Just watched a great video by Trade with Pat.
The video shows Forex Fury making $24,000 in a single month, you can watch it here:
Forex Fury $24,000 in 1 Month
I really enjoyed this video. It goes in-depth into Pat’s setup showing you the capabilities of the Forex Fury robot.
Now, what we need to discuss is whether or not this is a viable trading approach with the Fury expert advisor.
By that I mean, does this work?
Well, obviously it does work, because the Myfxbook account is verified and you can see that here:
BUT.. that doesn’t mean that this is a viable long term approach to using the Forex Fury software.
I think it’s fun. I think if you are able to watch the markets and manually intervene that using a high stop loss is possible, but this won’t work for everyone.
High Risk Trading Strategy
I think it’s pretty safe to classify this type of trading strategy with Forex Fury is high risk.
Without proper market knowledge, a large stop loss can be crushing. If you don’t intervene at the right time and the market swings against you, then you can be stuck in a drawdown for who knows how long.
That doesn’t mean I’m invalidating this test in any way, but I think it would be smart to see it for what it is.
There are thousands of different ways to use Forex Fury. I prefer the lower risk ways.
Obviously high risk can make you a lot of money, but it can lose you a lot of money too.
You simply have to decide for yourself how you want to use automated trading in your portfolio.
If you don’t know the type of risk appetite that you have, then you need to test more. Run high risk tests, run low risk tests and come to that conclusion.
If you need any help, drop a comment.
Thanks for reading as always, and check out recent Forex Fury Reviews here for more details.