Today I’m looking at another new Forex expert advisor promising to offer traders a safe way to invest in the largest financial market, EADulf. According to the developers, they debuted this Forex robot in 2017, with the goal of helping their clients make better decisions, and become more successful. Despite this claim, this is the first I’m hearing of the robot, and the only reviews for the system have popped up over the last 2 weeks.
It is not known who the developers of this expert advisor are, as they provide no details of their trading history. They also failed to provide us with an address, or any information about their background in Forex marketplace. I’ve seen this lack of detail multiple times in the last couple of reviews, and this lack of transparency is not a positive. In order to get in touch with support, traders can email email@example.com.
The EADulf developers mention multiple times the traders do not require any prior experience in investing to utilize their robot. This is one of 9 features that the programmers highlight in the sales page, and what the community to be aware of. The other 8 include a low minimum deposit requirement, full automation, continuous updates, user friendliness, smart money management, 24/5 support and a strategy that doesn’t include scalping or hedging.
The developers believe that hedging and scalping are both short-term strategies that can cause great losses over time. Personally, I disagree with this sentiment, as scalping is one of the main methods that I rely on, and have relied on since I started trading over 10 years ago.
That being said, we can take from this that the developers are focused on a long-term strategy. What this strategy is, is sadly not discussed by the developers in any detail whatsoever. So, the only thing we actually know about their strategy, is that it doesn’t incorporate scalping or hedging. This does not provide us with a lot of information at all, and is a red flag I’ve seen in other recent reviews of the Tension Trader, and Avail Forex EA.
- Type: Forex Robot
- Price: $299
- Strategy: Undisclosed
- Timeframe: H1
- Pairs: EURUSD
There are currently 3 packages available for traders looking to sign up with the EADulf Robot. The basic package costs $299, and provides 12 month access for 1 license. The advanced package costs $399, and gives traders an additional 6 months, for a total of 18 months of access for one license. The last option, is the ultimate package going for $499 and providing traders with 2 licenses over an 18 month period.
Generally, I prefer trading systems that give us lifetime access, because it’s hard to stomach paying $400 every year and a half to continue using the software, when other systems will only charge you once.
There is currently one back test, and one Myfxbook account showing how the EADulf software trades. As I stopped putting my trust in back tests years ago, my main focus will be on the a live trading account, that they are running on the IFC Markets brokerage.
The Myfxbook account is showing a gain of just over 10%, but it’s only been running for a week. Considering the development team told us that this system debuted in 2017, I find it odd that their trading results have literally just started. You would think that if the robot debuted in 2017, that they would have results from 2017. This makes me wonder if they did have results, and that the accounts crashed, so they had to create this new one. This is obviously just a theory, but I can’t seem to think of anything else that justifies this action.
There’s really nothing else to comment on regarding the results at this point in time, because the sample size is too short to really get a grasp on how the software trades.
We are certainly in wait and see mode when it comes to the EADulf robot, so let’s see how the system performs on this account over the next few months, and then make our judgments. If there is anything you would like to add to this review, please leave your questions and remarks below the article now. Thank you for visiting Forex Robot Nation, and feel free to email me anytime.