Alise EA is an automated trading system that trades exclusively on the GBPUSD currency pair. It is designed with a neural network system for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platform. In this article, we will review the Alise EA, examining its strategy, features, and performance. By the end of the review, you should have a clear idea of whether this EA is suitable for your trading.
The developer of this robot is someone called Aleksei Butler from Russia. He has only 2 products and 0 signals on his profile data. Alise EA was first published on 1 February 2023.
Note: Sadly, the developer fails to provide live trading data. Therefore, we can neither analyze its current performance nor profit statistics. The Alise EA is not worth considering for, traders who want to trade the GBP/USD pair will be more comfortable using the best Forex EA.
Alise EA Review
We do not recommend this EA to the public because it is not the software to trust. Our verdict is based on:
- Extremely high price
- Lack of live trading data
- Negative customer reviews
- Lack of detailed trading strategy insight
Alise EA Strategy
Although they do not provide us with a detailed trading strategy explanation, there are a few things we already know. The team behind this EA tells us that The strategy is based on MACD and moving average, which are completely redesigned, refined, and combined with a neural network. The robot makes use of stop-loss and take-profit to protect funds. That is why the frequency of opening transactions is small.
The EA runs on the MT4 and MT5 platforms and trades exclusively on the GBP/USD pair in the 1-hour timeframe. The EA is compatible with any broker but recommends account types with minimal spread. The minimum deposit requirement is $100.
EA Breakdown
- Type: Forex Robot
- Strategy: MACD, Moving Average, Neural network system
- Currency Pairs: GBP/USD.
- Time frame: H1
- Price: $979.
This expert advisor is available to buy for $979. We do not like that the vendor fails to provide a detailed explanation of what traders get when they buy this software. However, we may only assume that the robot comes with free installation, a user manual, and customer support. The one thing that is common in the MQL5 marketplace is the ability to try the free demo before buying a license.
Backtesting Result
The seller provides a screenshot that shows the trading performance of their software from January 2021 to January 2023. The thing is, we cannot 100% trust the results, as they can neither be verified nor analyzed completely.
Therefore, we appreciate it when vendors provide live trading results verified by third-party websites (Myfxbook or FXblue).
Trading Result
Sadly, the developer fails to provide live trading data. Therefore, we can neither analyze its current performance nor profit statistics. Very bad for a developer that is asking a huge amount for a Forex EA. The absence of live trading results is a red flag for Alise EA. We cannot 100% trust the developers who demand over $979 per their EA and not providing us with real trading results to prove the efficiency and high profitability of their EA. We never recommend those vendors who fail to provide critical data for their public.
Alise EA Review Conclusion
We do not believe that Alise EA is a good choice for traders as there are some worrying aspects to its operations. The developers of this trading tool need to be more transparent with their clients if they do want them to consider paying $979 for Alise EA. Long story short, we never recommend traders invest their money in suspicious projects like this one.
Alise Expert Advisor
979 USD
Pros
- Free demo
Cons
- Poor strategy insight
- No verified result
- High pricing
- Inexperienced vendor
- Single currency pair
- Negative feedbacks