FX Flight Pro is a new Forex trading robot that was released some months ago. The identity and locations of the owners and creators still remains anonymous. In order to contact support, traders can fill out a contact on the website. The team does not provide any direct email address or phone number.
The software is being advertised as a complete trading package with a proven trading system that will allow traders to “invest today and start making money tomorrow.”
FX Flight Pro Review
Despite only being on the market for less than 60 days, there are a couple of reasons the vendor wants you to subscribe to the FX Flight Pro. They promise stable profits every month, compatibility with all MT4 brokers, 24/7 support, free updates, drawdown control and a trend following strategy that can be trusted. They believe that the software is so effective, that after a client purchases it, the software will pay for itself with winning trades in a single trading session.
During our review of the FX Flight Pro EA we saw that the did not do justice in providing details on how the robot operate. Instead, they tell us that the product is perfect for all levels of traders and that it will easily generate profits. So, basically the vendor has decided to go with what explanations instead of giving us any real methodologies.
- Type: Forex Robot
- Price: $175-$255
- Strategy: Trend following
- Timeframe: H1
- Pairs: EURUSD, GBPUSD, USDCHF, USDJPY
FX Flight Pro Subscription
Like a classical robo expert vendor in this market place, there are subscription plans for you to buy the FX Flight Pro EA. With all of the plans, you get access to the same trading system, but there are additional fees for clients that want more licenses. For $175 traders get access to 2 licenses. For $250 traders get access to 4 licenses, and for $255 traders get access to unlimited licenses. The 2 and 4 license accounts are for demo and live.
The price differential between 2 licenses and unlimited licenses, is only $80, which is quite surprising and not this the upsell you would expect from an expert advisor vendor.
When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term and Intraday.
FX Flight Pro EA timeframe is at H1, which means the robot completes a trade in an hour.
Such hourly trades have advantages which include lots of trading opportunities, less chance of losing months and no overnight risk. But you should consider that the transaction costs will be much higher (more spreads to pay).
When you trade in the forex market, you buy or sell in currency pairs.
FX Flight Pro deals on major pairs; EURUSD, GBPUSD, USDCHF, USDJPY
The majors are the most liquid and widely traded currency pairs in the world. They account to about 85% of Forex trading. The spreads on major pairs is narrower than minor pairs because of high liquidity.
SCAM EA reviews hundred of Forex robots/Eas, and the best way to determine if a EA developer service is legit or a scam is by verifying their result. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like Myfxbook or FXBlue.
FX Flight Pro provides two FX Blue accounts as proof of the FX Flight Pro EA’s performance.
As you likely know already, we prefer Myfxbook and find that there are many FX Blue accounts that don’t offer the true transparency that we are looking.
The main trading account provided is showing a 100% gain over the course of 57 days. During this time, the product is placed 16 trades per day with a risk reward ratio of 5.82. The average trade length is 25.7 hours, and the trading winning percentage is just below 70%.
These numbers are acceptable, but there are a couple issues with the results that are notable. The drawdown is 63.5%, which is incredibly high, and means that over half of the account was at risk at one point. Generally, we hope to keep drawdowns below 30% when dealing with automated trading systems. Another issue is the fact that the system is actually lost over 1700 pips in total. Despite this loss, the account is up, but that seems suspicious as well. Generally, accounts that are losing pips, are also losing money unless there is some strange money management system being utilized.
FX Flight Pro Review Conclusion
As it stands, we have very little interest in the FX Flight Pro software for multitude of reasons. The trading strategy isn’t provided, the trading results are shaky at best, and the vendor has a real lack of transparency wrote the entire presentation. If you want to invest in major currencies pairs, you should ensure that you are using proper tools and not platforms that have not been verified to provide a reliable investment project.