Is Amaze EA reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if Amaze EA is worth your money or scam.
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About Amaze EA
Amaze EA is a forex robot available on the robot website and MQL5. The creator of the EA is Anton Kondratev from Russia. He claims to be a software developer in C++.
Amaze EA claims to give advantage in the financial market with its expert strategies. Here, it offers forex traders a one time price of $395 and a rent option of 3 months for $345.
Amaze EA claims to operate on MT5 and on a free demo.
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amazeea.com: Reasons to Avoid This EA
amazeea.com is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of this product. Not providing information about the creator’s trading experience is a turn off.
amazeea.com does not have any customers’ feedback on Trust Pilot nor Forex Peace Army that can attest to its success in the market. This means this EA has not proved to be trustworthy and its popularity seems unknown.
Amaze EA has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
The absence of live trading result of this EA is a red flag. Since we don’t know how good the strategies are on a real account, it leaves us with the option of doubt that the product is not reliable.
Amaze EA Trading Strategy
Amaze EA claims to use a multi currency trading system for a fixed stop loss and profit. Also, the inbuilt system protects against spreads, gaps, slippages and repeated levels.
The vendor presents options like virtual stop loss, news filters, buy/sell trades and implement. For the time frame, it is stated 1H.
Minimum deposit of Amaze EA is $100. For the leverage is mentioned 1:500.
Amaze EA Trading Results
Amaze EA shows a back test result for EUR/USD and GBP/USD. The average win rate is 97.64% and profit factor of 7.58.
There are no links to verified live results on myfxbook.com. From our findings, we were able to see signals under the same name as the robot. The account dated August 2020 with a profit of 21% and maximum drawdown of 29.2%.
Another result on a 200 trades shows a winning rate of 87% and profit factor of 1.20. Average profit of $13.11 and loss of -$73.06. It has a maximum win of $270.61 and 3 losses of $-436.59.
Conclusion: Is amazeea.com a Legit Forex Robot?
We say amazeea.com is not a legit forex robot. The lack of details on important insights is a turn off. EA with promises like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money is a red flag.
To this end, we do not recommend this EA for use for reasons we have mentioned.
If however, you have anything to say, kindly comment on the opinion section.
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