Elemental EA is a trading advisor that works on a real account. Now, the logo is customized with information about the sale. In comparison with the other systems offeren on MQL5, the price of this one is average.
Elemental EA trading strategy
- The advisor works with a trend strategy that focuses on spotting trend moves.
- We can work with EURUSD, USDCHF, USDJPY, USDCAD, AUDUSD, EURJPY, EURCAD, and CHFJPY.
- The system works on M5.
Elemental EA features
The presentation includes enough information about features, settings, and details.
- The system can work automatically with various trading pairs on the terminal.
- Trading is allowed on various cross pairs.
- The main strategy is based on seeking trends. “The main idea is that any trend has its current boundaries, after which the price comes to an equilibrium state.”
- It works around support and resistance levels before making a decision about opening a trade.
- It trades during the night session mostly.
- It places many limit orders to catch the market move.
- The slippages should be low.
- We may work with trading experience.
- We can work on MT5 or buy an MT4 version.
- Trading is allowed from a single chart.
- It doesn’t use Martingale, Grid, and Arbitrage in trading.
- The robot works with placing SL levels.
- Trading is possible on any broker house that we want.
- The low spreads are a must.
- An ECN account is good advice either.
- The account has to have $100.
- Trading is possible on EURUSD, USDCHF, USDJPY, USDCAD, AUDUSD, EURJPY, EURCAD, and CHFJPY.
- The core time frame is M5.
- MT5 is a terminal to trade.
The Christmas sale keeps going. The price is $199 instead of the main one of $398. We don’t have rental options to work with.
Elemental EA backtesting results
We have a single test for five currency pairs at once. It’s okay. The modeling quality was 100.00%. An initial deposit was $100. It has turned into $1,523,230 of the total net profit. The profit factor was 2.60. The recovery factor was 14.87. The maximum drawdown was 16.54%. The system has traded 3997 deals with 77% of the win rate for short and 88% for long trading positions.
Elemental EA trading results
We have a robot working on a low deposited account on IC Markets. The leverage is 1:500. The maximum drawdown is 13.3% when the maximum deposit load is 11.8%. It’s still acceptable. The win rate is 84.9%.
An average trade frequency is 8 deals a week when an average trade length is an hour.
The line of the growth looks predictable.
The advisor uses conservative Martingale on various pairs.
It has traded 106 deals. The best trade is $1.39 when the worst trade is -$3.38. The recovery factor is 4.88 when a profit factor is 3.36. A predicted monthly growth is 5.64%.
EURUSD is still ahead in trading activities with 28 orders executed.
We have various warnings from the system.
Elemental EA reputation
Evgeniy Machok is a developer from Russia with a 598,878 rate. He has 8+ years of MQL5 experience. There are 15 products with 8 signals in the portfolio. They have a 5 rate based on 150 reviews.
The advisor has some testimonials written about its performance. We can’t be sure that they are relevant
Elemental EA review summary
- Strategy – score (7/10)
- Functionality & Features – score (5/10)
- Trading Results – score (5/10)
- Reliability – score (6/10)
- Pricing – score (6/10)
Elemental EA is a pretty young trading solution that has only 11 weeks of being live on the real market. It trades with an average frequency. We are not sure that the robot is a good advisor for working in 2022 because of low profitability.
