FTMO Trading Bot

The FTMO Trading Bot, also known as Space FX, is a specially designed tool for trading the EUR/USD and GBP/USD currency pairs. This article provides an in-depth review of its functionalities, strategy, and risk management tools.

Trading Strategy and Performance

Space FX is not just another high-frequency trading (HFT) bot. It sets itself apart by focusing on price action and Simple Moving Average (SMA) strength. Its strategy is designed for the M30 timeframe, which is considered optimal for capturing significant price movements while reducing exposure to market noise. Traders are advised to leave all settings as they are, except for the lot size, which can be adjusted based on the account size.

Risk Management Tools

One of the defining features of the FTMO Trading Bot is its robust risk management system. It is equipped with tools that help protect the trader’s equity during major news events or any sudden market influx. These tools go a long way in mitigating potential losses and preserving your trading capital.

Price and Availability

The FTMO Trading Bot is priced at $599, but the cost will increase incrementally after every five sales until it reaches a final price of $2500. This pricing model aims to reward early adopters while maintaining the quality and exclusivity of the service. The bot is capable of trading all proprietary firm accounts, making it a versatile addition to any trader’s arsenal.

Recommended Trading Conditions

For optimal results, it is suggested to trade the EUR/USD and GBP/USD pairs with a minimum capital of $200. The recommended account type is ECN or Raw, with very low spreads. It is also advised to use a leverage of 1:100. Please note, trading Forex and CFDs carry a high level of risk, and it’s crucial to only trade with money you can afford to lose.

FAQs

Is the FTMO Trading Bot suitable for all investors?

Trading Forex and CFDs may not be suitable for all investors due to the high level of risk involved. It’s always recommended to seek independent advice and ensure that you fully understand the risks before starting to trade.

Can we trust the back-test results of the FTMO Trading Bot?

The FTMO Trading Bot has been developed and tested on live markets. It is recommended to test it on live markets rather than relying on back-test data, which can sometimes provide manipulated results.

Where can I watch independent testing of this product?

For independent testing of the FTMO Trading Bot, you can visit the website forexroboteasy.com. You can also subscribe to updates on the results of testing this product.

Conclusion

The FTMO Trading Bot offers a unique blend of strategy, performance, and risk management tools. It is specifically designed to trade the EUR/USD and GBP/USD pairs, aiming to provide a competitive edge in the Forex market. However, as with all trading tools, it’s essential to understand the risks involved fully.

We invite all readers who have used the FTMO Trading Bot to share their experiences. It would provide valuable insights and help others make an informed decision. Remember, this is an independent product review, and we are keen to hear your unbiased opinions.