In this FX Delta review, our experts explore a proven automated trading system designed to be used with MetaTrader 4. You can use FX Delta with any popular STP/ECN broker and is great for both intermediate and experienced traders.
In addition to forex, you can also use FX Delta to trade stocks, commodities, indices, and cryptocurrencies. This gives it an edge over other popular robots, and it’s one of the reasons why our experts were so keen to try it out.
The software also stands out from the crowd as it gives you control over your trades. With FX Delta, you can choose whether to accept a suggested trade or not, meaning you needn’t worry about the robot making arbitrary decisions that could lead to disaster.
You can also enjoy a whole host of additional features, including one-click trade alerts with Open Market, Set Pending and Close Trade fields.
Overall, the software offers you a great opportunity to maximize your profit-making potential. Continue reading our review of FX Delta to discover how.
How does FX Delta work?
FX Delta works within MetaTrader 4. This is good news as almost all top-quality brokers offer the MT4 platform, and it’s completely mobile compatible too.
You can also run FX Delta concurrently with other trading platforms. Unlike some forex EAs, this system doesn’t place trades for you. Instead, it analyzes the market and alerts you with suggested trades. This means that if your broker doesn’t offer MetaTrader 4, you can simply download MT4 for free, add the EA to it, and then place the suggested trades on your regular trading account.
FX Delta works by scanning and validating trends on long timeframes, and then it finds corrections on shorter timeframes. The algorithm then calculates the best entry points, namely where the trend is most likely to continue with as little risk to you as possible. This makes it suitable for both intra-day and long-term trading.
FX Delta system components
Our FX Delta review team discovered that the software consists of two elements: a scanner and a dashboard.
The scanner is a visual tool that analyzes the markets for momentum and volume to identify trading opportunities. It covers all markets including currency pairs and other assets, such as cryptocurrencies, stocks, and commodities. You can program the software to scan these markets simultaneously, for instance one currency pair and one commodity, offering you the chance to profit from two separate markets.
The FX Delta dashboard is split into three areas. The navigation section provides important information on the trading direction, potential entry points, and validation for the trade.
The next section is dedicated to trade management. It includes two targets for taking profit in pips, the risk-reward ratio to achieve the targets, and a recommended stop loss expressed in pips.
The final area is dedicated to one-click trade execution buttons. You can quickly open and close trades right from your FX Delta dashboard.
This automated trading system can be adapted for aggressive or conservative setups, depending on your trading style. The layout of the scanner and trading template can also be customized for easier trading.
You can use fixed lots to trade or establish a percentage of your account you are willing to risk. It should be noted that the size of the lot, risk, and volume can be adjusted after a signal is issued.
How much does FX Delta cost?
FX Delta is available at a one-time fee of $197, with a 45-day money-back guarantee. This fee also gives you access to dedicated customer support, video tutorials and webinars, and software updates.
Whilst our reviewers found this to be very cost-effective, the downside to this low price is that FX Delta is not a truly automated trading system as it doesn’t open and close trades on your behalf. Our review team, however, considered this to be an advantage since it gives more autonomy with your trading.
Considering the 45-day money-back guarantee, you can test out FX Delta with no risk to yourself. If you don’t like it, simply ask for a refund.
When should I use FX Delta?
After thoroughly testing FX Delta, our review team has concluded that this forex robot is perfect for intermediate and experienced traders. The developer claims it is also suitable for beginner traders, although we would argue that that statement comes with a few caveats.
Firstly, if you are a beginner trader who wants to use FX Delta, our experts would highly recommend studying the extensive documentation and video tutorials provided. Whilst the developers assure you that the system is still effective if you don’t want to learn about how it works, the more you know and understand about the software, the better your results will be.
Beginner traders should also note that FX Delta works best with at least $500-1,000 in your trading account. You should also practise using the system first via a demo account.
The upside is that FX Delta can be used with any financial market and under any market conditions. It works by identifying trends, which occur regardless of what’s happening with the market.
Furthermore, since the ultimate decision on whether to open a trade or not is up to you, the risk of loss due to the software is minimal.
Pros and cons of using FX Delta
- Works for any asset, including stocks, commodities, and cryptocurrencies
- Easy to use and install
- Can identify multiple trading opportunities in a variety of markets
- Provides important information to improve risk management
- One-click trading to easily convert alerts into open trades
- Not fully automated
- Some might consider it expensive as it isn’t a true EA
Is FX Delta easy to use?
This review of FX Delta found that the software was very intuitive and easy to use. The trade manager is very clear. Order levels are set with horizontal lines on the chart that you can drag to modify. The layout of the scanner and the trading template can be customized to suit your trading style too.
Installation wasn’t complicated either, especially since comprehensive instructions are provided.
Conclusion
FX Delta is an effective expert advisor that our team are happy to recommend to all types of traders. With proper setup, it can be used by beginners and experienced traders alike. It also provides options for aggressive and conservative traders.
You also have full control over your actual trading, as you can choose to open trades or not based on the signals and alerts provided.
If you want to give FX Delta a try, download it now and also check out our list of recommended forex brokers below. These all offer MT4 and so work perfectly in conjunction with this impressive robot.
