Trading the Forex market with the use of Expert Advisors is gaining popularity around the world because of its benefits over manual trading. Many traders have switched to automated trading as a way of allowing them to use multiple strategies to trade the world’s largest financial markets.
In this post, we will dwell on Dynamic EA to find out if it delivers consistent returns as it promises.
The EA is a trading system that decides whether to BUY or SELL by identifying the market trend. It is developed by Celestial Trading Tools (CTT), a Forex platform that offers different trading solutions. Another EA that is offered by the platform is Sirius EA.
According to the developers, the trading system has been in the testing phase for 12 months. The developers mention that they are very proud of what the bot has achieved so far, demonstrating its reliability and consistency and providing returns of over +220% ROI since September 16th, 2019.
Dynamic EA Strategies and Tests
The EA uses a Trend Trading strategy, where it decides whether to go long or short after identifying the general direction of the market. It is designed to analyze the market conditions, wait for a breakout, and trade the continuation. The system automatically copies trades into the trader’s MetaTrader 4 account. It is developed equally for seasoned traders and newbies. The developers claim that their system can deliver a consistent return on investment.
The key features of Dynamic EA are:
- The EA offers 24/7 customer support
- Auto-stop loss, trailing stop loss, and take profit
- The EA works on autopilot
- The EA does not require any trading experience to use it
- It trades 24 hours a day, five days a week
- The EA is developed with ‘efficient risk management’
- It trades multiple currency pairs at once
- Its setup guide is easy to follow
- No customization required
The developers however did not provide a backtesting report. Backtesting data helps traders to analyze the performance of the EA so that they have an idea of what to expect in case they buy.
Dynamic EA Live Trading Account Review
The EA was attached to this trading account on April 25th, 2020. The EA has gained 86.87% of the capital invested in 1238 trades. Its profit percentage is above 60% while the drawdown is 9.28%.
Its risk to reward ratio is 1:1. We can see this through the average win and average loss which are 15.01 pips and 15.57 pips respectively.
The profit amount, deposit, withdrawals, current balance, and total lot size used are undisclosed.
We don’t know why such useful information can be locked away from the public yet this report was supposed to give us a clue on how this system is performing so far.
A monthly subscription to this EA costs $20. The subscription-based model the EA uses is expensive. For instance, if you calculate the total expenses you’ll see that the robot costs $440/year. It means you have to pay this amount every year, while most EAs cost the same (if not less) money and offer a lifetime license (1 time payment).
Is Dynamic EA Robot a Scam?
The developers of this system do not live up to their words. From the TrustPilot reviews, most customers are complaining of one problem or another. The developer has a rating of 2.2 out of 5 with 140 reviews most of which are negative.
There is also customer feedback on the developers’ website but we can’t make a decision based on them because they might have been posted by the insiders. Most of them are positive thus raising questions on their authenticity.
Timeframe, Currency Pairs, Deposit
- The EA trades five currency pairs namely EURUSD, USDCHF, GBPUSD, EURJPY, and NZDUSD.
- It works on the MT4 platform with any broker.
- The developers recommend a minimum deposit of $1650 on a standard account, leverage of 1:500, and a lot size of 0.01 per $1376. It’s our guess based on the trading results we see on the developers website.
The Dynamic EA is offered by Celestial Trading Tool, a trading style of CTT LLC. The company address is 305 Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincents, and The Grenadines.
According to the company, its mission is to constantly innovate and adapt, so that it’s able to deliver consistent, sustainable, and long-term results for its customers. Besides trading software, the company also provides knowledge and partnership.
For any assistance or inquiry regarding the EA, the developers can be contacted through live chat on the website, phone call, or WhatsApp. One can also book a callback.