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FXConstant Review

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FXConstant

FXConstant is an advisor that doesn’t have an informative presentation. The presentation looks artificially simplified. There are little explanations, two backtest reports, and verified trading results of the EA provided. 

How FXConstant Works

We have only the following data united in the three blocks: Analysis, 20 Patterns, and Trade Management. 

How FXConstant Works

We don’t expect to get everything about the system. Usually, we create a whole picture after checking trading results:

  • FXConstant will work fully automatically on the trader’s terminal. 
  • The advisor uses “a principle of market analysis.” It’s unclear. 
  • There are twenty trading patterns sewed into the strategy. 
  • It opens trades if the market matches algorithms. 
  • The robot places orders covering them with Stop Loss and Take Profit levels. 
  • It can manage each trade individually. 
  • The advisor works carefully and with affordable risks. 
  • It’s not a high trading frequency advisor. 
  • It can cut drawdowns if they occur. 

Applied Strategies

  • The advisor doesn’t analyze data from indicators. So, it can trade Price Action or trading around Support and Resistance levels. 
  • It trades EUR/USD only. 
  • According to the backtest, the robot works on the H1 time frame. 

FXConstant Trading Results

FXConstant backtest

We have a single backtest report – EUR/USD. The time frame is H1. The developers chose the data from 2012 to the end of March 2021. The modeling quality was 90.00% with two pips spreads. An initial deposit was $300. It has become $16,788,771 of the total net profit. The Profit Factor was 1.53. The maximum drawdown was $2,808,075 (18.39%). FXConstant traded 1830 deals. The win rate was 51.93% for Shorts and 52.76% for Longs.

FXConstant Myfxbook

The advisor works orders on a real USD account on FXOpen automatically. It does use technical indicator data from MT4. The leverage is 1:500. The account has a verified track record and verified trading privileges. It was created on July 18, 2019, and deposited at $1000. It’s not much if something goes wrong. Since then, the absolute gain has become 314.84%. Since our last visit, the system has lost over 10% of the account. An average monthly gain is 6.55%. The maximum drawdown is 9.59%.

FXConstant advanced statistics

It has executed 150 orders with 849.4 pips. An average win is 44.35 pips when an average loss is -43.53 pips. The win rate is 58% for Longs and only 52% for Shorts. An average trade length is 23 hours. The profit factor is 1.53.

FXConstant trading results

The robot works only on the high volatile and high volume trading market. 

FXConstant trading results

It focuses on the European and the beginning of the American session. 

FXConstant trading results

The advisor works with all days almost equally with some drawbacks on Tuesday and Friday. 

FXConstant trading results

The system trades with high Lots. We have to lose five deals in a row to lose 10% of balance. So, it happened. 

FXConstant trading results

The system uses conservative Martingale to recover after losses. As we can see, the system lost three martingale orders in a row. 

FXConstant monthly gain

May has started with significant losses that overtook three months of profits. 

Pricing & Refund

FXConstant Pricing

FXConstant costs $295 for 1 license for any type of account (demo or real). We are allowed to change the account when and as many times as possible. The system is delivered in MT4 and MT5 terminal versions. There’s a user manual and 24/7 support. There’s a 30 days money-back guarantee. 

People feedback

FXConstant Pricing

There’s no feedback published as usual. It’s a common situation powered by Forex Store solutions. The system has a 7.5 rate from 10. The robot follows NFA rules. 

Other notes

The advisor has skipped trading in April 2021. It’s suspicious. We have no idea what happened. You may want to ask this question to their support.

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