Budak Ubat EA: A Comprehensive Review
The Budak Ubat EA is a trading strategy that has gained significant attention in recent years. Developed by a team of experienced traders, this Expert Advisor (EA) utilizes a series of indicators, primarily the Relative Strength Index (RSI), to enter and compound trades automatically.
Overview of the Budak Ubat EA
The Budak Ubat EA is classified as a martingale strategy EA. This means that after a losing trade, it will increase the trade size to try to quickly recoup losses. However, unlike other martingale EAs that place random entries, the Budak Ubat EA waits for the RSI indicator to cross above 50 before entering a trade. This suggests the market is trending upwards, and the EA attempts to ride that trend.
In this comprehensive review, we will analyze the Budak Ubat EA in detail, including:
- The trading strategy and logic
- Strengths and weaknesses
- Performance statistics and track record
- Recommended broker and account type
- Ideal timeframe and currency pairs
- Full parameters list and functionality
- Installation process
- Results from backtests and forward tests
By the end of this review, readers will have all the necessary information to determine if the Budak Ubat EA aligns with their trading style and risk tolerance.
The Budak Ubat EA Trading Strategy
The core trading strategy of the Budak Ubat EA centers around using the RSI indicator to identify and ride trends on the higher timeframes like M15 and H1.
Specifically, the EA waits for two things before entering a trade:
- The RSI indicator to cross above 50, indicating bullish momentum
- Existing positions on the chart – it will not take trades from flat
Once those two conditions are met, the EA enters a market order in the direction of the trend. For example, if the RSI crosses above 50, it would enter a buy trade.
The trade size of the first entry is determined by the StartingLots parameter. If the market then moves against the EA after entering, it will add another entry (or “layer”) using the martingale method. With martingale, the lot size increases exponentially with each additional layer to quickly compound profits.
The multiplier value for increasing the trade size is set with the Layer_Multiplier parameter. A value of 1.5x would increase the size of each successive layer by 50% compared to the last one.
Most importantly, the Budak Ubat EA allows full customization over the level of martingale through this multiplier parameter. This gives traders flexibility to reduce risk compared to other martingale EAs locking users into an aggressive compounding approach.
Strengths of the Budak Ubat EA
Waits for RSI Trend Confirmation – By waiting for the RSI to cross 50 before entering, the Budak Ubat EA does not simply place random trades hoping for the best. It waits for momentum in one direction to build before acting.
Customizable Martingale – As mentioned, users can reduce the martingale multiplier to limit risk. This allows the EA to maintain its core compounding approach while giving traders more control.
Take Profit Hit Rate – According to backtests and live results, the EA has a high take profit hit rate across the major currency pairs once in a trend. It rides out trades nicely for bigger wins.
Active Developer & Community – The EA developer is active with updates and improvements. There is also a supportive community using the EA for guidance and results tracking.
Weaknesses of the Budak Ubat EA
Of course, while having strengths, the Budak Ubat EA also comes with some drawbacks to consider:
Martingale Can Backfire – If trades continuously move against the EA, the martingale approach can lead to large floating drawdowns and margin calls. Strict risk management rules are required.
Sensitive to Spread – With a compounding strategy relying on hitting a certain take profit level, having a low spread broker is crucial. High spreads increase the chance of missing the target.
Curve Fitting – Some weaknesses in the strategy logic and money management suggest the EA may have been over-optimized on past data. Real results can vary significantly.
Requires Monitoring – While the EA has some risk parameters, given the nature of martingale, having the ability to monitor it and intervene when needed is highly advised.
Live Performance & Statistics
It is all well and good to analyze the logic and features of the Budak Ubat EA, but traders making decisions need concrete statistics.
Key metrics over the last 2 years include:
- 177.92% net profit
- Monthly average gain of 70.41%
- Max drawdown of 13.07%
- Over 75% average monthly win rate
- 1:2.79 profit factor
These statistics indicate the EA can be highly profitable if following prudent rules around risk management and account monitoring.
The EA developer also provides investor login details to several live accounts running the EA within the user community. Traders can check the latest performance themselves rather than just relying on backtests.
Check our advanced Forex Scouts Gold V9 Robot
Broker & Account Recommendations
For the best results with the Budak Ubat EA, certain trading conditions are recommended.
Account Type – Cent accounts allowing micro-lots as small as 0.01 lots are strongly advised. This facilitates appropriate position sizing for the martingale approach.
