Kapola Trader EA is a Forex expert advisor that claims to work like clockwork. According to the developer, this system is capable of generating profits at a steady rate without making losses. They also claim that this robot can outperform the market.
Unfortunately, there is not enough information on the parent company behind this robot. We don’t know when it was founded or where it is located. The vendor has not revealed the identities of the team members, so it is not clear whether they have the required experience and technical knowledge to build automated trading systems. Also, we don’t know whether this team has built other Forex EAs in the past.
Kapola Trader EA strategies and tests
This is a 100% automated trading system capable of functioning on autopilot. You don’t need to monitor it 24/7. After installing the system, you can run the software immediately. There is no need to deal with overly complex functions.
Kapola Trader EA is compatible with currency pairs like NZD/USD, USD/JPY, AUD/USD, GBP/USD, and EUR/USD. It is based on the Commodity Channel Index (CCI), Bollinger Band, and many other indicators. Additionally, it watches the current market price data. According to the developer, you should load the EA on M15 charts.
With the help of the Bollinger bands indicator, the EA can determine the right time to make its entry. For calculating precise entry points, it analyzes the current market data. Occasionally, it might choose several entry points for maximizing profit. For exits, the EA uses moving average and CCI. While the moving average is used for the actual calculation, CCI acts as confirmation. For securing profits, the EA uses trailing stops.
There are no backtesting results for this expert advisor. This prevents us from analyzing the long-term historical performance of the system. These tests go on for several years, thus revealing the ability of the robot to deal with different market conditions. Without backtesting results, we cannot draw a comparison between the live statistics and the historical performance.
Kapola Trader EA live trading account review
Here we have a live trading account on Myfxbook that was launched on January 25, 2022. Thus, we can say that it has a very short trading history and hasn’t been exposed to different market scenarios. After conducting 970 trades, the win rate for this account currently stands at 74%. By maintaining such a high win rate, it has been able to generate a total profit of $3943.48.
Currently, the daily and monthly profits are 2.31% and 96.58%, respectively. The drawdown is quite low at 8.79%, and this tells us that the robot does not trade with too much risk. This account has a profit factor of 3.23.
Looking at the trading history of this account, we can see that the EA trades with a fixed lot size of 0.02. The robot generates very small profits from each trade, but it conducts a large number of trades on a daily basis. While the average win and loss are 14.25 pips/$7.98 and -23.76 pips/-$6.97, respectively, the average trade length is 18 hours 16 minutes.
The three pricing plans for this robot are known as Bronze, Silver, and Gold, respectively. While the Bronze plan costs $99, the Silver and Gold plans are priced at $149 and $249, respectively. The difference between these plans is the number of real and demo accounts they let you use. There is a 30-day money-back guarantee offer.
Is Kapola Trader EA a good system to rely on?
There are no historical test results for this EA. Although the win rate is quite high, the results are based on a very short history.
There are no reviews for this EA on the web. On Forex Peace Army, there is an account having a weekly profit/loss of 18.9%.
The vendor offers 24/7 customer support, but the only way to get in touch with the developer is through the contact form.