We have the Cairo 2021 robot published on MQL5. The developer is Ruben Octavio. The system was published on January 19, 2021. Since then, it has been downloaded 2466 times. The current version is 1.43. It was updated on February 15, 2021.
Features
The developers provided some explanations of how the system works:
- Cairo is the system that can work automatically for us.
- It was tested on the real tick data, spreads, and slippages.
- The test period was five years.
- The developer didn’t disclose information about the strategy behind the system.
- The robot trades with only EUR/USD.
- According to the following backtest, it works on the M1 time frame.
- The robot was designed in a way that allows attaching it to any time frame.
- The robot is a low-frequently traded advisor.
- The system doesn’t keep deals overnight.
- The expert advisor doesn’t include risky strategies.
- We can use the Vintage FX broker to trade on the real account.
- There are both versions provided, MT4 and MT5.
- The robot cares about all open trades placing TP and SL levels.
- Lot Sizes for deals can be fixed or calculated by the money-management system based on the risk we set.
- It keeps a single trade on the market at a time.
- There are some parameters that can be customized: Take Profit, Max Spread, Max Lot, Magic Number, Dynamic Lot, Stop Loss, and CCI.
How to start trading with Cairo
Cairo 2021 has a simple offer. The system is available for $399 for a digital copy. Most likely, the copy is a lifetime. There’s a single subscription option for $249 monthly. It’s absolutely insane pricing. There’s a free demo button available. We can try the system on backtests and check the settings. A money-back guarantee is not provided.
Backtests
The Lot Size (risk) is 0.2 per $1000 of the balance. Stop Loss is 75 pips when Take Profit is 6 pips – almost twelve times deeper. The max spread was set at 100 pips.
The developers set an initial deposit at $500. The Total Net Profit has become $111,029.60. The maximum drawdown was 0.56% only. The Profit Factor was 203.31. It’s a solid number for a backtest. The recovery factor was 11.33. There were 540 trades closed. The win rate was 100% for Short and 99.67% for Longs.
Verified Trading Results of Cairo
There are Cairo 2021’s trading results connected to MQL5. It runs on the Vantage live account 1:100 leverage automatically. We can get these signals for $199 a month. The signal reliability is 4-starred. The maximum drawdown is 16.4%. The absolute growth has become 76.54% ($176.42 of the balance).
The robot has traded for 35.94% of the days (23). An average holding time is five hours. The account was created on March 01, 2021.
The robot has started trading with high risks since March 2021.
The system sat in the second deep drawdown period.
Cairo 2021 traded 29 deals with a 100% win rate. The maximum deposit load is 81.42%. The trading frequency is three deals a week. The recovery factor is 363.90. The Long direction was traded a bit less (12 deals) than the Short direction (17 deals). The Profit Factor was 18.45. An average profit is $2.79. The average monthly growth is 20.96%.
There are only EUR/USD deals traded.
MQL5 sent warnings to the developer.
People feedback
Some of the last comments published on the MQL5 forum are positive.
Other notes
There’s a profile with a 3.1 rate (4283) and 495 friends on the board.
The portfolio includes eight robots, and one signal after Paris 2021 was removed because it’s a scam.
Is Cairo a viable option?
It’s hard to tell because the system is young and has a low frequency of trading.
Conclusion
Cairo runs a real account, trading the EUR/USD currency pair, and it may look okay. However, there’s a crucial drawdown you may not know. The second system that was designed around the same patterns and the same SL/TP levels, called Paris 2021 has become a scam several days ago. It’s so risky to run the robot which SLs are over five times deeper than TPs.
