Kapola Trader EA is a Forex automated trading system that claims to be the new way of profiting from the Forex market. It is supported by verified trading statistics and is compatible with multiple currency pairs. The vendor claims that the system uses proven strategies to surpass the market.
Detailed Forex robot review
The vendor makes a detailed presentation on the official website. We have a short introduction followed by some highlights and a description of how the robot functions. They have outlined some of the benefits that this system offers, along with the pricing details. We also have the link to a live trading account, a contact form for messaging the support team.
There is no information on the developers behind this system. We don’t know where the parent company is based on when it was founded. The vendor has not revealed the identities of the team members. Also, it is unclear whether this team has a history of manufacturing automated Forex trading systems.
This is an EA that trades in pairs like EUR/USD, GBP/USD, AUD/USD, USD/JPY, and NZD/USD for the M15 timeframe. It watches the current price movements with the help of technical indicators. Kapola Trader EA is capable of operating on full autopilot. You don’t need to read advanced charts, conduct analysis, or deal with complicated trading signals. According to the developer, this expert advisor has a high win ratio of 3:1.
Kapola Trader EA strategy tests
The trading strategy of this EA is based on Bollinger Bands. For placing long and short trades, the robot calculates the entry point using this indicator. For making accurate entries and exits, it also analyzes the current price data. For maximizing the profit, it sometimes calculates multiple entry points.
For determining exit points, the EA uses indicators like Commodity Channel Index (CCI) and Moving Averages. For the actual calculation, it uses the moving average indicator, while the CCI is used for providing confirmation. The vendor claims that the EA is capable of winning in any market condition since it uses trailing stop loss to lock in profits.
We don’t have the historical test results for this robot. The vendor has decided not to test the automated strategy using historical data. This prevents us from analyzing the long-term performance of the system. Also, we cannot compare the backtesting data with the live statistics.
Real account trading results
Here we have a live trading account on Myfxbook that was launched on January 25, 2022. Thus, we can say that it has not been active in the live market for too long. However, in this short span of time, it has conducted 815 trades, which tells us that it follows a high-frequency trading strategy. The account has a high rate of 73% and a profit factor of 3.34.
Currently, the total profit generated through this account is $3,504.68, while the time-weighted return is +87.63%. While the daily and monthly gains are 2.55% and 87.63% respectively, the drawdown is only 8.79%. This means the robot does not trade with a high level of risk.
Looking at the recent trading history, we can see that the lot size for the trades lies between 0.02 and 0.10. The EA generates very small profits from each trade, but it is prone to suffering back-to-back losses as well. The average win and loss for this account are 14.19 pips/$8.36 and -23.12 pips/-$6.90, respectively.
There are three distinct pricing plans for this expert advisor. These plans are called Bronze, Silver, and Gold. For the Bronze plan, you get access to the MT4 licenses for one real and one demo account in exchange for $99. The Silver plan comes with two real and demo account licenses and it costs only $149. By paying $249, you can access the Gold plan that comes with four real and demo accounts. The vendor offers a 30-day money-back guarantee.
There are no reviews for this EA on the web, but on Forex Peace Army, there is an account with a weekly profit/loss of 18.9%.
Kapola Trader EA is an affordable robot supported by verified trading results. However, we know very little about the parent company. The vendor has not shared the backtesting results and there are no user reviews. Furthermore, it has a very short trading history.