Unbeatable EA claims to be an automated trading tool that can save your time and ensure you make profits in Forex. The FX robot claims to minimize the stress associated with trading by its efficient Machine learning-based trading software. This is a combined FX robot and expert adviser that can flexibly trade many instruments. The vendor does not provide info on the developer or the team responsible for the creation of this ATS. We could not find location details or phone contact for the vendor. Support methods offered include an online contact form, an email address, and Skype.
Unbeatable EA Strategies and Tests
According to the website info, this EA works on a market adaptive method and does not use the Martingale approach. Only short traders are executed with visible TPs and SLs. No hedge account is used. Other features mentioned include position sizing, fast support, quick execution of orders, and verified backtests. The vendor does not mention the trading approach used or an explanation of the working method which is disappointing. Backtesting results are present on the official site. Here is one of the strategy tester reports.
From the above image, we can see the backtest done in a 15-minute timeframe with an initial deposit of $100. A drawdown of 12.78% is present for the backtest. The net profit value is $7787.7. As the vendor does not provide a detailed report of the backtest we are unable to analyze the test results. The lack of info such as the duration of the test, the profit factor, profitability, and more make the report ineffective and unreliable.
Unbeatable EA Live Trading Account Review
A real USD account using the FBS brokerage and leverage of 1:500 on the Metatrader 4 platform is provided by the vendor. Here are a couple of screenshots of the results verified by the myfxbook site.
From the trading stats, we can see a similar value of 57.07% for the absolute profit and total profit. A daily profit of 1.42% and a monthly profit of 57.07% are present. The drawdown value is 12.71%. For the account that started in June 2021, with an initial deposit of $99, the balance amount present is $155.50 with the profit being $56.50.
The total number of trades executed is 77 with a profitability of 78% and a profit factor value of 3.63. A lot size of 0.01 is used for the trades. Comparing the backtest result with the real trading results, we can see the drawdown is similar but the profit is not as high as seen in the backtest. However, since the duration of the backtest is not mentioned and the sample size is small in the real trading result it is difficult to assess the efficacy of the FX robot.
As per the info on the official site, two main packages are present for this system. The first package costs $110 per month and is for traders. It is a combination of the EA and Robot and comes with a free trial for 7 days. This prepaid package has one each of a demo and real account.
The second package the vendor offers is a copy trading system named CopyFX, which charges 30% of the profit you make from using the system. This package is for investors and brokers recommended include IC Markets, RoboForex, Forextime, and HotForex. The vendor allows monthly and weekly withdrawals.
A money-back guarantee of 30 days is present which the vendor claims is a way to ensure customers are satisfied with the product. Compared to other subscription-based products of similar nature, we find the monthly cost is expensive and not worth it.
Is Unbeatable EA Robot a Scam?
From our analysis of the various aspects of this FX EA we find it is a scam site due to the following reasons:
- Lack of vendor transparency: The vendor does not reveal info on the company, its location, phone number, etc.
- Poor performance in real trading: Low profits and discrepancy in the backtest and real trading results reveal that the performance is not as claimed by the developer.
- No mention of the strategy used: The vendor fails to reveal the trading approach used and does not provide any explanation of how the system works.
- We could not find user reviews for this EA on trusted third-party sites like Forexpeacearmy, myfxbook, etc. The absence of user feedback indicates this is not a popular product among traders.