Unbeatable EA is advertised as a fully automated trading tool, which trades the market with full automation and saves stress and time on your shoulders. The robot has been practically tested with backtesting and live accounts to verify its performance. The company does not provide any information on their whereabouts and the trading experience of the developers. They only present a single email that can be used to contact them.
For choosing the best trading robot, traders must look at the verified trading records and the backtesting results. The former can give an idea about the future performance while the latter gives a detailed historical record.
Unbeatable EA Features
Unbeatable EA has the following features:
- Trades multiple instruments with diversified risk
- Does not employ martingale and hedging strategies
- Closes all the trades within 24 hours to manage risk
- Adapts to the market using machine learning
The robot is available through copy trading or a subscription service. It will cost $110 a month, which offers a license for a single demo and a live account. Copy-trading can be done by signing up with one of the brokers recommended by the developer. Profit-sharing is 30% in favor of the developer.
How it works
The developer sends over the ex4 file after you make a purchase. Place the robot within the experts’ directory of the MetaTrader 4 and refresh the experts’ tab. Drag and place the expert advisor on the respective charts to begin trading. Do not forget to enable the auto-trading button. For copy trading, open an account with the designated broker and select the developers’ signals from the PAMM section.
The developer fails to disclose the trading strategy used by the system, which raises many concerns over the authenticity of the expert advisor. To check out the strategy, we dive into the trading history present on Myfxbook. The robot maintains a day trading approach, holding trades for an average duration of 6 hours and 23 minutes. It uses a grid trading plan which places consecutive orders in the same direction if the trade turns into a loss.
Verified trading records are available on Myfxbook, which show records from June 25, 2021, till the current date. The robot provided an average monthly gain of 57.07% with a drawdown of 12.71%. During the duration, the expert advisor made 77 trades and traded 0.77 lots. It had a winning rate of 78% with a profit factor of 3.63. The best trade was $5.69, while the worst was -$5.24. It is intriguing to note that the developer uses only $100 to trade their account. They understand that the expert advisor uses grid strategy and therefore do not want to risk more money.
Customer reviews are available on Forex Peace Army, where there is currently no feedback from traders. This shows that no one has presently tested the system. There is a possibility that traders are afraid of implementing grid strategy, which can be highly risky, as mentioned before.