🔒 FXConstant EA Review — Low-Drawdown Price-Action Forex Robot
🔎 Overview
FXConstant EA is an automated Forex robot for MT4 & MT5 developed by ForexStore. It uses a proprietary, indicator-free price-action strategy—comparing current market behavior against a library of 20 predefined patterns and activating match-specific trade management rules. It’s engineered for precision and capital protection.
🛠️ Strategy & Key Features
- 🔍 Pattern-based price-action logic (20 unique patterns)
- ⚙ Pattern-specific trade management rules for entry, exit, and recovery
- ⏱ Low-frequency trading—only a few trades per month, ideal for reducing drawdown overlap
- 💱 Usable on EURUSD and AUDUSD, selectable for flexibility
- 🆓 Includes MT4 & MT5 builds, user manual, free updates, 24/7 support, and a 30-day money-back guarantee (drawdown limit refund clause)
📈 Performance Highlights
- Live Myfxbook trading since July 2019: +357.74% growth, ~7.79% monthly return, with only 7% drawdown on EURUSD/AUDUSD
- Backtests span over 7 years (2012–2021), using every-tick model, in both Aggressive and Normal modes with precise testing quality
- Users report easy setup and stable execution across different market conditions
✅ Pros
- Strong capital protection with low drawdown (~7%)
- Highly precise pattern-driven approach (20 patterns)
- Works on both MT4 & MT5 across major pairs
- Includes 30-day money-back guarantee and refund if drawdown exceeds 35%
- Low trade frequency—great for portfolio diversification
❌ Cons
- Low drawdown usually comes with fewer trade opportunities
- Backtests only 90% modeling quality—tick-level data not fully simulated
- Refund conditions require following vendor settings and providing proof
- Limited pair coverage—focused only on EURUSD and AUDUSD
🎯 Best For
- Traders focused on low-risk, reliable automation
- Users combining this EA with more aggressive strategies for balance
- Long-term portfolio managers who value drawdown control
🚫 Not Ideal For
- Traders seeking high-frequency, aggressive returns
- Those needing multi-pair exposure in a single EA
- Beginners unwilling to test on demo before live deployment
🏁 Final Verdict
FXConstant EA stands out as a low-risk, price-action robot aimed at automation with capital preservation. Its pattern-based system and minimal drawdown make it unique, though trade frequency is limited. Ideal for cautious traders or as a conservative core in an EA portfolio. Always demo-test before live trading.
by TopForexEA
FXConstant EA has good results on the live Myfxbook account with good profitability, it has no deep drawdowns closed in loss as well. FXConstant forex robot sometimes can trade very rarely, up to only a few trades during the month. This is not a disadvantage if you are a patient trader or use the FXConstant EA combined with other Forex robots. There are backtests of the EA as well as all the features that make the life of the customer easier such as a 30-days money-back guarantee and 24/7 customer support. That is why I give it a 4 out of 5 stars mark.
by Daniel K. (Australia)
After 6 months of use, FXConstant EA has proven to be consistent. No major drawdowns and smooth equity growth. Perfect for traders looking for stability rather than chasing fast gains.
by Sofia L. (Spain)
Very reliable robot with transparent Myfxbook stats. I appreciate the low risk approach, though the returns are moderate compared to high-risk EAs. For me, safety is more important, and this EA delivers.
by Michael R. (USA)
FXConstant EA has been a game-changer for my trading. The stability and low drawdown make it perfect for long-term growth. I love that it’s not chasing risky trades but focusing on steady profits.