Unbeatable EA is yet another automated trading tool that promises to deliver profits for the user. The system is ready to use and comes with demo and real accounts as well as free trials. The vendor associates the EA with time and money freedom as it saves the trader’s time and makes Forex profitable. The vendor further asserts that the software trades without emotions which make it more lucrative.
In presenting Unbeatable EA, the developers describe what the system does, its benefits, live trading results, features, backtest data and requirements. In addition, they highlight the pricing and packages offered and customer support including mailing and Skype details.
The team behind this EA is not known. The vendor has failed to indicate the professionals who developed this robot including their names, designations or profiles. Therefore, we could not assess their competencies or experience in the Forex market. So, it is hard to rely on them.
Features
Unbeatable EA has the following features:
- Is adaptable to the market
- Does not apply long trades and hence ensures it closes trades within 24 hours
- Does not leave a trade without a plan of exit
- Does not use martingale and hedge strategies
- Has visible SLs and TPs
- Uses position sizing
- Offers quick customer support
- Is associated with fast order execution
When it comes to the trading strategy, the robot applies a simple formula to calculate how much money you want to make monthly and invest for you relatively.
The formula is:
Recommended balance= (profit you want to make monthly)/0.5
This strategy explanation does not inspire any confidence in the robot’s ability to generate profitable returns for the user. It does not specify the indicators it applies. This is unfortunate considering that traders normally rely on an EA’s trading strategy in deciding whether to invest or not invest in it.
How to start trading with Unbeatable EA
Unbeatable EA + robot combo for traders is available at $110/month. It comes with 1 real and 1 demo account and a free 7-day trial. The company also offers CopyFX for investors which it charges 30% of the profits made. For this package, monthly and advance payments are not required. However, the investor is allowed to make monthly and weekly withdrawals. The developers provide a 30-day money-back guarantee for both packages.
Unbeatable EA executes trades automatically. When you place an order, the vendor sends you a full working version of the software. You can then download, install it, put the recommended deposit of $100 and allow it to begin trading for you. HotForex or FBS are the recommended brokers. Traders are also advised to use the EA on Standard, Zero Spread, ECN accounts.
Backtests
Backtest results are provided below:
The backtest report shows that the EA traded with the EURUSD currency pair on the 15-minute time frame. A deposit of $100 was put into the account and a total net profit of $2,091.40 was generated. The rate of drawdown was quite low as it stood at 15.29%.
Unfortunately, the developers have left out important data. Information on the years of operation, number of trades executed, win-rates for the long and short trading positions, profit factor as well as the average profit and loss trades was missing. So, we found it difficult to ascertain the profitability rate of the system in a specified time period.
Verified Trading Results of Unbeatable EA
A look at the account indicates that it operated on the real USD account with the FBS broker from June 25, 2021 to July 9, 2021. Obviously, the account is quite young as it has operated for less than a month. So far, the EA has managed to increase the account balance from $99 to $155.50. A profit of $56.50 has been made and it represents a growth of 57.07%. The daily and monthly profits currently stand at 1.82% and 57.07% respectively. The drawdown is 12.71%.
The system has performed 77 trades with 0.77 lots. The winning rate for long trading positions is 73% and 80% for short ones. The profit factor is 3.63. The EA has made 607.1 pips. There is a slight difference between the average win (13.89 pips) and the average loss (-13.31 pips). This is not good. It indicates that there is a thin line between profits and losses made. Account losses can thus surpass the profits any time.
As we can see, the EA performs most trades on Monday (25 deals). Thursday and Friday have the least number of trades (10 trades each).
There’s a <0.01 chance of losing 10% of the account. This will require 12 consecutive losing trades.
The trading history shows that the account traded with fixed lots of 0.01. It also applied different trailing stop losses and take profits.
Customer Reviews
We visited the Forex Peace Army site in our search for user testimonials for this robot. We discovered that there are no reviews yet. Notably, the robot’s official website has a section dedicated to testimonials. Interestingly, it is empty. It is possible that traders are not aware of the existence of this EA or have not begun using it.
Is Unbeatable EA a Viable Option?
Advantages
- Verified trading results are provided
- Offers a 30-day money-back guarantee
Disadvantages
- Unclear strategy
- Lack of vendor transparency
- No customer feedback
- Young account
Summary
We advise traders not to invest in Unbeatable EA. Its operation period in the live market is too short. Therefore, we cannot place much weight on the results. We will monitor its performance to establish if it is profitable in the long-run or not. The lack of a clear strategy also makes us doubt the reliability of the bot. The absence of vendor transparency and customer feedback does not help matters. We cannot trust developers operating in secrecy or a product with zero user testimonials.
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