EA Super 8 robot trades aggressively on the market. It uses a strange approach for trading the markets where the developer states that traders have to separate their equity in ten portions and run the robot individually on each account. We will cover all the important points of the system and see if we can generate any profits from the algorithm.
How EA Super 8 works
The EA requires the following steps to work correctly:
- Purchase it from the MQL 5 marketplace and download the product on your MT 4 platform
- Refresh the experts’ tab
- Place the EA on the charts to start trading
Vital Vasilenka is the author of the EA who resides in Belarus. He has a total rating of 4.5 for 349 reviews. The developer has fifteen products published on the MQL 5 marketplace and has 187 subscribers for his services. He has a trading experience of one year, according to the marketplace.
The EA has the following features:
- The minimum balance requirement is only $100.
- It comes with live account results that are available on the developers’ website.
- There are martingale and grid strategies on the board.
The developer states that the robot trades aggressively on the markets where it requires the capital to be divided into ten portions. Traders will then have to attach the EA separately to each account and wait for the system to blow a few and make money on the others. The result is supposed to be profitable, with more portfolios giving a 100% ROI. From the history of MQL 5 marketplace, we can see that the system uses a grid and martingale combo, which is risky.
Backtesting results are available for NZDUSD. The duration of the test is nearly seven years. The developer presents backtesting results by showing multiple images with no detailed statement. For the duration, the robot had a maximum drawdown of 67.73% and turned an initial deposit of $100 into $97121.75. It had a winning rate of 70.45% with a profit factor of 1.80. The average amount of profitable trades was $1.34, while the average amount of losing deals was -$1.78. There were a total of 230658 trades executed during this period.
EA Super 8 trading results
Verified trading records are available on Myfxbook that show performance from October 21, 2021, till the current date. The system made an average monthly gain of 46.5%, with a drawdown of 9.2%.
The winning rate stood at 72.93%, with a profit factor of 2.84. The best trade was $111.34, while the worst was -$16.83. There were a total of 218 trades with an average holding time of 51 minutes. This shows that the algorithm is a scalper and a day trader. The robot trades on four currency pairs, including EURUSD, GBPUSD, CADJPY, and BTCUSD.
Pricing & refund
The robot can be purchased for $249. There is no money-back guarantee as per the rules of the MQL 5 marketplace. The license is available for a single account where a trader logs in.
There are multiple reviews available on the MQl 5 marketplace. A trader says that the robot is losing more than it wins and that the losses are adding up.