Unbeatable EA is a 100% automated Forex trading system that claims to reduce your financial stress and promote work and life balance. It can trade in multiple currency pairs and is able to eliminate emotions from trading. There are live trading accounts and backtesting results that act as a testament to this system’s performance.
On the official website, the vendor provides a short introduction to the robot and lists all the main features available with it. We also have a list of vendor recommendations, along with the pricing details. There is a link to a live trading account showing the performance of the system, but the backtesting data has been presented in an odd format.
We know virtually nothing about the parent company behind this Forex EA. The vendor does not reveal where the company is located, and we know nothing about the developers and traders who work here. In terms of contact information, only the email address is present.
Unbeatable EA at a glance
|Currency Pairs||AUD/JPY, AUD/USD, CAD/JPY, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD|
Unbeatable EA functionality
This robot follows a high-frequency trading approach, closing all positions within 24 hours. It uses position sizing and has take profits and stop losses that you can clearly see on the chart. If you wish to place real-time trades using this system, you need a minimum deposit of $100. The vendor also recommends using a broker that supports ECN accounts, although you can use standard accounts as well.
On the official website, the vendor makes some vague statements like the robot always has an exit plan and high deal execution level. However, they don’t elaborate on these things, so we think they are just empty claims. As per their recommendation, you should sign up with the HotForex or FBS broker while trading with this EA. Also, it has been mentioned that the robot needs to be used with a VPS service to be profitable.
Unbeatable EA trading strategy tests
The vendor does not explicitly specify the trading strategy on the official website, but by looking at the live trading results, we can see that it’s following a combination of Martingale and Grid. This is a very dangerous strategy that can empty your trading account, and that is why the majority of traders tend to avoid EAs that use it.
On the EA website, we have the backtesting results for multiple currency pairs, however, they are not presented in the correct format. We can only see the timeframe, drawdown, net profit, and initial deposit. In order to analyze the historical performance, we need some more details like the profitability, relative drawdown, modeling quality, etc. To us, this looks like an attempt to conceal the true performance of the system.
What about Unbeatable EA live trading results
This is a live trading account that was launched on June 25, 2021, and ceased trading on July 09. Thus, it has a very short trading history during which it only conducted 77 trades. The EA won 78% of these trades achieving daily and monthly gains of 0.91% and 57.07%, respectively.
As you can see, the EA extracts small profits from each trade following a Martingale-Grid combination strategy. This dangerous strategy has a high risk of ruin and there is no way you should trust robots that use it.
The fact that this expert advisor does not have any user reviews on third-party websites, tells us that it lacks a reputation. Evidently, there are not many people using this system at this moment.
Unbeatable EA Review SummaryUnbeatable EA
Functionality2/5 BadCompared to other EAs, this one does not offer any advanced functionalities.
Trading Strategy2/5 BadIt uses an extremely risky strategy involving Martingale and Grid.
Live Results3/5 NeutralIt has a very short live trading history and hasn’t placed any trades for more than a month.
Customer Support2/5 BadCustomer support is only provided via email.
User reviews2/5 BadThere are no verified user reviews for this expert advisor.
- Verified live trading results
- Discontinued trading results
- Risky Martingale-Grid combo strategy
- High monthly fee