Forex Robot ReviewsPassive Income

Forex Enigma Review: Is It Wise to Hand Your Trading Over to This EA?

2 Mins read
4.4

Forex Enigma is a Forex-related trading solution that could help us with making money automatically on the MT4 terminal. The presentation doesn’t look trustworthy. We have no claims about how great this robot is. 

Forex Enigma company profile

There is no company behind this service. So, if something happens, we have nobody to ask for advice or help. 

The highlights of Forex Enigma

The presentation has a few explanations about how the system works and what we have to expect from it. 

  • The system works automatically for everyone who will purchase it. 
  • Trading is allowed on MT4. 
  • We can work with several strategies at once: Scalping, Trend, and a Grid of orders. 
  • It allows us to customize what hours we would like to trade. 
  • The advisor opens orders on EURCHF, USDCAD, AUDCAD, AUDUSD, EURUSD, GBPUSD, and EURGBP. 
  • The time frame should be chosen H1. 
  • We may use any broker house we want. 
  • The system has “market leader innovations” implemented. 
  • Profits will be stable. 
  • Our balance should be not less than $1000. 
  • The leverage may start from 1:100.

Trading results with Forex Enigma

Forex Enigma backtests
Forex Enigma backtests

We have a backtest report of EURCHF on H1. The devs choose a period of data 2020-2021 from IC Markets. The modeling quality was 99.90% with variable spreads. It means they matched market conditions. An initial deposit was $1000. It became $313.95 of the final profit. The profit factor was 2.42. The maximum drawdown was 16.90%. There were 493 orders traded. The win rate was 75% for shorts and 80% for longs. 

Forex Enigma trading results
Forex Enigma trading results

The advisor ran a real USD account. The total balance was $5224. The floating loss was high – $1499.58. The closed profit was $224.15. The margin level was 2025.3%. 

Forex Enigma statistics
Forex Enigma statistics

The total return was 4.5%. There’s 80% accuracy. The profit factor was 5.94. An average trade frequency was 1.4. 

Forex Enigma risks
Forex Enigma risks

The risk to reward ratio was 19.18. An average trade length was 18.3 hours. The risk of ruins was zero. An average win result was $5.62 when an average loss was $3.78. 

Forex Enigma directions
Forex Enigma directions

The advisor prefered trading the sell direction (57 orders) over the buy one (3).

Forex Enigma magic number
Forex Enigma magic number

The advisor worked with only one magic number. 

Forex Enigma daily activities
Forex Enigma daily activities

Thursday was the most traded day with 15 orders and $17.09 of the profits. 

Forex Enigma hourly activities
Forex Enigma hourly activities

It traded European and American trading sessions. 

Forex Enigma monthly activities
Forex Enigma monthly activities

It didn’t open any order in November or December 2021. 

Forex Enigma closed orders
Forex Enigma closed orders

The system worked with Grids of many orders. 

Forex Enigma packages

Forex Enigma package
Forex Enigma package
Forex Enigma pricing details
Forex Enigma pricing details

The devs decided to split the pack based on licenses they include. We have three packs on the board: Basic, Standard, and Professional. The basic pack can be purchased for $149. There’s a real account license. The second pack is available for $199 for two real account licenses. The professional pack costs $249 for three licenses. There are available features: an unlimited number of demo accounts, automated trading, updates, and upgrades. The devs provide us with 30-day refunds.

Assistance

We don’t know if the system is delivered with relevant support. It’s an important part of every advisor because customizing it isn’t a simple task. 

Other notes

Forex Enigma’s page on FPA
Forex Enigma’s page on FPA

There’s  a page of the advisor on Forex Peace Army created. We have no testimonials written but one blown account connected. 

Is Forex Enigma a profitable bet in 2022?

We aren’t sure about this because we have seen many accounts during a year or so where the robot worked. 

Forex Enigma Summary

4.4
Forex Enigma is a trading advisor that works with a Grid of orders and always sits in huge and long-term drawdowns. It’s a high risk to the balance. We don’t know if the devs mind updating it. Now, the system isn’t trustworthy.
5.0

Performance statistics

1.0

Reviews from customers

4.0

Ease of use

4.0

Implemented strategies

8.0

Pricing

Pros

  • +Trading results provided
  • +Affordable pricing

Cons

  • -No risk advice given
  • -No settings explanations provided
  • -The system traded with risky strategies and deep drawdowns
  • -No testimonials written
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