FXSecret Immortal is an FX robot that claims to provide a reliable and profitable solution. It uses a blend of different methods for its trading to ensure better resiliency to the market changes. The system uses automated methods for the calculation of the lot size and SL levels as per the risks fixed by the EA settings. This FX EA is priced at $549. The package includes one license with MT4 and MT5 versions, the possibility to change account multiple times, 24/7 support, and easy setup. As per the package info, the product has been in the market since 2019.
Is FXSecret Immortal good?
From our analysis of the different aspects of this ATS, we find that the vendor provides verified trading results and mentions three strategies that help in profitable trading. But the results show varying and big lot sizes, a high drawdown, and low profitability. Further, the strategies and the working method are not explained fully. Additionally, the product is overpriced and does not have a money-back guarantee. Our initial conclusion is that it is not worth the price.
Features of FXSecret Immortal
As the key features of this FX EA, the vendor mentions the following points:
- The ATS uses a combination of trading methods for dealing effectively with the market changes.
- It assures a high profitability with its effective approach and other parameters.
- Good drawdown control is present ensuring the losses are minimized as much as possible.
From the live trading results, we find the claims of the vendor are false as the results reveal high profitability, poor drawdown control, and an ineffective approach. The contradictory behavior raises a red flag for this EA.
|Trading Terminals||MT4, MT5|
|Money Refund||No refund offer|
|Customer Reviews||Bad (1 negative review on FPA)|
What strategy does FXSecret Immortal use?
As per the vendor, the system started initially with a method that included multiple logics which did not work out well and resulted in a big drawdown. Later a combination of approaches was tried which resulted in minimal drawdown and a stable increase in the profit. There is no other explanation provided for the strategy. We find the explanation is vague and does not reveal crucial info on the strategy. The lack of strategy explanation raises a red flag for this EA.
Backtesting vs live trading results
No backtesting results are present for this ATS. However, the vendor provides a live real USDCent trading account that uses the Forex4you broker on the MT4 terminal. Here are a couple of screenshots of the results:
From the above report, we find that the EA has generated a total profit of 11811.58% and an absolute profit of 3524.28%. The big difference in the two values looks suspicious. It raises a red flag for the system. Other details of significance include the daily gain of 0.15% and the monthly gain of 4.72%. For a deposit of $1863, the account started in 2013 has completed 3025 trades with a profitability of 56% and a profit factor of 1.16. From the trading history, we can see varying and big lot sizes are used. The high drawdown and low profits indicate a risky approach.
The core team
According to the info present on the official site, the company is made of a private group of traders that creates automated FX solutions. The company was founded in 2012 and started developing the FX Robots in 2009. With the vast experience of the experts, the company has created a portfolio of different EAs. We could not find info on the location and contact details of the vendor. The vendor does not provide info on the developers or the experience they have.