There’s a Celestial trading Tools company on the plate to review.
This pop-up is the first we see on the site. So, what’s up with it? We have two products: Sirius and Dynamic that trade and make some profits. The most moron-kind part of the site functionality is that it starts playing music, and there’s no button to stop it. If we were potential clients, we’d close the site immediately.
Celestial Trading Tools Robot: Characteristics
There are two products they want us to try.
Currency Pairs, Strategy & Timeframe
The Dynamic EA based on the next features and strategies:
- According to the messy description, the EA should perform a Breakout strategy.
- The robot works with only five currency pairs.
- It trades fully automatically.
- There’s a money-management system (what’s it?).
- There’s risk management (what’s it?).
That’s all. There’s no more intel on the robot page nor the main page.
Celestial Trading Tools Trading Performance
There are three real accounts: one USD and two GBP. Let’s take a look at the last one and figure out what’s happened to it in January 2020. This account has a lack of transparency: much data is unavailable, Track Record Not Verified. It’s a real GBP one on the IC Markets broker. It trades with 1:500 leverage on the MetaTrader 4 platform. It’s weird because they offered us to register on an EightCap broker. An absolute gain was +579.36%. The average monthly gain is 9.45%. The maximum drawdown was ok (31.51%) as for that profitability.
The robot traded 3378 deals with 10947.2 pips. An average win in pips (14.40) equals an average loss (-14.58). The win-rate for Longs and Shorts was 61%. An average trade length was over 13 hours. The Profit Factor was high (1.95).
Celestial Trading Tools operates 17 symbols, where 15 of them are profitable in pips.
The robot trades all day long with spikes during impactful news hours.
A weekly chart looks standard. There’s nothing special.
The robot performed with very high risks to the capital, probably over 10%.
The last closed deals showed that the EA uses Martingale and Hedging from the strategies. The same happened between January 30 and 31, 2020.
In April 2020, there were enough profit deals to cover these losses, but in January 2020, there were not.
How much does it cost?
The EA price is sewn in the referral links. So, we don’t pay directly, but we have to run it on the account that was registered using their referral link.
When we click on “Choose this Plan,” the page reloads. Both offers, in addition to paying through the referral program, cost 15 GBP monthly of the operational fee. Dynamic allows trading five symbols, Sirius – 12 pairs. Lot Size should be 0.01 for each 1000 GBP for Dynamic and 0.01 for each 2000 GBP for Sirius. The minimum deposit requirements are 1200 GBP for Dynamic and 2000 GBP for Sirius.
Reviews from customers
Of course, there are some positive reviews on the site. We’d be surprised if there were negative ones.
They have no profile on Forex Peace Army but have one on Trustpilot. There’s a 3.8 score based on 87 feedback.
There are so many negative testimonials (22%).
As we can see, people noticed the same, but on their real accounts that the EA uses risky strategies.
The same review was liked by six other users.
Some have problems with the USD/JPY symbol that went to over 50% drawdowns.
The developers don’t care about risks and drawdown levels of customers at all. Checking a review feed, we found out that the most negative feedback was after August 2020.
Should You Use Celestial Trading Tools?
| Pros | Cons |
| No pros | No team revealed |
| Little information about strategies was provided | |
| No money-management system settings and features explained | |
| No backtests provided | |
| A trading account was stopped in April after huge losses | |
| Pricing covers them but doesn’t protect customers | |
| So many negative testimonials were for the last three months | |
| Their support is awful | |
| No money-back-guarantee provided |
Conclusion
Summing everything up, we’re sure it’s a scam service now. First, the strategies weren’t explained well. There are many risky ones that showed bad results, trading on their real account. Trading accounts have a big lack of transparency, so we can’t check important for us data to be sure, we’re good to follow them. The worst part of the presentation is negative feedback for the last three months on Trustpilot with decreasing a score to 3.8/5. Now, it’s a fraud company with scam-like robots that just only cares about a commission from people and doesn’t worry at all about their trading results.
XTB
