FXSecret Immortal is an FX robot that uses a blend of strategies for successful results. As per the vendor, the ATS has high profitability and good drawdown control. The system uses money management features like automatic lot size calculation and SL level depending on the risk parameters set by you. While the vendor has verified trading results, we find a high drawdown in the results that make the approach risky. Further, the lack of info concerning the vendor and inadequate support makes us suspect this is not a trustworthy expert advisor.
As per the info present on the official site, the company comprises a team of successful traders excelling in delivering automated trading solutions. The company was founded in 2012, but the vendor states that the FX robots were developed in 2009. There is no info on the developers’ team like their expertise and experience. We could not find a location address or phone number for the company which raises doubts concerning the reliability.
How FXSecret Immortal works
The official site does not reveal much info on the FX EA and its features. As per the vendor, the system uses three different and well-combined approaches. The settings include automatic calculation of lot size based on the risk parameters you have set initially. Similarly, the SL levels are also automatically set by the FX robot.
Timeframe, currency pairs, deposit
The vendor does not provide info on the currency pairs this system works on. There is no info on the leverage, timeframe, etc. to be used for trading. A minimum deposit of $1400 is recommended by the vendor for reliable trading. The lack of info makes us suspect this is not a reliable expert advisor.
Although the vendor claims that this FX EA uses three trading methods for successful and stable results, there is no mention of the strategies used. Instead, the vendor gives a vague explanation of the new combination that does not allow long unprofitable periods. The absence of info on the strategy raises a red flag for this FX robot.
Pricing and refund
To purchase this FX robot, you need to shell out $549. The features included in the package are a single account license, MT4 and MT5 versions, easy installation settings, 24/7 support, and the facility to change accounts any number of times you want. There is no money-back guarantee which makes us suspect this is an unreliable system. Further, compared to the price of other similar products in the market, we find the cost of this system is expensive and not worth it.
No backtesting reports are present for this EA. However, a real USDCent account using the Forex4you broker on the Metatrader 4 terminal verified by the myfxbook site is present on the official site. Here are a few screenshots of the trading results:
From the trading stats, we can see the FX robot has generated a total return of 11327.3% and an absolute profit of 3376.75%. The huge difference in the two values suggests that the approach used is risky. Other stats of importance include the daily profit of 0.15% and the monthly profit of 4.72%. A drawdown of 65.84% is present which indicates the EA uses a dangerous approach.
Although the vendor maintains that the huge drawdown was before the combined strategies were implemented, a high drawdown is still seen after the use of the new approach. For the account started in 2013, a total of 2994 trades have been executed with a profitability of 56% and a profit factor of1.15. The trading history reveals varying lot sizes ranging from 0.13 up to 0.52. We find the big lot sizes are another indication of the risky approach.
People say that FXSecret Immortal is…
Not recommended. From the user feedback on the Forexpeacearmy site, we find that the system did not perform well and resulted in the loss of capital. The big losses that the user mentions corroborate our analysis that reveals the risky approach and poor performance. Traders can easily lose their capital with such an unreliable system.
|Fully automated system||The strategies used are not revealed|
|Verified trading results||High drawdown indicating a risky approach|
FXSecret Immortal Conclusion
FXSecret Immortal claims to provide consistent profits with its use of combined strategies. Our evaluation of the features, functionality and other aspects reveals the claims are not true. The lack of vendor transparency and negative feedback indicates this is an unreliable FX robot. Furthermore, the high drawdown indicates this EA uses a dangerous strategy that can put your capital at risk. The exorbitant price and lack of a money-back guarantee also confirm this is not a reliable system.