FX Fortnite EA is a fully-automated Forex expert advisor that works on both Metatrader 4 and Metatrader 5. The vendor claims this is a high-quality software program that can generate profits on autopilot.
This Forex robot is backed by verified live trading results and backtesting data. The vendor also provides a money-back guarantee for it. However, we don’t know what trading strategy it uses and there is little or no information on the parent company. Also, not many people seem to be using this robot as of now, since there are no customer reviews to be found. Hence, we don’t think this is a system that you should invest in.
What is FX Fortnite EA?
When you purchase the system, the developer provides you with setup instructions. There is 24/7 online support for the customers, so you can seek assistance whenever you face an issue. You also get the EA set files, a trading manual, and free upgrades.
According to the vendor, the EA is suitable for trading in EUR/CHF for the H1 timeframe. While it is not broker-sensitive, the vendor recommends signing up with ICMarkets. For a regular account, you can get started with $1000. The minimum deposit requirement for a cent account is $10. You ought to use leverage of 1:100 or more.
Official FX Fortnite EA website
On the official website of FX Fortnite EA, the vendor has explained the working of the system in brief. We have the backtesting results for different risk settings as well as a link to a live trading account on FXBlue. The vendor has also shared the pricing details and a contact form that you can use to send a message to the service team.
We know nothing about the parent company behind this EA. The vendor has not shared the official address of the company headquarters and the details of the team members have not been revealed. Due to the lack of vendor transparency, our expectations from this system are pretty low.
How can we use FX Fortnite EA?
Although the vendor has programmed default settings for this robot, you can change them to suit your trading style. You can also adjust the size of the trading lot and the risk level. FX Fortnite EA uses an indicator that has been developed by the author. It scans the market for divergences and convergences.
Pricing & refund
The Bronze, Gold, and Platinum packages for FX Fortnite EA are priced at $149, $199, and $249, respectively. With these plans, you get free support, upgrades, a user manual, and set files. The costlier plans let you access multiple real accounts. There is a 30-day money-back guarantee for each plan.
FX Fortnite EA uses hedge and trend following schemes for trading in Forex. For evaluating the return characteristics of the trend following strategy, it employs a lookback straddle approach. The robot tries to take advantage of high volatility levels. Seasoned traders would be disappointed at the inadequate strategy insight since it contains no technical information.
This backtest was conducted on EUR/CHF between January to September 2020. Generally, backtests are carried out for several years and here the testing period is too short. The EA placed 6891 trades for this test, winning 78.26% of them and generating a total net profit of $5185.17. Due to the high relative drawdown of 32.17%, we think the EA was following a high-risk strategy.
This account on FXBlue has been active for 389 days. To date, the EA has placed 644 trades through this account, winning 450 and losing 194. Thus, it has a win rate of 69.9%. The monthly and weekly returns for this account are 2.6% and 0.6%, respectively. It has a profit factor of 1.70 and a risk/reward ratio of 0.93.
What customers say
At this moment, there are no user reviews for FX Fortnite EA on third-party websites. This essentially means this expert advisor does not have a stellar reputation in the Forex trading community.
Summary: is FX Fortnite EA a trustworthy EA?FX Fortnite EA
Trading Results1/5 Awfully
- Verified live trading results
- Money-back guarantee
- Zero vendor transparency
- Lack of strategy insight
- No customer reviews