Let’s talk about Yeti Forex Robot today. The presentation is very simple but has backtested reports and verified trading results. So, will it be enough to make the right decision about using this EA?
How Yeti Forex Robot Works
The list of features isn’t huge, but we gathered everything we could find:
- The system trades fully automatically for us.
- We can use the robot on the MetaTrader 4 platform.
- It allows trading on any type of accounts: Standard, Micro, and Mini.
- We can use 4 and 5-digit brokers.
- There’s an advanced time-management system.
- The robot works on the H4 time frame.
- It requires much margin to sit in drawdowns.
- An ECN account should be.
- There’s an advanced money-management system that calculates Lot Sizes and sets Stop Losses.
- We can use it on any NFA-broker.
- There’s a broker spy module that covers SL and TP levels from hunting by a broker.
Yeti Forex Robot works with a trend strategy that allows us to get 10% of the monthly gain. The EA trades on the H4 time frame.
It’s a medium risk EUR/USD backtest on the H4 time frame. The modeling parameters were – 90% quality and 10-pip spread. An initial deposit was $1000. The total net profit has become $251k. The Profit Factor was 2.66. The maximum drawdown was 25.32%. The EA traded 932 deals with the 74% win-rate.
Yeti Forex Robot Trading Results
We’ve got a demo USD account on ForexMart. Yeti Forex Robot trades automatically with 1:500 leverage on the MetaTrader 4 platform. The account has a verified track record and trading privileges. It was created on September 8, 2020, and funded at $1000. Since then, the absolute gain has become +30.48%. An average monthly gain is 7.92%. The maximum drawdown was low – 9.30%.
The EA closed only 41 deals with 901 pips. An average win is 29.63 pips when an average loss is only -5.23 pips. The win-rate is 75% for Longs and 80% for Shorts. An average trade length is one day. The Profit Factor is 11.59.
The robot focuses on trading breakout symbols – EUR/USD and GBP/USD. The most-traded and the most-profitable symbol is EUR/USD (26 deals and $237).
The EA trades High-Impact News hours.
Yeti Forex Robot trades weirdly because Thursday is the less traded day.
The advisor trades with little risk to the account balance.
It’s completely weird to place 99-929 pips Stop Losses. If something goes wrong and EA doesn’t close a deal, it will simply halve the account.
As we can see, profitability went down significantly.
Pricing & Refund
There are three packages. The single license pack costs $199 and allows trading on one real and one demo account. The full license pack costs $299, and there are two real and demo accounts. These packages have support only via email. The unlimited license pack costs $999 and includes Skype support. All of them have a 60-day money-back guarantee.
The company has a page on Forex Peace Army with a single comment. The main trading account is connected to the page.
As we can see, the developers do not allow traders to change the account number without paying ‘again’, and there’s no refund policy.