We have an Absolute advisor that is published on the MQL5 community. The system was released on April 8, 2021. It was downloaded for demo usage 427 times. The current version is 1.10.
The system has several details explained.
- The robot knows how to trade automatically for us.
- The system can work on the MT4/5 platform.
- The backtest was performed on the 2015-2020 tick data.
- Based on historical data, the win rate was 99.5%.
- “The maximum win rate is achieved when trades follow the trend, SMA and Bollinger Bands can be used to determine the direction.”
- It calculates stop loss and take profit levels.
- We can customize risks manually or allow the system to do this for us.
- There’s a trailing stop feature.
- We have spread control.
- The account should be a hedge one.
- The leverage is 1:50 or higher.
- We have to use a VPS service.
Currency pairs, strategy & timeframe
- There’s a “no-loss” scalping strategy on the board.
- It’s based on the reversal patterns.
- The strategy is scalping.
- It doesn’t use Grid and Martingale risky strategies.
- The developers share set files for GBPUSD and EURUSD on the M30 time frame.
- The main time frame to trade is M30.
- The minimum deposit should be from $200.
Absolute trading performance
The system was tested on the five years data on GBPUSD on the M30 time frame. The initial deposit was $3,000. The robot traded with 1:200 leverage. For 5 years of trading activity the robot generated $3,665 of profit. The recovery factor was 7.65. The maximum drawdown was 0.08%. Absolute EA has closed 351 orders with a 100% win rate for shorts and 99.41% for longs.
The system has been running a real USD account on Weltrade automatically with 1:500 leverage on the MT5 platform. The account has a verified track record and verified trading privileges. It was created on February 25, 2021, and deposited at $1,000. The absolute gain has become 15.28%. An average monthly gain is 2.05%. The maximum drawdown is 10.65%.
The system has closed 51 orders with 356.7 pips. An average win is 6.99 pips. The win rate for both directions is 100%. An average trade length is one day.
The robot works equally in both directions by the number of trades executed. GBPUSD is twice as profitable with $85.76 than EURUSD with $49.62.
The advisor focuses on trading the European trading session with a period of high-impact news.
It opens the most trades on Wednesday (19).
The system uses a trailing feature to make more profits.
The presentation dowry advisor doesn’t work predictably. Some of the months had twice lower profitability.
How much does it cost?
The system is available for purchase for $75. We have no rental options available. We can download it for demo usage. We have no money-back guarantee.
Reviews from customers
There’s a single review written about how the system functions. One is not enough to form an opinion for sure.
Should you use Absolute?
|Strategy details explained||The system is too young|
|Backtest reports provided||No risk details shared|
|Trading results shared||There’s a lack of testimonials|
|Affordable pricing||No refunds provided|
|No rental options available|
Absolute is a young scalping solution that requires VPS and other important features to be profitable. The system trades extremely rarely. So, it would be hard to get money back from purchase in a short period. There is a single testimonial written.