Is Klondike EA reliable for your trading account? Should you buy this EA for a better trading experience? Read this review to find out if Klondike EA is a scam or legit.
Table of Contents
About Klondike EA
Klondike EA is a forex robot launched on March 10, 2021. The product claims to have 10 purchases and 400 downloads.
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Klondike EA claims to give advantage in the financial market with its expert strategies. Here it offers traders an automatic execution of orders. This EA costs $699 and offers MT5 as the trading software.
Klondike EA provides a currency pair of XAU/USD only and claims to work based on trends. The time frame is 1 minute.
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klondikeea.com: Reasons to Avoid This EA
klondikeea.com is a forex robot that has been restricted from selling this product on MQL5. There is no reason mentioned by the developer why the EA can’t be sold on MQL5 website. If we can get information on that, it means there is something the vendor is hiding.
klondikeea.com offers no demo for traders. Since there is no free account from on this EA, we can’t certify the viability of this product in the market. Just to be more sure, there should be an option for that.
klondikeea.com does not say anything about cash-back for this product. It is important traders know that their money can be refunded if something fishy is seen about the product. But it is not the case with Klondike EA.
klondikeea.com states no detail on what strategies its uses. But, we found out this EA makes use of risky strategies like Grid and Martingale.
We found out this EA has just two positive reviews. It means there are only two persons who have claimed to use the product. But we can’t hold their words for it because it sounds too good to be true.
Klondike EA Trading Strategy
Klondike EA claims to work according to the trends. But from the back test result, we can see strategies like Grid and Martingale.
For the time frame, the developer mentioned a minute.
Minimum deposit of Klondike EA is $500. This is based on the traded account. For the leverage there is no information mentioned on that.
Klondike EA Trading Results
Klondike EA shows a back test result from 2005 to 2020. The date presented shows a Gold trade with a time frame of one minute. The deposit was $1,000. The account shows total net profit of $356.024 and profit factor of $4.16. Maximum drawdown was 8.55%
Klondike EA presents also an account of 198 orders and 41,907 pips. The average profit was 345.46 pips and average loss of -351.74 pips. The winning rate on long term was 82% and 79% on short term. The trade lasted for about 7 hours and 36 minutes.
Conclusion: Is klondikeea.com a Legit Forex Robot?
We say klondikeea.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 having a place for cash-back and the use of Grid and Martingale strategies that are risky are red flags. So, beware.
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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