Adaptive EA is an automated trading advisor that works on the MT4 platform. There are multiple settings within the system’s code that can be tweaked according to the traders’ liking. The algorithm uses a neural network to learn as it trades.
Svetlana Visnepolchi is the author of the EA who resides in the United States. The author has 2 products published in the MQL 5 marketplace with 1 signal. She is selling an Adaptive robot for an asking price of $185. As per the rules of the MQL 5 website, there is no money-back guarantee.
Traders can get in touch with her by sending her a message through the website.
The features of Adaptive EA are listed below:
- Multiple settings can be tweaked.
- The robot operates on the MT4 platform.
- It can trade any Forex pairs, crypto, and other instruments.
- There is an inbuilt spread filter to avoid trading during unfavourable conditions.
- Custom restriction on buy/sell orders.
Adaptive EA trading approach
The author states that the robot can trade on multiple currency pairs and is self-learning. For the algorithm to properly trade, investors will have to backtest it twice on the MT4 platform.
The history on Myfxbook records shows that the EA uses aggressive grid and martingale strategies. The pip step and lot multiplication are random for different instruments. With an average trade duration of 3 days, we can state that it is a swing trader. There is no fixed stop loss or take profit attached with trades, and positions are closed virtually.
The backtesting results are not provided by the developers, which is quite unprofessional. The industry, like trading, requires statistical proof for building customers’ trust. The lack of proper statistics raises many concerns about the product’s authenticity.
Adaptive EA live trading results
The live records of Myfxbook show the records from September 2021 till Nov 2021, according to which the robot has earned -2.99% daily revenue, whereas the total drawdown is 99.96%. It shows that the algorithm has reached a margin call while trading. The robot has contributed to 320 total trades where the average win is $30.61, and the average loss is $39.82.
Accordingly, the worst trade was held on 23 November 2021 at -$470.10, and the best trade was on 22 November 2021. Similarly, the profitability is 55% showing a 0.93 profit factor, and the average trade length is (3) three days.
What are the risks with Adaptive EA?
Adaptive EA has reached a margin call visible from the live records on Myfxbook. The algorithm has no backtesting records, which adds to the overall risk.
The reviews on MQL5 reflect the terrible experience of the Adaptive EA users. The customers have rated this system as 2.43 stars only. A trader has remarked it as a “scam” and suggested not to invest in this.
Another trader comments that the backtesting and live performances are totally different. The EA is a total fraud, and investors should not purchase it.
What are the pros and cons of investing in Adaptive EA?
|Totally automatic system||High drawdown|
|Trade on every currency pair or metals, oils.||Poor customer reviews|
|No money-back guarantee|
Adaptive EA does not have any recent live records, and there is no money-back guarantee. The reviews on MQL5 are also awful. The drawdown value is perilous and shows that the robot can liquidate our account.