FXConstant is a trading advisor that was published on the common Forex Store robots presentations. It has several blocks: info, backtests, trading results, and pricing.
FXConstant Strategies and Tests
We may note that all available data is split into three blocks: Analysis, 20 Patterns, and Trade Management.
We have gathered everything about the system in the following list:
- FXConstant trades fully automatically on any type of account.
- The system acts like a Price Action robot with Martingale.
- It works with EUR/USD.
- The main time frame is H1, according to backtests.
- The system is based on “a principle of market analysis and doesn’t use indicators.”
- If they don’t use indicators data, it means most likely that there’s Price Action on the board.
- It is based on twenty trading patterns behind the system.
- AIt can cut down drawdowns.
We have a EUR/USD backtest on the H1 time frame. The data period was chosen from 2012 to March 2021. The modeling quality was 90.00% with 2-pip spreads. An initial deposit was $300. It has become $16,788,771 of the total net profit. The Profit Factor was 1.53. The maximum drawdown was $2,808,075 (18.39%). The advisor has traded 1830 deals. The win rate was 51.93% for Shorts and 52.76% for Longs.
FXConstant Live Trading Account Review
FXConstant trades on a real USD account through FXOpen automatically with 1:500 leverage on the MT4 platform. The account has a verified track record and verified trading privileges. It was created on July 18, 2019, and funded at $1000. Since then, the absolute gain was 367.26%. An average monthly gain is 6.97%. The maximum drawdown is 17.76%. Twenty-two traders track the account. FXConstant has traded 159 orders with 583.3 pips. An average win is 44.74 pips when an average loss is -43.51 pips. The accuracy rate is 56% (35/62) for Longs and only 51% (50/97) for Shorts. An average trade length is a day. The profit factor is 1.54.
The Shorts direction is traded 1.5 times more frequently and provides 3 times more profits $2933.72.The system tries to make profits during the European trading hours.
Tuesday and Friday (27 deals both) are the less-traded days.The system runs the account with high risks. There’s a 37.24% chance (5 deals) to lose 10% of the account.
As we may note, the system can’t be profitable in general. All profits go from Martingale (high-risk) lots.
The robot provided quite low profits like for a professional advisor. The system, we’re sure, has to be updated.
FXConstant costs $295 for a digital product copy. The pack includes a license for any type of account: demo or real. There’s an unlimited possibility to change an account number online. The system is designed for MT4 and MT5. There’s 24/7 support and a 30 days money-back guarantee.
Is FXConstant a Scam?
Now, the system is not a scam, but it’s quite a risky trading solution. It’s not a good time to purchase this robot.
The robot is published on Forex Store. The rate was increased from 7.5 to 8.5 from 10 possible since our last visit. The robot works under NFA rules. Alas, we have no profiles created for this robot on Forex Peace Army or Trustpilot. So, we have no idea how people work with the robot and if it’s profitable on their accounts.