The vendor asserts that the Comeback Kid EA can trade effectively to generate 5-10% profits monthly and, at the same time, minimize risks. As such, the default settings take extremely low risks on every position to ensure the drawdown level remains low on recovery cycles. However, we have learned that these statements are false. The system engages in risky trading activities and hence cannot be trusted to keep your account safe.
The Comeback Kid EA was created by Ryan Brown, a self-proclaimed professional trader. He purports to have more than 16 years experience in the field. Unfortunately, he does tell us the names and qualifications of the professionals he works with. Furthermore, no information is given about the parent company’s location, year of foundation, or contact details. Subsequently, its reputation in the market is unknown.
How the Comeback Kid EA works
According to the vendor, the system has the following features:
- It requires the MT4/5 platform to run.
- Applies smart multi-order risk management.
- Uses money management techniques.
- Has a built-in trade recovery setting that recovers lost trades.
Timeframe, currency pairs, deposit
The robot can trade any currency pair, including AUDCAD, AUDUSD, CADJPY, EURAUD, EURCAD, EURJPY, and many more. It works on short time frames, and the minimum recommended deposit to start trading with it is $3k. The suggested leverage is 100:1.
The Comeback Kid EA applies 2 distinctive trading approaches:
- An in-built averaging-in flex-grid system – focuses on key S/R resistance points to recover trades that make losses. The vendor wants us to believe that although the EA uses grid, it will not put your account at risk. This is because it exercises caution when taking these positions. As such, it places a grid of orders when it has ascertained that the price will likely move in your favor. Nonetheless, we are not convinced. The dangers associated with the grid method cannot be ignored.
- A trend trading system – supposedly gives you great entries after the trend has a pullback.
We are also disturbed by the vendor’s failure to mention that the martingale method is on the board. Ryan doesn’t want you to know that the system will gamble with your money.
Pricing and refund
The Comeback Kid EA costs $497. We don’t think that the system is worth the money. This is because it is expensive, lacks a refund policy, and uses dangerous trading methodologies.
The data indicates that the strategies used by the Comeback Kid EA were tested between January 2000 and July 2021 on the M30 time frame. The initial deposit was $3000, and after 21 years, only $2661.84 was made. Clearly, this is not something to boast about.
The total trades were 1587. Only 68.67% of the short trades and 70.52% of the long trades were successful. The maximum drawdown was 12.73%.
This data tells us that the account was deployed on June 16, 2021, and till now, it has recorded a gain of 17.3%. A large deposit ($30,674.36) was placed and a profit of $5171.20 has come out of it. The robot’s return rate is obviously low as it is making a profit of 4.36% on a monthly basis. The drawdown rate is acceptable — 9.19%.
So far, the robot has implemented 514 trades, but their performance is subpar. This is shown by a profit factor of 1.63, and the win-rates of 62% for long positions and 64% for short ones. The average trade length is 19h 3 m. The average loss (-160.73 pips) is higher than the average win (117.34 pips). This means that the EA is more likely to make losses than profits.
From the statistics above, it is evident that the EA took wrong positions that cost the account a lot of money. The system tried to recover the losses by increasing the lot sizes, further worsening the situation.
The monthly profits are quite small.
People say that the Comeback Kid EA is…
This EA has no reviews. Several purchases have already been made, but we don’t understand why the purported clients have not given their views about the product yet.
|Backtest data and verified live trading results are available||Grid and martingale are present|
|Supports many currency pairs||Low profitability rate|
|It is too costly|
|Vendor is not fully transparent|
The Comeback Kid EA Conclusion
The Comeback Kid EA’s trading performance is repulsive. In addition to having a low profitability rate, the system implements dangerous strategies that increase the risk of making losses. It will decrease your capital in no time. In this regard, it is better you spend your $497 somewhere else where you will get value for money.