Dynamic EA uses one of the usual risky strategies, grid or martingale, which the developers hide in their performance records on Myfxbook. The customer reviews indicate that you should stay away from the robot and invest your capital elsewhere.
Is FX Dynamic EA a good robot to invest in?
We have analyzed the performance of the algorithm and other information presented by Celestial Trading Tools. For robots that follow a similar trading strategy, Dynamic EA does not offer a convincing outcome. Most of the results are hidden, and there is not enough transparency on the system or the developer to consider it a safe investment.
Company Profile
The robot is manufactured by Celestial Trading Tools. The company does not provide any information about its whereabouts nor give the names of developers. It raises some red flags over the authenticity of the product.
Main Features
Dynamic EA has the following features for traders:
- The robot offers the ability to trade 24/5 and the opportunity to compound your profits.
- Dynamic development and performance
- Built-in money and risk management
- Easy setup and no customization is needed
- Dedicated customer support is available through email and social media
Strategy Explanation
The robot trades on the possibility of the breakout and continuation and identifying the market trend. It works on five currency pairs, i.e., EURJPY, EURUSD, USDCHF, NZDUSD, and GBPUSD. The developer does not provide any other information on the strategy. From the difference in balance and equity curve on Myfxbook, we can deduce that the robot uses some risky strategies such as grid or martingale. The average trade duration of 19h 11m indicates a day trading approach.
Price
The website has conflicting information on the price of the trading robot. In one place, it mentions contacting the providers to realize the costs while on the other they say subscription charges of 15 Euros with a minimum deposit of 1200 Euros.
Trading Results
Verified trading results on Myfxbook indicate the robot’s performance from August 25, 2020, to the present date.
Over time the algorithm made a 66.14% gain with a monthly output of 5.60% and a drawdown of 9.28%. The daily drawdown values are averaging around 5%. Considering this value and the monthly results, the performance of the bot is below average. There are systems that can produce much better results with much similar equity drop levels. Dynamic EA put 1009 trades with a 62% win rate and profit factor of 2.04.
There are no backtesting results that we can use to analyze and predict the robot’s performance under different stressful conditions. By contrasting backtest and live results, it is possible to determine how the market conditions such as slippage and liquidity affect the bot’s performance
The developer has locked the trading history which shows that he is trying to hide something. Lack of transparency shows that he does not want traders to observe if there are potential drawbacks in the system. We can not see if each trade has a stop loss or a take profit attached which is crucial to determine the risks. It raises huge concerns whether we should buy the robot or not.
Customer Reviews
Customer reviews are available on TrustPilot, which indicates that the company is a big scam. Reviewers write that the devs are the usual scammers in the market, losing all of their hard-earned money. The only thing they care about is the subscription fees. For a total of 141 reviews, the system has a rating of 2.2.
There is a general discussion on Forex Peace Army as well, where people complain about having numerous problems with the company. The company is about to enter the scam alert section.
Summing Up
According to reviews on noted platforms, the robot shows below average results on Myfxbook and has severe concerns from customers. So being on the careful side and protecting your trading capital, everyone should stay away from the trading system.
