FX LUCKY PRO Review

Feb 9, 2021 05:14 PM ET
FX LUCKY PRO Review

If you scan the market for Forex EAs, you will be spoilt for choices. But, while there are many companies claiming to provide efficient trading solutions for the Forex market, not all of them are efficient. FOREX LUCKY PRO is a Forex robot that claims to possess a specialized algorithm for opening and closing trades, thus allowing you to make gains.

FX LUCKY PRO presentation

This Forex EA promises to deliver sizeable profits on a consistent basis. Furthermore, the system trades on multiple accounts at the same time. Now, let us look at each of its aspects individually to assess just how reliable this Forex robot is.

FX LUCKY PRO

Type

Automated

Price

$107 to $127

Strategy

Multiple strategies

Compatible Platforms

N/A

Currency Pairs

AUD/USD 

Timeframe

N/A

Recommended Min. Deposit

$200

Recommended Deposit

N/A

Leverage

N/A

Trading Strategy Explanation

FX LUCKY PRO features

FX LUCKY PRO looks for strong market shifts and identifies entry and exit points using proven strategies. It selects the exit points based on a unique logic to prevent the stop-losses from getting activated prematurely. Thus, the positions can be closed on the right occasions and the losses can be managed efficiently, provided the current prices favor you.

This Forex EA uses a scalping strategy for enhancing the accuracy of the exits to a greater degree, thus ensuring the positions are closed with maximum profit. FX LUCKY PRO has a special market scanning mechanism that automatically searches for the best opportunities. Moreover, it studies your risk profile to create a money-management system.

When the market is volatile, Forex traders often stand the risk of suffering from broker slippage, since the prices fluctuate sharply. This system solves that problem by avoiding volatile markets whenever possible.

While we did get an idea about the trading strategy used by the system, there are no technical details mentioned about it, which is slightly disappointing. Some of the more technically inclined Forex traders look for details and the lack of information might disappoint them.

Backtest Data Analysis

FX LUCKY PRO Backtest Data Analysis

The vendor has provided backtest results on the official website and they seem to be quite promising. In the above figure, we can see a backtest performed on the AUD/USD pair for one hour. The system managed to generate a total net profit of $124714.35 from an initial deposit of $300, which is indeed impressive.

From this result, we can see that the percentage of profitable trades stands at 93.32%, and this tells that the algorithm used by FX LUCKY PRO is quite efficient. 

Live Trading Data Analysis

Trading Results

FXBlue Account

RUR

Started

Jan 19, 2021

Deposit

$2,108.43

Balance

$7240.68

Gain

203.1%

Daily

2.04%

Monthly

52.92%

Drawdown

N/A

Profitability

N/A

FX LUCKY PRO Live Trading Data Analysis

Live trading results are a must when it comes to judging the efficacy of an automated trading system. Fortunately, FX LUCKY PRO provides us with live trading results verified by FXBlue. As we can see from the figure above, this account has performed well to date in terms of cumulative profit, with the closed profit being $5132.25. Furthermore, it has generated a total return of 211.5%, a monthly return of 52.9%, and a weekly return of 10.6%. 

With a trade win percentage of 94.9% and a profit factor of 241.16, there can be no doubts at all that this system can bring you huge profits on a consistent basis.

Pricing

FX LUCKY PRO offers two pricing plans, namely Basic and Standard. With the first one, you get 1 real and 1 demo account, along with free support, upgrades, and a lifetime license for just $107. The second plan costs $127 and offers you the same features with 2 real and 2 demo accounts. As far as Forex EAs go, the prices are quite reasonable, especially considering they provide you with a lifetime license.

Vendor Transparency

On the company website, we couldn’t find any information related to the identity of the developers or where they are located. You can get in touch with the FX LUCKY PRO team through a web form where you have to provide your name and email address. They have also provided a phone number and an email address for emergency support.

Review Summary

Pros

  • Verified live trading results showing profits

  • Backtesting data is provided

  • Affordable plans

Cons

  • Lack of vendor transparency

  • Technical details about strategy are not provided

Conclusion

To summarize, the number of things we love about this Forex EA slightly exceeds those we don't. There are some concerns like the lack of strategy details and vendor information, but the trading results cannot be ignored. Both the backtesting and live trading results show profitable trades with high win percentages, and this makes us think that this system has some serious potential.

Rating: 7/10

  • Features: 8/10
  • Performance: 8/10
  • Pricing: 7/10
  • Feedback: 5/10
  • Customer support: 7/10

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