EA Thomas is a trading system that comes with detailed setup instructions. It is recommended that you use Exness as your choice broker for better trading conditions. The robot works with a minimum spread of up to 30 pips and a maximum slippage of 5 points.
This algorithm was written by Vitali Vasilenka, a Metaverse Creator at EA Quantum Lab. He is a resident of Belarus and also the creator of 17 other trading systems. For now, his profile also includes 14 published signals and 24 subscribers. Mr. Vasilenka has 2 years of programming experience.
The highlights of EA Thomas
This section describes the characteristics of the EA that distinguishes it from the competition:
The system features two modes, namely conservative trading and aggressive trading. The former prompts the robot to trade safely while the latter influences it to approach the market fiercely.
You are required to have a minimum balance of $500 in your account for the bot to begin trading.
EA Thomas is designed to work with the XAUUSD currency pair. No other instrument is supported at the moment.
According to the vendor, the robot works best on the H1 timeframe.
Trading strategy of EA Thomas
EA Thomas trades 5 different strategies incorporated into other systems developed by the vendor. As such, it executes deals using trend direction detection, flat definition, trend reversal, HFT systems order management, and determining trade volume. As per vendor, the robot concurrently evaluates 5 entry points on different charts based on the risk level. As a result, you will be able to choose which strategies you want to use to search for trades and on what timeframes.
We can see that during the 2019-2022 simulation period, the EA traded the XAUUSD currency pair on the M5 chart. Consequently, a total net profit of $16,565,611.08 was produced from a small investment of $100. The profit factor (1.41) was relatively small, suggesting that the losses were just as high as the profits. From a drawdown of 6.95%, it is obvious that the robot didn’t trade aggressively. The completed trades were 89,682, while the win rates for the short and long positions were 96.27% and 96.61%, respectively.
Trading results in real time
The account has reported a 101% growth rate after 30 trading days, a performance that is praiseworthy. Unfortunately, trading risks are also very high as the EA has consumed nearly 40% of the user’s investment. There are 472 executed deals, which have a profitability rate of 70.76%. As a consequence, the user is $1,011.99 richer. As of now, the average profit is $5.59, whereas the average loss is -$6.20.
EA Thomas price
EA Thomas can be bought for $149 on MQL5. This price tag is fair for expert advisors sold in this market. Unfortunately, the vendor is likely to increase the product price to $499 in the near future.
Customer support is provided through the MQL5 website’s comments section, WhatsApp, Telegram channel, and phone.
Are traders happy with EA Thomas?
The robot has received mixed reviews from clients. Some traders state that the EA is stable and generates outstanding results.
Others disagree and say that the tool makes small profits and has a huge drawdown. Customer service is also very poor if you believe the comments left on the robot profile.
Finally, no verified account exists for the robot on any authoritative third-party websites.
The bottom lineThe bottom line
Customer testimonials3/5 Neutral
- Backtest results are included
- High drawdown
- Short live trading history
- Unrealisticaly high profitability rate