Time ago we bought some high ranked EA’s from mql5.com marketplace to use for own purpose. Days/weeks/months later all robots made losses, no profits at all.
So how to choose the right one if top rated aren’t so profitable?
How to find optimized, best performing set files for all currency pairs, if author doesn’t put any effort to create and share those?
How to find out if particular EA is a scam robot with manipulated historical data for backtests, or it`s pure algorithm with profitable system inside?
God, we just need to find out answers on all of questions we have and build consistently stable and profitable algo trading portfolio with no scam robots, lies, fake reviews and other marketing tricks! Where is the knowledge base? We didn’t find and decided to create the one.
We started to backtest, evaluate, optimize and forward test on live accounts all of them.
Yes, more than 4000+ forex robots. We use most precise backtesting methods what 99,95-100,00% are the same we see on our live real accounts in forward testing process.
Powerful technical equipment (our own data center) and specialized own and third party software allows us to backtests 50-100 new EA every single day.
And now we decided to share this knowledge base with you!
Let`s all together see the truth and honestly admit: 90% forex robots are consistently losing money, scam and only were made to collect money from sales. We are against such business models, we are for ugly truth!
You are welcome to enter our knowledge base, check our evaluation before make any forex robot purchase, for symbolic price buy best performing optimized set files for right forex robots and much more!
Our data centre performance stats:
New EAs backtests past 24h: 0, past week: 0, past month: 0, all time: 0
- Use Search filter to find forex robot by name (all names are the same like in mql5 marketplace)
- On top are most interesting EA’s with higher Risk/Reward ratio (why R/R ratio is so important? Read in our blog)
New High Low EAEA author's description
Incredible performance on backtests, but after we launched it on live account, robot performed with consistent losses.
Author insisted that 2 weeks is not enough for evaluation (we disagree, 2 weeks in this particular case is enough) and keeps improving backtests and EA each week, but proceeds to lose even on his own signal (demo account).
Looks like something was implemented in robot code and history to perfectly perform in backtests, but…
Our conclusion: live account trading not an option for sure.