EA Impala is a new Forex robot that’s based on statistical models. The developers claim that their service provides an average income of over 340% per year, does not require a deep knowledge of Forex and is a stable source of passive income for years to come.
Today I will be providing an in-depth review and letting the Forex robot nation readers understand if this is the type of software we should be using in our daily trading.
EA Impala Review
The EA Impala results come in the form of an 11 year back test. Here we can see that the software wins 82% of its trades, has unexpected payoff of 5.61, a profit factor of 3.61, a drawdown of 9% and overall earnings of nearly $1 million in this time frame. The issue with these results is that it’s a back test and while I appreciate all the strategic testing available they are missing one important element. In order for a back test to be relevant there has to be some form of live testing available as well. Sadly, there is no my FX book account or any other statements sharing service. I would be happier even with just a couple of months of demo account testing quite frankly.
The developers of the Impala EA believe that they have created a profitable trading algorithm that uses a specific entry strategy which will trade day and night. The software is being sold $159 for a single license and $254 for a double license. There is an image of a phone on the website next to a timer that can be used as an application to get this opportunity free of charge. It looks like they’re trying to get our email address and phone number which I really don’t like giving out online.
At this point in time I can’t stomach recommending the EA Impala to the Forex robot nation readers. It really doesn’t make sense to me why this developer would provide us with an 11 year back test and then not run the software to prove that it works in a live environment as well. The only thing I can conclude here is that the software doesn’t work well on live accounts. Everyone in this market knows that you can’t sell a system for over $150 without any results. If you think I’m being too harsh or you’ve tested the software want to let me know how you’re doing please leave your comments and questions below the article. I appreciate you spending the time to come to Forex robot nation and I hope that the articles here your help you become a better trader.