FXSecret Immortal trading robot is developed by a private community of traders who claims to have the best-automated systems in the financial markets. The EA is available for an asking price of $549. We will analyze the algorithm and check out its profitability through live records and the information available on the website.
FXSecret Immortal trading strategy
The expert advisor trades based on three strategies that the developers fail to disclose. There is a stop loss attached to each trade, and the lot size is calculated accordingly. Through the live records on Myfxbook, we can observe the implementation of grid and martingale strategies. This adds extreme risk to the account, which is apparent from a drawdown value of 65.84%.
FXSecret Immortal features
The robot has the following features:
- It uses a fixed stop loss and calculates the lot size for each trade.
- There are three strategies in the working.
- The robot is available for both MT5 and MT4 terminals.
- Lifetime support is present with the purchase.
- Traders can change the attached account as they wish.
Price
The software comes with a one-time payment of $549, and there is no money-back guarantee. The developer provides only a single license for any account.
FXSecret Immortal backtesting results
Backtesting results are not available for the system, which leads us to a question about its profitability. Without any historical testing, we can not predict the outcome of the EA when we put it on a live account. Most probably, the expert advisor would have failed when the developer tried to backtest it.
FXSecret Immortal live trading results
Verified trading records on Myfxbook show performance from May 17, 2013, till the current date. The system made a total growth of 11389.61%, with a drawdown of 65.84%. The stated drawdown is way higher than the monthly output of 4.73, giving us a poor risk-reward ratio of 10:1.
The winning rate stood at 56%, with a profit factor of 1.15. The best trade was $11908.37, while the worst was -$8000.20 in a total of 2990 trades. The developer made $1863.80 in deposits and $0 in withdrawals.
As there are no backtesting records, we cannot contrast the historical output with the live, giving us a bigger idea. The robot’s performance lags for several years and is subjected to several fluctuations, which is quite poor.
FXSecret Immortal reputation
On the Forex Peace Army website one trader says that he has tested many systems from the company. He does not recommend any of them.
Is FXSecret Immortal a good EA to invest in?
FXSecret Immortal is not a good trading robot as it has a high drawdown. The robot can lag in performance for an extensive duration and stress the account balance extensively, which adds to the risk. For many traders, it can be hard to maintain their psychology through such a system. It is advised not to invest in any robot that can cause a margin call on any account.
FXSecret Immortal review summary
- Strategy – 3/10
- Functionality & features – 4/10
- Trading results – 4/10
- Reliability – 5/10
- Pricing – 3/10
FXSecret Immortal is not a good system to invest in as it implements a grid and martingale combo. The robot can cause a high drawdown while providing little monthly gains. The asking price of the EA is also high, which many traders can consider as an unhealthy investment. The risky game plans require traders to put a good amount of cash in their accounts. Constant monitoring may be necessary in this case which can stress many.
