Cosmonaut FX EA comes with multiple backtesting records and claims to trade 10 currency pairs with super profitability. The robot has an intelligent money management system that allows traders to trade with minimum drawdown and maximum profitability. In this Cosmonaut FX EA review, we will shed some light on the advantages and disadvantages of this trading tool to help you decide whether it’s a good bet to invest in 2022.
Cosmonaut FX EA: to trust or not to trust?
We found no evidence of live trading results on the website and the Myfxbook results platform. The lack of transparency in this sector is extremely concerning. Without any customer on reviews on Forex Peace Army, we cannot regard the system as trustworthy.
The robot comes with the following characteristics:
- It trades on MetaTrader 4/5 platforms for trading.
- Free updates are available.
- The system allows auto trading 24/5.
- The EA can trade on more than ten symbols.
- The robot has an easy installation method and 14 days refund policy.
The developer states that the robot does not use martingale. In one place, they mention trading on 10, while on the other, they state that it trades on 12 currencies. The EA analyzes price channels and opens orders when the instrument moves away from the average value. Unfortunately, it is impossible to analyze its methodology for ourselves without any live records.
How it works
The algorithm uses the coded information within to analyze the markets and trade whenever a suitable setup shows up.
Use the following method to make the system workable.
- Purchase the robot from the website
- Download the files to your computer
- Get to the MT4 or MT5 terminal and sign in to your account
- Bring the downloaded robot files into the charts section
- Allow auto-trading
Pricing and refund
There are two membership plans available for the robot. €299 offers unlimited license access, whereas €249 will provide you with one key. Traders can pay for the product via VISA, MasterCard etc.
Users get a detailed guide and online technical support upon purchase. The company provides a 14-day money-back guarantee for their products.
The robot has no customer feedback on trusted third-party sites such as Forex Peace Army or Trustpilot. The reason for potentially zero reviews may lie in the fact that it has not been purchased/tested by the general community.
We analyzed the backtest starting from January 2012 and ending in March 2022 for the EURAUD currency pair. The initial deposited amount was €5000, which resulted in €3818885.05 on the M5 chart.
The algorithm performed 1791 trades where it managed a win rate of 77.11%. The account profit factor stood at 2.50, and the relative drawdown was 28.41%.
The developer provides a screenshot of the live results on the website. However, there is no evidence of the live records on Myfxbook. The algorithm stated started trading in December 2020 and ended in January 2022. The stat shows that they had an initial deposit of $59220000 which resulted in a $247098227.53 profit. The account drawdown value stands at 4.41%, whereas the gain percentage is 1498.77.
The current drawdown of the EA stands at 4.41%. As mentioned before, the live records have been provided in an image form which decreases its credibility, and we were unable to find any live results on Myfxbook.
CASHMAKER is a company that owns multiple financial trading robots such as Aurum EA, Machine EA, Power EA, etc. The enterprise provides no information on contacts and addresses. Users can get in touch with the developer by filling out the form on their website.