100% Monthly EA is a Forex robot that promises a monthly return of 100% for both novice and experienced traders. It is based on high-quality backtesting data and according to the vendor it uses a unique strategy that lets you multiply your profits.
For purchasing this EA, you have three options. You can get the trading signals for $35/month and place the trades manually, or rent it at $79/month. If you wish to purchase the full software, you need to pay a one-time fee of $1399. While the price is quite high compared to the market average, the vendor promises a refund if the robot fails to generate profits.
100% Monthly EA Trading Strategy
After ordering your copy of the EA, you need to download the software and complete the installation process. Next, you need to attach the EA to your MT4 account to cash out your Forex money. It is a 100% automated system that uses technical analysis to generate trading signals having precise entry and exit points.
The vendor recommends using a minimum deposit of $500 and leverage of 500:1 while trading with this robot. You are provided with a single license and for every new account, you need to request an additional license. Although it is recommended that you use brokers located outside the US, the vendor will send you a special settings file that you can use, in case you are based in the US.
The vendor has not provided us with any details about the trading strategy used by this Forex EA. Seasoned Forex traders know how important strategy insight is and they always look for some technical data that helps them gauge the profit-making capability of the system. Thus, the lack of information about the trading strategy may be taken as a red flag by many.
100% Monthly EA Features
This is a robot capable of generating unlimited profit with only a single setup. You don’t need to have any special trading knowledge in order to work with this robot. It trades in major and stable crosses and follows a multi-pattern trading approach.
It trades in all trading sessions, staying active 24/7. We’d like to add that 100% Monthly EA has automated trade and risk management features that allow it to keep the losses to a bare minimum. It is compatible with both MT4 and MT5 trading platforms.
100% Monthly EA Backtesting Results
This backtest was carried out from 2nd January 2020 to 16th April 2021. An initial deposit of $1000 was made, using which a profit of $63,354,544.34 was generated during this time period. The daily and monthly profits were 2.38% and 102.53% respectively, while the drawdown was 19.97%. During this 1 year, the robot managed to generate a time-weighted return of 6.34M%.
A total of 11619 trades were placed during this test, out of which 7275 were won by the robot. This represents a high win rate of 63%. The average win and loss were 4.14 pips/$11097.79 and -1.26 pips/-$4001.35 respectively. The EA had a high profit factor of 4.64 for this backtest. Overall, the backtesting data looks quite profitable.
100% Monthly EA Live Trading Results
This is a live trading account for 100% Monthly EA that has a short trading history of 41 days. In this short time, it has managed to generate a profit of $5577.69. It has a high win rate of 76.8%, but we cannot take this too seriously since the trading history is so short. The daily, weekly, and monthly returns for this account are 4.32%, 23.56%, and 143.14%, respectively.
We can see from the trading overview that this account has suffered a total loss of $5614.50. A total of 470 trades have been placed through this account, out of which 360 have been closed in profit. It has a decent profit factor of 1.99.
100% Monthly EA Reputation
There is little or no information about the parent company on the official website. We don’t know if there are other EAs manufactured by this vendor.
There are a couple of reviews on this Forex robot on the Forex Peace Army website. One user complains about the system having a big downturn. They claim to have experienced a noticeable decline during trading.
100% Monthly EA Review Summary
- Strategy – 2/10
- Functionality & Features – 4/10
- Trading Results – 4/10
- Reliability – 3/10
- Pricing – 2/10
Conclusion
After analyzing all the different aspects of the Forex EA, we have reached the verdict that 100% Monthly EA is not worth purchasing. It uses an unknown trading strategy and has very short trading history, so there is no guarantee of it performing well in the live market.
