XFXea is a brand-new automated forex expert advisor that is designed to trade and make profits on MetaTrader 4 platform. The robot was launched in 2019 and yet haven’t got a lot of feedback. The developers claim that XFXea can show incredible profitability on a regular basis regardless of the market conditions. Let’s find out whether XFXea can be one of the best forex robots, or it’s just another mid-range EA that is not worth trying.

Product Offering

TYPEForex Robot
COMPATIBLE TRADING PLATFORMSMetaTrader 4
CURRENCY PAIRS AVAILABLEAUDUSD / EURUSD
TIMEFRAMEN/A
PRICE$260
MONEY BACK GUARANTEEYes (30 days, full refund)

What will you get for this price:

  • A lifetime license to use XFXea software on one live trading account;
  • Free updates;
  • Installation and settings instructions manual;
  • 24/7 customer support.

The presentation has a decent design focusing on the most crucial aspects of the modern forex robot, such as features, backtests, and 3rd party verified trading results. But still, we cannot praise this minimalist approach, because a lot of important information is missing.

Trading Strategy

The vendor doesn’t try to provide us with any insights about the XFXea trading strategy. According to the official website, the algorithm calculates entry and exit points in some special way. Also, the system doesn’t use Martingale method. The backtest of this strategy on AUDUSD pair with 100% risk you can see on the screenshot below. The profit factor was 2.06. The win rate was about 62% for shorts and 72% for longs. The maximal DD was about 60%, so without proper money management, the system can put your capital at risk. Also, it’s worth mentioning that all the backtests was conducted with 90% modeling quality not using real tick data.

XFXea AUDUSD strategy tester report

Trading Results

Let’s take a look at the real data. The robot has been applied to the real USD account with the $900 deposit, FXOpen as a brokerage company trading on the MetaTrader 4 platform. The account was deployed in September 2018. As of April 2020, XFXea could manage to grow the balance up to $2465.

XFXea trading results myfxbook chart

The robot has made 215 trades with 851 pips. The average win-rate across the trades is 62%. The average trade length is 4 days. The profit factor equals 1.31, which is a low-mid number compared to other automated forex trading systems.

xfxea trading results statistics myfxbook

Monthly gains were impressive at first, however, we can see a declining performance at the end of 2019.

xfx ea monthly gains analytics 2019

After that, XFXea has drained the account by 34% in April 2020, and only time can show if the robot would manage to recover from such a huge loss.

xfx ea monthly gains analytics 2020

Customer Reviews

After in-depth research, we couldn’t find any reviews from real customers who can share their experience of using this forex robot.

xfxea
Pros
Verified live trading results
Free updates
Cons
Declining performance
Huge drawdowns
Lack of customer feedback
Lack of strategy explanations
4.5
Verdict
Even though the system shows regular trading and possibly can grow a trader's account, we can't recommend XFXea to our readers. The software fails to perform in an unstable market situation and has a poorly designed risk management system. Thus, it's not suitable for an average trader. If you don't prefer a risky trading style, we advise you to look for another robot.

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