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.
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 Terminals||MT4 and MT5|
|Customer Reviews||3.987 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.
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.
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.