Forex Robots

FXSecret Immortal Review: A High-Risk Forex Trading System

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FXSecret Immortal

FXSecret Immortal is a fully-automated Forex expert advisor that combines three different trading systems. It promises to control the drawdown while maintaining high profitability. Of course, it is common for vendors to make false promises, so we need to conduct our own investigation in order to gauge the profitability of the robot.

There is not much information available on the parent company. It was officially established in 2012, but the team started developing Forex robots in 2009. The vendor has not shared the official address or any other contact information. We know nothing about the members of the development team and there is no mention of other EAs developed by the company.

FXSecret Immortal strategies and tests

FXSecret Immortal combines three different strategies into one trading account. You can choose to work with as many trading systems as you want. All you need to do is to modify the EA settings. You can also specify the risk level in the EA settings which prompts the EA to calculate the stop losses and lot sizes accordingly.

According to the vendor, the development team first tested the robot using a different strategy. This worked well initially but gradually became unstable. The account started exhibiting a high drawdown and this prompted the developers to modify the algorithm and test a new combination of strategies. The vendor claims that the team tested each strategy in the live market before implementing them for this robot.

Unfortunately, we don’t have the explanations for any of the three strategies used by the EA. While the vendor tries to paint the new combo as a stable trading scheme that consistently generates profits, we cannot simply take their words at face value. Analyzing the trading strategy reveals important details about the system’s profitability but here it is not possible.

Another disappointing aspect of this trading system is the lack of backtesting results. Historical test results are important for any automated system. They reveal the long-term performance of the robot and tell us whether it can survive in different market scenarios. Clearly, the vendor is not too confident about the performance of their EA.

FXSecret Immortal live trading account review

Growth chart of FXSecret Immortal

Growth chart of FXSecret Immortal

This trading account on Myfxbook was launched on May 27, 2013. To date, the EA has placed 3004 trades through this account. Currently, it has a win rate of 56%, which is not very high compared to other systems.

At this moment, the total profit for this account stands at $62567.36. The daily and monthly gains are 0.15% and 4.74% respectively, while the drawdown is 65.84%. There is no way we can trust a robot that exhibits such a high drawdown. It leaves the trades open to huge losses.

Trading results of FXSecret Immortal

Trading results of FXSecret Immortal

As you can see from the recent trading history, the robot is capable of suffering consecutive losses. This confirms our suspicion that FXSecret Immortal is a high-risk trading system.

Pricing

You can purchase FXSecret Immortal for $549. This will give you a single license for any account type and both the MT4 and MT5 versions of the EA. You can change the account number online as many times as you wish. There is a 30-day money-back guarantee, but we think the price is much too high for a system that has such poor live performance.

Is FXSecret Immortal robot a scam?

Yes, we think FXSecret Immortal is a scam service. The vendor claims that the system always generates stable profits, but the live statistics tell us otherwise. Contrary to the vendor’s claims, the robot is not able to maintain a low drawdown level.

User review for FXSecret Immortal on Forexpeacearmy

User review for FXSecret Immortal on Forexpeacearmy

There is only a single user review for this EA on Forex Peace Army and this indicates a lack of reputation. Here, the user has claimed that they opened several positions in February 2017, however, none of them were closed in profits.

Other notes

The company claims to initiate an automatic refund for accounts where the drawdown exceeds 40%. There is no live chat feature on the website and the only way to contact the customer support team is through the contact form.

FXSecret Immortal

4

FXSecret Immortal is an overpriced trading system that uses a high-risk strategy. The vendor makes several false promises but the live statistics tell us that the robot is not that profitable. You can suffer heavy losses while treading with this robot.

  • Verified trading results
  • Money-back guarantee
  • No backtesting results
  • High drawdown
  • Lack of vendor transparency

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