Amaze is a fully-automated Forex trading system that claims to be able to identify and exploit global vulnerabilities in the market. It is an open system that lets you edit and optimize all the parameters. You can run this robot on Metatrader 4 as well as Metatrader 5 trading platforms.
This robot is highly customizable and the vendor offers it at an affordable price. Nevertheless, it has no verified track record of winning profits in the live market. Also, the vendor does not entertain refund requests, so you are on your own in case it fails to generate profits.
Vendor transparency
The developer behind this system is Anton Kondratev. Based in Russia, the developer claims to be proficient in several programming languages. He has an official Telegram channel and has been selling products on MQL5 for roughly a year. We don’t know much about their background or the people they work with. Apart from Amaze, he has another expert advisor called Divo.
How Amaze works
For each trade, the EA uses a take profit and a fixed stop loss. The maximum permissible drawdown is determined by the risk parameter. There is an optimization model you can use to swiftly calculate all transactions. This hastens the optimization process for finding other profitable currency pairs. For each pair, the system uses a single trade. If needed, you can use a trailing stop and a virtual stop loss.
Amaze has protection from major financial news releases. It automatically detects night gaps and uses protection, not using them in calculations. The main objective of the EA is to achieve a full take profit which is about 1000 points. It is protected against broker slippages, large spreads, gaps, and repeated levels. Amaze avoids trading at night. You can enable the news filter to place trades based on news releases. It independently analyzes your broker to adapt to delays and slippage.
Timeframe, currency pairs, deposit
For leverage of 1:500, the minimum required deposit is $100. The vendor recommends loading the EA on an H1 chart for EUR/USD. It is also recommended that you use brokers with minimal and zero spreads and a VPS with a ping less than 5ms.
Trading approach
Amaze avoids using risky strategies like arbitrage, martingale, and grid. Also, it does not use indicators for making entries. That being said, the developer has not clearly explained the trading strategy for this expert advisor.
Pricing and refund
The current price of this EA is $345. Compared to the market average, the price is not very high. There is a free demo version of the system you can download for testing purposes. Unfortunately, the vendor does not offer a money-back guarantee.
Trading results
For this backtest, the EA conducted 209 trades, winning 98.56% of them and generating a total profit of $22344.59. Apart from the very high win rate, it also has an incredible profit factor of 37.89. There were 137 maximum consecutive wins and only one consecutive loss.
Unfortunately, the developer has not shared the verified trading statistics for this EA. All we have is a live monitoring account on MQL5 that was launched on March 24, 2022. This account has a trading history of just 39 days, which makes it difficult for us to assess the performance of the robot.
To date, only 62 trades have been placed through this account, out of which 88.70% have been closed in profit. The win rate is low compared to the backtest, but it’s still quite impressive with respect to other robots. At this moment, the total profit for this account stands at $42.97. The drawdown for this account is quite high at 35.9%. This tells us trading with this EA carries a high risk of ruin.
People say that Amaze is…
Doubtful. At this moment, there are no reviews for this expert advisor on trusted third-party websites. This indicates a lack of reputation.
There are a few reviews on MQL5, but we cannot consider them authentic.
Verdict
| Pros | Cons |
| Affordable price | No verified trading results |
| Lack of strategy insight | |
| No refund policy |
Amaze Conclusion
Amaze is an expert advisor that has no verified track record of winning steady profits in the live market. We are not entirely sure what kind of strategy it works with, and there is not enough information on the developer. It lets you perform advanced configurations, but the vendor does not have a money-back guarantee policy.
