The automated foreign exchange trading system known as FX Fortnite, also known as a forex robot, was designed to operate on the MetaTrader 4 platform, which is compatible with desktop computers and laptops. Users need only load FX Fortnite onto the charts of their trading platform, and the software will immediately begin analyzing the markets in search of profitable trading chances. The robot will be able to place and manage trades according to the settings that have been implemented when it finds them. Even while the FX Fortnite backtesting and real confirmed results reveal satisfactory historical results, it must be emphasized that there is absolutely no correlation between past success and future outcomes.
Although a forex robot can be a hands-off solution for those of you who do not have the time or knowledge required to trade manually, there are several crucial pros and disadvantages to keep in mind before making a decision to use one. In this evaluation of the FX Fortnite Robot, we are going to investigate the trading method that it employs, as well as the backtests, and most crucially, any verifiable results. We hope that this information will assist you in determining whether or not the FX Fortnite Forex Robot is a tool that you might be interested in implementing on your forex trading account.
FX Fortnite EA Features
The author’s algorithm is utilized by the FX Fortnite expert advisor (EA) in order to do an analysis of the market for divergences and convergences. It is simple to use and provides you with clear instructions that will assist you in getting set up on your platform. In the event that assistance is required, support services are available around the clock.
EA’s FX Fortnite uses a combination of High, Middle, and Low Risk Settings, along with Trend and Hedging. According to the developer, the indicator is at its most effective when used to the EURCHF pair on the H1 period. In an effort to obtain higher risk adjusted returns, some hedging and trend following tactics are utilized. It evaluates the return characteristics of a trend following strategy using a lookback straddle approach, which it implements. The trades are executed in an effort to capitalize on the high amount of volatility in the market.
You have the option of using the robot with the default settings, which the developer has already optimized for best performance, or you can make your own individualized settings from scratch. Undoubtedly, you will be required to modify the lot size or the risk level to a level that is suited for the preferences you have regarding trading. You are free to use any amount of account balance or leverage that you choose when trading with the FX Fortnite EA. Never put more money on the line than you can afford to lose, as the old adage goes.
Key features of FX Fortnite include the following: 100% fully automatic trading; multiple real and demo account licenses depending on the package chosen; free upgrades and support; manual PDF and EA SET files; a 30-day money-back guarantee.
You are free to play with the parameters of the FX Fortnite Forex Robot in order to construct your own set files to meet your specific needs, provided that you have the necessary skills. I would utilize the MT4 strategy tester to backtest the program across a variety of currency pairs and chart periods in order to find the one-of-a-kind combination of parameters that best suits my trading style and objectives. There are recommended currency pairs to utilize, however it does not mean that the algorithm cannot be used to other types of financial instruments.
Although the FX Fortnite EA is a fully automated forex trading robot, the software can be set to operate in a semi-automated mode, in which case it will send you an alert when it discovers a trading signal. You can then decide whether you would like to enter the market at that time or wait for the next opportunity to present itself. I believe that it is important to supplement any trades made by an automated trading system with additional confirmation from my own personal market analysis whenever it is practicable to do so. This could include both fundamental and price action analysis as well as technical analysis. In general, the more facets of market analysis that you have covered, the more educated the trade judgments that you can make.
Back Testing for FX Fortnite Conducted by EA
There are some back tests available on the FX Fortnite website, but the quality of the modeling is only 90% complete. This indicates that their accuracy is not as high as it may be and that they did not incorporate changeable spreads, commissions, or slippage in their calculations. To identify settings that are suitable to my chosen trading style, I would utilize a back-testing software like Birts tick data suite (TDS), for example, to conduct some more accurate optimizations across a variety of trading instruments and timeframes. Because spreads, commissions, and slippage can be the deciding factors in whether a trading strategy is profitable or not, I believe that these aspects should be accounted for in any back tests that are conducted. The Forex Robotron EA is comparable to the majority of the best forex robots available today, which all have 99% in their modeling quality testing.
FX Fortnite EA Live Results
It is encouraging to note that the developer has made available to us a Myfxbook verified account via which we can view the most recent FX Fortnite EA results. You may get a sense of how the robot trades and analyze the most recent statistics in this method, which can be a useful approach for you to do both. When searching for an appropriate forex robot, one of the most crucial things to check for is whether or not the results are kept up to date. Without them, we wouldn’t have any way of knowing how well or poorly a system has been working in relation to the existing market conditions, which are always shifting. I believe that the FX Fortnite has been doing quite well, but perhaps they should concentrate on attempting to lessen the drawdown. I say this because I think it would be beneficial. Please visit the page that has my best forex robots results in order to view the most recent live verified trading account performance of all forex robots.
Conclusions from FX and EA’s Fortnite
The FX Fortnite EA is, all things considered, a fundamental automated trading system that is capable of operating entirely automatically in the mt4 trading platform. The developer was generous enough to share real authenticated accounts with us so that we can track the FX Fortnite results, despite the fact that the back tests are not nearly as accurate as they could have been. If I were to use this, it would only be on a practice or demo account at the very least to begin with so that I could get a feel for how the robot trades and watch how things play out. I would also customize it according to my personal trading style and risk preferences. As a result, there is some additional potential for people who have some understanding of back testing in the MT4 strategy tester. If you are interested in learning more, you can visit the official website of the FX Fortnite robot by clicking on the link provided below. In any other case, if you’d want some alternatives, feel free to look over my reviews of several forex robots.
PROS:
• Fully Automated System
• Customizable Settings
• Detailed Instructions
• Full Support
• Free Updates
• Money Back Guarantee
• Verified Results Provided
• Backtests Available
CONS:
• Backtests Are Not Available
• Verified Results Provided
• Money Back Guarantee
• Only available through MetaTrader 4
• Potentially High Drawdowns
• Limited Backtest Quality
• Limited Currency Pairs
• Demands Optimal Trading Conditions
