As I resume my analysis of Forex expert advisors, today I’m looking at the trading system that utilizes a custom algorithm for recognizing the origination of a trend, Apogeum Price Action. The creators of this software, believe that by taking advantage of price action, and other advanced technologies, that they can ensure a high level of accuracy when opening trades.
The EA is owned and operated by Ivan Pochta, a Forex trader located in the Ukraine. Ivan it has produced multiple products for the MQL5 marketplace, including the PergrimEA, SymbiosisEA, EvoNightEA and MacmyEA. Each expert advisor is built separately, and uses a different trading approach and strategy that Ivan feels confident in. Despite reviewing many products on the MQL5 marketplace, this is the first time that I am putting together a full analysis of one of Ivan’s products. To get in touch with support, traders can message Ivan directly via his MQL5 profile.
Apogeum Price Action Review
The Apogeum Price Action robot is described to us as an investment strategy that uses a medium-term trading style while being designed for long-term use. I’m not exactly sure what that means, because you would think that a long-term trading style would be for long-term use, and a medium-term trading style would be for medium use. That doesn’t seem to be much clarification on this either, and I don’t want to get stuck on this detail so I’ll just move past it.
Ivan is clear and telling us that his software “does not use toxic trading methods,” like martingale, or the averaging of losing positions. Instead, he wants traders to be aware that his software sticks to all of the principles of price action, hence the name of the product.
It would be nice if there was a little more information about the EA strategy, outside of the 4 to 6 sentences provided.
- Type: Forex Robot
- Price: $750
- Strategy: Price Action
- Timeframe: M15, M30, H1
- Pairs: EURUSD, EURAUD, EURCAD, EURJPY, GBPUSD, GBPJPY, USDJPY, XAUUSD
There are two aspects in the Apogeum Price Action breakdown that I wish to discuss, the price and the time frames. Starting with the price, this trading software is more expensive than most of the systems available in this market. At $750 for a license, I hope that Ivan has some pretty incredible trading results to provide us with. Traders can also access the software for $500 per year, $350 for 6 months, $250 for 3 months, and $130 for 1 month.
I also found it interesting that the EA allows for multiple time frames. I would like to know if all the time frames perform similarly, or if there is a certain type of trading style that each timeframe is better suited to.
In terms of trading results, I finally Apogeum Price Action EA to be lacking. There are multiple back tests available, as well as screenshots of Myfxbook accounts, but for some reason I can never find the actual accounts myself. I don’t know why the vendor is an providing us direct access to these accounts, but it certainly adds to my skepticism. There is no real purpose for an EA vendor to give us screenshots of trading accounts, when we could access them ourselves.
In looking directly at Myfxbook, I can see that there are 2 accounts, and one of them was deleted, so I can’t imagine it performs very well. The only account I do have access to, is the Apogeum Conservative, and I believe that this is actually a separate EA, so I’m not sure how much we can really go off of here.
Regardless, this account is showing a very minor gain of 1% in the span of a couple of months.
There are currently 8 reviews available, and all of them paint the Apogeum Price Action software, as a 5 star product. One of these reviews linked to a comment they made at an earlier time, which again was just a screenshot of a Myfxbook account. I’m not sure why the vendor and the client would both be providing screenshots from this platform, when they offer easily accessible widgets that offer direct access to the accounts.
There are certainly aspects of this expert advisor that intrigued me. Obviously, I am a big fan of price action, which makes the Apogeum Price Action EA an attractive proposition. With that being said, I would still like to see some real trading accounts before I consider spending $750.
If you have anything you’d like to add to this review, please leave your comments and questions below the article now.