Expert AdvisorsForex

XFXea Review: Things You Need to Know Before Investing

3 Mins read
2.2

XFXea is an FX robot that promises consistent profits irrespective of the market condition. As per the vendor, this is a completely automated tool that does not have loss periods. This ATS uses special algorithms for trading and does not use the Martingale method. It works mainly on two currency pairs namely EURUSD and AUDUSD pairs.

XFXea trading strategy

Strategy used by XFXea
Strategy used by XFXea

According to the vendor, this FX EA makes use of a special trading algorithm that helps calculate each entry point by assessing a particular number of bars to form a range. The EA uses the range to execute the trades. There is no mention of the strategy the system uses. We find the lack of info suspicious. 

XFXea backtesting report

A backtesting report is present for this EA on the official site. Here is a screenshot of the report done on the AUDUSD pair from 2014 to 2019. 

Backtesting report of XFXea
Backtesting report of XFXea

From the above report, we can see the EA had generated a total net profit of 86748970.07 for an initial deposit of 5000. A total of 974 trades had been executed with a maximum drawdown of 59.89%. The profitability was 68.89% and the profit factor was 2.06. Modeling quality of 90% was used for the backtesting. From the high drawdown, we can see the ATS used a risky approach.

XFXea live results

The vendor provides a real USD Cent account using the RoboForex broker on the MT4 platform verified by the myfxbook site. 

Growth curve of XFXea
Growth curve of XFXea
Advanced trading stats of XFXea
Advanced trading stats of XFXea

From the above trading stats, we can see the account that started in September 2018 has generated a total profit of 2635.63% and an absolute profit of 1825.8% for a deposit of $500.79. The daily and monthly profits are 0.29% and 8.97% respectively. A drawdown of 53.37% was present for the account. Profitability of 65% was present with a profit factor of 1.69 for a total of 584 trades. 

From the trading history, we see varying lot sizes are used ranging from 0.15 to 0.30. The high drawdown and big lot size indicate the risky strategy used by the EA. Further comparing the backtesting report with real trading results we see the drawdown and profitability are similar indicating the high-risk approach used by the EA.

Some features of XFXea

Features of XFXea
Features of XFXea

As per the vendor, this EA executes regular trading, does not use the Martingale method, and there are no long unprofitable periods when you use this system. In the event of some of the trades ending up in losses, the EA will cover the loss quickly by using its special algorithm. We could not find further info on the features, settings, and recommendations like the timeframe used, the recommended deposit, brokers, etc. The lack of info makes us suspect this is not a reliable product.

Total return2635%
Maximal drawdown 53.37%
Average monthly gain 8.97%
DeveloperForexStore
Created, yearN/A
Price$260
TypeRange, non-martingale
TimeframeN/A
Lot sizeN/A
LeverageN/A
Min. depositN/A
Recommended depositN/A
Recommended brokersN/A
Currency pairsAUDUSD, EURUSD
ECNN/A

Main things that make XFXea unreliable EA

From our assessment of the features, functionality, performance, and other aspects, here are the main factors we found in this EA that make it unreliable.

1) High drawdown

From the backtesting report and real trading results, we find the drawdown is very high. The high value indicates a high-risk approach that can endanger your account.

2) Zero vendor transparency

Other than the mention of the system being powered by ForexStore, we could not find info on the developer or the team behind the system. There are no details provided like a location address, phone number, etc.

3) Undisclosed trading approach

The vendor does not divulge the strategy used by this FX EA. Instead, a vague explanation is present for explaining the working method of this expert advisor.

Pricing details

Pricing package of XFXea
Pricing package of XFXea

You can buy this FX robot for $260. The package includes a lifetime license, compatibility with MT4 and MT5 platforms, a user guide, free updates, and 24/7 customer support. A 30-day money-back guarantee is present. Compared to the price of competitor systems in the market, we find the price is expensive.

Other notes

We could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The absence of feedback shows this is not a popular product in the market.

XFXea Summary

2.2
Our analysis of XFXEA reveals many drawbacks in the system including a risky approach, lack of vendor transparency, insufficient support, and more. With so many shortcomings, we find this is not a reliable trading system.
2.0

Functionality

2.0

Reliability

2.0

Strategy

3.0

Price

2.0

Trading Results

2.0

Vendor Transparency

Pros

  • +Fully automated software
  • +Verified trading results

Cons

  • -The strategy used is not disclosed
  • -High drawdown in trading results
  • -Overpriced product
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