XFXea is a Forex robot programmed to conduct trades automatically. The developer asserts that the robot makes trades regularly and its goal is to make profits frequently despite the market conditions. The cost of the EA is $260. The purchase also comes with a one lifetime license, a user manual, 2 supported currency pairs, and versions for MT4 and MT5.
XFXea Trading Strategy
The robot uses a strategy that the developer cleverly calls “special calculations and transactions algorithms.” The strategy ensures that loss periods in the system are reduced to zero. In case losses are made during trades, the system covers the losses immediately using a special algorithm. The developer notes that the robot does not apply Martingale as a trading strategy. In order to ascertain how and when a user can begin trading, XFXea computes a point of entry. This calculation is achieved by conducting a special evaluation on a particular number of bars and then creating an important range.
XFXea Features
- Uses just two currency pairs in conducting trades: AUDUSD and EURUSD
- Trades on both the MT4 and MT5 platforms
- 30-days money back guarantee
- Free updates
- User manual
- 24/7 friendly support
XFXea Backtesting Results
Below is a screenshot of the robot’s backtesting results:
From the screenshot above, it is evident that the robot has been tested on the AUDUSD currency pair on the H1 timeframe. The account was operated between January 2014 and November 2019, and during that period it managed to conduct a total of 974 trades. This gives us a reason to conclude that on average, the robot completes trade in 2 days. The developer’s claim that the EA trades on a regular basis without long “silent” periods is hence true. The EA was able to increase the account balance from $5,000 to $86,748,970.04 within 5 years of trading. The short position win rate was 62.89% and for longs it was 74.65%. The profit factor was 2.06, an indication that a user stands a chance of getting back twice the amount of money they use to invest in the account.
XFXea Live Trading Results
Below are screenshots of the system’s live trading results:
The XFXea Forex robot has been able to generate 2,243.48% in gains. The EA managed to grow the account from $500.79 to $11,940.12. This demonstrates the system’s ability to make profits. The profit factor is 1.65. This means that a user has the chance of getting nearly twice as much for every dollar invested. The monthly profit gain was 9.88%. However, the drawdown, which is 53.37%, is very high. This is dangerous since the trader is at a greater risk of making losses.
The account has carried out 495 trades since September 2018 up till June 2021, and the win rates for long and short trades stand at 65% and 66% respectively. This is not good.
The results from the trading further substantiates the fact that the EA is capable of selecting a suitable entry point as it is evident that the robot’s winning orders for both AUDUSD and EURUSD are 66% whereas there is only a 34% chance of losing trades on the account for both currency pairs. The long trades on EURUSD currency pair and the short trades in AUDUSD have brought in the most profits, i.e., $5,387.82 and $4,600.93 respectively.
The trading history reveals that the system made a series of negative pips and negative profits especially between June 9, 2021 and June 18, 2021. This means that the trader made losses during this time period. In fact, the number of positive pips and profits made were few. For instance, the account managed to make only 4 positive profits out of 13 trade deals made. This trend is not promising since the risk of making losses is high.
XFXea Reputation
We were unable to find any information about the developers of the Forex robot. Therefore, we could not determine the developers’ reputation. We also discovered that there are no customer reviews for this system on Forex Peace Army site as evidenced below:
XFXea Review Summary
- Strategy-4/10
- Functionality and features-7/10
- Trading Results-4/10
- Reliability-6/10
- Pricing-6/10
Conclusion
Even though the system shows regular trading and the ability to make profits for the trader, it has a high drawdown that increases the user’s risk of making losses. The system also has poor win rate results. The trading strategy is not clear. The developers only say the robot uses “special calculations” and “transaction algorithms” and do not specify or explain what these are. Therefore, we advise traders not to use this robot.
