Unbeatable EA is a Forex expert advisor that works on the Metatrader 4 and 5 trading platforms. As per vendor claims, it uses advanced machine learning techniques to generate consistent profits. However, this is something we need to verify by conducting our own investigation.
This is an EA that trades in multiple pairs and is backed by verified trading results. But it has a very short trading history and there is not much information available on the vendor. This makes us think that the robot is largely unproven in the live market and it does not have a stellar reputation. At first glance, this doesn’t seem like a reliable EA.
Unfortunately, the vendor has not provided any information on the parent company, so we don’t know its year of foundation or service history. Also, the identities of the traders and developers have been kept hidden, so we are highly disappointed from a vendor transparency perspective. On the official webpage, the vendor has shared the Skype ID and email address. If you wish to get in touch with the service team, you can use the contact form as well.
How Unbeatable EA works
This robot does not keep trades open for too long and typically closes them within a day. It has high execution speed and uses stop losses and take profits with each trade. According to the vendor, you can use it with Standard, ECN, as well as Zero Spread accounts. The company provides 24/7 support to all users and suggests signing up with the FBS or HotForex brokerages.
Timeframe, currency pairs, deposit
Using this robot, you can trade in pairs like USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/JPY, CAD/JPY, AUD/USD, and AUD/JPY. The vendor recommends running this robot on M15 charts. You can start with a small deposit of $100. However, if you are looking to trade in larger lots, you will need at least $500. The recommended leverage for this EA is 1:500.
There is no proper explanation of the trading strategy followed by this expert advisor. Without strategy insight, most traders would not feel confident enough to invest in this robot. The vendor mentions that Unbeatable EA does not use dangerous strategies like hedging or martingale, but provides no explanation for the actual strategy, which is extremely disappointing.
Pricing and refund
There are two distinct plans for this Forex EA. The first one lets you use the robot for a monthly price of $110, which is quite high compared to other services. You get access to 1 real and 1 demo account and also get to use the system free of cost for 7 days. The 2nd plan offers copy trading services and doesn’t have a subscription fee. You need to pay the company 30% of your profit every month. The vendor has a 30-day refund policy.
Here we have a live trading account for Unbeatable EA that was launched on June 25, 2021. The trading results have been discontinued and the account has not been updated since July 09, 2021. This tells us that the vendor is not confident about the performance of their system. The EA has placed only 77 trades through this account, winning 78% out of them and generating a small profit of $56.50.
Currently, the daily and monthly profits for this account are 1.11% and 57.07%, respectively, while the drawdown is 12.71%. It has a profit factor of 3.63, but only because it ceased trading after a short stint in the live market. There is no way we can trust a robot that has such a short track record.
The vendor has shared the backtesting data in an odd format, so we cannot compare it with the live trading results. The EA used an initial deposit of $100 for this test, extracting a net profit of $2039.78 and maintaining a drawdown of 13%.
People say that Unbeatable EA is…
Doubtful. There are no user reviews for this robot on websites like Myfxbook, Quora, Forexpeacearmy, and Trustpilot. Clearly, it doesn’t have much of a reputation among traders.
Trading with this EA is risky because it is largely unproven in the live market. Also, it has highly monthly charges and the vendor has not explained the trading strategy.
|Money-back guarantee||Discontinued trading results|
|Lack of strategy insight|
|High monthly fees|
Unbeatable EA Conclusion
It makes little sense to invest in a system that has high monthly charges and discontinued trading results. We don’t know much about the vendor selling this product, so trading with this EA carries a whole lot of risk.