EA Thomas is an easy-to-use trading system that has a friendly price tag. You can obtain the bot for $49 only and let it trade on your behalf. The vendor advises that you use the EA on a demo or cent account for the first 14 days to see how it works. This will help you to select the best trading conditions.
Vitali Vasilenka is the vendor that stands behind this trading tool. He has one year of experience in MQL5 programming and works as a Metaverse creator at EA Quantum Lab. Vitali lives in Belarus, and so far, his profile includes 26 trading systems, 22 published signals, 1212 downloaded demo versions, and 53 subscribers.
EA Thomas at a glance
|Trading platforms||MT4, MT5|
|Strategy||Trend direction detection, Trend reversal, Flat definition, HFT systems orders management, and Determining the volume of trades|
EA Thomas functionality
The robot also has the following features:
- Its slippage is up to 5 points.
- The minimum spread is 30 pips.
- You are advised to use the recommended settings only.
- Can be used in two modes: conservative trading and aggressive trading.
- The dev provides detailed setup instructions.
- Customer support is present.
EA Thomas trading strategy tests
This system works with 5 strategies available in the other EAs the vendor has developed. To be specific, its trading methods have been borrowed from EA Golden Elephant, EA New Way, EA Goofy, EA Flower, and EA Donald Duck. So, EA Thomas implements the trend reversal, Flat definition, trend direction detection, HFT systems order management, and determining the volume of trades. The developer further discloses that the system assesses 5 entry points simultaneously using various timeframes based on the risk level you set. It then selects one of the entry points to begin trading.
The robot attained a profitability rate of 96.44% after conducting a total of 89682 trades on the M5 chart during the 2019-2022 backtest period. As a consequence, a profit of $16565611.08 and a low drawdown of 6.95% were realized. To a large extent, the robot had a higher chance of reporting a loss than a profit, as exhibited by a lower average profit trade ($660.57) compared to the average loss trade (-$12704.91). The profit factor was 1.41.
What about EA Thomas real trading results
The performance of this EA in the live market is being monitored on mql5, but the credibility of the data has not been substantiated.
This live account was launched almost a month ago and funded with $1000. After 22 days of trading, the robot has made a profit of $581.26 on behalf of the user. The generated drawdown (38.7%) is quite high, raising serious concerns about the EA’s risky trading activities. The account’s balance currently stands at $1581.26.
There are 316 completed orders with a profit factor of 1.90. According to the data above, the EA prefers to work with short trades (61.08%) compared to long trades (38.92%). At the moment, the average profit is $5.67, whereas the average loss is -$6.55. The projected monthly growth rate is 58.13%.
There are 22 reviews for this robot on MQL5. All of them are positive except one. Satisfied traders allege that the EA produces excellent results and has an impressive design. However, there’s a trader who accuses the system of being a total scam as it doesn’t work as claimed. He also discloses that the vendor doesn’t attend to queries.
EA Thomas Review SummaryEA Thomas
Functionality4/5 GoodThe vendor introduces the robot’s features to the public for traders to know what they are buying.
Trading strategy2/5 BadThe strategies seem to be risky as they have failed to control the drawdown in the live market.
Live Results3/5 NeutralFrom the live trading stats, we have seen that the EA is able to grow your account substantially.
Customer Support3/5 NeutralThe EA provides customer support through email, phone, a Telegram channel, and the comments section on MQL5.
Customer Reviews4/5 GoodA majority of traders using the robot are satisfied with its services.
- Includes setup instructions
- Positive user feedback
- Features a backtest report
- High drawdown
- Short trading period