Tiburon EA is a robot that could be found on MQL5. The advisor has below average success among traders. So, we have decided to take a look at it.
The price was decreased from $400 to $299 for a copy. The one-month rent costs $199 less – $100.
Tiburon EA trading strategy
- The system executes orders based on a trend strategy.
- We should work with EURUSD.
- The core time frame is H1.
- It works with dynamic TP levels.
- It manages to analyze “overbought and oversold areas, while Stochastic and the indicator identify the possibility of price change at definite levels.”
Tiburon EA features
The advisor has a short presentation with some details about strategy and requirements explained.
- The system can provide us with automatic executing orders on our terminal.
- It was tested on the 11 years of tick data.
- The system works with “following indicators: RSI (Relative Strength Indicator), Stochastic Oscillator and his own customized indicator which makes the EA even more efficient.”
- The win rate has to be high.
- The price will be increased up to $500.
- The balance requirements are $3000 or more.
- The broker has to be a low-spread one.
- It doesn’t require us to have proper trading experience.
- The system isn’t sewed to any broker.
- We can customize various parameters.
- Trading hours can be customized.
Tiburon EA backtesting results
The advisor was tested on a EURUSD pair on H1 on 20 months of tick data. The modeling quality was 99.90% with 1-pip spreads. An initial deposit was $3000. It has become $38,605 of the total net profit. The profit factor was 3.67. Tiburon EA traded 1076 orders with an average accuracy of approximately 72%.
Tiburon EA live trading results
Tiburon EA has been working on a just-created, real account on RoboForex. The maximum drawdown is 8.9%. The win rate is 69.6%. The maximum deposit load is 6%. The absolute gain has become 20.34%.
The advisor traded 36 deals weekly. An average holding time is 13 hours.
We can note that December 2021 was profitable.
It uses a combo of a Grid with Martingale. It’s so risky and can blow the account easily.
It has traded 79 deals. The best trade was $25.80 when the worst trade was -$5.12. The recovery factor is 37.48 when the profit factor was 6.19.
It works with only EURUSD trading both directions almost equally.
We may note how many warnings the system received from MQL5 bots.
Tiburon EA reputation
We have a single positive testimonial that is clearly not enough to be convinced that the system is good to go.
Elizaveta Erokhina from Russia has a low rate of 870. There are 4 products and 11 signals in the portfolio. The portfolio’s rate is 5 stars based on 4 reviews.
Tiburon EA review summary
- Strategy – score (7/10)
- Functionality & Features – score (5/10)
- Trading Results – score (5/10)
- Reliability – score (6/10)
- Pricing – score (8/10)
Tiburon EA after blowing a real account was set on the new one. So, it looks like the system got proper updates and customizations. We don’t know how good the robot works before we see trading results for half a year or so.
