FXSecret Immortal works on MT4 and MT5 terminals and uses money management techniques to control the risk. The algorithm was developed by a private community of traders who started their work in 2009. They claim that it has high profitability with a drawdown control system in place. To see what the robot holds for us and if it can be good enough for the long term, we will look over the backtesting and live records
The highlights of FX Secret Immortal
According to the provider, the EA has the following features that set it apart from other algorithms in the market.
The algorithm can use money management techniques to control the drawdown. It calculates the size of the positions automatically.
The robot uses a combination of three different strategies based on the market conditions. It combines them all and applies the logic to a single account to yield the best results.
Trading strategy of FX Secret Immortal
Up until April 2018, the algorithm was using a different logic which was outdated, according to the developer. Afterward, a new game plan was introduced that involved combining three different strategies into one. The developer is not clear on the methodology, so we head over to the live records on Myfxbook.
From history, we can observe the use of grid and martingale strategies. The robot holds out trades for an average duration of 2 days, referring to a semi swing approach. It trades only on EURUSD.
The sharpe ratio is at 0.05 with a standard deviation of $690.95. There is a Z score probability of -13.51. The system has attained a total of 3939 pips as of now.
There are no backtesting records available for the product. We scanned the website but couldn’t find the output anywhere. This leaves us with many questions in mind about the future performance.
Trading results in real time
Verified trading records are available on Myfxbook. From May 27, 2013, till the current date, the system made an average monthly gain of 4.73%, with a drawdown of 65.84%. The risk-reward is 10:1, which requires a high winning rate for the robot to stay in a profitable state. The winning rate stood at 57%, with a profit factor of 1.16.
The best trade was $11908.37, while the worst was -$8000.20 in a total of 3060 trades. The developer made $1836 in deposits on a cent account.
FX Secret Immortal price
The company gives the algorithm $549, with one license available for a single MT4 and MT5 account. There is a lifetime support available. The author does not provide any money-back guarantee.
The only way to contact the developer is by filling a form on the website and leaving your email address. With the purchase of the robot, the support is available 24/7.
Are traders happy with FX Secret Immortal?
There is a single review present on Forex Peace Army where a trader leaves a review for one of the company’s other robots. They state that the positions from the system were closed manually.
FX Secret ImmortalFX Secret Immortal
Trading Strategy3/5 Neutral
Live Results3/5 Neutral
Customer Support3/5 Neutral
User Reviews2/5 Bad
- It has live records on Myfxbook
- No solid information on the strategy
- No transparency of developer
- Uses risky grid strategy