Welcome back! We’ve prepared a review of Trader’s Moon that’s designed by a known company FX TRader KIt.
The box tells us that it’s updated in the 2019 version of the product that allows us to trade eight symbols: AUD/CAD, GBP/AUD, AUD/NZD, NZD/CAD, EUR/CHF, EUR/GBP, EUR/SCD, and GBP/CAD.
The company has a profile on Forex Store, where it sells Trader’s Moon and Sun robot.s Moon has a lower rate (8.5/10) comparing to the Sun.
The robot is introduced in a single package that costs $269. We’ll receive one real-account license, unlimited demo ones (probably), both versions for MT4 and MT5, a user guide. The robot will get free updates when they are released. The developers provide 24/7 welcome and knowledgeable support. The package includes a 30-day money-back guarantee. From Forex Store, we know that we have to trade 30-day or the robot has to show over 30% drawdowns.
There’s a sale that unites two robots in one package. It costs $405, including $133 OFF.
As soon as we pay, we can download a robot and start trading immediately.
The robot has the next requirements/features:
- The robot uses Martingale in its performance.
- It uses the Bollinger Band, Commodity Channel Index, and other indicators to find a trade opportunity.
- It uses candlestick patterns to open counter-trend trades.
- There are filters of maximum drawdowns, high-impact news. It allows improving trading experience and profitability, as well as decreasing drawdowns.
- The EA trades all day.
- The most important trades are opened during an Asian trading session.
- The robot works with the next symbols AUD/CAD, GBP/AUD, AUD/NZD, NZD/CAD, EUR/CHF, EUR/GBP, EUR/SGD, GBP/CAD.
The trading strategy was backtested on every symbol. It was an AUD/CAD backtest on the M15 time frame. The modeling quality was 99.90. An initial deposit of $500 became $2932 of the total net profit from 2012 to 2018. The Profit Factor was 2.08. The robot performed 1768 trades with 70%-74% win-rates. An average of consecutive wins is six deals.
The robot has a real USD account on ICMarkets. It works on MT4 without leverage. Track Record is Not Verified. The account was created on December 20, 2018, and funded on $1539. It was withdrawn several times at $1272 totally. The absolute gain was +193.88%. An average monthly gain was +4.82%. The maximum drawdown was half a year ago and amounted to 41.35%.
Now, the robot works with little drawdowns.
It opens trades with a low frequency.
The EA performed 1425 deals with a good number of pips (8000.6). An average win (24.08 pips) is more than twice than an average loss (-52.19 pips). An average win-rate for Longs and Shorts is the same – 75%. The average trade length is bigger than for a Sun robot (2 days). The Profit Factor is 1.73.
As we can see from the sheet, the robot works with various symbols differently. The most profitable was the AUD/CAD ($501.33). The less profitable (from profitable ones) was EUR/GBP ($175.58).
The robot trades mostly during the evening and night, catching the end of American and the midday of Asian sessions. It opens much fewer trades during a European trading session.
The pick of the trade activities occurs on Wednesday (333 closed deals).
The robot performs with little risks and the lowest Lot Size.
It’s truly hard to understand what Stop Losses the EA works with. The robot also uses Hedging to open several trades in the same direction before the first one is closed.
During several months, there were big losses, like in February 2020. The rest ones show that the EA can provide 2%-5% of the monthly gain.
As we can see, the less traded symbols were NZD/CAD and GBP/AUD.
Forex Peace Army doesn’t have feedback about Trader’s Moon, but we know that once the Martingale strategy has zeroed the account. It was on March 5, 2020, after 141 weeks of testing.