Robot Review: EA Boss

EA Boss is a Forex robot that promises to multiply any account size in short order with a 96.2% win rate. The sales page is severely lacking professionalism, and comes across as some sort of get rich quick scheme. This is illustrated in their promises of limousines, jet planes, yachts, mansions and phrases like “live the life you’ve been dreaming of.” In the early 2000s, a website that looks like this would create real fear that a virus was imminent, which is never a good sign.

The only information provided about the vendor, is that they have years of programming experience, and then put countless hours into testing in programming this robot to ensure traders are successful. None of this information is proven or verified, as they do not introduce themselves, or give us any real history of their experience in the Forex market. In order to get in touch with support, traders can submit a ticket with their name, email and priority status of the request.

EA Boss Review

The EA Boss website is filled with sales jargon, and marketing tactics, with little to no real insight into the strategy or trading approach of the Forex expert advisor. There are multiple back tests, and short explanations about each of these back tests, but nothing of any real substance.

The vendor makes the claim that back tests are a viable testing method, and that the general rule is that live trading is almost exactly the same, just with a 20% profit reduction. This is unrealistic, and simply not true. Back testing isn’t accurate, and certainly doesn’t come close to real market conditions. In my experience, back tests are very easy to manipulate, and they almost never in line with live trading results.

The website is lacking in detail, much like the Dark Clouds EA and Z Trader FX EA we’ve recently reviewed. In this market, clients demand real information, and without it, it’s just too risky to invest money. Hopefully, the vendor will see this message in my review, and help us get a better understanding about their software.

Breakdown

• Type: Forex Robot
• Price: $699
• Strategy: Scalper
• Timeframe: M15
• Pairs: EURGBP, USDCAD, EURCHF, GBPCHF

Interested traders can download a free demo version of the EA Boss software on their website. To use the software on a live account, traders are required to pay $699, which is definitely on the more expensive end of trading systems. Generally, the best Forex robots are available in the $100-$250 range, so I really don’t find it necessary to pay much more than that.

Trading Results

While the website consists of mostly back tests an old trading statements, my own research has found a couple of Myfxbook accounts from the EA Boss team. These are some of the strangest accounts I’ve ever seen, as they are showing gains of over 53.87 million percent from 2012, to 2017. Neither of these accounts are active any longer, and the general consensus from the community is that the vendor has made some sort of deal with the FXCH broker to scam clients.

These are very dangerous accusations, but I am leaning in the direction of believing the community consensus, because the numbers being provided aren’t even realistic. Even though these are demo accounts, they still don’t seem to make any sense. I’ve never seen anything like this, and so I do believe that there is something suspicious and manipulative going on behind the scenes between the vendor and the FXCH brokerage.

I do not recommend taking these accounts seriously.

Client Feedback

According to FPA, they’ve reported that the EA Boss software is just a “high priced copy of FapTurbo,” which is a very old Forex robot that used to get a lot of attention in this market.

One of the reviews also goes into detail about the FXCH broker claiming that they show “you have won when you haven’t and broker doesn’t pay you the profit.“

This is one of many claims of the suspicious and manipulative activity.

Conclusion

There is no reason to purchase the EA Boss software. It’s clear, that there are quite a few severe problems with this service, and many major players consider it a scam. Anything with this level of suspicion, and strange behavior shouldn’t be considered a viable investment option.

If you have anything you would like to add to the review, please leave your questions and remarks below the article now.