Kapola Trader EA claims to be a winning Forex expert advisor operating in autopilot mode. It is a fully automated trading system that, as per vendor claims, is the new way of profiting from the Forex market. On the official website, the developer has made some tall claims about this trading system, including the fact that it outperforms the market consistently. We have a brief description of how the EA functions, along with the live trading statistics and the pricing details.
There is no information on the parent company behind this expert advisor. We don’t know when it was founded and the developer has not revealed the identities of the team members. Also, it is unknown whether this company has built other expert advisors in the past. Since there is no contact information provided on the website, the only way to get in touch with the support team is through the contact form.
This robot trades in currency pairs like NZD/USD, USD/JPY, AUD/USD, GBP/USD, and EUR/USD. The developer recommends loading the EA on M15 charts. There are no complex charts to read, no complex analysis to perform, and no signals to monitor with this system. All you need is a trading account and a computer with a strong internet connection. There are three pricing plans for this EA, namely Bronze, Silver, and Gold. You can buy these plans for $99, $149, and $249, respectively. There is a 30-day money-back guarantee for all plans.
Kapola Trader EA trading approach
The EA is based on indicators like Commodity Channel Index (CCI), Bollinger Bands, and others. For placing appropriate long and short trades, the robot uses Bollinger Bands. To determine the precise entry points, it monitors the current market price data. For maximizing profit, it sometimes chooses several entry points. The EA uses moving average and CCI for making exits. Moving average serves the purpose of determining the exit point, while CCI acts as a confirmation for exits. For securing its profits, the robot uses trailing stops.
Unfortunately, the vendor has not shared the backtesting results for this expert advisor. As such, we have no idea about its long-term performance. Also, we cannot compare the historical performance with the live results to get a clearer idea about the robot’s profitability.
Kapola Trader EA live trading results
Here we have a live trading account on Myfxbook that was launched on January 25, 2022. Thus, we can say that the EA has not spent too much time in the live market, which means it hasn’t been exposed to different market conditions. After conducting 1181 trades, the win rate stands at 74% and the total profit is $4942.92. The daily and monthly profits are 2.26% and 93.96% respectively, while the drawdown is 26.15%. This account has a profit factor of 2.91.
Looking at the trading results of this expert advisor, we can see that it trades with a fixed lot size of 0.03. It places a large number of trades on a daily basis, generating small profits from each. The average win and loss are 15.12 pips/$8.63 and -27.86 pips/-$8.36, respectively.
What are the risks with Kapola Trader EA?
Here are the trading risks for this robot:
- We know very little about the developer behind this EA.
- They haven’t shared any official contact information.
- The live trading account has a very short trading history.
- There are no historical test results for the EA .
Looking at all the shortcomings, we have to say that Kapola Trader EA is not a safe and reliable trading system.
According to the vendor, the company offers 24/7 customer support for all users. Since there is no contact information or live chat feature, you only have the contact form to get in touch with the support team.
What are the pros & cons of investing in Kapola Trader EA?
|Verified trading statistics||Lack of vendor transparency|
|Short trading history|
|No backtesting results|
As you can see, there are too many negatives for this expert advisor.
Kapola Trader EA Conclusion
Kapola Trader EA has a very short trading history. We don’t know much about the developer as there is no background information. The vendor has not shared the historical test results for this system, however, the pricing plans are quite affordable.