EA Super 8 is an FX robot created for aggressive trading. This fully automated system has integrated techniques that help in identifying the trend direction. It generates minimum profits but without any loss by controlling all its trades. To purchase this FX EA, you need to pay $249. No rental options are present but a free demo account is offered for this ATS published on the MQL5 site in August 2021.
EA Super 8 trading strategy
As per the developer, Vitali Vasilenka, the money management approach used here is a trend-following approach. The developer claims that it helps in ensuring maximum security and profitability in the long term. For capital of $1000, the developer recommends dividing the capital into 10 parts first.
The next step is to open a new account using a minimum deposit of $100. All reserve funds should be saved in your account. Save the profit from your trades in a separate account. In the event of loss of the deposit, you should start over with $100 which the developer claims will give you profits in the long term.
EA Super 8 features
Some of the significant features the developer focuses on include aggressive style of trade settings that are applied on one pair at a time. A minimum deposit of $100 is required for the account with a timeframe of M1. The main currency pairs this MT4 tool works on are EURUSD, NZDUSD, and AUDUSD. But the developer warns against using all three pairs on a single account, which can cause a big drop.
EA Super 8 backtesting results
A backtesting result is present on the MQL5 site. Here is a screenshot of the strategy tester report done with a fixed lot size of 0.01.
From the above report, we can see the modeling quality of 99.9% was used for the test done on the NZDUSD pair. The test done from 2013 up to 2021 used a timeframe of M1. For an initial deposit of $100, the account generated a total net profit of 97121.75. Profitability for the account was 70.45% and the profit factor value was 1.80. A maximum drawdown of 28.90% was present for the account which we find is a high value indicating an ineffective and risky approach.
EA Super 8 live trading results
A real trading account result for the FX EA is present on the MQL5 site. A screenshot of the trading stats is shown below.
From the above trading details, we can see the account shows a growth of 25.44% for an initial deposit of $1009.13. A maximum drawdown of 6.8% is present for the account and the profitability is 73.8%. While the growth looks decent for the number of trading days, we find the sample is too small to assess the real performance. Comparing the backtesting report with the real trading, we find the drawdown is low in the real trading while the profitability is similar. The small sample size may be the reason for the low drawdown.
EA Super 8 reputation
Vitali Vasilenka is the developer of this expert advisor. As per the profile page info, the developer is from Belarus and has created 16 products, 40 signals, and 1160 demo versions. A phone number and link to the Telegram channel and the personal website of the author are present. Other products of the developer include EA Smoke, EA Golden Elephant, and more.
We found 12 reviews on the MQL5 site for this FX EA. Here is a user review for this MT4 tool.
As per the feedback shown above, the profits made by the EA are small while the losses are big and further the user mentions that the quality is worsening with time. The testimonial corroborates our assessment that the profits are not high while the approach is a risky one with the potential of big losses.
EA Super 8 review summary
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 3/10
- Pricing – 5/10
EA Super 8 claims to use a secure strategy that results in long-term profits. Our evaluation of the functionality, approach, trading results and other aspects reveals that this is not a reliable ATS. We could not find an explanation of the trend-following approach the developer uses for this FX EA. The high drawdown in the backtesting report and small sample size of real trading results indicate the approach is not an effective one. Further, while the price is not expensive, the product does not come with a money-back assurance that makes us suspect the reliability of the system. In short, we do not recommend this EA.
