Absolute FX employs the scalping approach based on reversal patterns. Developed by Smart Forex Lab, the expert advisor boasts of 99.5% proven profitable trades. As per the vendor, the maximum win rate is achieved by the EA when it uses the trend-following approach.
Aleksei Ostroborodov is the founder of Smart Forex Lab. He is based in Russia and has more than 5 years of experience in developing FX trading tools. Aleksei has created 14 products and 18 signals in his portfolio. Other products of the developer include True Range Pro, Traffic Pro, FX Rover, Euphoria, and more.
The highlights of Absolute EA
Here are some features we found in the system that according to the developer set the expert advisor apart in the market:
A calculated or a hard SL or TP level is used. Other money management settings include trailing stop and the option of choosing manual, risk, or auto volume setting.
Maximum win rate
The developer assures 99.5% profitable trades with the EA. He states that the maximum win rate is accomplished when a trend-following approach is used along with indicators like Bollinger Bands and SMA for determining the direction of the trend.
As per the author, the FX EA uses a scalping approach that produces no loss. It is based on reversal patterns and does not carry any risk. It is a price action system with no dangerous methods like grid or Martingale.
Trading strategy of Absolute FX
According to the info that the author provides, this system uses price action and the scalping method. The strategy does not involve high-risk methods like grid or Martingale. Instead, it uses reversal patterns for identifying profitable trades.
A couple of backtesting reports are present for the ATS on the MQL5 site. One of the reports is shown above. From the results, we can see the backtesting done from 2015 to 2020 had generated a total net profit of $21,548 for an initial deposit of $3000. For a total of 351 trades, the profitability was 99.72% and the profit factor was 3665.78. A drawdown of 0.06% was present. The low drawdown and high profits reveal that low risk and effective approach was used.
Trading results in real time
A real live USD account using the Weltrade broker and the leverage of 1:500 on the MT5 platform verified by the myfxbook site is present. Here are a few screenshots of the results:
From the above stats, we can see that the system has generated a total profit of 42.45% for a deposit of $1000. For the account that started in February 2021, the daily profits are 0.085 and the monthly return is 2.48%. A total of 123 trades have been executed with 100% profitability. The drawdown for the account is 39.77%.
From the trading history, we can see lot sizes used range from 0.04 to 0.06. The big lot size and high drawdown indicate a risky approach. Further, the profits are not high revealing the faulty approach and performance.
Absolute EA price
You can buy this FX EA for $195. The vendor also offers a rental package that costs $40 per month. No further details of the package such as the features you get with the package are not present. No refund offer is present for the FX robot which makes us suspect the reliability of the system. When compared to the market average, the price looks reasonable.
For support, the vendor provides links to the social media pages on Facebook, Instagram, and YouTube, and a Telegram channel link. The message board feature on the MQL5 site can be used to contact the developer.
Are traders happy with Absolute EA?
Unfortunately, we cannot find user reviews for this FX EA on trusted third-party review sites like Forexpeacearmy, Trustpilot, etc. Although a few user reviews are present on the MQL5 site, there are high chances of the feedback being manipulated. Hence, we do not consider the reviews.
Absolute FXAbsolute FX
Customer Testimonials2/5 Bad
- It is a fully automated system
- Verified trading results
- Price is affordable
- High drawdown and bit lot size in real trading
- No money-back guarantee present