The Comeback Kid EA promises to make estimated profits of 3-5% monthly for users on default conservative risk settings. The system is not fully automated, so you can customize its features to improve your outcomes. As per the vendor, the EA’s default settings are designed to work with low risks on every position to ensure the drawdown remains low.
The cost of acquiring this EA is set at $497. A 30-day money-back guarantee is also available. The system was developed by Ryan Brown, the owner of the Responsible Forex Trading site. He says that he has been trading in the Forex market for almost 20 years now and has created other3 trading tools. They include Ranger EA, Vigorous EA, and Powerhouse EA.
Find the major features of the robot below:
- It works on these currency pairs; XAUUSD, EURUSD, USDCAD, GBPUSD, USDJPY, AUDUSD, and USDCHF
- The EA has flexible settings to meet the needs of any trader.
- The minimum recommended leverage is 50:1, while the minimum trading balance is $3k.
- It includes money management techniques.
- It can be utilized as a fully functioning EA, a trade manager, or both.
- It’s compatible with both the MT4 and MT5 accounts.
The Comeback Kid EA trading approach
The trading bot uses an averaging-in flex-grid system that focuses on key S/R resistance points to recover losing trades. As per the vendor, the EA applies caution when taking grid positions. As such, it places grids of orders when it has determined that the price will move in your favor. A trend trading system is present to enable the robot to enter the market after the trend has a pullback. Bad/losing trades are recovered through the use of smart multi-order risk management.
The Comeback Kid EA backtesting results
Based on the above report, this EA conducted trades between January 2000 and September 2021. During this period, a total of 1548 trades were completed using the AUDUSD currency pair.
The short trades and long trades had win rates of 69.09% and 71.34%, respectively. As a consequence, a total net profit of $2587.02 was realized, which was significantly lower than the deposit amount ($3000). This is unsettling. The system failed to break even despite trading on a 21-year data period. The positive thing is that the drawdown level (12.87%) remained low throughout. As such, risky trading wasn’t involved.
The Comeback Kid EA live trading results
As you can see above, the system has worked with a deposit of $30674.36 to generate a total income of $13171.08 for the user within 10 months of trading live. The daily and monthly profit rates are 0.14% and 4.32%, respectively. The drawdown level is 17.71%. As a consequence, we have a poor risk/reward ratio of 4:1. To date, the account’s overall growth rate stands at 53.31%, which is not bad.
A total of 1520 trades have been implemented on the account, but they have an average profitability rate of 65%. The pips won are 15,829.8, whereas the traded lots are 228.28. So far, $866.78 has been paid out in commissions, thus reducing the user’s income. The EA loses more than it wins. That’s why it has an average loss of -178.29 pips, which is significantly higher than the average win (110.27 pips).
January is the only unprofitable month this year so far. March was a lucrative period for the account as the EA generated profits amounting to 11.49% at the time.
The system works with different lot sizes and makes small amounts of profits from each order. Short time frames are applied.
What are the risks with The Comeback Kid EA?
The Comeback Kid EA is relatively a safe system, given that it has kept the drawdown below 20% after trading live for nearly a year.
The vendor of this EA has a positive rating of 4.6/5 on Trustpilot. Traders are pretty much impressed by his products. We managed to find a handful of reviews relating to the Comeback Kid EA. The users are saying that the system is good, thanks to the constant improvements the vendor conducts on it.
What are the pros and cons of investing in The Comeback Kid EA?
|Positive customer feedback||Poor risk/reward ratio|
|Money management techniques are applied|
The trading stats prove that the Comeback Kid EA can truly earn you an average monthly profit of 3-5%, as claimed by the vendor. We have also confirmed that it works with a low drawdown. However, the product is costly, and to a large extent, the losses it makes are much higher than the profits. So, you may end up with a poor risk/reward ratio.