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Forex Expert AdvisorsReviews

Agimat Trading System Review: Is This Forex Indicator Profitable or Not?

by manager91 12/20/2021
12/20/2021

Agimat Trading System has 90% accuracy and uses a neural network to find trading opportunities in the market. The indicator is updated constantly and is available for MT4 and MT5 platforms. Traders can purchase it with a one-time fee or choose to copy the signals with a subscription. 

Is the Agimat Trading System good?

Agimat Trading System trades only on the short side. This can be good only when the market is trending in the sell direction or when the deals are in control.  

Discover 10 Best FX EAs That Are Worth Investing

Features of Agimat Trading System

The algorithm has the following features:

  • It offers automated signals for traders.
  • The indicator can work on MT4 and MT5.
  • There is a neural network in place.
  • A video tutorial helps in the installation.
Trading TerminalsMT4 and MT5 
StrategyNeural
TimeframeN/A
Price€174
Money RefundN/A
Recommended DepositN/A
Recommended LeverageN/A
Money ManagementYes
Customer Reviews3.987 for 268 reviews

What strategy does Agimat Trading System use?

The developer states that the system is connected to the company’s neural network. There is a stop loss and take profit attached with each trade. Traders can use it on any financial instruments, including stocks, forex, metals, and indices. 

With no further information on the topic, we searched the Myfxbook records and scanned the history. We can see that it uses a grid approach alongside martingale on the account. The average trade duration of 6 days refers to a swing approach.

Backtesting vs live trading results

There are no backtesting records available for the algorithm. We searched the website to find any historical data but could not find any. 

Verified trading records are available on Myfxbook. We have a performance from April 18, 2021, till August 23, 2021. The system made an average monthly gain of 6.16% during the period, with a drawdown of 21.61%. When contrasted with the monthly gain, the stated drawdown gives us a poor output of 5:1.

The winning rate stood at 72%, with a profit factor of 1.92. The best trade was $151.55, while the worst was -$70.08 in a total of 566 trades. The account author trades on a demo portfolio that does not mimic real market conditions. We have a total gain of 29.71 from the system as of now.

Live records on Myfxbook

The core team

Dennis is the system’s founder, with Kim Ji Yeon as an admin. They do not share further information on their records.

There are 268 reviews present on Forex Peace Army, giving the service a 3.987 rating . One of the traders says that he likes the indicator, but it requires further confirmation before placing a trade and is not suitable for all currencies.

Customer review at FPA

Another trader says that the indicator is lagging. He claims that traders have to learn about trading and attain proper knowledge, and only then will they be able to work. It is vital to follow all the instructions from the developer. 

Customer review at FPA
End notes

End notes

The developers of the product do not reveal their experiences. There are no details on the backtesting records of the indicator. The information on the trading methodology of the product is also lacking.

InvestGrail
  • Yield
    6
  • Reliability
    4
  • Trading Approach
    5
  • Consistency
    6
  • Customer Support
    4
The Goods
  • Uses neural network
The Bads
  • No records
  • Low information on the strategy
  • There is no transparency on trading experience
5.0 2.5 5
Average Score
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