Today’s review will be about the Elite Tactics robot from a Z47 company. The EA was designed and published on May 24, 2020, by Radek Reznicek. The last update (2.6 version) it received on December 21, 2020.
Elite Tactics: Characteristics
Elite Tactics has many features:
- The robot trades fully-automatically for us.
- Elite Tactics sets several pending orders during analyzing the market.
- If the market reaches proper levels, the trades are started.
- The system sets SL levels to protect an account balance from significant losses.
- The money-management system protects the robot from opening trades during high slippage and high spreads periods.
- We can work with this EA on the MT4 and MT5 platforms.
- We can set the risk we want to work with.
- The EA calculates Lot Sizes for every deal automatically.
- The robot requires an ECN-account to work properly.
- VPS server lets us increase the execution speed.
- The default settings are designed for EUR/USD and H1 time frame.
- The EA has to have another magic number for every chart.
- We can trade on low-leverage accounts.
- The developer provided settings for four each cross pair.
- There’s a list of settings in the presentation as well.
Currency Pairs, Strategy & Timeframe
- Elite Tactics works with the EUR/USD symbol on the H1 time frame.
- We are free to use it on any chart/symbol.
- The robot doesn’t use Grid, Arbitrage, and Martingale.
- If the robot works with pending orders there is a high chance that there’s a breakout strategy that’s based on support and resistance levels.
Elite Tactics Trading Performance
It’s a EUR/USD backtest on the H1 time frame. It was performed based on the data from over a 16-month period. The modeling quality was 99.90%, with variable spreads. An initial deposit was $1000. The total net profit has become $3565. The Profit Factor was 6.06. A maximum drawdown was 13.84%. There were 200 trades closed with 97%-98% of the win-rate.
It’s a demo USD account on IC Markets. The robot traded automatically with 1:500 leverage on the MetaTrader 4 platform. The account doesn’t have a verified track record. It was created on June 05, 2020. For one month, the absolute gain was +2.5%. An average monthly profit was the same (+2.50%). The maximum drawdown was 0.69%.
The EA closed 34 deals with 102 pips. An average win was +3.76 pips when an average loss was -22.00 pips. The win-rate for Longs’ direction was 100%, for Shorts’ one was 95%. An average trade length was 5 minutes. The Profit Factor was 4.52.
The robot worked with EUR/USD, GBP/USD, and USD/JPY. The most frequently traded and most profitable was EUR/USD (12 deals and $27.90) and USD/JPY (15 deals and $29.28).
The EA focused on trading during the European trading hours.
Elite Tactics skipped trading on Friday.
The robot works with little risk to the account balance.
We truly don’t know why the EA was stopped after the results like these.
There are only two-month trading results. The last one was closed with little profits after two days of trading.
How much does it cost?
Elite Tactics pack costs $99 during a New Year sale. Now, we have the original price – $245. There are two rent options: one-month rent costs $99 when three-month rent costs $145. We can try the robot for free to check its settings on the MT4 and MT5 terminals.
Reviews from customers
The EA has 3.5 from the 5-star rate on the MQL5 community.
There are many negative testimonials from unhappy clients. Even on ECN accounts people have experienced significant and consistent losses.
As well, the presentation includes some positive testimonials. It’s noticeable that comments from buyers stopped appearing after July 2020.
There are screenshots in the comments section with results based on trading on an ECN account.
Should You Use Elite Tactics?
|No pros||No team revealed|
|No strategy revealed|
|No backtest reports provided|
|No trading results provided|
|Much negative feedback|
|The developer didn’t respond to comments|
Elite Tactics is a scam robot with a hidden trading strategy. We know only that there are no Grid and Martingale. Trading results showed that the EA was profitable a long time ago. The developer keeps selling it but doesn’t want to show everyone that it’s profitable as it was half a year ago. At the same time, the clients noticed that the EA started losing much and this was a reason for stopping the robot.