Information

ForexExtract is a robot that has proven its profitability and stability in real tests on accounts with money, not just on demo accounts. All its results are verified by the independent company Myfxbook.

We have worked for a long time to develop and set up a good mechanism that makes it possible to find good Market entry points. It provides great profitability to our system. But of course, sometimes our algorithm makes mistakes, and that is when a mechanism which finds the best moment to close an unsuccessful order starts working. Sometimes it closes an order in a small profit, or in a zero profit, and sometimes in a small loss. But the algorithm is configured in such a way as not to make large losses. In the event that ForexExtract has failed to recognize exactly when the order should have been closed, and the drawdown has become bigger than we were ready to get, then the system can add the second order, and sometimes the third one, to cover a drawdown of the first order by a profit of the following order(s). If it happens that even with such protections the drawdown could not be covered, then the last algorithm is activated. It calculates the moment when, how and at what price to open additional orders that will be able to cover all the drawdown that we have. This algorithm is well thought out and it will not allow the EA to "accumulate" drawdown if there is a rapid movement (trend) in the opposite direction from our orders.

ForexExtract is an interesting robot that, as you can see, has many levels of protection which provide good reliability and security for the user's account. But even if they all fail for some reason, due to some unprecedented Market upheaval, our robot has a built-in drawdown limitation mechanism that will protect your account from significant losses.