EA Super 8 is an FX Robot developed by Vitali Vasilenka. This FX EA works on the MT4 as well as MT5 terminals and is created for aggressive trading. The developer assures that this ATS is capable of giving minimum profits without any loss. Traders can have full control of every trade with this trading tool. It uses a trend-following approach.
The developer is from Belarus and owns a personal website named EA Quantum Lab. As per the MQL5 profile, the developer has one year of experience in the field and has developed 17 products and 13 signals. Other products of the author include Smoke, Flower, Golden Moon, Golden Elephant, and more. To contact the developer, a phone number for WhatsApp and Telegram is provided along with the Telegram Channel link.
Features
There is not much info present concerning the features of this FX EA. From the minimal info provided here are the things we found related to this MT4 tool:
- This FX EA uses an aggressive method of trading.
- It uses integrated methods for identifying trend direction.
- A minimum deposit of $100 is recommended by the vendor.
As per the developer, to ensure the system works properly, you should use the trading recommendations of the developer. However, we could not find info regarding the recommendations like the leverage, currency pairs, brokers, etc.
Other than providing tips on how to increase profits with a minimum deposit of $100, the developer does not explain the strategy used. The minimal info present concerning the features, recommendations, and other aspects of the system makes us suspect this is not a reliable EA.
How to start trading with EA Super 8
To use this FX Robot, you have to pay $149. A free demo account is present. The developer does not offer further info on the features the package includes such as the updates, support, money-back guarantee, and more. We could not find a refund offer which makes us suspect this is not a reliable FX Robot.
As per the developer, to ensure you profit from using the EA you have to start with a minimum balance of $100. You should withdraw the profits daily after completing the trades and keep them in an individual account. If you lose your deposit, you need to start afresh with the minimum funds recommended.
Backtests
The developer provides a backtesting report on the MQL5 site. From the report seen above, we can see the testing done from 2013 up to 2021 using a fixed lot size of 0.01 has generated a total net profit of 97121.75.
A total of 230658 trades were executed with a profit factor of 1.08 and profitability of 70.45%. The test used a modeling quality of 99.9% and had a maximum drawdown of 28.90%. We find the profits are low for the number of trades executed and the drawdown is high indicating a risky approach.
Unverified trading results of EA Super 8
We could not find trading results verified by sites like myfxbook, FXBlue, etc. But the developer provides a live signal on the MQL5 site which is shown below:
From the above results, we can see the system shows 46% growth and a profit of $4609.96 for an initial deposit of $10000. A total of 23 trading days have been completed for the account started in October 2021. The leverage used is 1:1000 and a maximum drawdown of 74.8% is present for the account.
Profitability is 67.6% and the profit factor value is 1.67. From the stats, we can see the drawdown is very high indicating a risky approach. Further, the growth is high for such a short span indicating a high risk. Comparing the live trading stats with the backtesting data, we find the drawdown is higher for the real account and profitability is low.
Customer reviews
We could not find user feedback for this FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. The MQL5 site has reviews for the product. But since the site promotes the product, the feedback may be manipulated.
Is EA Super 8 a viable option?
After analyzing this FX EA meticulously, we find it is not a viable investment choice due to the following pros and cons.
Advantages
- Fully automated system
- Price is affordable
Disadvantages
- No strategy explanation
- Trading results show a risky strategy
- No refund offer is present
Conclusion
EA Super 8 claims to provide a low-risk system with minimum profit and good control over the trading. Our analysis exposes the ineffective approach and high risk involved in using this FX EA. Besides having a high drawdown, the profits are high for the short trading duration. These indicate poor money management and ineffective performance. On considering the various drawbacks, we find this is not a reliable trading tool.
