FXConstant is a trading solution that has a simple presentation that is the same for all powered by Forex Store advisors. The system is introduced as “Our Trading Solution.”
All available information about the system is gathered in three blocks: Analysis, 20 Patterns, and Trade Management.
Let’s discuss intel we have got about the advisor:
- FXConstant can execute orders without a need for human intervention. We’re free to do whatever we want.
- The advisor system uses “a principle of market analysis and doesn’t use indicators.”
- It would be great if they explain this in a big way.
- The robot is based on twenty trading patterns that are applied to the system.
- If the market conditions fit the parameters behind the advisor, it opens trades.
- It protects the deals with setting adequate Stop Loss and Take Profit levels.
- We are free to manage deals individually.
- The system doesn’t take high risks.
- The robot doesn’t open trades quite frequently.
- It knows how to cut drawdowns.
FXConstant is available for $295. The pack includes one license for any type of account (demo or real). We may change the account as many times as we need. The system is designed for MT4 and MT5 terminals. We can rely on a user manual and 24/7 support. There’s a 30 days money-back guarantee.
FXConstant Trading Approach
- The robot looks like a Price Action advisor with Martingale.
- It trades EUR/USD.
- The main time frame is H1 if the backtest is correct.
There’s a EUR/USD report that was created on the H1 time frame. The data period was from 2012 to the end of March 2021. The modeling quality was 90.00% with 2 pips spreads. An initial deposit was $300. The total net profit has amounted to $16,788,771. The Profit Factor was 1.53. The maximum drawdown was $2,808,075. FXConstant closed 1830 deals. The accuracy of executed orders was 51.93% for Shorts and 52.76% for Longs.
FXConstant Live Trading Results
The system has been working on a real account. It was created on FXOpen. The advisor runs automatically with 1:500 leverage on the MT4 platform. The account has a verified track record. It was created on July 18, 2019, and funded at $1000. Since then, the absolute gain was 316.61%. The chart shows that there’s something wrong with it. An average monthly gain is 6.44%. The maximum drawdown is 17.76%. Twenty traders track the account.
FXConstant closed 158 orders with 519.3 pips. An average win is 44.51 pips when an average loss is -43.51 pips. The accuracy rate is 56% for Longs and only 51% for Shorts. An average trade length is a day. The profit factor is 1.47.
The short direction is three times more profitable ($2427.27) than the long one ($738.86).
It makes profits trading in high volatile periods.
Monday, Wednesday, and Thursday are the most frequently traded days.
The robot works with huge risks to the account balance. We have to lose only five deals to lose 10% of the account.
We can note how the market beats the strategy. The robot opened a trade in another direction with Martingale, but the market changed direction. It happened four times in a row.
The system managed to recover trading results in May 2021 but started losing the account in June 2021.
What Are The Risks With FXConstant?
The system doesn’t fit current market conditions. The robot requires to be updated ASAP. Now, we have to stay away from it.
The system is published on Forex Store as well. It has an “R” rate. It’s a fake one. May and June 2021 show that the advisor can be in touch with the market. There’s no page on Trustpilot or Forex Peace Army where we could read feedback from clients.
What are the Pros & Cons of Investing in FXConstant?
|It’s powered by Forex Store trading advisor||No team revealed|
|Backtest reports provided||No settings explanations provided|
|Trading results revealed||No risk or money management advice given|
|Forex Store’s refund policy||The main strategy is hidden. There’s Martingale on the board|
|Trading results during two last months are horrible|
|No people’s feedback published|
FXConstant is a robot that uses a no-name strategy which one we don’t know with Martingale on the real account. The advisor is powered by Forex Store. From trading results, we noted that the system doesn’t work stable - the accuracy rate is impossibly low. There’s a danger that one time it won’t recover after consecutive losses. So, the rate on Forex Store doesn’t match how the system truly works.