Champion EA Review: Does It Win or Lose?

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Champion EA

Champion EA is said to use a drawdown reduction function and a time filter to trade safely and lucratively. The system has a history of trading on a real account for months, and so far, it has allegedly produced a drawdown that is less than 10% within a year of trading. The devs also claim that EA is suitable for both novice and experienced traders. Let’s check it out.

What is Champion EA?

The system offers several features:

  • It comes with a news filter.
  • It is easy to use and doesn’t need optimization or extra set files.
  • The robot supports multiple currency pairs like the AUDCAD, GBPCAD, NZDCAD, AUDNZD, and EURCAD symbols.
  • Only a single chart is needed to trade all instruments.
  • It does not have analogues in the market.
  • The robot has a built-in profit ratio system/drawdowns.
  • It works with a hedging account.
  • It’s not sensitive to spreads and slippage, but the vendor advises that you use an ECN broker with low spreads.
  • The minimal trading deposit for every pair is $100.
  • It may not engage in trades for several days for each of the pairs, so you need to be patient.

Official Champion EA website

The presentation of Champion EA on MQL5 is quite detailed. The vendor describes the system’s features and settings and highlights what it needs to work. There’s also a section that explains how traders can test and install the robot on their trading charts. The presentation also includes info on pricing, the vendor’s profile, backtest and live results, publication details, and customer reviews.  

Evgenii Aksenov is the author of this robot. He is based in Russia and has developed dozens of trading systems for the Forex market. Batman Midnight Hunter, Joker EA, Index Scalper Pro, Gold Dragon, FIBO Trend EA, Genesis EA, Galaxy EA, and Spread Meter are among the many other products Evgenii is selling on MQL5. 

Vendor’s profile on MQL5
Vendor’s profile on MQL5

How can we use Champion EA?

We can use this system to monitor and trade Forex. The vendor has designed it with several parameters and an in-built strategy that help it to spot trading opportunities. So, it will open positions automatically when and close them with no human effort.  

Pricing and refund

Champion EA costs $799, an exorbitant price indeed. There are no rental options or a money-back guarantee offered. 

Champion EA’s price on MQL5
Champion EA’s price on MQL5

Trading strategy

As per the vendor, Champion EA’s strategy is founded on the search for optimal entry/exit points. He explains that the robot assesses the price of every candle and its dynamic deviation in the flow of quotes and decides to trade when the candle closes. The system comes with a drawdown system meant to protect the deposit from losses. The presence of a news filter allows the user to avoid random transactions during erratic periods.  

Backtest data
Backtest data

According to this report, the EA was tested on the H1 chart, but the historical data used is not indicated. In any case, through a deposit of $1000, a massive profit of $68632681.47 was made. A total of 13685 trades were carried out, but their profitability rate is unknown since this data is not provided. Other hidden parameters pertain to the win rates, maximum and relative drawdown, average profit and loss, consecutive wins and losses, etc. 

Current performance

We have unverified trading results for this system on MQL5. 

Trading stats on MQL5
Trading stats on MQL5

Champion EA has actively been trading on this account for 183 days and completed 655 trades as a result. Collectively, the robot has contributed to a profit of $8147.95. So, the current available balance is $18149.64. The drawdown, which is 40.7%, tells of a system that trades dangerously.  

Trading performance
Trading performance

The overall profitability rate of this account is 78.93%, but the monthly growth rate is 4.23%. So far, the best trade has made a profit of $1624.47, whereas the worst trade has made a loss of -$770.84. The average profit factor is 1.86. 

What customers say

Many customers have purchased this EA. Going by their opinions on MQL5, it is apparent that they are satisfied with the service. Some say it shows good results on the live account and produces a low drawdown. The vendor is also commended for constantly updating his systems and offering great customer support. 

People feedback on MQL5
People feedback on MQL5

Summary: is Champion EA a trustworthy service?

Champion EA
2.8 5 0 1
Customers using this robot suggest that it is trustworthy because it has generated profits for them. But we have seen through the live records that the system works with a risky trading approach, which has led the account it manages to have a high drawdown. Furthermore, the hefty price tag makes Champion one of the most expensive EAs in the market.
Customers using this robot suggest that it is trustworthy because it has generated profits for them. But we have seen through the live records that the system works with a risky trading approach, which has led the account it manages to have a high drawdown. Furthermore, the hefty price tag makes Champion one of the most expensive EAs in the market.
2.8 rating
2.8/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    4.0 rating
    4/5 Good
  • Trading results
    3.0 rating
    3/5 Neutral
  • Reliability
    3.0 rating
    3/5 Neutral
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • Easy to use
  • Positive reviews from clients

Dislike

  • Hefty price tag
  • High drawdown
  • Backtest report has insufficient info
Total
0
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