FXConstant is another powered by Forex Store advisor. We don’t know anything about the vendor. The “powered by Forex Store” products lack almost all required chapters in their presentations. FXConstant is not an exclusion. Let’s see what we’ve got.
Features
This is all of what we may read. It’s not so much as for a robot that is sold for almost $300.
- FXConstant is a fully automated trading solution.
- The robot uses “a principle of the market analysis” and “doesn’t use indicators.”
- It looks like a Price Action strategy.
- There are twenty patterns behind the system.
- If the market matches a pattern, the robot opens a trade in the proper direction.
- There’s a managing trade algorithm that is individual for each trade.
- The robot is designed “to trade accurately and carefully.”
- The system is a low-frequency traded solution.
- It allows us to minimize drawdowns.
How to start trading with FXConstant
FXConstant is sold for $295 without discounts. The package includes one license for any type of account, changing a license number as many times as we want, both versions for MT4 and MT5, a user manual, 24/7 reliable technical support, and a 30-day money-back guarantee. We know nothing about its settings, recommendations for balance or trading risks involved.
Backtests
It’s a normal risk strategy test. The currency pair was EUR/USD on the H1 time frame. The modeling quality was 90.00% with a 2 pips spread. The period was chosen from 2012 to 2021. An initial deposit was $300. The total net profit has become $16,788,771. The Profit Factor was 1.53. The maximum drawdown was 18.39% ($2,808,075). There were 1830 deals traded. The win rate for Shorts was 51.93%, when for Longs it was 52.76.
Verified Trading Results of FXConstant
The robot works on the real USD account on FXOpen. It works automatically using technical indicators data. It’s the opposite of what the developers said. The leverage is 1:500. The account has a verified track record. It was created on July 18, 2019, and deposited at $1000. Since then, the absolute gain has become 357.74%. An average monthly gain is 7.79%. The maximum drawdown is low – 7.00%. The account is tracked by 18 traders.
There were 146 trades closed with 849.4 pips. An average win is 44.35 pips when an average loss is -43.56 pips. The win rate is 60% for Longs and only 53% for Shorts. An average trade length is almost a day. The profit factor is 1.65.
As we can see, the system prefers trading the Shorts direction (90 deals) over the Longs one (56 deals).
The system opens trades mostly during European trading hours.
Monday (33) and Thursday (34 deals) are the most traded days.
The robot works with medium risks to balance.
The system uses a quite conservative Martingale to recover after losses.
As we can see, the market didn’t match patterns in April 2021.
People feedback
There’s no feedback on the site, Trustpilot, or Forex Peace Army. We have only an 8.5 rate from Forex Store.
Other notes
It’s suspicious that the robot has two-year trading results but doesn’t have any testimonials on the internet.
Is FXConstant a viable option?
We don’t think so. The system hasn’t opened any deals in April 2021. Now, it’s May 2021, and there’s still no deal open. The robot has two pros: backtest report and real account trading results. The rest are cons and there are many of them. The developers didn’t provide explanations about the system at all, risks, balance, leverage, Lot Sizes, and so on. We have no people testimonials published on the site or Forex Peace Army with Trustpilot.
Conclusion
FXConstant is a trading advisor that uses Price Action with low Martingale to make profits. The system has a low-informed presentation. The trading results showed that the robot skipped trading in April 2021. It’s weird and suspicious at the same time.
