Forex Fury Review

The trading industry is full of automated trading bots. Most products don’t last long or build a strong following. One exception is Forex Fury, which has been around since 2015 and has about 15,000 users worldwide. This automated trading robot claims to offer high success rates by using advanced algorithms to predict market movements. Many traders use Forex Fury to save time and reduce the stress of manual trading. In this review, we will explain what Forex Fury is, how it works, and its pros and cons to help you decide if it’s the right tool for your trading needs.

What is Forex Fury?

Forex Fury is a trading algorithm designed for ranging markets. It can be used with any currency pair, indices, and even cryptocurrencies. Users can choose and adjust Low, Medium, or High-Risk Strategies to suit their preferences. This makes the robot flexible for both risk-taking and cautious traders while still being profitable.

🏢 Headquarters	Hamilton, Ontario, Canada
📅 Year founded	2014

Forex Fury works on MetaTrader 4 and MetaTrader 5 platforms. The team behind Forex Fury includes experienced traders and programmers. They provide traders with 5 video tutorials and a full installation manual, helping them set up Forex Fury on charts in less than 5 minutes. The trading results are available on Myfxbook, showing excellent results with over 1000% gains. New settings are regularly tested and updated for the best results.

How does Forex Fury Work?

Here are ten important features of how Forex Fury works:

1. Automated Trading Bot: Forex Fury is a downloadable software that automatically trades on your account.
2. Easy Download: After purchase, Forex Fury provides a download link for the files.
3. Broker Compatibility: Forex Fury works with any MetaTrader broker.
4. Expert Advisor: Forex Fury is an “expert advisor” file compatible with MetaTrader MT4 and MT5 platforms.
5. Trade Options: Forex Fury can trade Forex, indices, and crypto. However, most performance data on Myfxbook shows Forex pair trades, which is the primary market it targets.
6. Range-Based Strategy: The bot uses a range-based trading strategy, performing best in low volatility, range-bound conditions. It has filters to ensure trades occur during these times.
7. Trading Schedule: The bot trades for one hour daily, from 4–5 p.m. ET, which is the end of the US session. Users can adjust this time, with another popular option being the end of the Asian session. Users don’t need to be present while the bot is active, as they can preset the trade times.
8. Trade Frequency: Forex Fury places 10-20 trades per day per pair, aiming to capture multiple small market moves. To minimize the impact of slippage and spreads, users should choose a broker with low spreads and good execution.
9. One-Time Cost: Forex Fury has a one-time purchase fee with no recurring annual charges. Future product updates are free, but there are no free trials, and the purchase is non-refundable.
10. Customizable Settings: Users can adjust many settings to suit their needs, including:

• Money management: fixed lot size or percent risk per trade.
• Stop loss size.
• Trailing stop feature.
• Take-profit parameters.
• Maximum spread and slippage allowed before opening a trade.
• Maximum number of open orders.
• Trading times and days.

1. Backtesting: The software allows users to test the strategy on different markets with various settings.
2. Customer Support: Support is available via email only, but user reviews confirm quick responses.

Pros and Cons

Pros	Cons
Forex Fury keeps improving, and paid users get new upgrades for free. For example, recent versions can avoid trading during news events to stay away from volatile markets.	Reviews are mixed, and profitability depends on the Forex pairs and settings used.
Once we set up our preferred settings, Forex Fury can run without us having to watch it, which is perfect if we’re short on time.	The strategy focuses on many small wins, but the average loss is larger than the average win. This means a few losses can cancel out many gains. Users have complained that recovering from losses takes a long time, and performance data sometimes shows large drawdowns.
We can test different Forex pairs and times of day to find the best-performing settings.	Once we pay, there’s no refund. The company is clear about this on their website.
It’s recommended to avoid trading on Fridays due to market volatility, a tip supported by some well-known YouTubers who have reviewed Forex Fury.	It’s crucial to carefully choose which pairs to trade and the settings to use, and to constantly back-test recent data to make informed decisions.
All reviewers mention that Forex Fury has quick customer service.

Conclusion

Forex Fury is an automated trading bot that works on any MetaTrader brokerage account. According to their website, it can trade Forex, indices, and crypto, if the broker offers these markets on MetaTrader. However, all the performance data we found was for Forex. Users can adjust settings, especially the bot’s operating hours, as it is designed to trade during quiet market times. There is no official track record since results vary based on pairs and settings, and updates are free for paid users. Forex Fury has a high win rate but can cause deep drawdowns due to large losses. Profitability depends on the chosen pairs, settings, and trading times.

FAQs

Is Forex Fury a good bot?

Forex Fury is a stable, fully automated trading bot. Some users have found it profitable and received good customer service, but not everyone has had the same experience.

What average monthly gains can I expect from Fury EA?

You can usually expect Fury EA to give you 10-20% returns each month, with compounding. The results also depend on your settings and preferences.

Where can I check the live trading results of the Forex Fury EA?

You can check the live results of Fury EA on Myfxbook. This portal connects popular EAs and trading strategies with live accounts, updating real results daily.

How to increase the performance of Forex Fury EA?

To boost Fury EA’s performance, run a few tests and adjust the settings for the best results. Although past success doesn’t guarantee future profits, thoroughly testing and tweaking Forex Fury EA can help you find the best settings for each asset you trade.