EA Thomas Review: Is it a Good EA to Buy In 2022?

EA Thomas analyzes 5 different entry points simultaneously on different timeframes to choose an accurate entry point. It employs a unique algorithm that comprises 5 different trading advisors.  As per the developer, this expert advisor can work in two modes namely the conservative mode and the aggrieve mode. It is a fully automated system working on the MT4 or MT5 platform. 

Vitali Vasilenka is the author of this FX EA. The author is based in Belarus and is the Metaverse creator at EA Quantum Lab. For support, a phone number, links to Telegram Channel and Telegram Chat, Whatsapp, LinkedIn, Facebook, and Twitter are present. 

To buy this FX EA, you need to shell out $49. The price is for the first 25 buyers and will increase to 199$ and the final price will be $499 as per the author. We could not find info on the features available with the package. There is no money-back guarantee which raises doubts about the reliability of the product. When compared to the market average, the discounted price is affordable but the final price of $499 is expensive.

Key features

Some of the key features of the FX robot that make it competitive as per the author are:

• It is 100% automated and is easy to install and use.
• The FX EA works best on the XAUUSD pair.
• The minimum balance for trading on a single currency pair is $500.
• Slippage of a maximum of 5 points and a minimum spread of a maximum of 30 pips are allowed.
• The author mentions using the recommended settings only for achieving the best results.
• A timeframe of H1 is used by the FX EA.

EA Thomas trading approach

The strategy used is a combination of the 5 strategies namely trend direction detection, trend reversal, flat definition, HFT systems order management, and determining the trade volume. With the help of the different strategies, the FX robot evaluated five different entry points and chooses one from the top 5 to open in the market.

Backtesting results

A backtesting report is present for the FX EA on the MQL5 site. The test was done on the XAUUSD pair using the M5 timeframe and from 2019 to 2022 is shown below:

From the above backtesting stats, we can see that an initial deposit of $100 generated a total net profit of $16565611. A total of 89682 trades were executed with a profit factor of 1.41 and profitability of 96.44%. The drawdown for the account was 6.95%. From the results, it is clear that the profits were high and drawdown was low denoting a low-risk and effective approach.

EA Thomas live trading results

A live real USD account for the FX EA is present on the MQL5 site. The account uses the RoboForex broker and the leverage of 1:500 on the MT5 terminal. Here is a screenshot of the trading result:

From the above stats, we can see the account was started on May 12, 2022, with a deposit of $1000. The profit is $643.92 and a 64.39% growth is present with profitability of 68.8%. A maximum drawdown of 38.7% is shown for a total of 353 trades. The profit factor is 1.94. From the results, we can see the backtesting and real trading results do not concur. The drawdown is higher in real trading indicating a risky approach. Further, the account is newly opened making the results random. The high growth in such a short span also shows high risk.

What are the risks with EA Thomas?

If you are interested in buying this EA here are the main factors that influence the reliability of the system:

• The pricing is expensive 
• There is no money-back guarantee making us doubt the reliability of the system
• Real trading results show high drawdown indicating a risky approach

Worth Noting!

We found 23 reviews for the FX EA on the MQL5 site with a rating of 4.78/5. Unfortunately, we could not find user feedback on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. to back up the positive reviews found on the promoter site. 

What are the pros & cons of investing in EA Thomas?