Today’s EA to review is a Forex Ninja robot. The presentation looks effective and well-designed. Let’s see if the rest is that cool. This service is quite young, because the year of site creation is 2020, but Eryk Skorzynski noticed that there were gained 3841 pips in 2019. So, we have to rely on getting these results or better ones in 2020. There are several main rules when you try to pick up a robot to work with: you have to check what the strategy is behind, how the strategies perform on the past data and on a real account, margin requirements, and money-back guarantee. If you need advice you’d like to visit our best Forex robot/signals list.
Forex Ninja Features
Let’s gather up all features in the next list:
- The robot trades fully-automatically.
- It works on the MT4 platform.
- A VPS service is required to increase execution speed.
- We have to run it on the low-spreads (ECN) account.
- There’s a profit calculator that allows us to know what profits we have to expect.
- We can promote a product to get 15% OFF.
Pricing is flexible and subscription-based. It depends on the account size and term of using the EA.
The lowest price is $39 when the maximum one is $4050 for huge accounts. The pack includes settings for 24 currency pairs.
How it works
The developer ignores the need to explain to us what’s up with the strategy behind the system. It’s a huge con.
The presentation has zero explanations of what the strategy or strategies are behind the system. The single reason for not providing this intel is that there can be a Grid plus Martingale combo that many don’t like.
The robot runs a real EUR account that most likely was deposited several hundred euros on the IC Markets broker automatically. It uses technical indicators, trading with 1:500 leverage on MT4. The account has a verified track record. It was created on March 25, 2020. Since then, the absolute gain has become 135.86%. An average monthly gain is 10.05%. The maximum drawdown was high – 29.80%. It’s tracked by 19 traders.
The EA closed 959 trades with 1879.4 pips. An average win is 6.83 pips when an average loss is -21.67 pips. The win-rate is 83% for Longas and 82% for Shorts. An average trade length is over four hours. The Profit Factor is 1.63.
The most-traded symbols were USD/CAD (63 deals) and USD/JPY (61). Most profitable by gained pips were EUR/AUD – 222 pips, EUR/NZD – 209 pips, and GBP/CAD – 187 pips.
The robot focuses on the trading opening of Asian and European trading sessions, ignoring American and Australian ones.
Monday is the less traded day compared with others.
The EA works with huge risks to the account balance.
The robot uses Grids of only two orders. The developer hid from us Lot Sizes. So, most likely, there’s Martingale on the board.
The presentation includes only positive reviews from customers, but according to the writing style, they are fake.
There’s a page on Forex Peace Army with a single positive 5-star review that wasn’t counted by the system as a trustworthy one.
It’s insanely rare to see the name of the developer who’s behind the EA (outside of MQL5 offers). It’s a solid pro.