XFXea Review – Compare The Top Ranking Forex EAs Robots 2023

Welcome to Acorn 2 Oak, the website where you can compare and review a wide range of forex products and services, including managed accounts and copy trading, robots/EAs, as well as leading forex brokers. We offer you a smart way to save time and money by comparing various fx opportunities.

Below we present you with an XFXea forex robot detailed look into its features and performance results. More forex EAs reviews you will find here.

XFXea is a forex robot launched in the market in 2018. It compatible with MT4 trading platforms and provides automatic trades on two currency pairs – AUD/USD and EUR/USD. This XFXea review takes a detailed look at the robot’s trading strategy and whether it is worth spending money on.

XFXea Trading Strategy Review

The XFXea is designed to trade regularly regardless of the market conditions due to something that the vendor points to as “special calculations and transaction algorithms.” However, cautious traders with less risky trading styles might not be overexcited by how the robot is set to manage the loss recovery process.

The software uses a money management strategy that can cause significant drawdowns if the market continues to move against the different positions the XFXea has taken to cover the bad initial entry.

To calculate an entry point, the XFXea assess various bar and builds a range based on that assessment. Using the range, the robot determines how and when to enter the forex market.

As we mentioned, XFXea trades in two major currency pairs: AUD/USD and EUR/USD. They tend to have lower spreads and higher liquidity compared to the exotic currency pairs. Still, keep in mind that the robot is set to trade not very often, so if you like more action, perhaps it is not a good option for you.

DON’T MISS: Compare top ranking forex expert advisors vendors in just one place

XFXea Backtesting Review

The XFXea backtesting results are displayed on the official page of the developer. The trading on AUD/USD with 100% risk offers a profit factor of 2.06, win-rate for short positions – 62% and for long positions – 72%.

The max drawdown is at 60%, which means that the robot can put your capital at risk without appropriate risk management. Also, keep in mind that these results, as with all other backtests, are conducted with 90% modelling quality and not real tick data.

XFXea Profitability and Drawdown Review

So far, XFXEa has only one official trading account on Myfxbook.com. According to that account, the robot has managed to collect 1884.88% profit since September 2018. The XFXea’s maximum floating drawdown touched 53.37% of the deposit. The average yield to drawdown ratio according to the statistic on Myfxbook is 1:0.71.

XFXea Conclusion

The XFXea comes with detailed instructions, full support and a money-back guarantee. However, as we mentioned, the robot’s trading strategy is risky, and perhaps traders with a more moderate approach should avoid it.

Advantages:

► Free Updates

► Money-back guarantee

Disadvantages:

► Risky trading strategy

► Sufficient drawdowns

Don’t forget to check out other fx robots reviews. Follow this link for the complete list.