Caliber FX Pro Expert Advisor

[Simon]

The new Caliber FX Pro robot is one of a new breed of EAs that actually looks half-decent.

Regular readers will know that we are not generally fans of robots on this Forum. That is because most are scalpers and break all the fundamental rules of trading - namely stop losses risking hundreds of pips to gain a small handful of pips in profit.

Whilst many of these robots (think FAPTurbo, IvyBot, MegaDroid, etc) have very high winning percentages - often higher than 90% - they need to win this often as the inevitable losses will wipe out most of the winnings when they do occur.

This new EA has a Risk:Reward of 1:2 based on current live testing, which is much better than normal commercial EAs.

A word of caution - the video for the product says that one should never risk more than 10% of an account at any time. Clearly, this is a gambling mentality, not a trading one (2% per trade) and needs to be factored in.

With more sensible money management, this EA shows some promise and may be worth a go. It is covered by a 60 day money back guarantee and could be a useful addition to your trading arsenal. That gives plenty of time to try it on a demo account or a small real money account to gain confidence in its performance.

If you do decide to try "Caliber FX Pro", please share your experience with us all on this Forum section.

If you wish to try this product, please do so through our link – it costs you nothing to do so and pays for the upkeep of this free Website, Forum and Blog.

Caliber FX Pro - Caliber FX Pro

[Simon]

Caliber FX Pro trades EURGBP, GBPUSD and USDJPY. It may be a good idea to trade with smaller risk (e.g. 1% per trade) in case the dollar suddenly crashes.