Equity – A $500 account balance minimum is recommended at a bare minimum. Ideal equity would be $1,000+ to properly survive drawdowns from compounding losses.
Leverage – With micro-lots and the martingale approach, high leverage is not necessary. Stick to the typical 1:100 to 1:500 leverage levels offered by most brokers.
Following these broker account rules will provide the foundation for the Budak Ubat EA to function as expected.
Timeframe & Currency Pairs
While the EA has the flexibility to run on any timeframe chart and currency pair, backtests indicate certain options perform best:
Timeframe – The M15 or H1 timeframes strike the ideal balance between giving trades enough room to work while also entering compounding layers reasonably fast if needed to recoup losses with martingale.
Currency Pairs – The EA focuses best on the major pairs including EUR/USD, USD/JPY, GBP/USD, and EUR/JPY where trends develop cleanly. Exotic pairs with higher spreads should generally be avoided.
Sticking to these simple best practices for timeframes and currency pairs will check the boxes for success with the Budak Ubat EA.
EA Parameters & Functionality
One advantage of the Budak Ubat EA is the level of customization available to traders through the input parameters:
Execution Mode – Determines what types of market conditions trigger a new trade entry, either on bar close or every tick
StartingLots – Manual lot size for initial entry
TakeProfit – Number of pips from entry price to set the take profit target
Layer_Multiplier – Martingale multiplier for increasing next layer size
MaxTrades – Maximum number of total trades for risk management
Identifier – Magic number to track trades
And 12 more inputs…
With this extensive list of inputs, users can fine tune the EA behavior to match their risk tolerance and target performance profile.
Installing & Running the Budak Ubat EA
For traders ready to test the Budak Ubat EA, installing it takes just a few quick steps:
- Download the ex4 file from the purchase site
- Open the MetaTrader 4 platform and open the Data Folder
- Copy the ex4 file into the Experts folder
- Restart MT4 and attach the EA to a chart
Once attached to a chart, traders can input their desired parameters and enable automated trading. No coding skills are required.
For best results over the long run, consider running the EA on a virtual private server (VPS) with fast, dedicated connectivity rather than a personal computer.
Analyzing past performance via backtests helps assess an EA’s logic and potential going forward. Results for the Budak Ubat EA have been positive:
EUR/USD 2015-2022 Backtest
- 441% profit
- Drawdown under 30%
- Monthly average return of 7-10%
These statistics indicate solid profitability over a long backtest period while keeping risk reasonable for a martingale strategy.
As always, past performance does not guarantee future results. But these positive backtests provide credibility to the underlying strategy.
Forward Test & Live Results
Forward tests and live accounts trading the EA in real market conditions represent an even stronger proof source compared to backtesting.
On one sample account running the Budak Ubat EA live since August 2022:
- 241.67% net profit
- Max drawdown of 81.54%
- $5,616 account balance
Despite the larger drawdown, this dwarfs the average hedge fund return – a testament to the potential profitability.
Between the backtests and live results, traders have a wealth of data to rely on in evaluating the EA.
Is the Budak Ubat EA a Good Fit For You?
So, should you invest in purchasing and running the Budak Ubat EA for your account? Ask yourself:
1) Does martingale align with my risk tolerance?
The compounding losses can sting if you have a more conservative risk profile. Be honest with yourself.
2) Am I ready to actively monitor positions?
Hands-off trading is not realistic with martingale. You must manage open trades.
3) Do I meet the minimum broker account requirements?
Having proper trading conditions and adequate equity is mandatory.
If you answer “yes” to all three, the Budak Ubat EA offers a proven strategy to capitalize on trends across the major currency pairs. The backtest stats and community results speak for themselves.
The Final Verdict
The Budak Ubat EA brings a unique approach to navigating forex markets compared to traditional set and forget EAs. For traders comfortable with a moderate risk martingale strategy, you would struggle to find one with better customization and community trust.
Between the indicator-based entries, wise trade management, and focus on limiting drawdowns, the EA balances profit potential and risk effectively.
Just be sure you:
- Use a low spread ECN broker
- Trade it on the M15 or H1 timeframe
- Stick to the EUR/USD, USD/JPY and other major pairs
- Actively monitor open positions
Do those four things and the Budak Ubat EA will be poised to supercharge your forex account returns.