FXConstant is an expert advisor that, according to its developers, can become our trading solution. From one chart, we can note that the system doesn’t work stable at all. We have decided to check everything up.
What is FXConstant?
The developers provide us with some explanations about how the system is going to trade on our accounts. There are features written that we can analyze either.
- The system allows us to enjoy a fully-automatic trading experience. We can do no extra deeds to be profitable.
- It trades using market analysis and it doesn’t need data from MetaTrader indicators.
- The developers designed it to trade price action and trend strategies.
- We can rely on money-management that places SL and TP levels to protect our orders.
- It allows us to work on our account manually if we need to open or close orders.
- The system works with medium-high risks to the balance.
- The advisor doesn’t place orders on the market frequently.
- We can decrease drawdowns if we need to.
- EURUSD is the core pair to open orders.
- It prefers trading on the H1 time frame.
- The system is able to apply Martingale to increase a recovery effect.
- It looks for the best trading conditions to place an order on the market.
Official FXConstant website
The site includes a few explanations about the system. It is featured by backtest reports and trading results.
How can we use FXConstant?
- The system can be used for automated trading.
- It knows how to handle various market conditions and be profitable.
Pricing & refund
We can purchase a real copy of the advisor for as low as $295. The developers allow us to switch the account number as many times as we want online. There are two versions of the robot that are available on MT4 and MT5. We are allowed to rely on a welcome 24/7 support and a 30-day refund policy.
- The robot works with a price action strategy that’s featured with a trend strategy.
- The cross pair to work with is EURUSD.
- It works on the H1 time frame.
There are various reports published. This one was a EURUSD report on the H1 time frame tested on the data from 2012 to 2021. The modeling quality was 90.00% with 2-pip spreads. An initial deposit was $300. It has turned into $16,788,771 of the total net profit. The profit factor was 1.53. The maximum drawdown was 18.39%. The advisor has executed 1830 orders. An average accuracy has amounted to 51% for shorts and 52% for longs.
This is an account where the robot has lost almost all profits.
FXConstant has been working on a real USD account on FXOpen. It executes orders with 1:500 leverage, receiving data from the MetaTrader 4 platform. The account has a verified track record that means that the chart and data we are looking at are relevant. It was created on July 18, 2019, and deposited at $1000. Its total gain has grown to 465.01%. An average monthly gain is 5.53%. The maximum drawdown is 33.99%.
FXConastant has executed 213 orders with 1072.4 pips obtained. An average win is 43.18 pips when an average loss is -43.26 pips. The win rate is 59% for long and 53% for short trading positions. An average trade length is one day. Its profit factor is 1.54.
The advisor prefers working with the shorts directions–139 deals closed and $3,380 pips obtained.
The system works with sky-high risks. There’s a 31.41% chance, it’s only six orders, to lose 10% of the balance.
The advisor works with almost equal SL and TP levels. We may not x8 Martingale applied to be profitable.
The profitability in 2022 varies so much from month to month.
What are the real customers saying about FXConstant?
We don’t know how well the system works for clients. So, we just have to rely on settings, provided by developers, and that they will fit our broker, our expectations, and market conditions.
Summary: is FXConstant a trustworthy EA?FXConstant
Trading Results3/5 Neutral
- Various backtest reports provided
- Trading results available
- A refund policy supported
- No team revealed
- No risk or money management advice given
- There are huge losses on one account
- The robot works with a aggressive Martingale
- It tardes with significant risks