Today I’m reviewing a new Forex robot by a developer that believes that market momentum should never be wasted, StoneBreaker EA. The product is created by an Asian developer, so it’s somewhat difficult to understand every aspect of the strategy, and methodology, but I’ll do my best to provide you with the full analysis today.
Owned and operated by Yip Sin Hang, located in Hong Kong, this vendor has four products on the market, under the moniker of Inrex EA. These expert advisors include “Never all but luck,” “Miner Parafly” and “Cobweb by Inrex EA.” None of these products are very popular on the MQL5 marketplace, with each of them having zero reviews, and just a few comments each.
StoneBreaker EA Review
The Stonebreaker robot looks to diversify their operations, by utilizing different lot sizes to take advantage of their scalping strategy. Alongside the scalping, the robot also uses hedging, price action and order protection via the martingale methodology. I’ve never heard of martingale trading as a protective measure, as this strategy is generally one of the riskiest trading approaches employed by any expert advisor.
The developer tells us that 90% of the market is either ranging are swinging, so the robot focuses on these market conditions, and looks to scalp whenever opportunities arise.
Yip Sin Hang also believes that it’s very important to keep the drawdown low, and claims that clients should expect a drawdown of approximately 9% on $3000 accounts. Low drawdowns like these are not very common in the Forex marketplace, but can be seen frequently on the highest rated Forex robots here at Forex Robot Nation. Examples of profitable trading robots with very low drawdowns include Forex Fury and Forex Steam.
- Type: Forex Robot
- Price: $799
- Strategy: Scalper
- Timeframe: Undisclosed
- Pairs: Updated Weekly
- Minimum Deposit: $3000
This is one of the more interesting breakdowns of done in recent weeks, because the StoneBreaker EA developers are using a sliding scale for the price of their Forex robot. Every single time somebody purchases the robot, Yip Sin Hang increases the price by $5, until the max price of $2000 is reached. He started at $339, and now the system is up to $799 per license. While I think his approach is interesting, I find that it’s an annoying marketing tactic to create unnecessary pressure on potential clients. It’s easy to see scenarios where clients aren’t sure if they want to purchase the software, but go ahead and buy it anyways, because they don’t want to have to pay more in the future.
Something I do appreciate, is that the development team informs the client of which pair to trade every week. This goes to show that the vendor is actively involved in the performance of the software.
The EA was first released September 12th, 2018, and is currently on version 1.4 with the most recent update coming on September 19th, 2018.
The vendor currently provides us with a backtest, a video and a handful of screenshots, but there is no real concrete StoneBreaker EA trading statements, or verified results.The vendor would benefit greatly in providing the community with real trading results hosted on a statement sharing provider like Myfxbook or FX Blue.
Without active trading results, or full trading statements, I don’t see how anyone could stomach paying nearly $800 for product that isn’t proven to work by the development team. If Yip Sin Hang can’t show us that is expert advisor works, I don’t see how he can charge anyone for it.
There are currently 6 reviews available on the StoneBreaker EA sales page which add up to an overall 4.5/5 star rating. This is a great rating, but considering the robot came out just a few days ago, I don’t think traders should be leaving reviews yet until that use the software for much longer period of time.
Here are the 2 most recent reviews:
I’m not ready to shell out nearly $1000 for the StoneBreaker robot because there are no verified trading results, and the system is simply too new. Our best bet is to watch the software perform from the sidelines, and hope that the vendor starts to provide us with verified trading results moving forward.
If you’ve anything you would like to add to the review, please leave your questions and remarks below the article now.