We’ve prepared a review of an Elite Tactics robot. It’s hosted on the MQL5 forum.
The EA was designed by Radek Reznicek and published on May 24, 2020. The last update rose the robot’s version to 2.6 on December 21, 2020.
Elite Tactics pack costs $99 during a New Year sale. The original price was $245. All rent options were removed as well. We can try the robot for free to check its settings on the MT4 and MT5 terminals.
Elite Tactics Trading Strategy
- Elite Tactics trades EUR/USD on the H1 time frame.
- We can use it on any chart/symbol.
- The robot doesn’t use Grid, Arbitrage, Martingale.
Elite Tactics Features
Let’s talk about what we’ve gathered here for – Elite Tactics’ features:
- The EA is a fully automated trading solution.
- Elite Tactics puts pending orders analyzing the market. After the market reaches proper levels, the trades start.
- The system sets SL levels to keep our account safe and sound.
- The protection system cares about not opening trades during high slippage and high spreads periods.
- The EA was designed for MT4 and MT5 platforms.
- We can set our own risk we want to trade with, so the EA calculates Lot Sizes for every deal for us automatically.
- The EA works well only on an ECN-account with the lowest spread.
- VPS server allows us to increase the execution speed.
- The default settings allow trading EUR/USD on the H1 time frame.
- The EA has to have another magic number for another chart.
- We can trade on low-leverage accounts.
- The developer shared settings for four default currency pairs.
- We can find a list of settings in the presentation.
Elite Tactics Backtesting Results
It’s a EUR/USD backtest on the H1 time frame. It was performed based on the data from over a 16-month period. The modeling quality was 99.90, with variable spreads. An initial deposit was $1000. The total net profit was $3565. The Profit Factor was 6.06. A maximum drawdown was acceptable and amounted to 13.84%. There were 200 trades with 97%-98% of the win-rate closed.
Elite Tactics Live Trading Results
There are screenshots of past performance on IC Markets – MT5.
It’s a demo USD account on IC Markets without a Verified Track Record. The robot traded automatically with 1:500 leverage on the MetaTrader 4 platform. The account was created on June 05, 2020. For one month, the absolute gain was +2.5%. An average monthly profit was the same (+2.50%). The maximum drawdown was 0.69%.
The EA closed 34 deals with 102 pips. An average profit trade was +3.76 pips. An average losing trade was -22.00 pips. The win-rate for Longs’ direction was 100%, for Shorts’ one was 95%. An average trade length was 5 minutes. The Profit Factor was 4.52.
The robot worked with EUR/USD, GBP/USD, and USD/JPY. The most frequently traded and most profitable currency pairs were EUR/USD (12 deals and $27.90) and USD/JPY (15 deals and $29.28).
The EA focused on trading during the European trading session.
Elite Tactics avoided trading on Friday.
The robot works with acceptable risks.
The EA uses hedging to get more profit, opening two-three trades in the market direction.
There are only two-month trading results. The last one was closed with little profits.
Elite Tactics Reputation
The EA has 3.5 from the 5-star rate on the MQL5 community.
There is much negative feedback from unhappy clients. Many of them experienced losses and not proper EA’s performance.
As well, the presentation includes some positive testimonials.
Some commentators have proof of scam-like trading results.
Elite Tactics Review Summary
- Strategy – score (0/10)
- Functionality & Features – score (3/10)
- Trading Results – score (0/10)
- Reliability – score (1/10)
- Pricing – score (6/10)
Conclusion
Elite Tactics is a scam EA with an unrevealed trading strategy. We have only half a year old trading results from the account that was stopped. It means the EA didn’t trade the voting period in the US and won’t trade Brexit. So, we don’t know how the EA works under wild market conditions. It looks like the developer doesn’t hurry to launch an all-new live account or keep trading on the stopped one. If the developer doesn’t trust his EA, why should we do it?
