Wild Side is an expert advisor that works on the Metatrader 4 platform. It is fully automated for trading during the night FX market. As per the developer, this FX EA does not use toxic methods like Grid or the Martingale approaches. It uses TP and SL for every trade order.
You can purchase this FX robot for $219. No money-back-guarantee is present for this EA. A free demo offer is present. We could not find further info on the features available with the price package. However, compared to the prevailing rates of similar EAs in the market the price is not expensive.
Wild Side trading strategy
This expert advisor uses a proprietary algorithm that is based on price action. The developer states that he uses the algorithm along with his indicator. While he claims that the strategy does not involve risky approaches like the Martingale or the Grid methods, he does not elaborate on the approach he uses for this FX robot. He just mentions that a unique algorithm for tracking the trades is present in this EA.
Wild Side features
Some of the features the developer focuses on are:
- Accurate forward and backtests that reveal excellent results
- This EA uses the M5 timeframe
- The software has integrated settings so it is not necessary for further optimization
- USDCAD, EURCAD, EURCHF, EURUSD, USDCHF, EURAUD, AUDUSD, GBPUSD, and CHFJPY are the currency pairs this MT4 tool works on
Recommendations by the developer for this ATS are the use of an ECN or a RAW account that has VPS of low-ping, the leverage starting from 1:50, and a minimum deposit of $50 for trading lots of 0.01 size.
Wild Side backtesting results
A strategy tester report for the EURCHF pair using the M5 timeframe is present for this FX EA. The backtest done from 2003 to 2021 reveals a total net profit of 7609 from an initial deposit of 1000. A maximum drawdown of 4.12% and a profit factor of 3.64 are present for the account. For a total of 2212 trade orders, the profitability was 78.71%. From the backtests, we find that the profits were not as high as claimed by the developer. In fact, the test shows poor performance.
Wild Side live trading results
A live demo account trading result of this FX EA verified by the myfxbook site is shown below.
From the trading stats, it is clear that the system is suffering a loss of 0.02%. The daily and monthly profits values show 0.00% and a drawdown of 0.10% is present for this account. For a deposit of €10,000, the profit factor is 0.86 and profitability is 52% for this account. A total of 21 trades have been executed for this account that started in April 2021. The trading history reveals lot sizes ranging from 0.01 up to 0.03 are used. The low number of trades and losses indicate a poor performance and an ineffective approach. Comparing the results with the backtests we can see the performance is not as high as shown in the backtests.
Wild Side reputation
This FX EA is developed by Marat Baiburin. While his location is indicated as Russia, we could not find any other info on the developer. He published this EA in April 2021 and it is in version 1.81 with the recent update done in August 2021. Other products he has developed include the MT5 version of this EA. For contacting the developer, you can message via the MQL5 site or Skype. The lack of info on the developer and the absence of adequate support methods raises a red flag.
We found 28 user reviews for this EA on the MQL5 site. Here are a few of the feedback from customers.
From the above feedback, we can find that the performance is not good and the EA does not trade frequently. The reviews confirm our suspicion about the poor performance and ineffective approach this EA uses.
Wild Side review summary
Overall Score: 4.4/10
- Strategy – 4/10
- Functionality & Features – 5/10
- Trading Results – 4/10
- Reliability – 4/10
- Pricing – 5/10
Wild Side is an EA that claims to use safe and profitable trading approaches. Our analysis of the trading approach, backtesting report, and verified trading results reveals that the performance is poor. The loss in the demo account exposes the risky approach that this FX robot uses. Our doubts are confirmed by the negative user reviews. Further, the developer does not provide adequate support options making it difficult for users to resolve their issues and queries. With poor performance, ineffective approach, and inadequate support, this is not a trustworthy EA. We do not recommend this FX EA.
