As the name suggests Adaptive EA is a flexible trading system that enables the user to tailor it according to their preferences. So, you can use the robot on any currency, oil, metal, or cryptocurrency of your choice.
What is Adaptive EA?
The system offers the following parameters/functionalities:
- Lot size that allows traders to set their lot size
- Take profit, stop loss, and trailing stops to maximize profits and minimize losses
- Grid reverse trading for activating the grid reverse strategy
- Grid risk for multiplying the grid order size
- Margin level minimum, which when reached will trigger the EA to close the order, making it impossible to open new trades
- Buy/sell orders are restricted to prevent the opening of buy/sell orders
- Comments that provide comments for orders the advisor opens
- Slippage that highlights the maximum level of slippage
- Adaptation folder, which is a directory for trained neural works
Official Adaptive EA website
The presentation of this on MQL5 is simple and brief. The vendor describes the EA, highlights its parameters, and provides a video showcasing how it works during backtesting. We also have publication details that indicate when the system was posted on the website, its current version, the vendor’s info, and the number of demo versions downloaded. Moreover, you will find customer reviews and comments, as well as a link directing you to the EA’s live results on the platform.
This robot was created by Svetlana Visnepolschi. She hasn’t developed other systems yet, and her trading experience and qualifications in Forex are not indicated.
How can we use Adaptive EA?
You can let Adaptive EA handle trades for you automatically. As an expert advisor, it will follow a certain set of trade signals and settings to ascertain the prices at which you can buy/sell an instrument.
Pricing and refund
Adaptive EA has an asking price of $185. This price is fair compared to other providers since most sell their trading systems at $200 or below. Don’t expect to get your money back if you later discover that this tool is not for you since the developer doesn’t offer a refund policy.
Trading strategy
Adaptive EA uses neural works to carry out random trades. That’s as far as the developer goes in describing the trading strategy. In light of this, it becomes hard for traders to know how the system works to net profits and prevent losses. As we saw earlier, grid and grid reverse trading settings are provided for users. Therefore, you can customize the EA to work with either of these strategies.
There are no backtest results. Rather, the vendor features a backtesting video meant to show traders the efficiency of its strategy.
Current performance
The launching date for this account is November 10, 2021. Since the robot began trading, it has generated a mere $342.17 profit from a $1000 deposit. This is equivalent to a growth rate of 34.22%. Within 75 trading days, a high drawdown of 44.8% has been made. Clearly, the algorithm trades dangerously.
The system has placed 172 trades on this account, and till now, only 50.58% of them have been profitable. The loss rate (49.42%) is rather high. There’s an average profit of $27.80 and an average loss of -$24.43. A profit factor of 1.16 highlights the average return rate of the system.
What customers say
The trading community dislikes this EA if the 2.43 rating it has received on mql5 is anything to go by. Also, out of the 7 customer reviews provided, only two are positive. Some of the traders say that Adaptive is a fraud in its purest form. As such, it conducts random trades, only works on backetester, and is not stable enough because it can crash your account. One satisfied user says that Svetlana is an amazing developer and asks her to leave an email the public can use to contact her.
Summary: is Adaptive EA a trustworthy service?
Adaptive EA-
Strategy2/5 Bad
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Features3/5 Neutral
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Trading results2/5 Bad
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Reliability2/5 Bad
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Pricing3/5 Neutral
Like
- Customizable
- Fair pricing
Dislike
- Poor customer rating
- Unverified trading stats
- Lack of backtest data