Champion EA claims to be a smart trading tool that can work on multiple currency pairs. It uses a drawdown decreasing feature and a time filter for safe trading with high returns. As per the developer Evgenii Aksenov, this ATS is compatible with FIFO and FTMO regulations and has produced a drawdown of less than 10% for one year.
Detailed Forex robot review
Evgenii Aksenov is the developer of this FX EA. He is based in Russia and has three years of experience. He has created 45 products and 20 signals. Other products of the author include Gold Eagle, Index Scalper Pro, Joker, etc. He provides an email address and the messaging option on the MQL5 site for contacting him.
As per the vendor, the key features of the system are:
- You can use a single chart for trading all currency pairs.
- The EA offers support for multiple pairs.
- It uses a news filter to protect from volatile market phases.
- You need not optimize or use additional set files for using the ATS.
- It does not have any analogs in the market.
- It supports the GBPCAD, AUDCAD, NZDCAD, AUDNZD, and EURCAD pairs.
For the working method, the developer recommends attaching the EA to an H1 chart and the use of AUDCAD pair. Other requirements include a hedging account, an ECN broker with a low spread, the use of VPS for stable operation, and a minimum deposit of $100 per pair.
Champion EA strategy tests
This MT5 tool uses optimal entry and exit points and analyzes the price of a candle and the dynamic deviations. It decides only on the closure of the candle. The developer does not reveal the strategy used by the system and claims that it uses integrated protection features. A new filter helps to avoid random transactions during unpredictable phases.
For backtesting reports, the developer provides a screenshot of a strategy tester report shown below:
From the above stats, we can see that the initial deposit of 1000 had resulted in a net profit of 68,632,681.47. The profit factor was 1.69. The report does not show details like the maximum drawdown, the profitability, and other details. From the provided info, we can see that the profit factor was not very high, but the profit for a total of 13685 trades was high indicating a decent performance.
Real account trading results
The developer provides a screenshot of the real account of the ATS verified by the myfxbook site. But the account seems to be closed now as it is not present now on the myfxbook site. A live signal is present on the MQL5 site for the FX EA which is shown below:
From the above trading stats, we can see an initial deposit of $10000 has generated a profit of $7094 and a drawdown of 40.7%. Profitability is 79% and the total number of trading days is 154 for the account that started in September 2021. A 71% growth is present for the account which has completed 547 trades with a profit factor of 1.95. The monthly growth is -1.46%. From the high drawdown and negative monthly growth, it is clear that the strategy used is very risky. You stand to lose nearly half of your capital with such a high drawdown.
To buy this MT5 tool, you need to pay $799. A rental package is present that costs $499 for a 6-month rental. The developer states that the price will be increased to $9999 to restrict the number of users. However, there are no details present on the features available with the package. There is no refund offer present, which makes us suspect the reliability of the product.
Unfortunately, we cannot find user feedback for this FX EA on reputed review sites like FPA, Trustpilot, etc. There are few user testimonials on the MQL5 site. As the site promotes the product, the reviews may be manipulated, so we do not consider them.
Champion EA claims to have a low drawdown and high profits. The developer provides backtesting results and real signal stats. However, the backtesting report does not reveal important details like the drawdown. In the real trading stats, the drawdown is very high and monthly returns show a loss percentage. The pricing is exorbitant and there is no money-back guarantee.