EA Super 8 is an FX robot that uses aggressive trading methods. According to the developer, Vitali Vasilenka, this is a trend-following system that uses integrated methods for spotting the direction of price momentum. The developer claims that this trading tool provides minimum profit without any loss. It wields control over each trade and ensures the losses are limited.
Vitali Vasilenka is the developer of this FX robot. The developer is from Belarus and has a personal website named EA Quantum Lab. From the MQL5 site information, the developer has one year experience in creating trading tools and has made 22 products and 13 signals. Other offerings of the developer are Bionic V3, Crypto hunter, Flower, and more. To contact the developer, you have a phone number, a Telegram channel link, and the personal website address on the profile page.
There is not much info present concerning the features, working method, and other aspects of the FX robot. The developer cautions users to be frugal with their capital and split it into 10 parts to ensure their funds are safe.
EA Super 8
|Recommended Min. Deposit||$100|
This trading tool is available for $99. Using a demo account is free with this FX Robot. The price will increase to $249 for the last 3 of the first 10 copies and further copies will be sold at $449. We could not find further info concerning the features available with the package. Although the product is affordably priced when compared to the cost of other similar products, the lack of a money-back guarantee makes us suspect this is not a reliable EA.
Other than the mention of the EA using inbuilt settings for spotting the trend direction, we could not find info on the approach used. The developer endorses starting with a minimum investment of $100 after dividing the existing capital into 10 parts.
All returns should be withdrawn daily and the profit added in a separate account until the amount equals the sum of the reserve funds. In the case of a loss, the developer suggests beginning again with a $100 deposit. There is no info related to the timeframe, currency pairs, settings, brokers, etc. The presence of sparse details raises a red flag for this Forex Robot.
A backtesting report is present for this EA. The report was conducted from 2013 to 2021 for the NZDUSD pair on the M1 chart. An image of the test report is shown here.
From the above report, we can see that the test had made a net profit of 97121.75 for an initial deposit of $100. A total of 230658 trades had been completed showing the profitability of 70.45%. The maximum drawdown for the account was 28.90%. The high drawdown indicates a high-risk approach.
A live signal is provided by the developer for this trading tool. Here is a screenshot of the trading result:
From the info present, we can see the account is using the Weltrade broker and the leverage of 1:1000 for the trading. For an initial deposit of $10,000, the profit is $962.86. The account commenced on October 28, 2021, and after 10 trading days, it shows 10% growth.
A maximum drawdown of 21.3% is present for the account and the profitability is 66.1%. Since the sample size is small, the results produced are random and we cannot use them to evaluate the performance. Further, the drawdown is high for such a short period which raises suspicion that this EA uses a risky approach.
We could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The absence of feedback indicates this is not a popular system in the market. A few reviews are present on the MQL5 site but since the site promotes the product, the feedback may be manipulated.