Unbeatable EA is a new Forex robot that was released and became accessible to the public at the end of June 2021. This expert advisor claims that it can give more than any other EA in the FX market. The devs that stand behind this system believe that their product is out of the competition because of adaptive machine learning principles, flexibility, accessibility, emotionless trading, and reduced trading stress levels.
In this Unbeatable EA review, we will determine whether it is a viable expert advisor or just another get-rich-quick scheme.
Detailed Forex Robot Review
The Unbeatable EA presentation consists of several categories named live results, backtests, pricing, testimonials, blog, and support pages. Hey also tell us about some features, benefits, and requirements on how to trade with their EA.
According to WHOIS research, we have found that Unbeatable EA launched the FX market on June 25, 2021. The IP location is California, which probably is also the place its devs come from, but we are not sure. Unfortunately, this is all we know about the developers at this time though, as they do not provide any information about themselves. If they want to be taken seriously, they need to provide this sort of information sooner than later.
The vendor points out the following features of this trading system:
- It’s a fully automated EA that works on MT4 terminal
- The robot is advertised as the one promising ‘Unbeatable Performance’
- The system is easy to use
- It has a machine learning principle
- With this EA we may save our time and experience consistent profits
- We can reduce our stress levels
- It can reduce stress levels caused by an emotional factor
- The robot trades multiple instruments with diversified risk
- The system was well tested before it became accessible to the public
- The dev provides backtesting reports for every currency pair this robot trades on
- It closes trades within 24 hours
- It places fixed and visible SL and TP levels
- It does not use Martingale or Hedge approaches
- It has fast order execution
- Customers are provided with quick support
What are the requirements to trade with this EA?
- MetaTrader account
- The system requires VPS service
- The minimum deposit is $100
- The dev promotes FBS and HotForex brokers
- The recommended account types are Zero Spread, Standard, and ECN.
Unbeatable EA Strategy Tests
The Unbeatable EA page does not provide an in-depth explanation of their trading strategy or services. Instead, there is a list of 10 short bullet points. Two of the points tell that the robot does not use Martingale or Hedge. The devs tell us that the system does not keep orders open for a long period and closes most trades within 24 hours.
Some of the other aspects the developers want us to know are that their EA comes with visible SLs and TPs, fast order execution, and position sizing. Although these aspects look interesting, they are common to most expert advisors. Without a detailed trading strategy explanation, we say what to expect from this EA.
The devs share 7 screenshots demonstrating the past EA performance for the following pairs: GBPUSD, USDCAD, GBPJPY, EURUSD, EURJPY, CADJPY, and AUDJPY. The average drawdown for these currency pairs was 12-13%. The highest return was achieved on trading the GBPUSD – $7787,3. The robot worked on an M15 timeframe with a common for all symbols deposit – $100. When we wanted to click on the ‘view backtest details’ button to see more information about the past EA performance, we saw nothing but the same screenshot of results we see on their homepage. It looks odd. With a lack of information and transparency in terms of backtesting results, we cannot consider the results the devs provide authentically.
Real Live Account Trading Results
On their website, the dev provides us with 1 real account verified by myfxbook.com. Let’s check what we have.
This trading account was created on June 25, 2021, and deposited at $99. The robot trades under the recommended FBS brokerage with 1:500 leverage on the MT4 terminal. For less than 1 month of trading activity, the system’s gain has grown to 57, 07%. The average daily and monthly gains are 2, 28%, and 57,07% respectively. The peak drawdown was 12, 71%, equally the same we saw in the backtest report.
So, out of the deposited $99 the robot could generate $56 of profit and not the total balance amount of $155, 50.
Based on 77 deals performed, the average win rate of this EA is 78%. The average win equals the average loss: $1, 30, and -$1, 26 respectively, meaning that the risk/reward ratio is 1:1. The profit factor is high – 3, 63. Unbeatable EA’s trade frequency is 6 hours and 23 minutes.
It trades AUDJPY, AUDUSD, CADJPY, EURJPY, EURUSD, GBPJPY, GBPUSD, and USDCAD cross-pair symbols. The most traded one is GBPUSD – 18 deals. The most profitable is GBPUSD ($18, 41) and GBPJPY – $16, 39 based on 12 deals performed.
It trades with medium risks of the account balance. In case of 12 consecutive losing trades in a row, a trader will lose 10% of the account balance.
It uses Grids of orders without Martingale (operates with a fixed Lot size – 0. 01). The EA applies different trailing stop losses and takes profits.
The devs of Unbeatable EA advertise 2 packages for their trading system. The first package is a monthly subscription plan that is available for $110/month. It includes a 7-day free trial, customer support, one real, and one demo account. The other CopyFX Unbeatable EA package requires 30% commissions from profitable trades. It does not require a monthly payment.
The robot comes with a 30-day money refund.
This EA has a page on FPA. However, until now no customer review has been written.
Taking into account that this is a new trading tool in the FX market it is too early to say something for sure. Nevertheless, we have already found some drawbacks that are necessary to be addressed to the vendor: undisclosed trading strategy and suspicious backtesting results. If he wants to be taken seriously, he should be more transparent with customers.
We will check back in a few months, to see if anything has changed. Until then, we are not in a position to recommend Unbeatable EA.