Forex Nitro is a little known EA that was made available to the public in August 2009.
It had claims of being the next MegaDroid, FAPTurbo and Pip Turbo combined. I have just realized that I didn’t give it the attention it deserved last year and only ran it on a demo account for a few days without really putting it through it’s paces. You’ll see below that it’s now been through my Forex Lab and come out the other side relatively unscathed.
Forex Nitro – The Essentials
- Trades EURCHF pair M5 chart
- Has Fixed Lot or Balance Percent risk levels
- Optional Break Even setting can be applied
- Optional Martingale system can be activated
- Settings available for Take Profit, Stop Loss and others (so there’s plenty of space to play)
Since it’s been out for a while let’s see if I can find some reviews…
Forex Peace Army are pretty reliable when it comes to solid reviews, however, they only had one for FX Nitro. Here it is: 
Reviews for this EA are scarce as hens teeth. I think it’s time to take this baby to the lab…
Test 1: Independent Strategy Testing
2000-2009 Strategy Test results show growth from $10,000 to $30,360 at 98.42% accuracy.
View full 2000-2009 Forex Nitro Strategy Tester results
2009 Strategy Test results show growth from $10,000 to $10,117.90 at 83.08% accuracy.
View full 2009 Forex Nitro Strategy Tester results
2010 Strategy Test (until 29th June) results show growth from $10,000 to $10,047.42 at 81.25% accuracy.
View full 2010 (until 29th June) Forex Nitro Strategy Tester results
Test 2: Strategy Test Using Different Settings
Overall finding here are that it performs in a similar manner to the above results but with improved ROI.
Using 20% of account balance for each trade during a 2009 Strategy Test results show growth from $10,000 to $12,620 at 83.08% accuracy.
View full 2009 Forex Nitro Strategy Tester results using 20% of balance
Using Martingale system turned on with 20% of account balance for each trade during a 2009 Strategy Test results show growth from $10,000 to $13,199.90 at 83.08% accuracy.
View full 2009 Forex Nitro Strategy Tester results using 20% of account & Martingale
Currently running Forex Nitro on Alpari UK trading 20% of account with Martingale System active. Testing started on 29th June 2010. Current results are as follows:
View our Forex Nitro Live Test Statement
Lab Result:
Update 22nd October 2010:
- It’s not that this is a bad bot, the big loss that hit in early Sept caught a few robots out. It’s more that fact that it doesn’t trade enough to continue on with. “Life is short” as they say.
If you’ve used Forex Nitro before, please feel free to post a review below. Or, if you have any questions please ask them below.
