Unbeatable EA is one of the many Forex robots out there that promise to profit the trader. The developers believe that with Unbeatable EA, users can taste the power of trading. They hence invite traders to enjoy the benefits it provides including emotionless trading, flexibility, work-life balance, ease of use, reduced stress levels, time and money freedom, and machine learning. Is it true? Let’s find out in our unbiased Unbeatable EA review.
The vendor offers the EA in 2 different packages. Traders can get the Unbeatable EA + robot combo at $110 monthly which features 1 demo account, 1 real account and a 7-day trial. The second package (CopyFX Unbeatable EA) for investors is sold at 30% of profit. No advance and monthly payments are expected with this plan. Weekly and monthly withdrawals are allowed. A 30-day money back guarantee is available for the 2 packages.
Unbeatable EA Trading Strategy
Unbeatable EA auto trades for the user. Therefore, when you place an order, the vendor will supply you with a full working version of the software. With a deposit of as little as $100, the account can begin trading.
According to the vendor, the robot applies a simple formula to determine the amount of money a trader wants to make on a monthly basis and then invest for them. The formula used is:
Recommended balance= (profit to be made in a month)/0.5
This trading strategy explanation is beyond disappointing. The developers do not clarify how they came up with this formula or the data it relies on. Furthermore, they do not highlight or explain the basic or technical indicators it counts on to invest for traders.
Unbeatable EA Features
The EA’s features are listed below:
- Is flexible to the market
- Does not engage in long trades as it ensures it closes them within 24 hours
- Applies position sizing
- Uses SLs and TPs
- Executes orders quickly
- Does not apply hedging and martingale strategies
- Does not leave a trade without an exit plan
- Offers quick customer support
- Runs on the MT4 trading platform
- The minimum required balance is $100
- FBS or HotForex are the recommended brokers
- Can work on different account types including zero spread, ECN and standard accounts
Unbeatable EA Backtesting Results
The backtest above shows that the EA traded with the CADJPY currency pair on the 15- minute timeframe. A deposit of $100 was put into the account and it managed to generate a total net profit of $265.72. The drawdown was 8.57%. However, important info such as the profit factor, win rates, years of operation, number of trades, and average profit and loss trades are not provided. This makes it hard for us to gauge the overall performance of the EA.
Unbeatable EA Live Trading Results
As we can see above, the EA operated a real USD account with the FBS broker. It began its operations on June 25, 2021, and was last updated on July 9, 2021. During this period, the robot has made a profit of $56.50 hence increasing the account balance from $99 to $155.50. The gain is 57.07%. The daily and monthly profits are 1.41% and 57.07% respectively. The drawdown which is 12.71% is relatively small.
It should be noted that the account was only active for less than 2 weeks, and has been dormant ever since. So, it has stopped making profits for the user. The account may still be attracting fees such as trading commissions, maintenance fees, spreads etc. Therefore, we are concerned that if this trend continues, the account will end up with zero or even a negative balance.
The system has made 77 trades with 0.77 lots. The win-rates for long and short trading positions currently stand at 73% and 80% respectively. However, these results are unimpressive. The account has 607.1 pips. The average win in pips (-31.31 pips) is x2,5 times higher than the average win (13.89 pips). This should be a cause for concern because the account’s losses can easily surpass the profits and hence erase the gains made. The profit factor is 3.63.
The likelihood of losing the account is high.
The system operated for less than a week in the month of June and made a profit of 42.37%. It operated for 7 days in July and made a profit of 10.32%. Clearly, this trend is inconsistent and hence unpredictable.
The trading history indicates that the EA trades with fixed lot sizes of 0.01. It uses different SL and TP levels.
Unbeatable EA Reputation
We do not have much to say about the vendor’s reputation. This is because they have chosen to operate in secrecy. We have no idea who the developers or the company behind this EA are. Such information is missing on the EA’s official website.
The vendor has set aside a section for testimonials on the home page. However, user reviews are conspicuously absent. Therefore, we visited the Forex Peace Army website to search for customers’ feedback. We discovered that FPA has created a page for the EA, but there are no customer reviews yet.
Unbeatable EA Review Summary
- Strategy – 3/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 3/10
- Pricing – 3/10
Investing in this EA would be risky. Since the trading strategy is unclear, it is not possible to gauge if it is effective or not. We also cannot ignore the robot’s short period of operation in the live market and its consequent inactivity. This makes us lose trust in its ability to generate profitable returns for the user. Therefore, we would not be in our right minds if we recommended such a system.
