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.
EA White Lotus Review
Live signals account on MQL5 shows a 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 is currently in its first version. So far, there are 1177 free demo copies on the 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. It all sounds wonderful, but none of it is technical or advanced enough to make the system come across like it’s an actual best Forex robot contender.
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 deposits and low drawdowns. The longest-running account started about 8weeks ago. It began with an initial deposit of $21.59. The vendor made 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 of 83.18% growth on the account. This was achieved by making 111 trades in total, 51 of which were long trades and 60 short trades. 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 safest trading robots in existence. It is priced at a one-time fee of $349, which is costly compared to industry standards like Forex Diamond. 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 is short to ascertain the profitability of this robot.
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White Lotus Expert Advisor
$349
Pros
- Performance result
- Low drawdown
Cons
- Poor strategy insight
- No verified result
- Unsustainable win rate
- High pricing