EA Tech is a new Forex robot developer claiming to provide the most powerful systems in 2020. The robots come with built in money management and advanced trading strategies to make for a very low drawdown potential. Today we will be providing a review and letting the community know if we feel this is a viable service or not.
The creators first purchased the domain in 2018, launched the software in late 2019, and started selling it in 2020. They tell us that they are “a group of like-minded professionals in the area of finance and information technology with the simple aim of making a profit in the Forex market.” They believe the main difference between themselves and other developers in this market, is that they use their own products in daily trading. While they do provide some background, they do not introduce us to any of the creators, so we cannot verify their identities or reputations.
There is no address provided for their head offices, but support can be contacted via telegram, skype or email firstname.lastname@example.org. It will take 24-48 hours to receive a response.
EA Tech Review
The EA Tech website is made up of a few sections, covering their expert advisors, services, news and trading results. Unlike most services we review, this developer is selling three different robots:
- EA Tech V3
- EA Tech V4
- Repede Pro
In order to determine the viability of the service provider, we will have to look at each system individually. Only then will we be able to conclude if they have best Forex robot potential.
EA Tech V3
The V3 version of the robot is being sold for £99. At this price, traders get access to a fully automated trading robot compatible with MT4 brokers. It trades on the H1 time frame, and works with a minimum deposit of $100. It also comes with a two week money back guarantee, and requires a minimum leverage of 1:30. In terms of performance, the vendor promises 10% to 70% profit per month and a drawdown of 10% to 40%.
The EA tech team provide 12 different parameters, and give some limited strategy insight. There are no specifics about the strategy, outside of the parameter explanations.
EA Tech V4
The V4 version of the robot is being sold for £199. At this price, traders get access to a more advanced software that works on the M15 timeframe and requires a $200 minimum deposit. This system only works on high leverages, with the minimum 1:200 leverage required. So, if you are located in the US or are subject to any FIFO regulations, this will not work for you.
In terms of performance, EA Tech V4 promises 40% to 120% profit per month with a drawdown of 5% to 20%. It also comes with a free news indicator, and one year of a free VPS.
The vendor provides little to no strategy insight about the V4 version. They include some bullet points highlighting different features, but none of them in detail.
The last system provided by the EA Tech team is their Repede Pro robot going for £175. This is another MT4 trading robot that works on the M15 timeframe and requires a $100 minimum deposit. The vendor’s promise 20% to 80% monthly profit with a drawdown for just 5% to 30%. The system focuses on both daily and weekly trades, while using advanced trend mechanisms.
They provide details about each parameter, but don’t go into any real depth about the strategy.
- Type: Forex Robots
- Price: £99-£199
- Strategy: Undisclosed
- Timeframe: M15-D1
- Pairs: Any
The pricing is a bit confusing at first, but once you realize there are three EA Tech products, it’s easier to understand. The only problem we have with this is that they appear to be releasing new versions of their software and then charging for it. So, traders do not get free access to new versions. When V5 comes out, trades will likely have to dish out another £199+ in order to access it. Most systems come with free upgrades, as you can see in our recent reviews of FX Classic Trader, Forex Lush and Forex Fury.
The true test of any trading system is the trading results. The EA Tech developers provide monthly trading statements, but this isn’t up to the market standard. The statements they provide are not verified by any third party.
We require vendors publish their trading results to Myfxbook. In this case, there are a couple of Myfxbook screenshots, but no real access to these accounts. We are unsure why the vendor is not using the widgets provided by Myfxbook to present their results.
Hopefully they will be able to provide us access to these accounts and then we can review their results rating.
The EA Tech vendor appears quite new to the market, but they are showing a lot of promise. We just need to see some verified results, strategy insight and introductions to their team. Once they complete these steps, we will be happy to analyze the service again.
If you have anything you would like to add to the review, please leave your comments below the article now.