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EA Review: ATS Hilo

Today I’m looking at a new Forex expert advisor that uses a strategy based on breakouts of high and low values, ATS Hilo. This robot is one of the most popular MT4 based experts on the MQL5 website. The creators last updated the software to version 3.3 on September 6th.

The developer of the software is Gennady Sergienko, located in Russia. He has 2 products on the market, this one the cheaper of the 2, as his CounterTrend Indicators System (CIS) goes for nearly $1000.

In order to get in touch with support, there is no email address but traders can message Gennady, through his profile on the MQL5 website. Traders can also leave comments and reviews on the main sales page.

For all our Forex robot ratings, go here.

ATS Hilo Review

This EA is built with the purpose of allowing traders to strategy test, optimize and find settings that work best for them. This puts a lot of the burden on the client, as they essentially have to find a method for the ATS Hilo to trade. On top of this, traders are required to have a low spread broker and a virtual private server that can provide very low pings. So, the likelihood of this system working on your current brokerage is slim. You would most likely have to register with a new brokerage in order to get the results you are looking for.

The developers tell us that the breakouts of high and low values is actually a very popular strategy that’s “regularly used as a basis for many trading systems.” What they believe sets them apart from some of these other trading systems, is that they have very clean code so that the system operates faster than their competitors. Without this speed, the software wouldn’t perform well, so they spent a lot of time making sure that there were no unnecessary functions.

Breakdown

  • Type: Forex Robot
  • Price: $89
  • Strategy: Scalper
  • Timeframe: M1, H1
  • Pairs: EURUSD, GBPUSD, USDJPY, GOLD

The ATS Hilo EA is the cheapest system I’ve reviewed on MQL5 to date. Generally, the products on this website are too expensive. So, even if this scalper doesn’t interest us, at least it’s a sign that the prices may be coming down in this marketplace.

Trading Results

One of the main issues with the MQL5 products, is that they don’t provide us with adequate trading results. The community comes across as a group of intelligent developers and traders, so I’m not sure exactly why they can never get this part right.

In this case, much like the others the ATS Hilo developers provide us with a couple of different setting packages, and some screenshots of back tests with 90% modelling quality. In 2010, this type of result showcase would be normal and justified. Yet, here in 2017 with the majority of trading systems utilizing live data, back tests are increasingly unreliable. As far as I’m concerned, the only way forward is through statement sharing services like Myfxbook and FXStat.

In this day and age, it is important that we have transparency and verified trading results.

Client Reviews

There are currently 13 reviews for the ATS Hilo product, with an overall score of 4/5 stars. However, in recent times the reviews have turned negative, with the last 3 reviews being all one star reviews. Up until this point every single review was 5 stars which makes me wonder if the system is not being supported, or if it has fallen out of favor with the markets.

Whatever has happened, hopefully Gennady can resolve the issues and get back to acquiring more 5 star reviews.

There are also quite a few comments recently from people who claim that they can’t get a response from support anymore.

Conclusion

As of right now, I don’t see myself registering with the ATS Hilo scalper just yet. While I certainly enjoy scalping, and testing new scalping EA’s, I just don’t believe that this system is providing me with enough proof to make me want to pull out my credit card immediately. Obviously, I will monitor this system moving forward and see if the client feedback turns to a more positive outlook as we get closer to 2018.

Thanks for reading the review, and please leave a comment with your experiences below the article now.

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

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