The robot operates on a neural network, meaning it learns as it trades the markets. The developer states that the expert advisor doesn’t use risky strategies and is still improving. It will not trade often and is spending most of the time looking for trading opportunities. It works on the markets 24/5, and it would be better if you operate it within a VPS service to ensure uninterrupted working.
Piotr Stepien is the sole developer of the algorithm. He has a total of 50 products developed in the MQL 5 marketplace. He resided in Poland and has a rating of 5579. The total experience of the developer is two years.
Neural BOT at a glance
Neural BOT functionality
The robot has the following features:
- Automated trading that learns and adapts itself to the market conditions
- Constant updates and optimizations that improve the outcome
- Uses real stop loss and take profit
Neural BOT has been tested on IC markets, according to Piotr. It has been optimized to run on EUR/USD. It can also adapt to other currency pairs. The developer displays a table on the website, which increases the percentage balance on a single position for accounts with lower leverage. You have to run many optimizations for it to work properly. It is possible to set the amount of slippage and turn chart information on or off for fast working. The maximum number of long and short orders can also be tweaked, and you can set custom stop loss and take profit values.
Neural BOT trading strategy tests
The developer is not transparent about the type of strategy the expert advisor uses. As mentioned before, he only states that the robot is based on a neural algorithm that updates itself as it trades. You have to run the optimizations for a specific time frame before placing it on the chart.
Backtesting results are available for EURUSD on the M1 chart from 2018 to 2021. On an initial deposit of $300, the robot tanked a total net profit of $2215481.33. There were frequent drops in the equity on the chart curve, showing that the robot used grid or martingale strategy frequently. The relative drawdown stood at 19.70%. The robot nearly had a 100% winning rate as grid strategies do not accept a loss. For a total of 1836 trades, the expert advisor traded 3672 lots. The average profitable trade was $1248.79, while the loss was -$18077.77.
What about Neural BOT real trading results
The developer fails to provide any hyperlink to real, verified results on noted tracking websites such as Myfxbook. He has trading signals for the same robot, but the outcome is not available on a real trading account. This lack of transparency shows that the system only works on a demo account, and there is no profitability on live. Such systems perform well only during the backtests.
There are no customer reviews available on noted websites such as Forex Peace Army that can help us determine the opinion of other traders and see if the system works. The only feedback present is on the MQL 5 community page, which looks as if the developer bought and wrote himself. Users complain that the system does not trade quite often.
Neural BOT review summaryNeural BOT review summary
Functionality3/5 NeutralThe robot works only on MT5.
Trading strategy2/5 BadThe developer fails to disclose the strategy.
Live Results2/5 BadThere are no live results available.
Customer Support3/5 NeutralCustomer support is available through MQL5.
User Reviews0/5Reviews are not available on noted platforms such as Forex Peace Army.
- Available on MQL 5 marketplace which is reputable
- No verified live results
- No real customer reviews
- The price is high