Expert AdvisorsForex

Darwin Evolution Review: Things You Need to Know Before Investing 

3 Mins read
4.2

Darwin Evolution is a Forex expert advisor that is sold on the MQL5 website. It is compatible with 28 currency pairs and, according to the vendor, is more efficient compared to other systems in terms of basic profits. The robot is compatible with both MT4 and MT5 trading platforms. While the MT5 version was released on September 9, 2021, the MT4 version was launched on November 23, 2021.

Darwin Evolution has a news filter with disconnection schedules before and after the news, as well as independent hours for main news like Fed, BCE, FOMC, etc. It also has a risk capital management functionality, but the vendor has not properly explained it.

Darwin Evolution trading strategy 

This EA is not a scalper and it follows a long-term strategy. It can stand by for over a week waiting for the perfect opportunity. For optimizing drawdown and profits, it can keep the positions open for several days. There are over eight indicators and filters used by the EA, but we don’t know what these are. 

Darwin Evolution backtesting report 

Backtesting results of Darwin Evolution on MQL5
Backtesting results of Darwin Evolution on MQL5

For this backtest, the EA conducted 285 trades, winning 89.12% of them and generating a total profit of $25930.74. Apart from the high win rate, the robot had an impressive profit factor of 7.77. The drawdown of 2.64% was quite low, while the daily and monthly average profits were 1.26% and 10.58%, respectively. 

Darwin Evolution live results 

Growth chart of Darwin Evolution on Myfxbook
Growth chart of Darwin Evolution on Myfxbook

The vendor has not shared the verified trading results and we found this account after conducting our own research. Since January 15, 2022, the EA conducted only 33 trades through this account. Although the robot has a very high win rate of 97%, it is based on a very short trading history. At this moment, the daily and monthly gains are quite satisfactory at 0.17% and 5.25%, respectively. The drawdown of 9.61% is suitable for trading.

Trading results of Darwin Evolution on Myfxbook
Trading results of Darwin Evolution on Myfxbook

Analyzing the recent trading history, we can see that the EA has been winning profits at a steady rate. The account owner has hidden the lot size as well as other key parameters like profit, interests, balance, deposits, equity, and withdrawals. It’s not  a good sign for the devs who want to gain trust and reputation among FX traders.

Some features of Darwin Evolution

The currency pairs supported by this system include AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EurNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY. It is recommended that you load the EA on M1 charts. You can trade with any hedging broker with a minimum capital of $200. The minimum leverage is 1:30 or lower with a specific setting.

Total return13.41%
Maximal drawdown9.61%
Average monthly gain 5.25%
Developer Guillaume Duportal
Created, year2021
Price $999
Type N/A
TimeframeM1
Lot sizeN/A
Leverage1:30
Min. deposit $200
Recommended depositN/A
Recommended brokersHedging brokers
Currency pairs 28
ECNNo

Main things to consider if you invest with Darwin Evolution

If you wish to purchase this robot, you need to know the following:

Lack of vendor transparency 

We don’t know much about Guillaume Duportal, the UAE-based developer. There is no official contact information. Also, the developer has not shared the identities of the other team members.

Short trading history

The live trading account has only been active for a few months. We cannot accurately gauge the profitability based on the results. The EA has not been exposed to different market scenarios.

Lack of strategy insight

We don’t know the exact strategy followed by the EA. The developer has not revealed what indicators it uses. Thus, we don’t know what trading style is most suitable for this.

Pricing details 

At $999, this robot is more expensive compared to others. There is a $690 yearly rental option and a free demo, but there is no refund policy.

Customer reviews 

User reviews for Darwin Evolution on MQL5
User reviews for Darwin Evolution on MQL5

There are no reviews for this EA on third-party websites. The ones on MQL5 cannot be considered authentic.

Darwin Evolution Summary

4.2
Darwin Evolution is a robot that is not exactly low-priced compared to other systems. We don’t know much about the developer and the live trading account has not been active for too long. Last but not the least, the vendor does not offer a money-back guarantee.
5.0

Functionality

4.0

Reliability

4.0

Strategy

4.0

Price

4.0

Trading Results

4.0

Vendor Transparency

Pros

  • +28 pairs supported

Cons

  • -No refund policy
  • -Short trading history
  • -Lack of strategy insight
  • -Hidden trading balance, growth chart, deposit and withdrawal data
Related posts
5.0
Expert AdvisorsForex

Trality Review: Can You Make Money With It? 

2 Mins read
Trality is a platform that unites under one roof various trading solutions. We can trade with trading bots like a professional. So,…
ForexForex Trading

MATLAB Moving Average Crypto Strategy: How to Win?

4 Mins read
MATLAB is a platform where programming and numeric computing occurs by millions of scientists and engineers. As the algorithmic trading opportunity increases,…
5.7
Expert AdvisorsForex

Promax Gold EA Review: Things You Need to Know Before Investing

3 Mins read
Promax Gold EA was developed by SinryAdvice to work with Gold on the real market. The presentation includes a claim that it’s…

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 57 = 64