Are you thinking of using EA Smoke to increase your trading account? Should you buy this forex robot for a better trading experience? Read this review to find out if using EA Smoke FX Robot is worth the shut or another product to avoid.
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About EA Smoke
EA Smoke is an account managing robot that was set up on 2 July 2021. The developer of this forex robot is Vitali Vasilenka from Belarus.
EA Smoke claims to give traders advantage in the financial market through it expert strategies. Here it offers traders discount on the product which is sold for $149 and hope to increase its price soon.
The location of EA Smoke is not presented as this product has no official website. The information provided is from MQL5 website which the developer made known.
There is no much insights provided on how this product operates and its make-up.
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easmoke.com: Reasons to Avoid This EA
easmoke.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.
easmoke.com offers traders a free account to test the EA. While this is a good thing to do for a product like this one, it still doesn’t prove to traders its capability.
We find out that easmoke.com does not provide a cash-back guarantee for its product. One important thing traders want to get from an EA developer is that their money can be refunded if they don’t see the worth of the product.
EA Smoke Trading Strategy
EA Smoke trading strategy claims to determine trend directions. The developer doesn’t show further insights on how it can actual do that.
EA Smoke claims not to use strategies like Martingale, Averaging, Doubling and Grid. Here we don’t know if it is true because the developer shows no details on that.
Currency pairs EA Smoke provides are GBP/USD, AUD/USD, EUR/AUD, EUR/USD, EUR/CHF and USD/CAD. Also its time frame offers is M5.
Minimum deposit of EA Smoke is $50 and a leverage of 1:500. This is a high leverage for traders to use except they want to crash their account too fast.
EA Smoke Trading Results
First EA Smoke claims to be transparent in its trading result. But here is what we find out about easmoke.com. The back-testing result from May 2003 to April 2021 shows a net profit of $18158497.78 on a total trade of 4182. There is a profit factor of 1.81 and drawdown of 45.36 that is too high. That we know it is done on a high risk strategy.
A third party verification site myfxbook.com presents a live trading result of EA Smoke on 86 trades with a win of 66% on a $1.62 profit. Although there are losses we find on that same trade.
We notice that EA Smoke trading record is on a short term and by that, gains are difficult to know especially on a small sample size.
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Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
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Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
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Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
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Conclusion: Is easmoke.com a Legit Forex Robot?
We say EA Smoke is not a legit forex robot. The lack of details on important insights is a turn off for this product. A real EA should have enough information for traders to prove some level of trust.
Forex robot like easmoke.com has provided its live trading results, but it does not prove much since it is a short term result.
The no cash-back is a red flag for the forex robot.
It is in our duty to tell you when an EA is not worth your money. By that, we do not recommend this forex robot for use.
If however, you have anything to say, kindly comment on the opinion section.