New Hope EA is a forex robot owned and operated by New Hope Inc Ltd, located at International House, 24 Holborn Viaduct, London, United Kingdom, EC1A 2BN. Included in their product catalog are EAs, Softwares, VPS and IT engineering services. Their sales page claims that they develop the best Forex EA.
According to them, the New Hope EA is a high-profiting robot that provides opportunity in the financial market. On top of this, they said that the New Hope EA is programmed by professionals experts with a great mathematical background.
Their sales page features 3 expert advisor systems that are cost well above industry average – NH Bull (from $2000), NH Black Swan (from $15000) and NH Fix API (from $15,000).
This is far greater than the industry recommended price range as you can see in the robots I recommend here. With just $200, you will get a top performing Forex robot with verified results on this page. Some of the robots here are free but allows you to partner with their recommended broker.
Therefore, before you consider purchasing a package of New Hope EA, consider reading this review first.
New Hope EA Review
The New Hope EA developers do not even have the courtesy of introducing who they are or where they’re running this business from.
They try to avoid this important aspect by telling us so much information about their software evolution instead of unmasking who they are and their practical trading experience.
Therefore the developer fails terribly in transparency and experience in the community.
New Hope EA Strategy
During our reviews of New Hope EA, we saw that the company did provide in-depth details about their expert advisor algorithm. According to their story, an automated trading system was developed on an arbitration model of work thanks to many years of experience in trading in financial markets and a lot of research.
This kind of information is not enough considering that the EA is priced very much above its peers. Individual Forex robot strategy description was not also helpful as you cannot see important details on trading approach and how the robot identifies an opportunity in the financial market.
Despite some few shortcomings observed in our reviews of Good Robot and Auvoria Prime, you will notice that their vendors provided much more details on trading approach and software algorithm.
With such poor trading insight, I wouldn’t buy a license of this EA even if it cost below $100.
New Hope EA Result
Considering that the New Hope EA is looking more like an overpriced product, we are very interested in seeing what their performance result holds.
What we have here are myfxbook result screenshots of accounts hosted at various brokerages.
The figures displayed on the screenshots are looking quite impressive but there are no links to actual myfxbook.com result page. This raises a very big red flag.
Some of the result screenshots are dated ”Yesterday” but that could be any day from when this account was opened. It is just a downloaded screenshot and does not synchronize with real life time feed.
We can conclude that this EA vendor is not updating their results on myfxbook.com, and this is the exact reason why New Hope EA vendor is a bit shy to provide a direct link to myfxbook.com.
As it stands, we are not going by the New Hope EA results on their sales page. Traders need a direct link to myfxbook.com to verify the actual software performance dates and statistics.
We don’t see why this vendor should show us their result screenshot without a link to myfxbook.com. Who knows, the developer might have stopped trading with these robots currently.
Thank you for reading our New Hope EA review. As it stands, the robot is far from being recommended because there are many loopholes to fill up.
We can’t tolerate any foul play, lack of transparency and poor strategy insight from an EA that is priced at such a high cost.
The people behind New Hope EA should consider bringing down the robot price to the industry standard before we even think of revising this review for a recommendation