SamuelNot every forex robot catches your attention immediately. PoundX from Multior Forex was one that took me a bit of time to properly assess, but after running it on a demo account since late September and putting it through a two-year backtest, the numbers are genuinely worth discussing.
This review covers everything: the vendor’s background, demo account performance, backtest methodology, and how I sized the risk for a live prop firm account.
PoundX EA Review At a Glance
PoundX is an advanced GBP/USD trading robot developed by Multior Forex (multiforex.eu), described as suitable for both intraday and multi-day trading with advanced money management. It is the most affordable of the three strategies in the vendor’s suite. My two-year backtest on a $10,000 account produced $1,400 in profit with a $400 maximum equity drawdown, roughly 4% drawdown against a 14% total gain.
| Feature | Detail |
| Vendor | Multior Forex (multiforex.eu) |
| Currency pair | GBP/USD |
| Trading style | Intraday and multi-day |
| Price | €595 lifetime license or €55/month subscription |
| Number of activations | Not listed on website , contact vendor directly |
| Vendor track record started | September (MyFX Book, live updates) |
| Demo account started | End of September |
| Demo balance growth | $10,000 → $11,200 |
| 2-year backtest profit | ~$1,400 on $10,000 account |
| 2-year backtest drawdown | ~$400 (4% of account) |
| Estimated monthly profit | ~$58/month (~$47 after 80% prop payout) |
| Prop firm tested | iFunds |
| Prop firm account size | $10,000 (with ~$1,000 invested) |
| Effective monthly return on capital | ~5% on invested amount |
What Is PoundX EA and Who Makes It?
PoundX is a forex robot from Multior Forex, a vendor with three strategies on their platform at multiforex.eu. Of the three, PoundX is the entry-level option, which doesn’t mean low quality, but it does mean the most accessible price point in their range.
The strategy focuses exclusively on GBP/USD, trading it across both intraday and multi-day timeframes depending on conditions. It includes what the vendor describes as advanced money management, which becomes relevant when you look at how it handles open positions over multiple days, something I’ll get into shortly.
The Developer’s Background
The developer behind Multior Forex has over eight years of experience in financial markets, with a specific background in algorithmic trading and software development. That combination, finance knowledge paired with actual coding experience, is worth noting. Many EA vendors come from one background or the other, but having both tends to produce more thoughtful strategy design. It’s not a guarantee of results, but it’s a more credible starting point than a vendor with no visible track record or background.
The website also shows real prop fund payouts and a Darwin X allocation, which adds another layer of credibility. These aren’t things easily fabricated, and seeing actual payout receipts on a vendor’s site is more reassuring than testimonials alone.
Pricing and Licensing
At €595 for a lifetime license, PoundX sits in the mid-range of forex trading software pricing. There’s also a €55/month subscription option for those who want to test it before committing to the full purchase.
One thing that stood out, and it’s worth flagging, is that the vendor’s website doesn’t clearly state how many MetaTrader terminal activations the license includes. Before purchasing, I’d recommend contacting Multior Forex directly to confirm that detail. It matters if you’re planning to run the EA across multiple accounts or brokers simultaneously.
PoundX EA Demo Results: What My Account Shows
My demo account has been running since the end of September, on a $10,000 starting balance. At the time of this review:
- Balance has grown from $10,000 to approximately $11,200, roughly a 12% total gain
- Equity is currently in a dip below the balance line. This is not a cause for concern, and my backtest confirms why
That equity dip deserves a specific explanation because it’s the kind of thing that makes traders anxious when they first see it. The EA holds positions open across multiple days, and during that holding period, the floating loss creates a visible gap between the balance line and the equity line. The balance keeps climbing as closed trades book profit, but the equity lags because of the open position.
Interestingly, the vendor’s own MyFX Book account, which started about ten days before my demo, shows exactly the same pattern at the same time. Their balance is up, their equity is temporarily down.
That alignment between two independently running accounts is actually quite reassuring. It suggests the behavior is a feature of the strategy, not an anomaly in one specific setup.
