AI Meta EA: A Comprehensive Review

AI Meta EA is an expert advisor for the MetaTrader 4 and 5 trading platforms that utilizes artificial intelligence and machine learning to formulate automated trading strategies. In this comprehensive review, we will analyze the features, performance metrics, strengths and weaknesses of this trading software to determine if it delivers on its promises.

AI Meta EA

Download Free AI Meta EA

Overview of AI Meta EA

AI Meta EA was created by developer Denis Kurnev and claims to leverage cutting-edge AI technologies like neural networks and proprietary algorithms to predict market movements.

Key features include:

Pricing

AI Meta EA is available for purchase on the MetaQuotes Marketplace. The pricing fluctuates based on the number of licenses sold, starting at $199 and going up to $499 at maximum.

Performance Metrics and Statistics

According to the product page, AI Meta EA has achieved:

  • 130% profit in 3 years of backtests
  • Drawdown of 18% on backtests
  • 70% profit in 8 months of live trading

However, no verified performance reports from independent sources are provided to validate these metrics. The lack of transparency around actual performance makes it difficult to assess the profitability of this EA.

Technology and Indicators

AI Meta EA claims to use artificial neural networks, hidden algorithms and predictive modeling rather than traditional technical indicators. While innovative, the opacity around the underlying technology means users have to take the developer’s word.

The product page also states dynamic stops are used for risk management. But details on the logic behind the stop loss and take profit levels are not shared either.

Forex Scouts Gold V9 Robot

Check our advanced Forex Scouts Gold V9 Robot

Strengths of AI Meta EA

  • Innovative application of AI: If the AI and machine learning capabilities work as advertised, it represents an innovative approach to algorithmic trading.
  • Accessible minimum deposit: The $100 minimum deposit makes this EA accessible to small account holders.
  • MT4 & MT5 support: Compatibility with both MetaTrader platforms allows use with most brokers.

Weaknesses of AI Meta EA

  • No verified stats: Lack of verified metrics from reputable third-party sources raises credibility issues.
  • Narrow instrument focus: Specializing in gold trading reduces versatility for traders.
  • Black box technology: Lack of transparency into underlying logic and systems.
  • Dynamic stops untested: Unclear if dynamic stop loss/take profit works consistently.
  • Fluctuating pricing: Pricing changes frequently based on sales, causing confusion.

Conclusion and Recommendation

AI Meta EA brings some innovative AI technology to automated algorithmic trading. However, the lack of transparency and verified statistics makes it impossible to independently validate its profitability claims.

Until actual trading results are verified and more details on the technology are shared, we cannot recommend this EA over other proven expert advisors. Traders are better off opting for EAs with publicly available myfxbook statements to analyze real performance.

Author: Dominic Walsh
blank

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

Leave a Comment

Hey.lt - Nemokamas lankytojų skaitliukas