Unbeatable EA is a trading solution with a simple enough presentation. The main claim is ” Taste The Power Of Forex Trading. The Forex Robot And Expert Advisor That Gives You More! Ready to Use | DEMO + REAL ACCOUNTS | FREE TRIALS.”
Unbeatable EA: To Trust or Not to Trust?
The system was applied to the account to trade at the end of June 2021. We can’t be sure that the system fits our expectations until it trades for half a year or so.
The developers provide us with a short list of explanations of what we should expect from the system:
- The system is a fully automatic trading solution that knows how to work on the charts without us.
- We can set it up on the terminal easily.
- The robot knows how to save time trading for us.
- We are free to use other systems to be profitable.
- The system has a self-updated algorithm.
- All of this is able to reduce our stress level.
- The system knows how to work without emotions following algorithms.
- The robot can be used on a demo and real account.
- We can purchase EA and Forex Robot (trading tools). The developers didn’t provide us with explanations.
- The robot was well-backtested.
- The orders are usually closed within a day.
- The software has backtest reports for all pairs.
- The advisor doesn’t have Martingale applied.
- It places fixed and visible SL and TP levels.
- The system has a high level of deal execution.
- There’s no Hedge strategy as well.
- We can rely on welcome and lightning-quick support.
- It “doesn’t leave without an exit plan.” We don’t know what they meant.
- We have to use a VPS service to be profitable.
- We can work on the Metatrader accounts.
- The minimum deposit should be $100.
- The developers recommend we use HotForex or FBS brokers.
- The best account type is Zero Spread, Standard, and ECN.
- “Use our Simple Formula to calculate how much money you want to make per month and invest relatively. Recommended Balance = (profit you want to make in a month)/0.5.”
The offer includes two packages. We have the first pack subscription-based (for traders). It costs $110 monthly. The package includes a free 7-day trial, one real and demo account. We can receive a copy of our robot. The second pack is CopyFX, a copy-trading service (for investors) where we have to pay 30% commissions from the total profit. We can work through the brokers RoboForex, HotForex, Forextime, and IC Markets. IC Markets and RoboForex have a good reputation. We can expect if something goes wrong to get a 30-day money-back guarantee.
Verified Trading Results
Instead of the final backtest report, we have just screenshots of the charts. We can’t be sure they were from this backtest. The developers mentioned that the timeframe was M15, drawdowns were approximately 12%. On the GBPJPY, a $100 deposit turned into $4403 of the total net profit.
The robot is applied to a real account on FBS. It works automatically with 1:500 leverage on the MetaTrader 4 platform. The account was created on June 25, 2021, and deposited at $99.00. The absolute gain has become 57.07%. An average monthly gain is the same, 57.07%. The maximum drawdown is 12.71%. The last time the robot provided updates was on July 09, 2021. It was almost two weeks ago.
The robot traded 77 orders with 607.1 pips. An average win is 14.89 pips when an average loss is -13.31 pips. The win rate is 73% for Longs and 80% for Shorts. An average trade length is 6 hours and 23 minutes. The profit factor is 3.63.
The robot traded on the many cross pairs where GBPUSD was the most traded, 18 orders and $18.41.
The robot traded market openings: Asian, European, and American.
Monday is the most traded day when Thursday and Friday are the less traded days.
In order to lose 10% of the account, the system has to lose 12 orders.
The system uses a Grid of orders in trading. The robot knows how to slide orders before they reach SL or TP levels.
July 2021 will be closed with a lower monthly profit compared with June 2021.
The developers have no transparency at all. We don’t know who they are. We haven’t seen backtest reports, and the system stopped trading almost two weeks ago without reasons.
The company created a page on Forex Peace Army. We have a trading account connected to it, but it has not been updated since July 12, 2021. People provided no feedback about the system.
It’s suspicious because they keep selling the robot but stopped using it for making profits. You have to ask them about this case.