EA Thomas is an expert advisor using a unique algorithm that comprises 5 trading advisors working simultaneously. The FX EA is fully automated allowing you to choose from the available strategies and choose which approach will be active to identify the accurate order entry at a specific timeframe.
How EA Thomas works
The FX robot is developed by Vitali Vasilenka, the Metaverse Creator at EA Quantum Lab. The author is situated in Belarus and has one year of experience in the FX industry. As per the profile info found on the MQL5 site, the author has completed developing 25 products and 24 signals. You can get in touch with the developer using the links provided on the MQL5 site to the official website of EA Quantum Lab, LinkedIn, Telegram, Twitter, and Facebook. The author also provides a Whatsapp number for contact. Other products of the developer are EA Flower, EA Super 8, Quantum Lab, EA Bionic V2, and more.
Important features of the FX EA as per the developer are:
- The ATS uses two trading modes namely the conservating setting and the aggressive trade setting.
- A minimum balance of $500 is required to use the FX EA.
- The author recommends a minimum spread of up to 30 pips.
- A slippage of up to 5 points is required.
- The author recommends the use of the H1 timeframe.
- This FXEA works best on the XAUUSD pair.
As per the developer, this expert advisor uses a unique algorithm comprising 5 advisors working simultaneously. The EA analyses 5 entry points on varying timeframes based on the risk level and chooses one of the 5 points to open a deal. You can choose the strategy you prefer for the EA allowing you to profit from the move. There is no further explanation of the system which makes it difficult to understand the approach. A backtesting result is present for the FX EA. Here is one of the backtests that the author provides on the MQL5 site.
From the above report, we can see that the test was done on the XAUUSD pair from 2019 to 2022. For an initial deposit of 100, the account generated a profit of 16565611. For a total of 89682 trades, the profitability of 96.44% and a profit factor of 1.41 were present. The maximum drawdown for the account was 6.95%. From the results, it is clear that the approach used was of a low-risk type and the performance is good considering the high net profit generated by the EA.
EA Thomas trading results
The developer provides a real USD account using the Exness broker and the leverage of 1:2000. Here is a screenshot of the trading stats and growth curve.
From the above stats, we can see a 113.8% growth was achieved by the EA since it started on May 6. For an initial deposit of $100, the profit generated is $115.37. A drawdown of 31% is present for the account. For a total of 213 trades, the profitability is 86.38% and the profit factor is 2.30. From the trading stats, we find that the drawdown is high indicating a risky approach. Further, the sample size is small making the results random. A bigger sample is needed to make a proper assessment.
Pricing & refund
You can purchase this FX EA for $149 which is a discounted price. The original price is $299 and as per the author, the rate will be increased to $499. A free demo account is available. The author does not reveal the features available with the package. We could not find a refund offer for the product which raises suspicion about the dependability of the product. When compared to the average market price, we find the discounted price is affordable.
Unfortunately, we could not find user reviews for this FX EA on reputed review sites like Forexpeacearmy, Trustpilot, etc. The MQL5 site has a few reviews but since the site promotes the product there are chances of manipulation of the reviews. Hence, we do not consider the feedback.