The Comeback Kid EA Review: Does It Win or Lose?

The Comeback Kid EA

The Comeback Kid EA is a combination of an expert advisor and a trade manager. It promises an automated system that ensures profitable traders. The software is designed for manual intervention and trading can be done with a combination of algo and manual methods. While the vendor provides verified trading results, the profits are not high. Furthermore, we are not satisfied with the support options, vendor transparency, and pricing. Our initial conclusion is that this EA is not worth investing in.

What is The Comeback Kid EA?

Features of the Comeback Kid EA
Features of the Comeback Kid EA

As per the vendor, this FX EA is a fully automated software that provides the user control on the trades thereby increasing their profits or minimizing the losses as per their preference. The main features that the vendor highlights for this EA are:

  • Integrated trading and risk management features.
  • Ability to trade multiple currency pairs or assets with low risk.
  • A smart averaging-in feature that works with S/R for recovering the losing or bad trades.
  • Easy way to generate stable income by spending just around 10 minutes a day.

Recommendations for this FX EA include a minimum balance of $3000 and the leverage of 100:1 on the MT5 platform. As per the vendor, this ATS works on 6 currency pairs and gold with a monthly profit potential of 5% to 10% 

Official website

This FX Robot is developed and promoted by the Responsible Forex Trading group which has created products like Ranger EA and Vigorous EA.  As per the vendor info, the company has been in the FX industry for 16 years. We could not find further details on the company like its founding year, location address, phone number, etc. For support, an email address and an online contact form are present. We find the support methods inadequate and from the lack of vendor transparency, we suspect this is not a reliable service.

How can we use The Comeback Kid EA? 

The working method of The Comeback Kid EA
The working method of The Comeback Kid EA

This FX EA uses automated and manual trading features which the vendor claims can increase the profit and minimize the drawdown. The default settings are of low risk resulting in low drawdown. With the trailing stop, the EA ensures profitable trades. A multi-order system is used that the vendor states provide traders better profits even when the directional predictions are wrong.

Pricing & refund

Pricing package of The Comeback Kid EA
Pricing package of The Comeback Kid EA

You need to pay $497 for purchasing this FX EA. Some of the important features you get with the package include an automated system with two indicators and the use of a flexible grid method with averaging-in linked to S/R points for recovering the losing trades. A trend-trading approach is also used for the trades. When compared to the rates of competitor systems, we find the price is exorbitant. Furthermore, there is no refund policy which makes us suspect this is not a reliable system.

Trading strategy

This FX robot uses trend trading and an averaging-in flexible grid approach along with two indicators. While the grid approach is considered dangerous, the vendor maintains that the grid positions are made only after proper analysis ensuring a favorable price movement. No backtesting results are present for this EA.

Current performance 

A real USD account using the Trader’s Way broker and mixed trading method on the MT5 platform verified by the myfxbook site is shown here. The account uses the leverage of 1:500. 

Growth curve of The Comeback Kid EA
Growth curve of The Comeback Kid EA
Advanced trading stats of The Comeback Kid EA
Advanced trading stats of The Comeback Kid EA

From the trading stats, the total profit generated for the live account started in June 2021 is 17.47% and the absolute profit is 17.01%. A daily and monthly profit of 0.14% and 4.395 are present. The drawdown is 9.19%. For a deposit of $30,674, the account has made a profit of $5216.28. A total of 517 trades have been executed with a profitability of 64% and a profit factor of 1.63. From the trading history, we can see the lot size used varies from 0.09 up to 0.14. While the drawdown is not high, the profits are not considerable. Furthermore, due to the small sample size, it is not possible to predict similar profits in the long term. 

What are the real customers saying about The Comeback Kid EA?

We could not find user reviews for this EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The lack of feedback from users indicates this is not a popular product in the market.

Summary: is The Comeback Kid EA a trustworthy EA?

The Comeback Kid EA
2 5 0 1
Our analysis of the features, functionality, trading approach, and results reveal this is not a trustworthy expert advisor. Although the vendor maintains that the flexible grid approach is not dangerous, the grid approach is considered a high-risk method that most traders stay away from. Additionally, the lack of vendor transparency and expensive price are other drawbacks that make this an unreliable EA.
Our analysis of the features, functionality, trading approach, and results reveal this is not a trustworthy expert advisor. Although the vendor maintains that the flexible grid approach is not dangerous, the grid approach is considered a high-risk method that most traders stay away from. Additionally, the lack of vendor transparency and expensive price are other drawbacks that make this an unreliable EA.
2.0 rating
2/5
Total Score
  • Strategy
    2.0 rating
    2/5 Bad
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    2.0 rating
    2/5 Bad
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    2.0 rating
    2/5 Bad

Like

  • Manual and automated trading
  • Verified trading results

Dislike

  • Uses the risky grid approach
  • Small sample size
  • Expensive price
  • Money-back guarantee is not provided
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