Backtesting PoundX EA: Short-Term and Long-Term Results
Before running a full historical backtest, my first step was to run one covering exactly the same period as the demo account, from the end of September to the present, roughly five to six weeks. The purpose was simple: if the backtest can’t replicate what the demo account actually did, there’s no reason to trust a longer backtest either.
Running the backtest in MT5 with a 2-lot size (matching what the demo had actually traded, confirmed by checking the order history) produced results that were very close to my demo account figures. The balance line moved upward in a similar trajectory, the equity followed with a similar dip pattern, and the final numbers, balance around 1,140 and equity around 940, were close enough to the demo’s real figures to give me confidence in the testing methodology. Different broker data means an exact match isn’t expected, but the behavior was consistent.
That short-term confirmation matters. It means the longer backtest that follows is likely to represent how the EA will actually behave, rather than being an optimistic simulation disconnected from real trading conditions.
Two-Year Backtest Results
Extending the backtest back to 2023, covering just over two years, produced these results on a $10,000 account:
- Total profit: approximately $1,400
- Maximum equity drawdown: approximately $400
- Drawdown as percentage of account: ~4%
The balance line showed a steady upward trend throughout, with equity periodically dipping below it before recovering. That pattern repeated consistently across the full two-year window, exactly what I saw in the demo account.
Seeing the same equity behavior appear repeatedly across different market conditions over two years makes the current demo dip feel entirely normal rather than worrying.
PoundX EA Risk Sizing and My Prop Firm Setup
This section is perhaps the most practically useful part of the whole review, because knowing a robot works is only half the picture; knowing how to size it appropriately is the other half.
Calculating the Monthly Return
Working through the backtest numbers:
- $1,400 total profit over 24 months = approximately $58 per month
- On a prop firm account with an 80% profit split, that becomes approximately $47 per month
- As a percentage of the $10,000 account: roughly 0.47% per month on the account size
That last number sounds modest. But here’s the context that changes it significantly.
Why the Prop Firm Structure Matters
Running this EA on an iFunds prop firm account means my actual capital invested is approximately $1,000 to access a $10,000 trading account. The profit of $47 per month is calculated on the $10,000 account , but it represents roughly 5% monthly return on the $1,000 I actually invested. That’s the leverage effect of prop trading. You’re putting in a fraction of the capital but earning returns calculated on the full account size.
For such a low drawdown setup, that’s a strong return. The 4% maximum drawdown on the $10,000 account leaves a meaningful buffer before hitting the prop firm’s maximum drawdown threshold of 6%. The difference, roughly $150 to $200, isn’t enormous, but it’s a workable cushion for a strategy that has shown consistent behavior over two years.
Why I Chose iFunds for This Strategy
iFunds has a single main rule: don’t exceed the maximum drawdown. No correlation restrictions, no consistency rules, no complex requirements around trading days. For a robot like PoundX that holds positions across multiple days and may have occasional equity dips, a simple drawdown-focused prop firm is a better fit than one with multiple behavioral rules. Fast payouts were also a positive I noted when choosing this particular firm.
For larger account sizes, the same process applies: adjust the lot size proportionally and confirm the drawdown figures remain within the prop firm’s limits before going live.
PoundX EA Pros and Cons
What Works in Its Favor
- Backtest closely matches demo performance: my short-term backtest replicated real demo results accurately, which gives meaningful confidence in the two-year backtest data
- Steady balance growth confirmed across both my demo account and the vendor’s own MyFX Book track record, running in parallel
- Low drawdown relative to return: approximately 4% maximum drawdown against a 14% two-year gain is a favorable ratio for a long-term strategy
- Developer credibility: eight years of finance and algo trading experience, real prop fund payouts, and Darwin X allocation on the vendor’s site
- Simple prop firm compatibility: iFunds’ single drawdown rule makes this easy to run without worrying about triggering other account restrictions
- Flexible pricing: the €55/month subscription option allows testing before committing to the €595 lifetime license
What to Keep in Mind
- Short live track record: both the vendor’s MyFX Book account and my demo started in September; that’s only a few months of real data, which limits how much can be read into current performance
- Activation count unknown: the vendor’s website doesn’t state how many terminal licenses are included. I’d confirm this before purchasing
- Equity dips are part of the design: holding multi-day positions means the equity regularly trails the balance; traders who check their accounts frequently and react emotionally to floating losses may find this uncomfortable
- Single pair only: PoundX trades GBP/USD exclusively; all performance is tied to that one market’s behavior
Final Verdict: Is PoundX EA Worth Testing?
