FXSecret Immortal Review: Is It a Good EA to Buy In 2022?

FXSecret Immortal is a Forex expert advisor that promises high profitability and low drawdown. It uses multiple strategies and is supported by verified trading statistics posted on independent third-party websites. 

The developer has made a crisp presentation on the official website, telling us what the system is about and what it offers. They have shared the development history of the robot, mentioning the various changes that were made. 

The parent company behind this EA is known as FXSecret. It was officially founded in 2012, but the team began developing robots in 2009. The vendor claims that the team has ample experience in the finance industry. However, they have not revealed the identities of the team members. Also, we don’t know where this company is based.

The developer has not specified the most suitable timeframe for this robot. Also, we don’t know how much money you need to get started. There is no information related to the minimum leverage either. At $549 and a 30-days refund, this is not the cheapest EA. 

Key features 

This is a system that only trades in the EUR/USD. FxSecret Immortal is an amalgamation of three distinct systems that, according to the vendor, are reliable and profitable. You can use the three strategies simultaneously from a single account. From the settings, you can decide whether to use all three systems or a certain number of them. You can also specify the risk level and the EA will automatically compute the stop loss levels and lot sizes using that information.

FXSecret Immortal trading approach 

Unfortunately, the developer has not provided a proper explanation for the trading strategy. We don’t know which indicators this system uses, if any. At this moment, it is unclear how the EA manages to spot profitable trading opportunities. 

Backtesting results 

EA vendors often test their systems using historical data. These tests are conducted using several years’ worth of market data. As such, by analyzing the results, you can get an idea about the long-term performance of the robot. There are no backtesting results available for FXSecret Immortal. As such, we cannot compare them with the live results to get a better idea about the profitability.

FXSecret Immortal live trading results 

Here we have a live trading account on Myfxbook that was launched on May 27, 2013. Since that time, the EA has conducted 3334 trades through this account. It currently has a win rate of 57%, which is not that high compared to other EAs. The profit factor of 1.16 is not that impressive and the daily and monthly gains are quite modest at 0.15% and 4.58%, respectively.

This account has a very high drawdown of 65.84%. This tells us that the EA has been following a risky trading strategy. The account has a time-weighted return of +13,062.09% and the total profit currently stands at $69,584.54.

From the live trading results, we can see that the EA does not trade every day. For the last 20 trades, it has used a lot size of 0.13-0.34. It is also evident that the EA is prone to losing consecutive trades. The the average win and loss are 40.84 pips/$258.48 and -51.30 pips/-$296.67, respectively.

What are the risks with FXSecret Immortal?

First of all, there is little or no information on the parent company behind this expert advisor. The developer has not clearly explained the trading strategy. Also, the robot trades with a high level of drawdown, leaving your account exposed to losses.

Worth noting!

At this moment, there are no user reviews for this expert advisor on third-party websites like Myfxbook, Trustpilot, Forex Peace Army, or Quora. This tells us that not many people are currently using this EA for conducting live trades.

What are the pros & cons of investing in FXSecret Immortal?

As you can see, the cons outweigh the pros when it comes to this EA.