EA Super 8 Review

Oct 19, 2021 08:25 AM ET
EA Super 8 Review

EA Super 8 is another trading advisor that was published on the MQL5 market. Visitors have downloaded the system 591 times. We have a current version - 3.1. The update occurred on October 6, 2021.

EA Super 8

Type

Expert Advisor

Price

$149

Strategy

Trend

Compatible Platforms

MT4/5

Currency Pairs

Any

Timeframe

N/A

Recommended Min. Deposit

$100

Recommended Deposit

N/A

Leverage

N/A

Trade length

54 minutes

Trading strategy explanation

The robot has quite a short presentation that tries to convince us that the system is good to go. For making a wise decision we have united all features, explanations, and settings in the following list. 

  • The robot can work fully automatically on the MT4 or MT5 terminal.

  • There are 3 copies left for a $249 price. 

  • The ultimate price will be $449. 

  • The recommended settings are crucial for the system to work well. 

  • It was designed to execute aggressive trading. 

  • The system has received a new method to spot the best entry points in the direction of an ongoing trend.

  • It works with minimum profits and low drawdowns as well. 

  • The balance should be $100. 

  • The account should be withdrawn for profits on a daily basis. 

  • If we lose an account we have to deposit it at $100 and start everything once again. It’s a weird statement. 

Backtest data analysis

Backtest report.

The system was tested on NZDUSD on the lowest possible time frame - M1. The data period was from 2013 to 2021. It worked with fixed lot sizes - 0.01. The modeling quality was 99.90% and 5-pips spreads. An initial deposit was $100. It has become $97,121 of the total net profit. The profit factor was 1.80. The maximum drawdown was quite high - 28.90%. The accuracy rate was 70% in both directions. 

Live trading data analysis

Trading Results

MQL5 Account

Real (USD), RoboForex

Started

October 12, 2021

Deposit

$1009

Balance

$1051

Gain

0.00%

Daily

N/A

Monthly

24.97%

Drawdown

0%

Profitability

2.82

 

Live trading results.

We’ve got a real USD account on RoboForex with 1:500 leverage. The win rate is 73.4%. An initial deposit was $1,009.13. The withdrawal was $193. 

Trading statistics.

An average trade frequency is 94 orders weekly. The account was created on October 12, 2021. An average trade length is 54 minutes. 

Growth chart.

We may note that the robot works with downs and it takes time to recover. 

Closed orders.

The advisor uses aggressive Martingale to be profitable and make more money. 

Trading statistics.

The robot has closed 124 orders. The best trade is $111.34 when the worst trade is -$16.83. The recovery factor is 3.29 when the profit factor is 2.82. 

Currency pairs the EA trades on.

The system works with GBPUSD and EURUSD only on the Sell discretion. It trades Bitcoin as well. 

The company

The dev’s profile on MQL5.

Vitali Vasilenka is from Belarus who has a 16,871 rating. It’s a number from the middle of the pack. There are 16 products in the portfolio. His products have a 4.4 rating based on 370 reviews. 

Pricing

The system is available for $149 for a lifelong license. There are neither rental options nor refunds provided. We can download a copy of the system for demo usage. 

Review summary

Pros

  • Backtest reports provided 
  • Trading results shown
  • Affordable pricing

Cons

  • No risk advice given 
  • No settings explanations provided 
  • The system works with Martingale

EA Super 8 is a several days old trading solution. It works with a trend strategy on the real account. The system uses quite an aggressive Martingale to make profits. It can set clients’ accounts at high risk. Thus, we do not recommend this system. 

Rating: 3/10


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