What do we know about a MACD Trader Robot?
Today’s EA is MACD Trader designed by Konstantin Nikitin from Russia who’s got 8 EAs on the board.
The robot features are:
- multi-currency Expert Advisor with an unlimited number of currency pairs using MACD and Envelopes indicators;
- a trader can specify how the EA should work with each currency pair;
- allows to trade manually;
It’s a list of indicators behind the system.
We don’t know what currency pair was applied for this backtest. The modeling quality was 90%. The initial deposit was $1000. The total net profit was $229.99. The profit factor was 2.36. The win-rate was high and was between 80% and 86%. The max drawdown was 12%. The average profit trade ($2.48) is twice less than the loss one (-$5.12).
AS we can see, the account grows, but people don’t buy signals from him, as well as don’t rate him.
As we may see, the reason was the numbers of the maximum drawdown.
MQL 5 has sent him a message that he should increase trading activity at the account.
Nevertheless, for 24 months the account has been grown on +307.48% and there has been just one month that’s ended with little loss.
The balance grew quickly during the short period of trading with extremely high risks in May 2018.
The robot costs $300. Renting is available too. For 1 month it’ll cost just $20. For 3 months period, it’ll be $50.
Is MACD Trader a scam or a good forex robot?
- Strategy well-explained
- Backtests provided
- Trading results provided
- Lack of marketing company
- Extremely high max drawdown
- Low trading frequency
- High price as for a robot with these results and marketing
We don’t know for sure about this robot. It seems it trades well, but the numbers of the max drawdown show opposite. People didn’t buy it to get enough feedback to understand how it’s going. MACD Trader is completely a cat in the bag. At least, one month’s rent is as cheap as pizza.