Easy To Use5.0/10
EA Purchase Price5.0/10
Rental Price / Options5.0/10
Forward Testing Results5.0/10
- Backtesting results could be fabricated as they are just too good to be true. Author has history of fabricating backtesting results, see SprectrumM EA and we don't at this point expect anything else..
- If live foward tests shows similar performance as the backtests, we will change our rating but until then we consider this ea to fraudulently read trading history in order to improve backtesting results.
- Use extreme caution until live performance can be verified..
| Backtesting results – We always use 99.90% modelling quality in our backtests to ensure full accuracy.
Strategy – We pose two questions:, can the strategy work in long term and how risky is it?
Draw Down – We analyse it over along time and look at the causes. Is it steady or just a one time spike?
Easy To Use – Is it just one or two option drop down or do you need to use complex set files to get the best results? Can you trade multiple pairs from one chart? Are there any support issues?
Author History – How long has the EA been on the market, what are the complaints, and how many other successful EAs has the author released previously?
EA Purchase Price – Does the performance justify the price?
Rental Price / Options – Based on the criteria set above, if no rental option is offered or the rental price is very high, it is a red flag for us.
Forward Testing – Does the EA provide forward testing we can use to verify the EA?