Black Mamba OS Edition v8 Expert Advisor – Review

Finding a consistently profitable forex trading system feels like searching for the Holy Grail for most struggling traders. Epignosis Black Mamba OS Edition v8 Expert Advisor (EA) aims to be one such set-and-forget automated solution for forex success. But does this robot truly perform as advertised?

In this unbiased Black Mamba v8 review, we’ll scrutinize the features, purported accuracy, realities of use, advantages and downsides to determine if this EA is right for your trading or not.

Black Mamba OS Edition v8 Expert Advisor

Overview – What is Black Mamba v8 EA?

Epignosis Black Mamba OS v8 is an automated trading robot designed to trade forex automatically. It runs on MetaTrader 4/5 analyzing forex charts in real-time and placing buy/sell orders based on its internal strategies and algorithms without manual intervention.

The EA opened to customers in mid-2021 after months of optimization. It builds on earlier versions of Black Mamba aiming to offer an improved automated solution for hands-free trading profits. But does it deliver consistency? Let’s analyze further.

How Epignosis Black Mamba v8 EA Works

According to the vendor Epignosis, Black Mamba v8 makes trading decisions by analyzing technical indicators like moving averages and incorporating pattern recognition. It aims to determine trend direction, momentum, and key support/resistance levels across forex pairs.

The newest 2022 release claims enhanced machine learning capabilities that optimize the EA’s logic in real-time. It purportedly adapts automatically to maximize performance based on changing market conditions and liquidity dynamics.

In addition, pre-built trading strategy templates optimize signals and parameters to suit different risk appetites from conservative to aggressive. But do these algorithms translate to real-world results?

Reviewing Epignosis Black Mamba v8 Performance Claims

The core sales pitch around this EA focuses on its purported accuracy and profitability. However, extensive research uncovers inconsistencies:

  • Backtests show incredible consistency, but no disclaimer they are hypothetical
  • No documentation showing live results from real traders over long periods
  • Worst case drawdowns aren’t modelled or discussed

Without verified real account results, traders have no evidence this EA can trade profitably in actual market conditions over years of changing cycles. Backtests can be manipulated and should be taken with caution.

In the absence of documented long-term proof, traders should remain highly skeptical of advertised capability claims from any vendor until validated by third-party trading statements.

Cost of Black Mamba v8 EA

Epignosis Black Mamba v8 EA is sold as a one-time payment lifetime license with unlimited use across all accounts and pairs. The pricing options are:

  • Silver License – $279 one-time fee
  • Gold License – $399 one-time fee
  • Diamond License – $599 one-time fee

The pricing seems in line with comparable EAs sold online by other vendors. But the inability to independently validate performance gives pause for thought.

Can This Robot Consistently Automate Trading?

While Epignosis Black Mamba v8 EA for Metatrader 4 and MT5 aims to provide traders with an automated “set and forget” passive income solution through advanced algorithms, lacking long-term proof raises some red flags:

  • No documented evidence of real accounts achieving advertised gains long-term
  • Potential overfitting to past data that may degrade live reliability
  • Risk of oversimplifying that profits come easily via automation

Based on research, we cannot confirm or deny if this EA trades successfully in live market conditions over extended periods as claimed.

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Potential Drawbacks and Limitations

Some additional potential disadvantages our investigation uncovered:

  • No clarity into the logic or code behind the algorithms
  • Hidden fees from recommended brokers raising costs
  • Scarce availability of genuine unbiased user reviews
  • No concrete examples of worst case scenarios or limitations

The lack of public transparency around verifiable results makes trusting profit claims difficult currently.

Final Verdict – Is Black Mamba EA Worth the Investment?

Epignosis Black Mamba v8 markets itself boldly as a set-and-forget “smart trading robot” delivering easy automated profits. However, the lack of any documented trading statements or verified real-world performance data makes believing such claims challenging.

In the absence of living up to its promises in documented real trading, we cannot recommend this EA as a wise investment compared to alternatives with long-term third-party verified results.

Perhaps if performance transparency and client trade histories emerge in the future, it may prove itself. But as of now, Epignosis Black Mamba v8 carries too many unanswered questions to recommend for traders assessing it for long-term automated trading.

Author: Dominic Walsh
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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

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