Review Time
If I could give zero stars I would. STAY AWAY FROM THIS BOT. OPened an account with £5k and within 24hours - YES 24 hours, the account was blown.The bot just opens bigger and bigger trades when there is a minus. So on my account of £5k, the bot kept opening trades so that I had 7.84 lots on the sell.I would need tens of thousands in the account to have that volume trade. It is totally reckless trading. Keep your money and don't go anywhere near this company.Finally, I would point out that at no stage was I asked to nominate my risk for the bot settings. This i assume is their default setting, and it simply doesn't work. BE WARNED.
Thank you so much!! I really cant describe how I feel right now. EA Automatic helped me so much over the last 3 months.I wouldn't be able to thank you enough. The small scary step of starting with their software turned to be a blessing in disguise.My bills are paid and my family is happy.Can it get better than that?Thank you again for everything.
Trust me when I say it. This is one of best EAs out there. Never thought I would find this gold mine.Just these 2 weeks alone they made more that I could've made myself in months.Big props to the support team and my personal account manager for being there, when they needed to
WARNING WARNING WARNINGI started using EA Automatic on 20th Januari 2025. I opened 4 accounts of $2000 on 4 different brokers, as per their advice. In the first week of service they blew 2 of my accounts. Unfortunately, their sales agent came up with some arguments saying it had something to do with the spread on the broker side. and I let him talk me into giving the service another try. Yesterday they have blown the other 2 accounts. $8000 down the drain (minus some profit). Their trading logic is completely flawed. They open up trades in sell or buy direction. If the price action goes against the trade, the bot simply keeps opening new lots of increasing size. They are hoping for a price reversal, but if that doesn't happen, then you will blow your account 100% guaranteed. At the time of blowing the account, the robot had 13 simultaneous trades open with lot sizes ranging from 0.01 to 1.3, which is a huge lot size. There is very little in terms of risk management. I have not seen any stop losses for individual trades, nor do they protect the overall account with a stop loss. When I started using them, I asked for MyFXBook references to verify the quality of the service. They do not provide this, which should have been a major red flag. They simply show some small videos of users that are in profit. Any account will off course be in profit as long as the price reverses on their trades. But as I explained above, when the price does not reverse, you will blow your account. Unfortunately, I'm not allowed to provide links in this review, but I have verified MyFXBooks for each of the accounts that have been blown. You can search for the user "magermans" on MyFXBook and then you will see themOff course, there are risks associated with FOREX trading, but with some carefull risk management, the losses can be controlled. With EA Automatic, I have not seen any adequate risk management protecting my account.PLEASE DO NOT USE THIS SERVICEResponse to EA Automatic:Let's stick to the facts please:1. The trading robot has been operated by EA Automatic. At no point did I provide input into the Risk Management strategy. I simply followed the instructions from EA Automatic to open up 4 trading accounts with 4 different brokers2. Yes, some profits were made and I withdrew around 1500 USD from the different accounts. I have provided the information to allow prospective customers to review MyFXBooks and the associated data. I have been as transparent as I can be here, I'm not hiding anything. Withdrawing the initial profit was the only risk management I could do from my side and I did that. This was my own strategy, not based on a recommendation by EA Automatic. No alternative approaches were offered to me as you state in your response. Only after the accounts were blown did the EA Automatic representative discuss another bot with lower risk profile.3. However, you're completely missing the point here. What I'm trying to achieve with my review is to point out the flawed trading strategy that the robot uses (as explained in my initial review). The important message in my review is that the robot blew up two of my accounts within days of starting the trading and it blew up the remaining two accounts few days ago. You are not addressing that in your answer to my review. This is the key issue here. Like I said in my initial review, as long as the robot chooses the right direction to trade in, you will make some profits. However, at some point in time, the robot will choose the wrong direction and it will just dig in deeper and deeper by opening up ever increasing lots in the losing buy/sell direction. The robot WILL choose the wrong direction at some point and it WILL end up blowing your account.AGAIN: PLEASE DO NOT USE THIS SERVICE
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