100% Monthly EA claims that it provides 100% monthly returns to traders. It employs technical signals for entering and exiting trades. The developer claims that this expert advisor is reliable and accurate and can help traders get “real jackpot” returns.
It has verified trading results to assure customers can make profits using this system. However, the robot uses risky trading strategies, including martingale. Plus, the vendor tells users on the top of the official website, “Don’t miss the final chance to make money fortune,” indicating a get-rich-quick scheme.
100% Monthly EA has an easy setup and procedure that involves only a few steps. You just have to download this Forex robot, then install and link it to your MetaTrader 4 account. The software allows you to earn unlimited profits with one installation. It does not require any trading knowledge so even beginners can use it.
100% Monthly EA allows you to trade in major and stable cross currency pairs. Nevertheless, the website does not have sufficient details about the vendor, team, and location of the company. Plus, there is no info about the registration. The vendor claims that he has created a unique system with his partner and they have over 10 years of trading experience.
You can get signals for $35 per month. This package comes with daily EA signals, accurate entry levels, signals for all trading sessions, trade modification updates, and profitable returns. You can also rent this EA for $79 per month. This package includes all the above things as well as automated trading and risk management, one-time setup, and MT4 and MT5 compatibility.
The third and last option is to buy this EA at $1399. This pack has all the above things with unlimited profits and a lifetime license. However, there is no information about the number of demo or real accounts we can use. Plus, there is no money-back guarantee.
100% Monthly EA Trading Approach
The website of 100% Monthly EA tells us that it:
- Carries out orders automatically with a high win rate
- Lets us trade without any Forex trading knowledge or experience
- Earns 100% or more monthly gains
- Is created by developers who have vast experience in Forex trading
- Has backtesting results of one year on different currency pairs
- Trades in seven currency pairs, including GBP/CAD, NZD/USD, NZD/CAD, GBP/USD, EUR/JPY, AUD/JPY, and EUR/USD
- Provides steady profits with one trading setup
- Has a multi-pattern trading approach
100% Monthly EA has a backtest report that is verified by Myfxbook. It began on January 2, 2020 and finished on April 16, 2021. A total of 11619 trades took place with $1000 as the initial deposit. The total net profit was $63,354,544.34 with a daily profit of 2.38% and a monthly profit of 102.53%. It won 7275 deals with a 63% win rate. The profit factor was 4.64 with a high drawdown of 19.97%.
100% Monthly EA Live Trading Results
100% Monthly EA has a live trading account that is verified by FX Blue. The trading history is 58 days, which is very short. It has won 66.3% trades with weekly returns at 17.5% and monthly returns at 97.1%. The account has a high risk/reward ratio of 7.65. Even though the results are favorable, we cannot trust the system in long market drawdown situations since the results are only for 58 days.
What are the Risks With 100% Monthly EA?
Some of the risks associated with 100% Monthly EA include:
- There is no information about the developers and physical address, which is quite suspicious.
- This system is not safe and reliable due to the lack of vendor transparency, trading strategy explanation, and refund policy.
- The total number of trades in the backtesting results of 15 months is quite high.
- There is no modeling quality and lot size mentioned.
- The risk to reward ratio is high.
100% Monthly EA has received three reviews on Forexpeacearmy. In these, two are positive and one is negative. All three reviews are published in 2021. One user says that they were not able to earn any profits. Since there are not many user testimonials, it shows that the system is not reputed.
What are the Pros & Cons of Investing in 100% Monthly EA?
|Fully automated system||No explanation about the trading strategy used|
|Verified live trading results||Short trading history|
|Verified backtest report||Lack of vendor transparency|
|No money-back guarantee|
100% Monthly EA has a short trading history, which makes us doubt this system. Even though it shows promising trading results, there is no information about the system’s developers and its trading strategy. Plus, there are very few user reviews. The backtesting and real account trading results do not match. Thus, the cons of this system exceed its pros, making it unreliable.
100% Monthly EA Conclusion
The claim of 100% Monthly EA of 100% monthly returns seems outright false since the average monthly profits range from 3% to 12% when trading with medium risks. This means with 100% returns, the account can be lost in a few days with huge losses in many deals.
Moreover, there is not much information about this system and its developers. The trading results are of only 58 days and show that the win rate and profit factor are pretty low. Moreover, the price is high and there is no money-back guarantee. This is why we do not trust this system as of yet.