Forex Robots

FX Fortnite EA Review: An Unreliable Forex Robot

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FX Fortnite EA

FX Fortnite EA is a fully automated Forex expert advisor that works on the MT4 and MT5 trading platforms. The vendor claims that the system is profitable with all brokers that support these two trading terminals.

On the official website, there is no information provided on the parent company. We know virtually nothing about the development team, and this is not a sign of reliability. The vendor has not shared any contact information or an official address. Also, we don’t know whether the team has developed automated trading systems in the past.

FX Fortnite EA strategies and tests

FX Fortnite uses an algorithm developed by the author and an indicator to analyze the market and seek out convergences and divergences. The strategy is a combination of trend and hedge with three different risk settings. According to the vendor, you should use this EA for the EUR/CHF pair on the H1 timeframe.

The EA employs a lookback straddle technique for analyzing the profit characteristics of a trend following strategy. It takes advantage of high volatility levels, but we are not sure how. To get started with this system, you need $1000 for a standard account. For a cent account, you can get started with only $10. The recommended leverage is 1:100 and higher. This EA trades 24 hours a day, 5 days a week.

The vendor has not provided a proper explanation of the trading strategy. Just mentioning the name of the strategy is not enough. Some traders look for technical details, and they’ll be disappointed at the lack of strategy insight.

Backtesting results of EUR/CHF

Backtesting results of EUR/CHF

This backtest was carried out from January 2020 to September 2020. This is a very short testing period. Most vendors test their automated strategies using several years’ worth of data. As such, we cannot get a clear idea about the robot’s long-term performance from these results.

The backtest was conducted using an every tick model. It used an initial deposit of $1000 and placed 6891 trades. It won 78.26% of all trades, generating a total profit of $5185.17. The win rate for this backtest was 78.26% and the profit factor was 2.84. It had a high relative drawdown of 32.17%, which indicates a risky trading strategy.

FX Fortnite EA live trading account review

Growth chart of FX Fortnite EA

Growth chart of FX Fortnite EA

This live trading account on Myfxbook has been active for 389 days. After completing 644 trades, it currently has a win rate of 69.9%. The average monthly and weekly returns for this account are 2.6% and 0.6% respectively. Other systems generally have higher gain percentages, so the performance is not too impressive.

The total profit generated through this account currently stands at $1,993.96. On average, the EA places 1.7 trades every day. The account has a profit factor of 1.70.

Pricing

There are three pricing packages for this Forex EA, namely Bronze, Gold, and Platinum. These packages give you access to 1, 2, and 3 real accounts in exchange for $149, $199, and $249, respectively. You get an unlimited number of demo accounts with each plan, along with free upgrades and support. The vendor also provides you with the EA set files and a trading manual. There is a 30-day money-back guarantee for this product.

Is FX Fortnite EA robot a scam?

Yes, we think FX Fortnite EA is a scam service. There is a lack of transparency surrounding this system. We don’t know anything about the developer or the trading strategy this system uses. There is not enough information on the features and the trading performance is not satisfactory.

At this moment, there are no user reviews for this expert advisor. Considering the system has been trading live for over a year, this comes as a surprise. It could be that traders are wary about investing in this EA due to the lack of vendor transparency.

Customer support

There is 24/7 online support available for all customers. However, the website does not have a live chat feature and the vendor has not shared the email address. It may take some time to get a response when you message the support team using the contact form.

FX Fortnite EA

4

FX Fortnite EA is a system with no reputation whatsoever. We don’t have enough details on the trading strategy and the average monthly gain percentage is not too high. Another reason not to invest in this EA is the lack of vendor transparency.

  • Verified trading results
  • Money-back guarantee
  • No customer reviews
  • Lack of vendor transparency
  • No detailed info on trading approach

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