EA Thomas Review: Does It Win or Lose?

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EA Thomas Review: Does It Win or Lose?

EA Thomas is a fully automatic trading robot that simultaneously observes 5 different entry points on various timeframes. Then, depending on the degree of risk, it chooses the most profitable one to make a market entry. The seller claims that it trades most efficiently on the XAUUSD pair. We will verify this information in this review to see if the robot can be an excellent option to consider. 

What is EA Thomas?

EA Thomas has the following features:

  • It is 100% fully automated. 
  • It comes with 2 trading modes.
  • The robot can handle slippage for up to 5 points.
  • The EA requires a minimum trade balance of 500 USD.

Official EA Thomas website

The robot is listed for sale on the MQL5 website. It is poorly presented with lots of information jammed into a small space, making it hard for the reader to digest information properly. This page includes some basic features of the bot along with the backtests containing tabs for the seller’s profile, user reviews, etc. 

How can we use EA Thomas?

The bot works with the following steps:

  1. Purchase the bot from the MQL5 website
  2. Download the files and launch the MT4 or the MT5 platform on your desktop
  3. Drag the EA files onto your charts and begin trading

Pricing & refund

The robot is sold for 199 USD for lifetime usage. Customers can also use a free demo version before going for a purchase. Payments are accepted through PayPal, Visa, MasterCard, Union Pay, and Web Money. The seller fails to mention a money-back guarantee or customer support essential to a good sales package. 

Pricing of the bot on the MQL5 website.

Trading strategy

The EA trades on gold at the H1 time frame and uses five expert advisors to scan the markets. It uses confluence to then open trades. Traders can use the robot in two modes, i.e., conservative and aggressive. 

The history on MQL5 records shows us that the EA is using martingale and grid strategies with arithmetic multiplication in lot size. The pip step between two trades can vary from 20-40 pips or more.

Live trading history on MQL5.

Current performance

The developers provide screenshots for backtesting records for the XAUUSD (Gold Spot) on the 5-minute timeframe. These have a modeling quality of 90%. These stats show that an initial deposit of $100.00 was converted into a total net profit of $16565611.08, with a relative DD of 27.21%. This is a bit high compared to industry benchmarks. The profit factor stood at 1.41. The bot made a total of 89682 trades, of which 3.56 resulted in a loss. 

Screenshots of backtests on the MQL5 website.

Trading results are on Myfxbook for the Real (USD)currency on the MT4 platform at a leverage of 1:2000. The stats range is Apr 28, 2022, until Jun 10, 2022. From these, the monthly growth stands at a horrifying -98.84%, with an even more terrifying drawdown value of 99.98%, which is risky to the highest point imaginable. All other stats like interest, deposits, and profits have been locked from view, which shows that this seller has something to hide. 

The EA has made 625 trades, of which 16% resulted in a loss. The profit factor is reported as 0.90, with an average trading length of 48 mins. 

Live trading results on Myfxbook.

Vendor transparency 

Vitali Vasilenka is the seller behind this EA. He is a developer based in Belarus and has 18 products and 4 signals listed for sale on the MQL5 website. The author states that he has an experience of 2 years, but he shows no proof to support this statement. Customer communication channels are available through WhatsApp and Telegram. The vendor does not provide any factual information like company address or email.

What are the real customers saying about EA Thomas?

This robot has a rating of 4.78 from 24 reviews on the MQL5 website. These are, however, filled with some negative remarks by some angry ex-users. One past customer accuses the seller of being a scammer and states that no support is provided post-purchase. 

Customer review on the MQL5 website.

What we like and what we dislike

The following table summarizes all we like or dislike about the robot.

Summary: is EA Thomas a trustworthy robot?

Summary: is EA Thomas a trustworthy robot?
2 5 0 1
EA Thomas is not very clear on its backtesting records. Also, the seller fails to state that it uses grid and martingale. The live portfolio has resulted in complete liquidation due to the use of a risky approach.
EA Thomas is not very clear on its backtesting records. Also, the seller fails to state that it uses grid and martingale. The live portfolio has resulted in complete liquidation due to the use of a risky approach.
2/5
Total Score
  • Strategy
    2/5 Bad
  • Features
    2/5 Bad
  • Trading results
    3/5 Neutral
  • Reliability
    2/5 Bad
  • Pricing
    3/5 Neutral

Likes

  • Available for both MT 4, and 5

Dislikes

  • High drawdown
  • Uses grid and martingale
  • No proper backtests
Total
0
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