is demonstrated, as follows, on an exclusive Synergy FX live account as well as on a live account of the developer.
FX Monetizer backtests for the period 2010 - 2014 are shown below. Backtests prior to 2010 have been disabled by the developer, however, as this can be bypassed a backtest for EURUSD for the period 2009 - 2014 is shown as well.
EURUSD, years 2010 - 2014, spread: 2 pips, lots: 0.05
EURUSD, years 2009 - 2014, spread: 2 pips, lots: 0.05
AUDUSD, years 2010 - 2014, spread: 3 pips, lots: 0.05
GBPUSD, years 2010 - 2014, spread: 2 pips, lots: 0.05
NZDUSD, years 2010 - 2014, spread: 3 pips, lots: 0.05
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