EA Smoke is an advisor that could help us with making profitable trades on our real account. The advisor was published only on the MQL5 forum several weeks ago – on July 2, 2021. The robot was downloaded for demo usage 165 times. Let’s see if the presentation can convince us.
Features
We’ve gathered everything we found about the advisor functionality and features:
- Smoke EA is a completely automatic trading solution.
- The system executes orders on the MT5 platform.
- We may enjoy the last three copies at the discount price – $149. The next price will be $449.
- We know no one who’d like to spend this much.
- The robot uses trend-based indicators to spot trading opportunities.
- The system cuts profits trading in the trend direction.
- The robot doesn’t execute risky strategies such as Grid, Martingale, Doubling, and Averaging.
- The system can open trades on the next cross pairs: USDCAD, EURCHF, EURUSD, USDCHF, EURAUD, AUDUSD, GBPUSD.
- It works in a quite short time frame – M5.
- We must have up to $50 for each cross pair on balance to trade.
- The system requires it to be used on a broker with low slippage.
- The advisor needs an ECN account to work well.
- The lowest spreads should be our goal.
- The leverage can be 1:500.
How to start trading with EA Smoke
The developers decided not to provide us with rental options. The system can be bought for $149 for a real account license. There’s a possibility to download a free demo copy of the system to check settings on the terminal or execute some backtest. As usual for MQL5, there’s no refund.
Backtests
There’s a EURUSD report on the 17-year data on the M5 time frame. The modeling quality was 99.90% with spreads of 5 pips. An initial deposit was $50. The total net profit was $18,158,497. The profit factor was 1.81. The maximum drawdown was 12.02%. It’s a medium number for a backtest. The advisor has executed 4182 trades with 76% of the win rate for shorts and almost 79% for longs.
Verified Trading Results of EA Smoke
The robot runs automatically and horribly according to the chart a real account on a quite known broker RoboForex. The system uses data from the Metatrader 4 platform. The leverage is 1:500. The account was issued on June 14, 2021, deposited at $1040 and withdrawn at $1000. Since then, the absolute gain amounted to 1.18%. An average monthly gain is impossibly low – 0.98%. The maximum drawdown is 7.92%.
There were 84 orders with only 52 pips traded. An average win is 3.22 pips when an average loss is -4.31 pips. The system secured orders with such a low win rate in both directions: 66% on longs and 64% on shorts. An average trade length is 1 hour and 13 minutes. The profit factor is 1.03. It means that the system is almost a scam.
The advisor trades unpredictably according to details. So, the robot should be updated before continuing to use it.
The system focuses on the calm past midnight periods of the Australian trading session.
The expert advisor sets the account at high risk during trading.
The last trade doesn’t look cool and attractive.
As a result, Julie 2021 is going to be lost.
People Feedback
There are two positive comments about how the robot works. We cannot be sure they were written not by his friends.
Vitali Vasilenka is a developer from Belarus who has a 14,336 rating. His products are rated by 4.7 based on 434 reviews. There are seventeen signals on the board with 102 subscribers.
Review Summary
| Advantages | Disadvantages |
| Affordable pricing | No risk advice given |
| Backtest report provided | Horrible trading results |
| No money-back-guarantee provided | |
| No rental options available | |
| The robot requires updates ASAP | |
| There’s a lack of people feedback |
Summary
EA Smoke is a trading solution that can’t provide stable profits for its clients. The advisor tries to make profits by scalping after Midnight during the Australian trading session. Alas, profitability doesn’t grow. We can’t suggest you use this system because it’s almost a scam.
