Tiburon EA is designed to work particularly on the EURUSD pair. It uses many indicators for successful results. As per the author, the MT4 tool opens and closes trades with accuracy. Its ease of use and accuracy make it a profitable FX instrument. The developer provides backtesting results and a demo signal for the EA. While the drawdown is low the profitability is not as high as claimed by the developer. Further, the price is expensive and there is no money-back assurance making us doubt the reliability of the product.
What is Tiburon EA?
The key features that make this FX EA competitive as per the developer are:
- It works on the EURUSD pair using the H1 timeframe.
- A minimum deposit of $3000 is required to use this expert advisor.
- The developer recommends the use of ECN brokers.
- The ATS uses dynamic TP features for the trades.
- It is easy to set up and use.
- The FX EA is compatible with all brokers.
- Solid backtesting and live performance proof is present.
Official Tiburon EA website
The official site has details related to the EA like its pricing, recommendations, features, backtesting reports, and live trading results. Elizaveta Erokhina is the author of this trading tool. She is based in Russia and does not have any experience. She has developed 4 products and 16 signals. Other products of the author besides Tiburon include Candle Banker and Level Wizard. As per the developer, long-term stability is the main focus of the products. An email address and the direct messaging feature on the MQL5 site are the methods available for contacting the developer.
How can we use Tiburon EA?
As per the author, the FX EA works based on the indicators like a stochastic oscillator, RSI, and an indicator customized by the author for better efficiency. It uses the standard crossing with overbought and oversold areas for finding the entries and the indicators for finding the possible price changes. The use of multiple indicators helps to eliminate false signals.
Pricing & refund
You can purchase this FX EA for $299. One-month rental pricing of $100 is also available. The vendor offers a free demo account. There are no details present on the features included with the package. No refund offer is present which makes us suspect the reliability of the system. When compared with the competitor systems in the market, the price is expensive.
For the approach, the developer uses multiple indicators. A few backtesting results are present for the FX robot. Shown above is one of the historical tests that the developer provides. From the trading stats, we can see the system had generated a net profit of 41175.74 for an initial deposit of 1000. For the testing that was done from 2005 to 2015, a total of 10908 trades were completed with profitability of 74.34% and a profit factor of 3.94. The maximum drawdown was 15.19%. From the results, it is clear that the growth is consistent and high with low risk.
While there are no real account trading results, the author provides a demo trading result on the MQL5 site. Here is a screenshot of the trading stats.
From the above stats, we can see a 36% growth of the account that started in August 2021 with an initial deposit of $3000. For a total of 262 trades, the profitability is 70.99% and the profit factor is 5.88. A maximum drawdown of 7.9% is present. From the results, we can see a decent growth and low drawdown indicating a low-risk approach and appreciable performance. However, the sample size is small and the account is a demo which are two factors you need to consider.
What customers say
Unfortunately, we could not find user reviews for this FX EA on reputed sites like FPA, Trustpilot, etc.
Summary: is Tiburon EA a trustworthy EA?Tiburon EA
Trading Results3/5 Neutral
- It is fully automated
- Uses customized indicator
- Only demo trading results are present
- Sample size is small
- No money-back guarantee