Wild Side is a Forex EA that was launched on 3rd April 2021. It works on both Metatrader 4 and Metatrader 5 trading platforms and according to the vendor it has shown promising results throughout the available history. Of course, we need to analyze the trading performance of this system in order to gauge its profitability.
How Wild Side EA works
There is no official website for this Forex EA, and the only source of information for it is the MQL5 website. Here, the vendor has briefly explained how the system works while highlighting all the main features. We have a description of the EA settings along with vendor recommendations. Finally, there are screenshots of backtesting results and links to live trading accounts.
This EA is sold on MQL5 by Marat Baiburin, a Russian trader. According to their MQ5 profile, this person does not possess much experience, and they have only released two products through the website. These are the MT4 and MT5 versions of Wild Side. Since we have no information on this person’s background and trading history, we cannot say that vendor transparency is maintained for this robot.
With each trade, this EA uses take profits and stop losses. The vendor states that it uses a unique transaction tracking algorithm but does not explain how exactly the algorithm works. You can run it on M5 charts for different pairs like CHF/JPY, GBP/USD, AUD/USD, EUR/AUD, USD/CHF, EUR/USD, EUR/CHF, EUR/CAD, and USD/CAD.
The vendor recommends using the robot on ECN or RAW accounts and with a VPS having a low ping. For Wild Side, you can trade with leverage of 1:50 or more. The transactions are FIFO-compatible and there is no news filter. For a lot size of 0.01, you need to deposit at least $50 into your account. There are some EA settings that you can modify, such as setting the lot size to fixed or increasing, amount of balance needed to increase the lot, magic number, etc.
The vendor has provided no explanation for the trading strategy used by Wild Side. This makes it difficult for us to gauge the EA’s profitability. Experienced traders look for strategy-related information to gain a deeper insight into the workings of the robot. In the absence of strategy insight, most traders would not consider investing in this EA.
Here we have the backtesting results for the EUR/CHF pair, conducted with 99.90% modeling quality. The EA conducted a total of 2212 trades during this test, winning 78.81% out of them and generating a total net profit of $7609.34. For this, Wild Side used an initial profit of $1000.
There were 57 maximum consecutive wins and 11 maximum consecutive losses during this backtest. The relative drawdown and profit factor were 4.12% and 3.64, respectively.
Wild Side trading results
This is a live trading account on Myfxbook that was launched on April 17, 2021. To date, the EA has placed only 11 trades through this account, so we cannot possibly gauge its performance accurately by analyzing these results. It has won 5 out of 11 trades, which means it has a low win rate of 45%.
At this moment, the daily and monthly gains for this account are 0% and -0.03% respectively, while the drawdown is 0.10%. Rather than making a profit, the account is currently running at a loss of -10.19 Euros. After looking at the trading results, there is no way we can consider Wild Side a reliable system.
Pricing & refund
You can purchase Wild Side for the price of $249, which is too much for an unproven EA. There are a couple of rent options available for this robot, so you can rent it for 1 month at $69, and for 3 months at $129. The vendor also offers a free demo version of the software but there is no money-back guarantee.
There are no authentic user reviews for this Forex EA on the web. On MQL5, we can see a few reviews from users, but we cannot consider them authentic, since they are not published on a trusted third-party website.