FOREX FTM ROBOT REVIEW

Foreign Exchange Robot: Forex FTM

Software Programmer: Den Murakami

Scalping: H1 Chart

Forex Pairs: EURUSD and USDCAD

Trading Platform: MetaTrader-4 (4 or 5 digits Forex Brokers)

License: 1 Real Account License (Free Updates)

Pricing: 99 USD

» Forex FTM Web

INTRODUCTION TO FOREX FTM

Forex FTM (previously called Forex Sakura) is a Japanese-style Forex scalper. FTM means Flat & Trend Market algorithm and it is a robot using feedback technology to trade EURUSD and USDCAD. That means by checking the trader’s account history and by evaluating trading results the robot determines the best strategy for the present moment. Trading results include historic profit or loss per trade and each order’s date. One of the key advantages of Forex FTM is its ability to perform during news releases (check below). Forex FTM can operate with small deposits and micro lots but it can operate with large deposits and standard lots as well.

FOREX FTM ALGORITMH

The Forex FTM robot incorporates 2 bunches of indicators:

(1) One indicator works on flat markets

The first operation combines several technical oscillators, such is the Stochastics and RSI. The Take-Profit order is placed about 50 Pips. When profit moves above 15 Pips, then the Robot re-evaluate the order at the point of no-loss.

(2) The second indicator is optimized to work on trending markets

The second operation combines trend lines and the popular MACD in order to exploit opportunities on a trending market. Trading happens without any Take-Profit limitations or restrictions while all orders are closed by trailing Stop-Loss orders. When the trading profit moves above 20 Pips, then the robot re-evaluate the order at no-loss level. The distance between the price and Trailing SL will gradually decrease, thus reaching the price with a handsome profit.

Flat and Trend algorithms are programmed in a totally different way. Each of these two indicators uses a different set of Take Profit and Stop Loss orders. When the price action moves beyond a specific range and the market changes from a sideways to a trending market then the Forex FTM adapts immediately to the new market conditions and gives weight to new settings.

FOREX FTM NEWS TRADING

One of the key advantages of Forex FTM is its ability to perform during news releases, this news-filter feature is called WEB-Source v2. Forex FTM receives news via a web interface and it is able to combine technical analysis with fundamental market data.

» Forex FTM

 

FOREX FTM INSTALLATION

The installation is easy and includes the following steps:

(1) File archive unzip (two file are exported extension ex4 and the user's manual in pdf)
(2) Copy ex4 files into a folder «Experts» of your broker’s MT4
(3) Run MetaTrader, then select EURUSD and USDCAD charts, finally select H1 chart
(4) Move the Forex FTM Expert Advisor to the chart and send the PC CODE

FOREX FTM REVIEW PROS

◘ Easy to be installed (includes detailed User Manual PDF)

◘ FREE updates, once in a couple of months

◘ Adapts in any market condition

◘ WEB-Source v2 (Specially designed filter for news-trading)

◘ Combines technical analysis with fundamental market data (news-filter)

◘ Chart Visualization (allows to monitor the Forex FTM robot operation continuously)

◘ Extra filter allows to close orders before upcoming news or on long flat market

◘ Receive Email & Push notifications (latest info regarding current market situation and activity)

◘ Spread Control

◘ The robot can trade micro lots and small deposits but also standard lots and large deposits

FOREX FTM REVIEW CONS

◘ Trades only two pairs (EURUSD and USDCAD)

FOREX FTM REVIEW CONCLUSIONS

The Forex FTM is an interesting piece of automated trading software offering some unique features. We definitely like the approach of a news-filter and we would like to see this approach to be adapted by more Expert Advisors. The Forex FTM costs $99.

» Robot's Web

 

FOREX FTM REVIEW

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