EA White Lotus is a Forex robot that is focused on short-term direction trading popular FX pairs. The person behind this FX expert advisor is Vitali Vasilenka from Belarus. He has several other EAs on MQL5, like the EA Quantum Lab, EA Thomas and EA Flower.
The EA White Lotus is known for not using risky trading methods. It requires a minimum deposit of $100 to work.
Contents
EA White Lotus Review
A live signals account on MQL5 shows maximum drawdown that is quite low in comparison to the gains obtained. However the total win rate is below what is expected.
EA White Lotus was published on 7 October 2022, and currently on the first version. So far, there are 1177 free demo copies on test. The EA White Lotus allows for 10 activations on VPS.
EA White Lotus Strategy
Notably, the EA White Lotus does not apply such dangerous techniques as martingale, griding, doubling and averaging. That being said, the EA White Lotus is a night scalper that utilizes neural networks for night trading. The recommended timeframe to trade is M5.
Though the actual strategy of the EA White Lotus was not well explained, we can see that the robot makes use of a unique trading algorithm in conjunction with the function of reverse without loss.
Breakdown
- Type: Forex Robot
- Strategy: Night Scalper
- Recommended Pairs: GBPUSD, EURUSD, USDCAD, USDCHF, NZDUSD, EURAUD, EURCHF.
- Tim3frame: M5
- Price: $349
On MQL5, the bot is priced at $349. There is no rental option available. For a lifetime license, this fee is above average in comparison to industry standards.
Trading Results
EA White Lotus has 3 signal accounts running on MQL5. These accounts are characterized by low initial deposit and low drawdown. The longest running account started about 8weeks ago. It began with an initial deposit of $21.59. The vendor made an additional deposits of $735.27 with withdrawals of £689.12 making the total account balance to be $103.84. EA White Lotus made a total 83.18% growth on the account. This was achieved by making 111 trades in total, 51 of which were long trades and 60 a short trade. The robot’s profit factor over this period was 1.56.
These results showed impressive profitability, coupled with a low drawdown. However, due to the short signals monitoring period, we cannot conclusively use the results to gauge the profitability of the robot.
Conclusion
The EA White Lotus is a fully automated forex robot. It does not make use of risky trading methods, making it one of the most safest trading robots in existence. It is priced at the one-time fee of $349, which is costly compared to industry standards. It does not have any renting option for someone that wants to use it for a month or two. What’s more, the signal accounts monitoring period are short to ascertain the profitability of this robot.
Compare Robots
Want Virtual Hosting: To maintain maximum availability for all automated trading accounts for all times, you better use a 100% uptime VPS server.
Wallstreet Forex Robot is a piece of software that works based on scalping. The latest version comes with a broker spy module that prevent unfair play by brokers during trading.
It costs just $267 and you also get a bonus auto bot systems.
Get the complete robot package at: wallstreet-forex.com
White Lotus Expert Advisor
$349
Pros
- Performance result
- Low drawdown
Cons
- Poor strategy insight
- No verified result
- Unsustainable win rate
- High pricing