Forex Minute Trader
Forex Minute Trader (FMT) is a Forex scalper robot (Expert Advisor) that is developed by Adam Liddiard of New Millennium Investments Inc. and works on the MetaTrader 4 platform. The robot has been programmed to work on 5 currency pairs, i.e. EUR/JPY, EUR/USD, GBP/USD, USD/CHF and USD/JPY.
The following are the features of Forex Minute Trader:
- 100% hands free, set and forget
- FIFO compliant
- No GMT or time zone trading restrictions
- No news release contingencies required
- No hedging
- No minimum or maximum leverage requirements
- Extremely low maximum relative drawdown versus monthly returns ratio
- Positive risk to reward ratio on each trade by using a small stop-loss
- A daily trader that trades frequently
- Trades close within 1- 60 minutes, never held open over weekend
- All orders are pending and hard stopped, no market execution orders
- Trailing stop-loss to lock in profits
- No martingale, grid, or cost averaging
- Forex Minute Trader EA
- Forex Minute Trader Manual
- 1 Year Of Free Updates
Forex Minute Trader is priced at $189 (one-time payment) and is only applicable on four of NMI's recommended brokers, i.e. Axi Trader, LMAX, IC Markets and Traders Way. These brokers have been tested to deliver good results with the system and therefore users must use one of these brokers in order to utilise the system.
All purchases include a 60-Day Money Back Guarantee. Therefore, interested traders can try it out without any risks.
For more information about Forex Minute Trader and its backtesting results, visit its official product page.
7 Comments:
This one is being marketed by the vendor of MDP... which is very dependant on broker and vps to produce profits. I imagine this EA follows same line? Can anyone reocmmend a good broker/vps combination? Thanks.
I have signed up for the Axi Trader. This broker has not failed me so far.
I sent an email to Adam Liddiard asking about this system, and here is his reply:
"We dont have an IB model for US brokers, they arent allowed to do IB deals with foreign entities for US citizens.
ILQ or ATC brokers would be good choice though.
Safeguard in case MT4 crashes ? Simple - the system never places an order without a hard stop loss in place before its placed (uses only endings) and its never more than 3.4 pips plus the spread+commission+slippage as applicable (usually under 5 pips total). If the Mt4 crashed a nano second after placing the order one of 2 things are possible
1) stop loss of 3-5 pips hit OR
2) system nails a top or bottom and the market hits a 50 pip take profit. Same deal if the SL freezes for any reason.
Each day the EA limits its loss to 1% per currency, per EA, using 0.5% risk per trade. If 2% is lost on a mt4, all 6 EAs shut down for 24 hrs. If 2 pairs hit their max 1% loss, all other EA instance will be shut down.
It is as safe as it can possibly be, I dont think there's any other system on the market that comes close to managing its risk as does this Bot, and its a product of much development in its own right (risk management system). Tick Scalper can win big, but when they loose you need to kill it quick, simple as that - our EA is let loose to win big but kept on very tight leash.
Cheers, Adam
FMT team"
Looks like a great EA. Gonna try this.
I'm gonna give this a try too. I have been using IC Markets for some time, which makes it easier for me.
Got my first trade. +25 pips on EURUSD. Looks good at the moment.
5 AUDUSD trades today
-4.1
-4.1
+9.1
+9.4
+5.8
I'm running with conservative true.
Working fine for me on IC Markets True ECN account.