Champion EA Review

Champion EA is a trading solution that is sold on the MQL5 market. The presentation looks average and includes some explanations like settings, strategy, details, and customization features. 

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Evgenii Alseniv is a developer from Russia with a 161,091 rating. His portfolio includes 43 robots and 20 signals. Evgenii’s  products have a 5 star rating based on 757 reviews.

Features

The presentation is featured for many information that can help us with making the right decision. 

• The system was designed to help us with making pips automatically on a terminal. 
• We can work with five cross pairs at once. 
• The advisor had a drawdown reduction. 
• There’s a time filter to trade during only proper hours. 
• The price was reduced from $1250 to $799. 
• The advisor follows NFA and FIFO rules. 
• The drawdowns can be less than 10%. 
• We may trade without trading experience at all. The system will do everything for us. 
• The dev provides us with an invitation in the VIP chat. 
• “The advanced INFINITY dashboard panel informs the trader about all the necessary information about the account, the ratio of profit or loss, the amount of free margin, etc. The adviser analyzes the price of each candle and its dynamic deviation in the flow of quotes and makes a decision only when the candle closes.”
• Trading is possible from a single chart. 
• The system is delivered being already customized. 
• “It has no analogues on the market.”
• “For quick testing use the 1M OHLC, as the EA only uses open prices internally as well.”
• It requires us to run on a Hedge account. 
• The system isn’t sensitive to spreads. 
• The advisor is a medium frequently trading solution. 

How to start trading with Champion EA?

• It has to be attached to only one H1 chart of AUDCAD. 
• ECN and VPS services are a must. 
• We can work with: AUDCAD, NZDCAD, EURCAD, GBPCAD, and AUDNZD.
• We should trade only on recommended pairs. 
• The minimum balance is $100. 

The price was increased from $588 to $799. We have only one subscription option for $499 for half a year. We can download a robot for demo usage. 

Backtests

The developer decided not to share backtest reports with us. It’s a con because we have no information about how the system worked on the past tick data and what broker provided it for testing. 

Verified trading results of Champion EA

The advisor works on a $10,000 well-deposited account on a common broker for algo trading, RoboForex with 1:500 leverage. The advisor works on a real well-deposited $10,000 account with 1:500 leverage. The maximum drawdown is 40.7%. The maximum deposit load is 14.9%. The win rate is 79%. The account has been managed for 51 weeks. 

It executes 8 deals weekly. An average trade length is huge – 5 days. 

It has lost December 2021. So, we should wait to check if the robot is good to go in 2022. 

The advisor trades so often in the direction of negative swaps. 

The robot executed 548 deals. The best trade is $1624 when the worst trade is -$770. A recovery factor is 6.05 when a profit factor is 1.95. An annual profit prediction is still negative, -16.33%. An average monthly forecast is -1.35%. 

AUDCAD is the most traded pair with 250 deals. The robot works with both directions equally.

There are so many warnings delivered. We don’t know if the system will stabilize in 2022. 

People feedback

We have several testimonials written about how people had the positive experience of using the system. 

Is Champion EA a viable option?

Summary

Champion EA is a trading solution that works with mediocre success on the real account. The system doesn’t look stable especially after losing December 2021. So, we’d like to wait to see how it will work in 2022. 

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