BlackQueen Review

BlackQueen

BlackQueen is a trading solution that helps traders with making profits on Forex. The system can be found on MQ5. We have decided to take a closer look at it. 

BlackQueen at a glance

Price$40, $68, $371
Trading PlatformsMT4 and MT5
Currency PairsEURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, and USDJPY
StrategyPrice Action, Grid, Hedge, and Martingale
TimeframeH1
Recommended Deposit$50
Recommended LeverageN/A
Money ManagementYes

BlackQueen functionality

The presentation includes various information about how the system is going to make profits on our real or demo account. So, we grouped the most important information in the list below. 

  • The system is able to help its owners with executing orders automatically. 
  • We have default settings well customized.
  • The account balance should be $50 or even more. 
  • We can start working without proper trading experience. 
  • The advisor works based on the price action strategy. 
  • We can use it on any Forex pair. 
  • We can switch strategies. 
  • Alas, there’s no intel about the second one. 
  • We have three trading modes provided. 
  • The auto mode provides us with  trading seven pairs. 
  • We are allowed to attach it to any pair. 
  • We have other strategies: Grid, Hedge, and Martingale. 
  • The robot works under real market conditions. 
  • We have to work with default settings for EURUSD on H1. 
  • We can trade on Hedge accounts. 
  • Trading is possible on EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, and USDJPY.
  • The advisor doesn’t use a scalping strategy. 
BlackQueen details
BlackQueen details
  • We have details and explanations provided. 
BlackQueen offer
BlackQueen offer

The presentation includes information about pricing. A copy of the robot costs $371. We have two subscriptions for $40 monthly and $68 quarterly. We can download a demo copy of the robot for free. We can run some tests or check settings on ourselves. 

BlackQueen trading strategy tests

BlackQueen backtest report
BlackQueen backtest report

Instead of the final report we have a chart of gains. The advisor most likely made $10,000 out of $1000 in 2 years. So, we don’t allow you to know the real final report where the data about win rates, drawdowns, etc. was published. 

What about BlackQueen live trading results

BlackQueen trading results on MQL5
BlackQueen trading results on MQL5

The system has been working on a real Roboforex based ECN account with 1:300 leverage. It traded automatically. The maximum drawdown is 14.3%. The maximum deposit load is 9.2%. The win rate is 64.6%. The absolute growth is -6.22%. So, the system isn’t profitable at all. 

BlackQueen growth chart
BlackQueen growth chart

The chart shows that the system is going down. 

BlackQueen closed orders
BlackQueen closed orders

Its losses are bigger than average wins. 

BlackQueen trading details
BlackQueen trading details

BlackQueen traded 48 orders. The best trade is $9.06 when the worst trade is -$15.91. The recovery factor is -0.40 when the profit factor is 0.86. An average monthly growth is -1.69%. 

BlackQueen distribution process
BlackQueen distribution process

It works with seven symbols where EURUSD with 14 deals is the most traded. 

Other notes

The developer’s profile on MQL5
The developer’s profile on MQL5

Mikhail Sergeev has a 88,588 rate on MQL5. His portfolio includes 15 products and 3 signals. He has over 9 years of trading experience and 35 subscribers.

People feedback on MQL5
People feedback on MQL5

As you can see,  people aren’t satisfied with the signals’ quality. 

BlackQueen Review Summary

BlackQueen
2 5 0 1
BlackQueen is a robot that works based on a price action strategy but can’t become profitable with it. Now, the system only loses money. So, it has to be updated. Functionality 3/5 We know a few details about the system.
BlackQueen is a robot that works based on a price action strategy but can’t become profitable with it. Now, the system only loses money. So, it has to be updated. Functionality 3/5 We know a few details about the system.
2/5
Total Score
  • Trading strategy
    3/5 Neutral
    Price Action, Hedge, and Martingale approaches are implemented.
  • Live results
    1/5 Awfully
    Trading results look bad.
  • Customer support
    3/5 Neutral
    The support seems to be average.
  • User reviews
    2/5 Bad
    Many customers aren’t satisfied with the robot.

The Good

  • Trading results provided

The Bad

  • No risk advice given
  • The system isn’t profitable
  • High pricing
  • Many negative testimonials were written
Total
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