Omega Trend Indicator Review

Jun 9, 2020 09:23 AM ET
Omega Trend Indicator Review

Omega Trend EA is an indicator based forex expert advisor that is marketed and produced by the Fxautomater team. The EA is built on top of 4 fundamental strategies which include early movers, market break detection, scalping, and upper and lower volatility. The indicator is run by Lachezar Krastev, who is the head of the fxautomater team, which has been responsible for many successful EAs including Forex diamond, Forex Gold investor, etc.

The Omega Trend EA is available for $77 and comes with one real account, 3 demo accounts and a 60-Day Money-Back Guarantee. 

Omega Trend EA 


Fully-automated EA





Compatible Platforms

MT4, MT5

Currency Pairs




Recommended Min. Deposit


Recommended Deposit




Trading Strategy

According to the website, Omega Trend Indicator combines four strategic elements to create a unique trading strategy. The four strategic elements are described in brief below.

  • Upper and Lower Volatility Estimates: The Omega Indicator assists traders in understanding how to operate within any current trend, using the analysis on upper and lower limits of the market share. 

  • Early Movers Earn Returns: According to this strategic element, the EA utilises a unique algorithm for detecting early signs of movement. They deliver this information directly to the client’s platform. 

  • Market Break Detection: This provides a visual outlet for the indicator which tracks potential reversals in the market. 

  • Scalping Friendly: As the name suggests, the indicator looks for potential scalping opportunities for traders. 

Apart from the above four elements, the Omega Indicator uses multiple trendlines in an effort to attract market activity. This function is more ideal for advanced traders who can watch along the lines and analyse the markets. 

Back-test Analysis

Omega Trend EA provides two separate back-tests for the EUR/USD and GBP/USD. For the purpose of this review, we shall take the back-test for the EUR/USD pair which is for the period 2008-2012. 

Omega Trend EA Back-test Analysis

The above account has executed about 1735 trades with profitability of 62.65%  and a maximum drawdown percentage of 13.44%. While these figures are very impressive, there’s no way to verify the validity of these claims as it is not hosted on an authoritative site. 

Live Trading Data Analysis

Almost all reliable EAs of this nature provide statistics to the live performance of trading accounts, in order to prove the legitimacy of their claims. In this case Omega Trend EA provides us with a single demo account that is hosted on myfxbook. However, statistics to a real live account would have been preferred. 

Trading Results

Myfxbook Account

Demo(USD) , Alpari RU


January 09, 2020
















Omega Trend EA Myfxbook

From the above screenshot, we can see that the account has gained 24.29% with a drawdown of 7.70%. This indicates that the strategy employed has a low risk. However, it would have been preferable to see similar results in a live account as opposed to a demo account. There have been instances in the past where EAs have produced favourable results in demo accounts but have struggled to replicate the same using a real account in the same market conditions. 

Review Summary 



  • Reasonably priced

  • Live statistics not satisfactory 

  • Strategies explained

  • Back-test not verifiable


Omega Trend EA has several positive aspects associated with it, especially considering the detailed explanation that it provides when it comes to how the EA works. However, we would’ve preferred seeing trading statistics from a real account rather than a demo account. The EA is reasonably priced and hence, consumers wouldn’t be taking much of an initial risk even if the EA fails to deliver the promised profitability. 

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