Today in this XT EURUSD EA review, we will be analyzing the trading performance of this EA and analyzing all the potential risk factors to decide whether investing money in this Metatrader 4/5 tool is worth its price.
On the MQL5 market, we have found that the developer of this XT EURUSD EA is Marzena Maria Szmit, located in Spain. Unfortunately, we know nothing about the trading history of this developer. The one thing we know is that he has a personal website called Mqlblue.com. Marzena claims to provide support in English, Polish, and Spanish through a contact form on his website. Traders can also ask questions or write reviews in the comments below the publications written by Marzena Maria Szmit.
We do not like that the trading activity of this expert advisor is hidden as well as there is no word mentioned about the money-back guarantee on the seller’s page published at the MQL5 market. Meanwhile, the best Forex EA apply a tried-and-tested approach to trading.
XT EURUSD EA Review
We do not recommend this XT EURUSD EA to the public. Our conclusion is based on:
- No real account trading result
- Hidden trading data and trade history
- Does not use a reputable 3rd party result-sharing site like myfxbook.com or FXBlue
- No information about the money-back guarantee
- The developer has no experience in the marketplace.
Notable features of this Forex expert advisor include a time filter, spread filter, and news filter for the protection of trading during important news and events.
XT EURUSD EA Strategy
The developer of this trading tool says that it includes a pending system with an optional second system, which can be manually turned on and off. The developer adds that the second system was included because it is very good and there may be times when the first system does not open any positions because there are no conditions for it. XT EURUSD works on price action, cycle strength, SMA strength, RSI, and another two custom indicators (built-in within the strategy). The developer recommends using it only with the EURUSD pair on the H1 timeframe.
- Type: Forex Robot
- Strategy: Price action
- Timeframe: H1
- Pairs: EURUSD, GBPUSD, USDJPY, and USDCAD.
- Price: $399
- Terminals: MT4 and MT5.
The XT EURUSD EA is available to buy for $399 on the MQL5 market. There is no rental option available at the moment. Traders interested in the purchase of this automated trading tool can ask for a free Demo account to test the software before purchase.
The developer failed to provide trading results verified by reputable third-party websites like myfxbook.com or fxblue.com. Therefore, we decided to conduct additional research to see at least 1 live trading account to see the trading performance of the XT EURUSD EA. We discovered that the vendor is using a different platform called FXMerge for result sharing. It is unknown who owns fxmerge.com, therefore results can be grossly manipulated.
The account was launched in January 2022. It is a demo trading account running on the MT4 platform with IC Markets and a 1:500 leverage. Since the time of activation, it has obtained a gain of over 1,167.69%, with a daily gain of 0.55% and a drawdown of 11.26%.
The robot is trading EURUSD currency pair only. Traders should not even bother using this robot on any other currency pair.
For the whole history of trading, the XT EURUSD EA has placed 1994 trades and 12079.60 pips. It has won 1374 out of 1994 trades, which represents 68.91%. Its average profit result is 16.28 pips with an average loss of -16.60 pips. The average trade duration is 42 minutes. The profit factor is 2.25.
The trading activity data is completely hidden. It is not a good sign for a developer who wants to gain trust and reputation in the highly competitive Forex marketplace.
XT EURUSD EA Review Conclusion
Taking into account that the robot is a new one in the Forex market (Published December 2022), we insist that the developer should publish their results on a reputable 3rd party statement-sharing site like myfxbook.com or FXBlue.com. The lack of myfxbook.com results discourages people to invest their money in new expert advisors, especially if the developers have a sparse trading history in the marketplace. We do not like that the trading activity of this expert advisor is hidden as well as there is no word mentioned about the money-back guarantee on the seller’s page published at the MQL5 market. Without wasting words, we are in no position to recommend XT EURUSD EA to the public.
Even so, the best Forex EA attract a pleasing trade experience. A reasonable strategy attracts good profits on your hard-earned funds. It is best if you avoid XT EURUSD EA until it updates transparency.