It is common to see beginners search for a fully automated system. The systems help to make their foray into Forex easier. FX Fortnite is an MT4 expert advisor that claims to be professional software of superior quality.
A special algorithm by the developer helps to analyze the market conditions and identify suitable trades for you. We could not find any details related to the developer or vendor on the official site. Moreover, the support offered is very minimal.
There is just an online contact form provided with no location address or phone number for contacting the vendor. It is obvious that the system lacks vendor transparency. In this FX Fortnite review, you will be able to find out more about this automated software and know whether it is reliable or not.
Features
At the outset, the website has a minimalistic design with not much info being provided about the approach used, the developer, and other details related to the working of the software. As per the information on the site, the features of this system include full automation of the trading software, convenient settings, and 24/7 support.
From the website information, this Forex robot uses a combined trading approach that includes hedge and trend methods with risk settings at low, middle, and high levels. The settings are designed to work mainly on the EURCHF pair using the H1 timeframe.
According to the vendor, the combined trend and hedge approach are used to compensate for the high risk and get appreciable returns. A lookback straddle method is used to evaluate the returns from a trend approach. Gains from trading are possible by capitalizing on the high volatility present.
How to start trading with FX Fortnite EA
The vendor provides a bronze package with a lifetime license at $149. Included in the price are one real and one demo account. A gold package with two real and two demo accounts priced at $199 and a platinum package with three real and three demo accounts priced at $249 are offered. Free upgrades, support, fully automated trading, and manual PDF, EA SET files are offered, along with a lifetime license. A money-back guarantee of 30 days is also provided by the vendor.
The recommended balance by the vendor for this system is $1000 and $10 for the cent account. A leverage of 1:100 or higher leverage is recommended.
Backtests
Three backtests of high, middle, and low-risk settings are shown on the official site. All three tests are done for 9 months in 2020 using the H1 timeframe. A screenshot of the strategy tester report for the high-risk setting is shown here.
From the backtest above, a total net profit of 5185.17 is recorded for an initial deposit of $1000. The profit factor is 2.84 and the drawdown is 30.05%. While the model is based on every tick, the modeling quality is just 90%, which is not sufficient to assess the system fully. We prefer a modeling quality of 99.9% as it gives a better insight into the spreads, commissions, lots, etc.
Verified Trading Results of FX Fortnite EA
Trading results verified on the FXBlue site are provided by the vendor. From the screenshot of the result shown below, we know that the demo account has provided a loss of 78.5%, a monthly return of 9.4%, and a weekly return of 2.2%.
On average, four trades per day have been executed for 165 days. The risk to reward ratio is 9.57. A profit factor of 3.18 is shown for this demo account. When compared with the backtest data, the profit factor and returns differ, indicating the approach used is not as effective as the vendor claims.
We would prefer trading results verified by the myfxbook.com site as we can know more details about the performance and evaluate the system effectively. Furthermore, a real and live account would give better insight into the system than a demo account as shown here.
Customer Reviews
We could not find user reviews for this Forex trading software on reliable third-party sites, such as Forexpeacearmy.com, Trustpilot.com, etc. The absence of user reviews confirms our suspicious about the reliability of the site.
Is FX Fortnite EA a viable option?
From our analysis of the features, performance, and other significant aspects of this Forex robot, here are the main advantages and disadvantages we found:
Advantages
- Fully automated system
- Money-back guarantee
Disadvantages
- The strategy used is not explained clearly
- No real account verified results
- High drawdown
Summary
Wrapping up our review of FX Fortnite EA, we find that the system has a few positive aspects, such as full automation, affordable price, and a money-back guarantee. However, we also found shortcomings, such as a lack of real account trading results, no vendor transparency, and an absence of user reviews. Unless the vendor shows more transparency and provides myfxbook verified trading results, we would not recommend this system.
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