100% Monthly EA is a weird advisor that as we can see from the name suggests we get 100% of the monthly profits. We’re welcomed by the claim “Don’t Miss the final chance to make money fortune.”
We never like when developers push potential clients to buy the service or robot ASAP. There’s a common story about everything good against everything bad. The devs try to convince us that a miracle will happen when we buy their EA.
Is Investing in 100% Monthly EA a Good Decision?
We don’t think so, because an average monthly profit can be from 3% to 12% trading with medium risks. Their claim of 100% monthly return is a fake. If the system makes 100%, it can easily lose an account in several days after closing several deals with huge losses.
There’s no information about the company behind. We couldn’t find any information about their registration. It looks suspicious. If the system can double an account, so what’s the reason to sell the advisor? There’s something wrong.
The presentation has few information about how the advisor works and what we should expect from it:
100% Monthly EA was designed to execute orders automatically.
It allows us to start trading without previous Forex-related experience.
An expected monthly gain can be 100% or higher.
The developers who created the robot have solid experience in trading on Forex.
The backtest report was performed on a year tick data.
It can execute orders with a high win rate.
The robot works with eight currency pairs.
The single trading setup can provide stable profits.
The advisor executes orders on the major cross pairs because of low spreads.
The system has a multi-pattern trading approach.
The offer is introduced in three packages: Signals, Renting EA, and Buying EA. The subscription for signals costs $35 monthly. The pack includes daily signals with accurate entry levels, trade modification updates. The EA rental subscription costs $79 monthly. We can expect the package has automated trading, automated trade, and risk management, obtaining both versions MT4 and MT5. The third package costs $1399 for a lifetime license. The pack has the same features as the rental option. The developers don’t provide rental options.
Verified Trading Results
The presentation includes a myfxbook-verified backtest report. The backtesting started on January 02, 2020 and ended on April 16, 2021. The absolute gain was 6,34M%. An average monthly gain was 102.53%. The maximum drawdown was 19.97%. A deposit was $1000. The total net profit was $63,355,544. The 100% Monthly EA has traded 11619 deals with 24,665 pips. An average win was 4.14 pips when an average loss was -1.26 pips. The win rate was 62-63%. An average trade length was 11 minutes. The Profit Factor was 4.64.
Thursday (2495 deals) was the most traded day.
The robot traded with low risks to the account balance.
As you could see, the profitability went down.
There’s a real USD account verified by fxblue. It was created on April 15, 2021, and deposited at $2000. The closed profit is $4,520. The floating profit/loss is -$104.91.
The total return is 199.2%. An average monthly return is 216.1%. It looks like a miscalculation. The maximum drawdown is quite deep – 12.7%. The win rate is high – 80.3%. The profit factor is 2.39. An average trade frequency is 12.4 deals a day. It’s a good trading frequency. The system is online for 28 days. From the chart, we can note that EURUSD is the most traded symbol (30.5%).
The Risk to Reward ratio is 6.52. The risk of ruining the account is 0.3%. An average trade length is 25.0 hours. The average result is $13.03. An average win is 27.92 when an average loss is -47.67.
The robot executes deals on eight currency pairs. EURUSD is the most frequently traded pair – 106 deals, but with 1.18 of the profit factor. The most profitable is GBPCAD, with $1,572.68.
The robot opens trades on the Sell direction twice more often than on the Buy direction.
The system has three different strategies behind the robot. The pre-last one has a fewer than 1 profit factor.
Monday is the less profitable day when Tuesday is the most profitable one.
The robot focuses on trading during the European trading hours and scalping the Asian market opening.
The system is so young to be convinced that it’s good on a year range.
In the first week the profit factor decreased from 11.77 to 2.65 in the last one.
There’s a page of 100% monthly EA on the Forex Peace Army. Its last update was on April 29, 2021.
There are two reviews on FPA.
There is one negative and one positive testimonial. The negative one has one like in addition. So, someone couldn’t manage to make profits with it.
Strategy – score (2/10)
Functionality & Features – score (2/10)
Trading Results – score (5/10)
Reliability – score (3/10)
Pricing – score (6/10)
100% Monthly EA looks like a scary advisor. We know absolutely nothing about it. The robot works on a low-deposited account. So, if something goes wrong, there’s not much to lose for the developers. At the same time, the robot is so young to be sure this miracle can be a year or two years long. We have to check its trading results and hurry nowhere.