Darwin Evolution is available for long-term trading on multiple currency pairs. The algorithm is said to maintain the drawdown while trading the market in long and short directions. Traders can use it with a minimum deposit of $200 with minimum leverage of 1:30. We will cover all the necessary pros and cons of the system to see if it can be profitable for us in the long term.
Is investing in Darwin Evolution a good decision?
Darwin trading robot does not have live records for an extensive duration. Therefore we cannot say that it is wise to invest in the system as of now.
Guillaume Duportal is the author of the EA who resides in the United Arab Emirates and has a total rating of 5 for 21 reviews.
The developer has two products published on the MQL5 marketplace and has ten subscribers for his services. The MQL5 website dictates that the author has a total trading experience of 3 years, but we cannot verify it as there are no certificates or links to the live records with the specified duration.
The robot comes with the following main features:
- It can work with a minimum deposit of $200
- It provides risk management system with drawdown control
- The robot can trade on multiple currency pairs
To install the EA, use the following steps:
- Purchase the system from the developer at the MQL 5 marketplace
- Login to your MT4/5 account at the platform
- Download the robot
- Attach the EA to charts to start trading
The developer states that the EA trades on one total of 28 currency pairs simultaneously and does not need any further optimizations. It does not scalp the markets and can stay dormant for an extensive duration, waiting for the trading opportunity.
From the history of the MQL5 records, we can observe grid strategies without the use of proper stop loss. The algorithm closes trades on an average of 24 hours and trades rarely.
The robot is available for an asking price of $999. There are also options to rent it for 1 year at $690. MQL5 marketplace does not allow any money-back guarantee as per their terms and conditions.
Backtesting results are available for unknown assets and time frames where the relative drawdown was around 2.64%.
The winning rate was 89.12%, with a profit factor of about 7.77. The test was done with an unknown value of starting balance, where the robot tanked a profit of $25930.74.
There were 285 trades in total in which the best trade was $774.63, while the worst one was -$392.68.
Verified trading records are available on MQL 5. We have a performance from September 04 2021, till the current date. The system made an average monthly gain of 1% during the period, with a drawdown of 5.8%.
The winning rate stood at 93.3%, with a profit factor of 5.38. The best trade was €85, while the worst was -€52.18 in 15 trades.
General customer reviews are available on the MQL5 marketplace, which gives the robot a total rating of 5 for thirty feedbacks. One of the investors states that the current result of the EA is ok, but there is a floating loss on the trades.
Darwin Evolution trading robot rarely trades on the markets and has live records for a short duration. The developer has withdrawn a major portion of the balance from the live account and is now using smaller lot sizes to trade. There are no detailed backtesting records available on the website.
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