I usually review only scalping related forex products, but many of my students eagerly asked me to take a look at this one. They told me some newbies had great results and needed my advice before they would try this. So let’s do a FX Atom Pro review.
What is FX Atom Pro?
FX Atom Pro is a Metatrader 4 indicator. Do not confuse it with a Expert Advisor (EA). It will not trade for you. It is not a robot. The indicator will give you signals when it is probably good time to Sell or Buy. All the trading is still done by yourself. This indicator just helps you to make a better trading decision.
Installing is fairly easy. It’s basically the same as with my Automatic Take Profit and Stop Loss EA, just instead of “Experts” folder you move the files into “Indicators” folder.
First you attach the indicator to the chart and then you have to choose a mode. There are 3 modes to choose from. I chose Conservative Mode, but if you are more risk tolerant you can try the others. Conservative Mode promises to give me the best signals, but they occur more infrequently.
When it suggests to buy you will see a blue line:
I think that there is more to forex trading then just blindly waiting for a blue or red line to appear, so I also double checked that signals correspond with price action. To my surprise this indicator didn’t seem to repaint the signals. This is definitely a huge plus in my book.
No real forex trader sits behind a computer all day. Like any professional indicator FX Atom Pro has excellent alerts system to inform you of a new buy or sell signal. It also informs you of best Stop Loss and Take Profit levels. You can set up sound alerts, email alerts or mobile push notification system.
To my understanding FX Atom Pro algorithm is some kind of trend following system. It seems to guess the trends direction.
My Test Trading
I tested FX Atom Pro for one week on H1 charts. Below are my results with each currency pair.
Winning trades: 3
Losing trades: 7
Total pips: +284
Winning trades: 5
Losing trades: 8
Total pips: +116
Winning trades: 2
Losing trades: 6
Total pips: -162
Winning trades: 4
Losing trades: 8
Total pips: +214
Overall pips: +452
Although the GBP/USD pair was a negative, I think I had a great week in terms of pips gain.
FX Atom Pro performed well, but I double checked the signals with price action and support / resistance lines. There is definitely potential to make money with it, but like always you have to be smart about it. I didn’t just blindly follow all the signals, but picked the ones that corresponded with price action.
From what I learned, when the signals were wrong, then trades were over quick – only few hours and trade was over. And there is definitely more wrong signals. The thing is that winning trades are so huge that they make up for all the losers. The real money comes when it gets the trend right. I got to ride some nice trends for few days straight and it paid for all the failed trades.
There is a 60 days money back guarantee if you want to try it yourself.
Try out FX Atom Pro HERE.