Darwin Evolution Review: Things to Consider Before Investing

Darwin Evolution

Darwin Evolution is a Forex robot that does not need any optimization since set files are supplied with it. The vendor advises that you mainly trade it on the EURUSD currency pair using the M1 timeframe. To begin trading with the system, you need to have a minimum of $200 in your account. 

The inventor of this program is a self-employed professional trader known as Guillaume Duportal. He is a resident of the United Arab Emirates, and his portfolio reveals he has been in this market for 3 years. So far, Guillaume has not created other trading systems, only Darwin Evolution for both the MT4 and MT5 terminals.  

Vendor’s profile on MQL5
Vendor’s profile on MQL5

The highlights of Darwin Evolution

You will find below some of the features that the developer feels makes this robot unique:

Supports all brokers

The EA can work with any broker despite their quotation, spreads, fees, execution speed, etc. 

Multiple-currency support

Darwin works on 28 different trading instruments simultaneously. These currency pairs include AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, and many more. 

Incorporates more than 8 filters

These indicators are used to keep the drawdown levels low and maximize profits. 

Innovative news filter

This feature includes disconnection schedules that prevent the robot from trading prior to and after the news and also during independent hours for major news like BCE, FOMC, Fed, etc. The vendor recently included a specific news filter for nocturnal news. 

Trading strategy of Darwin Evolution

According to the vendor, this advisor was created with a long-term vision in mind. He explains that the EA is not a fast scalper and can remain on standby for over a week waiting for the perfect chance to place trades. Other times, Darwin keeps positions open for a number of days or weeks to limit the DD and maximize profits. 

Backtesting reports

The developer backtested the efficiency of his trading strategy and the results are presented as follows:

Backtest data of Darwin Evolution
Backtest data of Darwin Evolution

The testing period was between 2017 and 2021. Overall, a total net profit of $25930.74 was realized from 285 trades. The average loss of -$123.48 was slightly higher than the average win ($117.16), which suggests that the EA had a higher chance of losing trades than winning them. 

A small drawdown of 2.64% was made. From this value, we can tell that trading risks were minimal. A closer look at the yearly performance reveals that 2020 had the highest profit amount—$7599.84.  

Trading results in real time

Live trading statistics on Myfxbook
Live trading statistics on Myfxbook

Compared to the testing period, the profitability rate of the system in the live market is rather low. As you can see, we have a monthly profit of 2.20% and a total growth rate of 12.60%. The drawdown rate is 9.06%, and as such, low risk trading is applied. Other trading parameters are not disclosed, probably because they are not pleasing. 

Performance of trades on Myfxbook
Performance of trades on Myfxbook

From September 2021 to date, the EA has only implemented 25 trades. All the short positions have brought in profits. The same cannot be said about the long positions as they have an 83% success rate. There’s an average trade length of 19 hours and 40 minutes and an average win of 18.73 pips against an average loss of -20.55 pips. 

Risk of ruin
Risk of ruin

This account is about to get burned. 

Monthly profits in 2021
Monthly profits in 2021

Small profits were generated in 2021.  

Monthly gains in 2022
Monthly gains in 2022

The EA struggled to make profits in January. February is by far the most lucrative period since the system began trading last year. 

Darwin Evolution price

Darwin Evolution is available at $999. A renting option is also provided, and its annual plan costs $690. The developer doesn’t include a money-back guarantee in any of the offers. 

The system’s pricing options
The system’s pricing options

Customer support

The only means you can use to contact the vendor is by airing out your concerns on the comments section available on the MQL5 website. 

Are traders happy with Darwin Evolution?

Traders seem to be happy with this EA going by the 5-star rating they have given it on MQL5. In summary, they are saying that the robot works well, produces profits, trades reliably and safely, and offers good customer support. One of the clients indicates that the system is a bit expensive, something that we have also noted. 

Customer reviews on MQL5
Customer reviews on MQL5

Darwin Evolution

Darwin Evolution
3 5 0 1
Users of Darwin Evolution confirm that it works and makes profits for them. But we are concerned about the low profitability system in the live market. The vendor’s move to hide some of the trading parameters is also suspicious. Moreover, the account’s high risk of ruin means that the EA’s trading activities lead to more losses than wins. So, you might lose your entire capital within a short trading period.
Users of Darwin Evolution confirm that it works and makes profits for them. But we are concerned about the low profitability system in the live market. The vendor’s move to hide some of the trading parameters is also suspicious. Moreover, the account’s high risk of ruin means that the EA’s trading activities lead to more losses than wins. So, you might lose your entire capital within a short trading period.
3/5
Total Score
  • Profitability
    2/5 Bad
  • Strategy
    3/5 Neutral
  • Reliability
    3/5 Neutral
  • Price
    2/5 Bad
  • Customer testimonials
    4/5 Good

Advantages

  • Supports many currency pairs
  • Positive customer reviews

Disadvantages

  • Expensive
  • Low profitability rate
  • High risk of ruin
  • Hides some trading data
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts