Forex Robots

Elite Tactics Review: An Expensive But Customizable EA

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Elite Tactics

Elite Tactics claims to be a safe and completely automated system that uses the significant price movements in the market for identifying profitable trades. It trades pending orders to ensure the quickest execution. Radek Reznicek is the developer of this FX robot. He is based in the Czech Republic and has three years of experience in developing FX trading tools. For support, the vendor provides links to his website, Telegram channel, Facebook, and YouTube channel. Other products of the developer include R747 Breakout, TrendMagix Pro, Infinite Storm, Elite SR, and more.

Elite Tactics strategies and tests

AS per the developer, this FX EA does not use dangerous methods like Arbitrage, Martingale, or Grid. It uses SL for each order and has advanced filters, spread protection, and slippage protection to ensure minimal losses. Some of the important features of this expert advisor that the vendor focuses on are:

  • The ATS can work on any currency pair and timeframe.
  • The EURUSD pair and the H1 time frame are recommended by the author.
  • It can work on the MT4 and MT5 platforms.
  • It is a completely automated expert advisor.
  • The ATS has passed high-quality strategy tests using the variable spread and simulated delays.
  • The FX robot does not use dangerous approaches.
  • It uses a low-risk strategy that is protected by SL.
  • Users can adjust the settings as per your requirements.

Recommendations for the system include a minimum deposit of $100 and the use of an ECN broker with a low spread. A VPS server with small delays is recommended. The author recommends adjusting the risk settings based on the account equity and verifying it with backtesting.

The author provides a backtesting report on the MQL5 site. Here is a screenshot of the results:

Backtesting result for Elite Tactics

Backtesting result for Elite Tactics

From the above backtesting report, we can see the test was started in January 2019 and ended in May 2020, and used the H1 timeframe. A total profit of 1734.36% was present. The daily and monthly profits were 0.59% and 19.2% respectively. For an initial deposit of $1000, the account had generated a profit of $17343. A total of 186 trades were executed with a profit factor of 5.75. The drawdown was 24.19%.

Elite Tactics live trading account review

No real live trading results are present. The developer provides a trading result on the MQL5 site. Here is a screenshot of the result:

Trading results for Elite Tactics on the MQL5 site

Trading results for Elite Tactics on the MQL5 site

From the above stats, we can see the USD account has used the leverage of 1:500. For an initial deposit of $200, the profit generated is $44.33. A drawdown of 4.5% is present and profitability is 100%. While the results look good, we can see the trading duration is just 3 weeks. The small sample size makes the results random so we cannot consider them. We prefer real live trading results verified by sites like Myfxbook, FXBlue, etc. as they provide a better insight into the performance.

Pricing

To buy this FX robot, you need to pay $245. A couple of rental packages are available for the ATS that include a one-month rental costing $99 and a 3-month rental costing $145.  A free demo account is also present. There are no other details provided on the features you get with the package. We could not find a refund offer for the package which raises doubts about the reliability of the product. When compared to the market average, we find the price is a bit expensive.

Is Elite Tactics a good system to rely on?

Our evaluation of this trading tool reveals benefits like the absence of dangerous strategies, the use of SL for every order, and protection from slippage and spread. Although the developer claims a verified real account, we could not find real-time trading results verified by sites like myfxbook, FXBlue, etc. Furthermore, the product is a bit expensive and does not have a refund policy.

We found user reviews for this FX EA on the MQL5 site with a rating of 3.33/5 for 13 reviews. Here are a few of the reviews:

User review for Elite Tactics on the MQL5 site

User review for Elite Tactics on the MQL5 site

User review for Elite Tactics on the MQL5 site

User review for Elite Tactics on the MQL5 site

From the reviews, it is clear that the real account results are not as promising as seen in the backtesting. While one user recommends not buying this product, the other complains of the poor performance of the EA.

Elite Tactics

5

Elite Tactics is an EA that the developer claims is safe and completely automated. Our evaluation reveals the lack of verified real trading results. The signal results provided by the author on the MQL5 site show a small sample size that cannot be used to predict the long-term performance of the system. Other drawbacks we found in this FX EA are the expensive pricing, lack of refund policy, and negative user reviews.

  • A fully automated system
  • Customizable settings
  • No verified trading stats
  • Lack of money-back-guarantee
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