The Comeback Kid EA is an FX Robot that assures profitable trades without any input from the user. As per the developer, this ATS can recover losing trades with its expert management and turn them into break-even or a minor profit. A manual and algo combination is used and by using the onscreen buttons the EA can make use of both methods or the individual style as needed. This FX EA is promoted by the Responsible Forex Trading company owned by Ryan Brown.
As per the official site info, the company has 15 years of experience in trading and 8 years of experience in the algorithmic method. We could not find details concerning the founding year, the location of the company, phone number, and other info. For support, the vendor has a free Discord group and an online contact form. The lack of transparency makes us suspect the reliability of the system.
To identify a reliable and profitable system you need to look into various factors like performance, strategy, etc. This will take time and can be an overwhelming task. Fortunately, we have made your work easier with our review lists. Have a look at our best FX robots list that makes it easy for you to choose a reputed software without any hassle.
The Comeback Kid EA overview
On evaluating this FX EA, we find that the vendor focuses on a few pertinent aspects such as:
- The ability to provide the trader with the level of control they need.
- Is compatible with the MT5 platform.
- A multiple order risk management is present to recover the losing trades.
- Uses proven money management methods that enable profitable trades.
- Settings are flexible enabling any type of trader to benefit from the EA.
- The default settings for conservative risk level assure a profit of 10% per month by using 5 to 10 currency pairs.
To buy this FX Robot you need to shell out $497. We could not find further info on the features available, the updates, and other relevant factors. There is no money-back guarantee which makes us suspect that this is not reliable software. When compared to the competitor products in the market, this FX EA is overpriced.
How it works
According to the vendor info, this FX EA scans your trading charts for 5 minutes to 10 minutes per day to identify possible entries. When you decide on the trades you want to make, the EA will take care of the trades and close the trades in loss or profit depending on the preference. The vendor claims that this system can use money management of different types namely single, multiple, and flex-grid trading.
A two-indicator system is part of the strategy this EA uses. An averaging flexible grid system that focuses on the support and resistance points is the main trading approach of this EA. As per the vendor, the system takes on grid positions only during favorable price movement. A trend trading approach is also used to ensure good entries after a pullback of a trend occurs. While the vendor mentions the strategies used, the explanation is a bit vague. Furthermore, there are no backtesting results displayed on the site.
A myfxbook verified real USD account using automated and manual trading on the MT5 platform with the leverage of 1:500 is shown here.
From the trading stats, we can see the real live account has generated a total profit of 13.9% and an absolute profit of 13.86%. For the trading started in June 2021 up to the present, a daily profit of 0.15% and a monthly profit of 4.47% are present.
The drawdown is 9.19%. For a deposit of $30,674, the total number of trades executed is 426 with a profit factor of 1.63 and profitability of 64%. From the trading history, we can see varying lot sizes are used starting from 0.10 up to 0.40. The low profits and varying lot sizes indicate an ineffective approach and performance of the FX robot.
We could not find user feedback for this FX EA on reputed sites like the Forexpeacearmy, Trustpilot, etc. The lack of reviews indicates this is not a popular or effective product in the market.