Darwin Evolution is a Forex expert advisor that was launched at the end of 2021. According to the developer, this EA can handle your account without exposing it to too much risk. It trades in multiple currency pairs simultaneously and is optimized for long-term profits.
Detailed Forex robot review
There is no official website for this expert advisor and the MQL5 product page is the only source of information for it. Here, the vendor has explained how the EA functions and highlighted some of the key benefits of the system. We also have a list of recommendations, setup instructions, and screenshots showing the trade setups and historical test results.
Guillaume Duportal, the developer of this robot, is a resident of the United Arab Emirates. This is a self-employed developer who does not work for any organization. According to their MLQ5 profile, this person has three years of experience. However, we have zero background information on them. Apart from Darwin Evolution, they have no other EAs on MQL5.
This is a robot that can trade in 28 pairs at the same time. Since the vendor provides the set files, you don’t need to perform any optimization. It has a special news filter with disconnection schedules before and after the news. At the same time, there are independent hours for main news like Fed, BCE, FOMC, etc.
You can use this robot to trade in pairs like AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, and many others. The vendor recommends running it on M1 charts for best results. As per the set file, the default risk is 5%, but the vendor recommends trading with a lot size of 0.01 initially to understand how the EA functions.
You can use this robot with any broker that supports hedging positions. It is not dependent on broker conditions like spread, fees, execution speed, and quotation. The minimum required balance is $200, while the minimum leverage is 1:30 or lower with a specific setting.
Darwin Evolution strategy tests
Darwin Evolution integrates over 8 indicators and filters. The developer has not clearly explained the details of the strategy. This robot can remain in a standby position for several weeks, waiting for the perfect opportunity. In order to optimize the drawdown and the gains, it can keep its positions open for several days or weeks.
This backtest was conducted from 2017 to 2021. The EA placed 285 trades, winning 254 and maintaining a win rate of 89.12%. At the end of the test, the robot managed to generate a total profit of $25930.74. The daily and monthly average profits were 1.26% and 10.58%, respectively. The EA had a very low drawdown of 2.64%, which indicates a low-risk strategy.
Unfortunately, there are no verified trading accounts for this EA on third-party websites. The vendor has shared the link to a trading account on MQL5 that was started in September 2021. From then till now, the EA has had only 11 trading days, during which it has conducted 15 trades. It currently has a win rate of 93.33%, which is even higher compared to the backtest.
The maximum drawdown of 14.4% is a bit high relative to the backtest, but it is within the acceptable level. On average, the EA holds each trade for 20 hours. The profit factor for this account is quite impressive at 5.32. At this moment, the average profit and loss are 13.37 Euros and -35.15 Euros, respectively.
The current price of this expert advisor is $999. This makes it much more expensive compared to other robots available on the market. If you don’t wish to pay the one-time fee, you can rent the system for a year in exchange for $690. There is a free demo version for those who wish to test the robot’s performance using virtual money. The vendor does not offer a money-back guarantee for this EA.
We couldn’t find any reviews for this EA on third-party websites. The ones present on MQL5 cannot be considered authentic.
Darwin Evolution is a robot that is much more expensive compared to the market average price. The vendor does not offer a money-back guarantee and there is no proper explanation for the trading strategy. Last but not the least, there are no verified trading statistics for this EA.
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