Kapola Trader EA works on the MetaTrader4 platform with a 15-minute timeframe. It comes with 24/7 customer support from the seller. The EA is fully automatic and is extremely safe to use according to the developers. There is no specific information about the minimum account balance required to start trading with this bot.
Kapola Trader EA trading strategy
The EA trades on EURUSD, GBPUSD, AUDUSD, USDJPY, and NZDUSD and uses Bollinger bands and CCI for analysis. It also uses the current price data for placing the entries.
The live records on Myfxbook show us that it can use an infinite stop loss with a ten pip take profit. The EA trades on M15 charts, which is observed as all the trades open at the close of the 15-minute candles. For example, a position may open at 12:45, 1:00, 1:15, 1:30, and so on.
Kapola Trader EA backtesting report
There were no backtesting reports presented by the vendor, which might help us analyze the past performance of this robot on previous accounts. This points toward a lack of transparency and reduces the developer’s trustworthiness.
Kapola Trader EA live results
We can find the live testing results of the bot on Myfxbook for USDCent, which shows the performance from January 25, 2022, until March 15, 2022. The algorithm has a total drawdown of 58.97%, which is extremely high above the safety threshold used in the forex industry. A total monthly gain of 96.19% is observed. 12,057.55 USD is reported as the balance amount, with deposits standing at 4000 USD. Withdrawals are shown as 49.98 USD.
This bot has participated in a total of 1,687 trades. Out of these, 73% were profitable. The profit factor is 2.21, which does not align with the extreme drawdown. The lot size was 81.90, and the best trade value stood at 966.00 USD, whereas the worst is written as -174.00 USD.
Some features of Kapola Trader EA
Kapola Trader EA has the following features:
- It is fully-automated.
- The robot comes with a trailing stop feature.
- It adapts readily to adverse market conditions.
- The system works on multiple currencies.
|Average monthly gain||96.19%|
|Developer||Automated Forex Tools|
|Created, year||Jan 25, 2022|
|Price||BRONZE $ 99, SILVER $ 149, GOLD $ 249|
|Type||Bollinger bands and CCI|
|Recommended brokers||Supports all brokers|
|Currency pairs||EURUSD,GBPUSD,AUDUSD,USDJPY and NZDUSD|
Main things that make Kapola Trader EA unreliable service
Let us go over several things that make this item unfit for use.
The robot has a high drawdown on the live records, showing its risky nature. Traders can expect to lose nearly 50% of the account value.
There is no information about the sellers mentioned whatsoever. Personal profile information, including credentials, email, contact number, and address, are all absent from the website. This lack of transparency casts a very negative image of this robot.
Only one trader review is present under the Kapola Trader web page on Forex Peace Army. This review describes the company’s bad customer service and untrustworthiness. Based on the scarcity of reviews, we can’t get much information about past customers’ experiences.