Fx Nitro was developed by some programmers and has been sold by someone called Johnny Livermore since August 2009. You actually get three robots: Two operate only in the EURCHF on the 5 minutes timeframe, while the third one (see below) operates on the EURGBP on the 15 minutes timeframe. They have profit targets of only 9 pips and stoplosses of 36 pips.
How does FXNitro work?
The FXNitro Main EA + Fractal Edition are trading in the EURCHF pair on the M5 timeframe, while the Low Frequency robot is trading EURGBP on M15 timeframe. The main FxNitro robot has 7 different strategies and each of these has its own set of indicators (in total up to 50 indicators, plus some custom indicators). It opens up to 5 trades at the same time. Trades are exited with fixed targets and stoplosses.
Other features of FXNitro
The EA has a built-in risk management system, but the sizes of the lots can also be determined manually to bring them in line with balance percentage risk levels. The default settings do not accommodate ECN brokers which require market orders. FX Nitro has a special moving-average stop-loss algorithm, which means that it is the moving average of the pair that triggers the stop loss, not the prices. Other settings for stoploss, targets (Take Profit) and breakeven are available.