Multi Strategist EA is the first automated expert advisor developed by Julian Jäger. This robot is a multi-currency trading system that aims to “achieve profits by trading with low DD and high win rates.” It first launched on September 14th, 2019, and is now on version 4.301 with the most recent update coming at the beginning of July. This shows that the developer is very active in making updates and optimizing the software for his clients. Today we will be providing a review and letting the community understand the good and the bad aspects of the service.
The developer of the software is a sole proprieter, Julian Jäger located in Germany. This robot is his first system on the market, and he is doing it without the help of any other developers. There is no head office, as this is not as professional as most programs that are put together by a team. That doesn’t mean that it’s not viable, but it will be harder for Julian to keep up with other product producers that have an entire team of coders at their disposal.
In order to get in touch with support, traders can direct message Julian on his MQL5 profile.
Multi Strategist EA Review
The Multi Strategist EA does not have a website at this point in time. Instead, it is being sold directly on the MQL5 website. This still allows for sections showing real user reviews, comments, and information about the software. So, while it’s not as professional as most vendors, it is still serviceable, and comes with free demo capabilities.
The vendor may be lacking in some areas, but one notable feature they have over most is their discord channel. It’s not overly active, but it does give traders an area to share their experiences and grow. That being said, it’s not always a positive or safe space.
One client on the 24th wrote that there was “another bad trade,” and then a couple other clients jumped on him telling him to quit Forex if he can’t handle losses. We understand the sentiment as traders are often too focused on the short-term, but it’s not the easiest place to be heard. That being said, we do think other best Forex robots would benefit greatly from offering something similar.
According to the Multi Strategist EA sales page, the software uses “nine indicator-based trading strategies which work in combination or separate.” Each strategy the software utilizes works by combining different indicators. All of the strategies have been tested using “cloud-based Strategy screening” to ensure they are viable. We are not too sure what this means.
The main indicators used to make up these strategies include:
- Moving Averages
- Pivot Points (Standard or Fibonacci)
- Stochastic Oscillator
- Directional Movement Index (DMI) & Average Directional Index (ADX)
- Relative Strength Index (RSI)
- Moving Average Convergence/Divergence (MACD)
- Williams Percent Range (WPR)
These are some of the best Forex indicators available, but with a list this long we really have no idea how they are functioning together. We can assume that Julian Jäger knows what he’s doing, but we really don’t have a clear picture of the strategy as a whole.
- Type: Forex Robot
- Price: $319
- Strategy: Indicator-based
- Timeframe: H1
- Pairs: EURUSD, GBPUSD
For traders interested in the Multi Strategist EA, it’s currently going for $319. Traders can purchase 6 months for $219 or 1 year for $269, but at those prices it’s really not worth getting a subscription. It is priced higher than many systems run by larger teams which is a bit concerning, but it’s possible that it has to cost more to make it work the vendor’s time.
There are no Myfxbook accounts available showing the Multi Strategist EA in action at this time. Julian does show us some trading results via his Forex signals page on MQL5 though.
These results show an 8% gain over the 5 weeks it’s been alive. During this time, the drawdown is 2%, and the robot has traded 9 times. Obviously this is a very small sample size, and we really would need to see much more before we can really analyze the performance. Ideally, since the system has been out for nearly a year, we would like e tosee results for an entire year.
The Multi Strategist EA is an interesting new robot. At this point in time we aren’t willing to recommend it to the Forex Robot Nation readers, but we will be keeping our eye on Julian’s progress moving forward.
If you have anything you want to add to the review, please comment now.