Tiburon EA is an expert advisor that was published on MQL5. It was released on September 1, 2021. Since then, it has been downloaded 140 times. Let’s see how the system works and decide whether it is a good choice for its price.

Tiburon EA: characteristics

We have some details about the system parameters and execution written in the presentation. 

  • The advisor knows how to execute orders completely automatically for us. 
  • We should work with EURUSD only. 
  • The time frame to trade is H1. 
  • The testing period united 11 years of the tick data. 
  • The advisor works with “following indicators: RSI (Relative Strength Indicator), Stochastic Oscillator and his own customized indicator which makes the EA even more efficient.”
  • It focuses on analyzing “overbought and oversold areas, while Stochastic and the indicator identify the possibility of price change at definite levels.”
  • It works with high accuracy. 
  • Now, the price is $400. 
  • The developer keeps increasing it. 
  • The next price will be $500. 
  • We should have $3000 on the balance to get started. 
  • It should be used on the low-spread broker. 
  • We can work with dynamic take profit levels. 
  • We may start working with it without trading experience at all. 
  • We are free to pick any broker we’d like to use. 
  • The system allows customization of the number of order parameters and so on. 
  • We can set the proper hours to trade or not trade.

Currency pairs, strategy & timeframe

  • It looks like the system trades trends. 
  • We can work with EURUSD.  
  • The time frame is H1. 

Tiburon EA trading performance

Tiburon EA backtest report.

The advisor has a backtest report that was executed on EURUSD. The data period was more than a year. The modeling quality was 99.90%. The spread was set at 1 pip. An initial deposit was $3000 that became $38,605 of the total net profit. The profit factor was 3.67. It has traded 1076 orders. An average accuracy was approximately 72%.

Tiburon EA trading results.

Tiburon EA has worked on the real account that was blown. The system was removed from listing several hours after it blew a $2,800 account. It worked with 38% drawdowns. The win rate was as low as 42.9%. The maximum deposit load was white deep, 15.9%. The system worked for two weeks only. The total loss has amounted to -37.26%. 

Growth chart.

The system started losing money almost immediately. 

Closed orders.

The advisor works with Martingale that forced an account into big losses. 

Trading statistics.

It has closed 28 deals in a row. The best trade was $13.20 when the worst trade was eight times deeper, -$101.14. The profit factor was 0.03. If it is less than 1, the system is a 100% scam. 

Distribution process.

It executed orders on the EURUSD only. 

How much does it cost?

We can buy the robot for $400 for a single life copy. The one-month rent costs $200 when a quarter rent is $250. We can also download the system for demo usage for free.

Reviews from customers

Customer review.

There’s a single testimonial that looks like a pure scam. How he could be happy with it if the system has blown an account. 

Should you use Tiburon EA?

ProsCons
Backtest reports providedNo risk advice given 
No settings explanations provided 
Horrible trading results that were removed
The robot works with aggressive Martingale 
Sky-high pricing

Conclusion

Tiburon EA has blown a real $2,800 account several weeks ago. The developer removed it as nothing happened. We can’t trust the system because it should be updated and reset on the real account once again to trade for half a year or so, to be sure it works well.