Forex Robot ReviewsPassive Income

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

2 Mins read
5.2

XFXEA is available for MT4 and MT5 platforms and has 24/7 monthly support. The developer provides traders with 30 money-back guarantees. It trades on two currency pairs, i.e., EURUSD and AUDUSD. There is a user manual with the product to help traders with trading. We will go through each product detail in our article to provide traders with information on the purchase decision.

XFXEA company profile

XFXEA is produced by unknown developers who do not detail their experience and records. We fail to find any good information on their portfolio. This is a poor practice that raises concerns about their reputation.

The highlights of XFXEA

The algorithm has the following key features:

  • It is available for both MT4 and MT5
  • The developer provides free support 24/7
  • The robot trades two currency pairs
  • There is a user manual to help traders install the robot

The developer states that the robot trades on two currency pairs, i.e., AUDUSD and EURUSD. They state that it does not use the martingale strategy. The system recovers after a loss using the special principles. 

From the trading history on Myfxbook, we can see that it has an averaging approach for trades that go into a loss. There is a lot of multiplication in strategies that goes against developers’ claim. For example the increase in lot size when the position goes in the negative.

Trading history
Trading history

The developers are not keen to provide information on the minimum deposit the algorithm can work with. There is also no knowledge on the leverage.

Trading results with XFXEA 

Backtesting results are available for AUDUSD, where the relative drawdown was around 33.14%. The winning rate was 68.89%, with a profit factor of about 2.14. 

All the tests were done on the 60 minutes chart with a starting balance of 5000. The robot tanked an average profit of $240950.28 during this period. There were 974 trades in total, with the best trade was $18195.04, while the worst one was -$7053.85.

Backtesting records
Backtesting records

We have verified records on Myfxbook from September 18, 2018, till the current date. The system made an average monthly gain of 8.41%, with a drawdown of 53.37%. The stated drawdown is high regarding the monthly growth giving us a bad risk-reward ratio of 5:1. The winning rate stood at 65%, with a profit factor of 1.53. 

The best trade was $1615.05, while the worst was -$856.89. There were a total of 604 trades. 

Live records
Live records

XFXEA packages

The algorithm can be purchased for an asking price of $260. The license is available for 1 real account. If the product fails to show profits, traders also have a 30-day money-back guarantee. We find the price to be average in contrast with other grid systems in the market. 

Price
Price

Assistance

Customer support is available 24/7 with the use of the trading robot. Traders can contact the developers by filling out a form on the website. 

Other notes

Grid and Martingale systems can cause a high drawdown on the trading account. This is evident in the case of XFXEA, where the current downside is around 50%. 

Is XFXEA a reliable system?

If the market trends significantly in one direction without ranging, grid systems can be detrimental for a portfolio. As mentioned before, they can cause a high drawdown on the account.

XFXEA Summary

5.2
XFXEA is not clear on the use of lot multiplication. There is no information regarding the minimum balance and the experience of developers.
5.0

Performance statistics

2.0

Reviews from customers

5.0

Ease of use

6.0

Implemented strategies

8.0

Pricing

Pros

  • +30-day money-back guarantee

Cons

  • -Uses grid strategy
  • -Live records are on a cent account
  • -No transparency on developers
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