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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
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
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
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
The advisor closed December with lossed but January in a profit. So, we should have more upcoming data to check.
Champion closed orders
The advisor uses x8 Martingale to recover.
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
EURAUD is the less traded pair with 8 closed orders.
Pricing
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
We have some positive testimonials about the system written.
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