Forex Robots

Champion EA Review: The Robot Makes Some Profits With Martingale Approach

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Champion EA

Champion EA is a robot that can help us with making profits on the Forex market. The robot belongs to a well-known developer. So, we decided to check the robot’s performance and the developer’s profile.

The dev’s profile on MQL5

The dev’s profile on MQL5

Evgenii Alseniv is a developer from Russia with a 170,273 personal rate. His 44 products have a 4.7 rate based on 291 reviews.

Champion EA strategies and tests

The presentation includes a good package of explanations about how the system works and what we have to expect from it.

  • The advisor can provide us with automatic orders execution on our terminal without any effort.
  • We can work on the five cross pairs at once.
  • We have a drawdown reduction. There are no details about this feature.
  • We can choose what we’d like to trade.
  • The dev decreased price from $1250, $799, to $499 then increased to $799 again.
  • It works under NFA and FIFO rules.
  • We can expect less than 10% drawdowns.
  • We may work without trading experience at all.
  • There’s a VIP channel for users.
  • An infinity dashboard panel informs us about all the necessary information about the account, the ratio of profit or loss, the amount of free margin, and so on.
  • We can open orders on:AUDCAD, NZDCAD, EURCAD, GBPCAD, and AUDNZD.
  • Trading is possible for a single chart.
  • The system is already fully customized.
  • The system should be attached to AUDCAD on the H1 time frame.
  • The account type should be Hedge.
  • It isn’t sensitive to spreads.
  • We have to use it on ECN and VPS services.
  • The advisor trades pretty frequently.
  • The minimum balance should be over $100.

The developer didn’t provide us with a backtest report that would be proof that the advisor got proper testing. So, this can be treated as a con.

Champion EA trading account review

Champion trading results on MQL5

Champion trading results on MQL5

It works on a real account on RoboForex with 1:500 of the leverage. The maximum drawdown is 40.7% when the maximum deposit load is high too, 14.9%. The win rate is 78.7%. The account was deposited at $10,000 – it’s a huge one. The absolute growth is 78.04%. The system works with risky settings because of high drawdowns.

Champion statistics

Champion statistics

An average trade frequency is 28 deals a week. An average trade length is 5 days. The account was deployed to trade on September 22, 2021.

Champion growth chart

Champion growth chart

The advisor closed December with lossed but January in a profit. So, we should have more upcoming data to check.

Champion closed orders

Champion closed orders

The advisor uses x8 Martingale to recover.

Champion details

Champion details

The system has executed 616 deals. The best trade is $1624.47 when the worst trade is -$770.84. A recovery factor is 6.64 when a profit factor is 1.88. They are acceptable numbers. We can expect to receive 4.75% monthly and 57.67% annually.

Champion distribution

Champion distribution

EURAUD is the less traded pair with 8 closed orders.

Pricing

Champion pricing on MQL5

Champion pricing on MQL5

The current price for a real account copy of the system is $799. We can subscribe for it for $299 quarterly. Also, we can download a demo copy of the robot for checking the system on the terminal.

Is Champion EA a good advisor?

We don’t know for sure after December 2021 was lost. We need more upcoming trading results.

People feedback

People testimonials on MQL5

People testimonials on MQL5

We have some positive testimonials about the system written.

Champion EA

7

Champion EA is a robot that works on the real market with aggressive Martingale. The presentation lacks details about the strategy and some backtet reports for each cross pair. The system has lost December 2021. So, we’d like to wait for several upcoming months to check trading activities.

  • Trading results provided
  • A subscription option available
  • No risk advice given
  • No backtest reports provided
  • Aggressive Martingale on the board
  • The pricing changes quite often
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