Honestly, I think this has real potential, but with the important caveat that the live track record is still quite short. A few months of matching performance between my demo and the vendor’s account is encouraging, and a two-year backtest that replicates actual demo behavior is more credible than most EA reviews can offer. The risk-to-return profile on a prop firm setup looks genuinely attractive for long-term, hands-off forex trading.
The key is setting the risk correctly from the start. My backtest process here, confirming short-term results match demo reality, then extending to two years to find the right lot size, is the right way to approach any EA. Skipping that step and just running default settings is where most traders get into trouble.
One thing I’d recommend doing before purchasing: contact Multior Forex directly about the number of license activations. It’s a small detail, but it matters for planning how and where you run the robot.
Where to Find Full Details and Track the Results
For the current demo account performance, backtest data, and setup details, visit the PoundX EA page at Algo Trading Space. Live results are tracked and updated there as my testing continues.
For access to all actively monitored robot accounts, including demo and live results sorted by performance, the Algo Trading Space VIP Club is worth a look. VIP members get exclusive access to real-time trading results, early insights on new forex robots before they’re publicly reviewed, and priority support when setting things up.
Frequently Asked Questions
What is PoundX EA, and what does it trade?
PoundX EA is a forex expert advisor developed by Multior Forex (multiforex.eu) that trades GBP/USD using a combination of intraday and multi-day strategies with advanced money management. It is the most affordable of the three strategies in the vendor’s product range, priced at €595 for a lifetime license or €55 per month on subscription.
The developer has over eight years of experience in finance and algorithmic trading. The vendor publishes a live track record on MyFX Book with real-time updates, alongside verified prop fund payout records.
How did PoundX EA perform in my backtesting?
My two-year backtest on a $10,000 account produced approximately $1,400 in total profit with a maximum equity drawdown of around $400, roughly 4% of the account. Before running the longer backtest, I ran a short-term test covering the same period as my demo account first to confirm the results matched real trading behavior.
The short-term backtest closely replicated my actual demo performance in MT5, which gives me meaningful confidence that the two-year figures reflect how the strategy genuinely behaves rather than an overfitted simulation.
Why does the equity dip below the balance in PoundX EA?
PoundX EA holds positions open across multiple days as part of its multi-day trading approach. While a position remains open, the floating profit or loss creates a visible gap between the balance line (closed trade profits) and the equity line (total account value including open positions).
This is normal and expected behavior for this strategy, not a sign of a problem. My two-year backtest confirms this pattern repeats consistently throughout the historical data, and both my demo account and the vendor’s live MyFX Book account show the same equity behavior simultaneously.
Is PoundX EA compatible with prop firm trading?
Yes. I specifically set up PoundX EA on an iFunds prop firm account for live trading following my demo testing. iFunds has one primary rule: don’t exceed the maximum drawdown, with no restrictions on trade correlation or trading style.
My two-year backtest showed a maximum drawdown of approximately $400 on a $10,000 account, leaving a buffer before hitting the typical 6% prop firm drawdown limit. For each account size, the lot size should be adjusted and backtested separately to confirm the drawdown remains within the firm’s limits before going live.
What monthly return can I realistically expect from PoundX EA?
Based on my two-year backtest on a $10,000 account, the strategy produced approximately $58 per month in gross profit. On a prop firm account with an 80% profit split, that becomes roughly $47 per month.
As a percentage of the $10,000 account, this appears modest, but in a prop firm context where approximately $1,000 is invested to access a $10,000 account, the effective return on actual invested capital is closer to 5% monthly. These figures are based on historical backtest data and a short live demo period; past results do not guarantee future performance.
