The Dynamic EA robot promises a consistent Return on Investment (ROI) by copying trades into your MT4 account without requiring any manual intervention on your part. According to the vendor, this system has provided more than 200% ROI since September 16th, 2019.
Subscribing to Dynamic EA only costs 15 pounds per calendar month. Unfortunately, no money-back guarantee is provided by the vendor.
Dynamic EA Trading Strategy
You can use Dynamic EA for trading in different currency pairs like EUR/USD, USD/CHF, GBP/USD, EUR/JPY, and NZD/USD. This robot first identifies the market trend and then decides whether to go long or short. As per vendor claims, the testing phase for the robot went on for 12 months before it was released to the public.
While trading, the EA waits for a breakout and trades the continuation. We think the strategy information provided by the vendor is vague and insufficient. We don’t know what indicators the system uses, if any. Some traders are very particular about the technical details related to a trading strategy, and they will no doubt take this as a red flag.
The vendor recommends making a minimum deposit of 1200 pounds for this EA. You are advised to choose 0.01 lots for every 1000 pounds.
Dynamic EA Features
Dynamic EA places trades automatically and operates 24 hours a day, five days a week. It has an in-built money management system that keeps your account balance safe and never lets the EA invest too much for trading purposes. The vendor claims that this system has an efficient risk management system involving stop losses and take profits, and that you don’t need to worry about suffering huge losses.
Dynamic EA has been optimized using default settings, so it is advisable that you do not modify them. After completing the installation, you don’t need to perform any additional customizations for it to work properly.
Overall, the vendor does not provide anything new or unique with this system, and we are not too impressed after looking at all the features it has to offer.
Dynamic EA Backtesting Results
Since we don’t have the backtesting results for Dynamic EA on the official website, we have no idea how the system would perform based on historical data. These test results are important because they are carried out over a long period of time, and this means that the system is faced with different market conditions it has to deal with. Thus, in a way, it reveals the robustness of an automated system.
Without backtesting data, it becomes difficult to accurately assess the robot’s profitability and we hope the vendor decides to include it in the future.
Dynamic EA Live Trading Results
Here we have a live trading account for Dynamic EA that has been active since Aug 25, 2020. To date, a total of 1043 trades have been placed through this account, out of which 645 have been closed in profit. This represents a win rate of 62%.
For this trading account, the vendor has chosen not to reveal certain figures like profit, deposits, withdrawals, balance, equity, etc. The daily and monthly gains for this account are 0.18% and 5.69%, respectively, while the drawdown is 9.28%.
Although the live statistics are verified by a third-party, the fact that some of the key figures are hidden makes us a little wary.
Dynamic EA Reputation
This Forex EA has been developed by a company known as Celestial Trading Tools (CTT) which is based in the UK. CTT has a market experience of more than 5 years and has manufactured another Forex automated system called Sirius EA. However, the vendor has not provided a physical address for the company, and we don’t know anything about the team members.
On the official website, there is a long list of customer testimonials. While they say good things about the robot, we cannot take them seriously, since they are not verified by a third-party website. The vendor could easily have manufactured these reviews, and thus we cannot say that Dynamic EA has a good reputation in the market.
Dynamic EA Review Summary
- Strategy – 3/10
- Functionality & Features – 4/10
- Trading Results – 5/10
- Reliability – 3/10
- Pricing – 4/10
Conclusion
After conducting a detailed assessment of all the different system aspects, we have reached the conclusion that Dynamic EA cannot be trusted. Firstly, the vendor does not explain the trading strategy this robot uses. Secondly, we don’t have any backtesting data for this EA, so we don’t know if it can survive long periods of market drawdown. Hence, you’d be better off purchasing a system that has a solid reputation.
