Amaze Review

Amaze is a trading advisor that was released on the MQL5 community several months ago, on May 23, 2021. It has received several updates to the 2.17 version. The advisor was downloaded for demo usage 1200 times. 

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Features

We have prepared a list of settings, details, and other information for you:

• It’s a fully automatic expert advisor that can make profits, open, and close orders automatically. 
• It was designed for use on the MT5 platform. 
• The system can open trades on EURUSD GBPUSD USDJPY. 
• It places only fixed levels of Stop Loss and Take Profit. 
• The price has increased from $299, $345 to $395 because discounted copies of the system were sold. 
• The system takes into account data from the news filter. 
• We can start trading with $50 on the account. 
• The leverage should be 1:500. 
• The best settings were customized for EURUSD on the H1 time frame. 
• We have to  use the system on the low spreads accounts. 
• The system requires a VPS service to execute orders quickly. 
• There are additional news filters: slippages, high spreads, Gaps, Repeated Levels. 
• The robot doesn’t work at night hours. 
• It places a single order on each pit on the market. 
• The system has Virtual StopLoss and TrailingStop features. 
• We may turn on a Grid of orders strategy. 
• We also are allowed to pick what direction we don’t want to trade. 

The system costs $395 for a real account lifetime license. The three-month rent for $345 is a scam. The offer is not supported by a refund policy. There’s a possibility to download a demo copy of the system. 

How to start trading with Amaze

• We have to purchase a robot. 
• We must own an account with a broker. 
• We should attach the system to the proper charts on the terminal. 

Backtests

The presentation is featured by a EURUSD report. The broker was IC Markets. The report united real quotes, spreads, slippages, commissions, and swaps. An initial deposit was $2,011. The total net profit has amounted to $282,117. The maximum drawdown was 0.65%. The Profit Factor was 18.78. The recovery factor was 9.46. The system has executed the next number of orders – 414. The accuracy rate was 100% for shorts and 99.50% for longs. It has won 207 orders in a row. 

Verified trading results of Amaze

The Amaze signals have been applied to a real 1:500 leverage account on TickMill. The win rate is 87.3%. The maximum drawdown is high as well – 29,2%. The robot has been working for 51 weeks in a row. The signals’ reliability is 4 from 5. The total growth is 36.24%. An initial deposit was $1,800. 

The advisor opens only 10 orders weekly. An average trade length is 53 minutes. The account was created on July 02, 2021. 

The robot has lost two months. So, it doesn’t look like a stable and predictable trading solution. 

The robot started placing more Buy Stop and Sell Stop orders. The system uses a Grid of orders with a quite aggressive Martingale. 

The advisor has closed 229 orders. The best trade was $302.86 when the worst trade was -$257.02. The recovery factor is 0.97. It’s a low number. The system trades both directions equally. The profit factor is 1.34. An average profit is $12.77 when an average loss is -$65.59. The annual forecast is 534.37%.

The robot works with EURUSD, USDJPY, GBPUSD, and AUDUSD cross pairs. 

People feedback

People had a negative experience of using this system and reaching deep Stop Losses. 

Review summary

Summary

Amaze works with high risks to the account balance. The system can easily lose several months. It tries to recover with aggressive Martingale that increases pressure on the margin level. The offer doesn’t allow us to get an affordable rental option. The testimonials are the opposite. Many clients lost money after the system reached deep stop losses on several trades in a short period of time. 

Would you like to try out trading with an Expert Advisor?

Check Out Best Forex EAs Here