Champion EA Review

Jan 12, 2022 10:15 AM ET
Champion EA Review

Champion EA works on 5 currency pairs simultaneously. As per the author, Evgenii Aksenov, the ATS has completed many months of real account trading successfully. The robot provides safe trading with high returns with the help of its drawdown limiting function and a time filter.

Evegenii Aksenov is based in Russia and has three years of experience in Forex. He has developed 43 FX tools and 22 signals. He provides an email address and the DM feature on the MQL5 site for contacting him about any queries and concerns regarding the EA.  His other EAs include Index Scalper Pro, Gold Eagle, Batman Midnigh Hunter, and more.

Champion EA

Type

Fully-automated EA

Price

$799

Strategy

N/A

Compatible Platforms

MT4 or MT5

Currency Pairs

AUDCAD, NZDCAD, EURCAD, GBPCAD, AUDNZD

Timeframe

H1

Recommended Min. Deposit

$100 

Recommended Deposit

N/A

Leverage

N/A

Trading strategy explanation

From what the author has stated on the sales page, this FX EA operates on identifying the optimal entry or exit points. It has generated high income on testing with real quotes for many months. The developer claims that considerable skills in trading and programming have gone into the creation of the software. Various defending functions are integrated into the professional advisor. The news filter feature prevents you from making random deals during unpredictable conditions.  There is no further info on the approach used and the author states that the approach is not revealed to restrict the number of users. 

Some of the important features that the vendor highlights for this EA are:

  • It uses an Infinity dashboard that provides all info on your account, profit/loss ratio, free margin amount, and more.

  • It scrutinizes the price of every candle and the dynamic deviation in the quotes and makes a decision when candle closure occurs.

  • It works on the AUDCAD, EURCAD, AUDNZD, GBPCAD, and NZDCAD pairs.

  • A single chart is appropriate to trade all the currency pairs. 

  • The software is convenient to use and does not need extra set files or optimization.

  • In-built profit ratio and drawdown restrictive features.

Backtest data analysis

Backtesting report of Champion EA.

A backtesting report is present on the MQL5 site for this FX EA as shown above. We find that the stats do not reveal much info on the backtesting. From the available stats, we can see a modeling quality of 98% was used for the test that began with a deposit of 1000. A total net profit of 68,632,681.47 was generated with a profit factor of 1.69. The recovery factor was 4.41 and the total number of trades completed was 13685. Since the backtest does not reveal info like the currency pairs, the duration of the test, profitability, drawdown, etc. we cannot provide a proper analysis of its efficacy.

Live trading data analysis

Trading results

MQL5 Account

Real (USD), Tickmill

Started

October 01, 2021

Deposit

$3768

Balance

$1028.02

Gain

58.62%

Daily

N/A

Monthly

3.68%

Drawdown

21.1%

Profitability

77.88%

A live signal is present for the FX EA on the MQL5 site. Here is a screenshot of the results.

Live trading stats of Champion EA.

From the available stats, we can see an account growth of 58.62% and a profit of 768.02 USD for a deposit of $3768. For the account that started in October 2021, a total of 199 trades have been completed with 77.88% profitability and a profit factor of 2.06. The maximum drawdown of 21.1% is present. While the profits look decent, nearly 805 of the growth has occurred in 1 day which denotes a risky approach. Further, the drawdown while not very high is still of concern, as it shows a certain level of risk.  

Pricing

Pricing package of Champion EA.

To buy this FX EA, you need to pay $799, which is a discounted rate. The original price was $9999. The developer does not provide info on the features available with the package. A rental option is present which provides the EA for a 6-month rental that costs $499. There is no money-back assurance present which raises suspicion on the reliability of the system. When compared to other similar products in the market, this EA is exorbitantly priced.

Review summary

Pros

  • It is a fully automated system

  • Can work on multiple pairs simultaneously

Cons

  • No live verified results

  • The strategy used is not revealed

  • No refund offers

Champion EA assures a very low drawdown of less than 10% with its smart trading software. In our assessment of the various characteristics of the FX robot, we find the system has some beneficial points and downsides. On the plus side, a live signal and backtesting report are present for proving the efficacy of the system. The lack of a detailed backtesting report, risky approach in the real trading results, the suspicious and sudden growth of the account, lack of support are important downsides of this EA you should consider.

Rating: 5/10


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