EA Super 8 is an automated trading system that applies aggressive trading. According to the vendor, the EA trades with minimum profits while utilizing a system without loss. However, when you lose your deposit, the advice is not to panic. You can start over with $100 (reserve fund + profit fund). This will supposedly boost your confidence in the EA’s ability to make profits in the long term.
What is EA Super 8?
The features of the robot are listed here:
- It is fully automated.
- It requires a minimum capital of $100.
- The trading instruments include EURUSD, AUDUSD, or NZDUSD pairs.
- The EA works on the M1 timeframe.
- Users are advised to withdraw profit daily after completing all transactions.
Official EA Super 8 website
This robot is presented on the mql5 website. Therefore, the sales pitch has adopted the typical presentation format for expert advisors on the platform. So, we have the name of the product and its features/recommendations, details of the author, price, publication date, and customer reviews, along with the EA’s rating. Screenshots showcasing the system’s backtest data and live results are present as well.
The author of this robot is Vitali Vasilenka, a Metaverse Creator at EA Quantum Lab. He has created 18 trading systems in total for the one year he has been in this market. The products include, but are not limited to, EA Flower, Syntax, EA Smoke, EA Web, and EA Bionic. Vitali’s portfolio also includes 19 signals, 15 subscribers, and 1304 downloaded demo versions.
How can we use EA Super 8?
This expert advisor handles trades on behalf of traders. It comprises an inbuilt algorithm that enables it to make complex calculations to produce trading signals, which are then used to place orders.
Pricing and refund
There’s a single pricing option for EA Super. So, if you want it to trade for you, be ready to pay $149 to obtain a lifetime license. However, don’t expect a money-back guarantee offer because the vendor is not providing it.
As earlier mentioned, this expert advisor engages in aggressive trading. However, the vendor doesn’t give any specifics. Normally, the idea behind this kind of trading is to take on more risk and consequently accept a bigger loss. EA Super 8 is also said to feature in-built new methods that determine the direction of the trend. However, it is not clear what the robot does next after obtaining this info. We would like to know if it follows that trend or goes against it.
This backtest was conducted on the M1 chart using the NZDUSD currency pair between 2013 and 2021. From a deposit of $100, a total net profit of $97121.75 was produced. This is after the EA implemented 230658 trades and attained win rates of 70.45% for both short and long positions. The maximal consecutive profit was $1868.58, while the maximal consecutive loss was -$1491.03. There was a relative drawdown of 67.73%, which meant that the trading strategy was risky.
The vendor provides us with the screenshot below to illustrate the performance of the EA in the live market. However, the results have not been verified by a third party.
Apparently, the EA’s trading activities have led to a 465% growth rate. Out of all the trades carried out, 64.1% have closed in profit, while 35.9% of them have contributed to losses. The maximum drawdown (55.8%) shows us that the robot works with high risks to the balance. The trading period, profit amount, deposit, and holding period are unknown.
What customers say
Out of all the 21 customer reviews this robot has, only one is negative. In essence, traders using the system are satisfied with it. The main claim among these customers is that the EA is profitable. However, the only dissatisfied trader discloses that the profits made are small. He adds that big losses are incurred, and the quality of the trading tool is worsening.
Summary: is EA Super 8 a trustworthy EA?EA Super 8
Trading results3/5 Neutral
- Reasonable pricing
- Positive customer feedback
- Live trading stats are unverified
- Strategy used is risky