Home Forex Robots Omega Trend EA Review

Omega Trend EA Review

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Omega Trend EA

Omega Trend EA is a robot that was designed by FCAutomater several years ago. The system has received many updates, but it’s still a low-profitable trading solution that can’t trade stable and predictable. 

How Omega Trend EA Works

Omega Trend EA Features

The presentation explains almost everything we would like to know about the system:

  • Omega Trend EA is a professional trading advisor that can execute orders for us automatically. 
  • The robot works with indicators that spot trend trading opportunities. 
  • Omega Trend EA has two trend indicators tied to specific strategies. 
  • It uses dynamic Entries and Exits. 
  • The recommended time frame is H1. 
  • It supports trading on GBPUSD, EURUSD, and EURJPY.
  • The default settings are for EURUSD. 
  • The robot works only on the MT4. 
  • Omega Trend EA will work on any broker with 4 or 5 digits price quotes. It is not necessary to change any parameters for 5 digits price quotes.
Omega Trend EA. It’s how the system looks on the chart when attached
  • It’s how the system looks on the chart when attached. 
Omega Trend EA - settings list
  • We have a settings list provided. 
  • The system has a money-management feature that cares about drawdowns. 
Omega Trend EA. The screenshots show how to execute backtests
Omega Trend EA. The screenshots show how to execute backtests
  • These two screenshots show how to execute backtests. 
Omega Trend EA. There are set files for two other symbols provided
  • There are set files for two other symbols provided. 

Applied Strategies

  • The system spots trends and trades them all the way. 
  • The other two strategies the system uses are called strategy diversity and dynamic entries and exits
  • The time frame is H1. 
  • It works with GBPUSD, EURUSD, and EURJPY.

Omega Trend EA Trading Results

Omega Trend EA - backtest

We have a GBPUSD backtest on the H1 time frame. The data period was over 19 years. The modeling quality was 90.00%. The spreads were 10 pips. An initial deposit was $2000. The total net profit has amounted to $21,996. The system has traded 4853 deals. The maximal drawdown was 11.62%. The win rate was 57.97% for Shorts and 60.11% for Longs. 

Omega Trend EA Myfxbook

The robot has been running a real USD account on IC Markets. The leverage is 1:500. The platform was chosen as MT4. The account has both track record, and trading privileges verified badges. It was created on December 16, 2020, and deposited at $222.99. Since then, the absolute gain has become 38.83%. An average monthly gain is 5.39%. The maximum drawdown is 32.86%. Seven traders track the account. 

Omega Trend EA - drawdown

As we may note, the system has been sitting in huge drawdowns the last two months. 

Omega Trend EA advanced statistics

The robot has traded 353 deals with 1204.1 pips. An average win is 22.18 pips when an average loss is -29.17 pips. The win rate is 65% for Longs and 61% for Shorts. An average trade length is over twenty-one hours. The Profit Factor is 1.19. 

Omega Trend EA trading results

EURJPY is not profitable. EURUSD is the most traded symbol, with 182 deals when the most profitable is GBPUSD with $88.90. 

Omega Trend EA trading results

The robot trades during European trading hours. 

Omega Trend EA trading results

Wednesday is ahead of other days by trading activities. 

Omega Trend EA trading results

The robot works with medium risks to the account balance. 

Omega Trend EA trading results

It started losing quite frequently recently. The system uses Martingale increasing lot sizes from 0.01 to 0.03 when needed. 

Omega Trend EA monthly gain

Trading results show that the system is not a stable trading solution that we can rely on. 

Pricing & Refund

Omega Trend EA Pricing

The robot was introduced in a single package. There’s a 30% sale. The current price is $97 instead of $147. It includes one real and three demo account licenses, the best in Forex industry support, and a 60-day money-back guarantee. 

People Feedback

There’s no people’s feedback provided. It’s a common con of FXAutomater’s presentations. So we have no idea if clients are profitable with it. 

Other Notes

Omega Trend EA - The developer has many other trading solutions in its portfolio

The developer has many other trading solutions in its portfolio.

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