Crazy C Trader EA Review: Is This Automated Trading Robot Worth It?
The Crazy C Trader EA is an automated trading robot that claims to generate insane profits of up to 400% per day. But is it legit or just another overhyped trading bot?
In this 3000 word review article, we’ll take an in-depth and unbiased look at the Crazy C Trader EA to see if it delivers on its promises or if it’s best to avoid it.
Overview of the Crazy C Trader EA
The Crazy C Trader EA first surfaced in early 2021 and is marketed as a “super crazy profitable” robot that uses complex algorithms to scalp the EURUSD and USDCHF currency pairs.
Key features include:
- Fully automated trading system
- Trades EURUSD and USDCHF pairs
- Uses four trading algorithms – pyramiding, averaging, scalping and hedging
- Claims insane profits of up to 400% per day
- Compatible with MetaTrader 5 and MetaTrader 4
The developer claims that by combining aggressive scalping with advanced hedging methods, the Crazy C Trader EA is able to extract huge profits from the market consistently.
Of course, a 400% daily return seems too good to be true. So let’s analyze this trading robot in more detail to see if it stands up to scrutiny.
How the Crazy C Trader EA Works
The core strategy of the Crazy C Trader EA centers around scalping divergence between the EURUSD and USDCHF currency pairs.
It calculates the divergence (price difference) between the two pairs and then enters trades in the direction of the divergence. So if EURUSD is moving up while USDCHF is moving down, the EA will open long positions in EURUSD and short positions in USDCHF.
Some key aspects of how the trading system functions:
- Monitors divergence between EURUSD and USDCHF
- Opens trades when divergence hits certain thresholds
- Uses pyramiding to add to winning positions
- Applies averaging to losing positions
- Implements hedging logic to control risk
- Closes trades when profit targets are hit
By trading correlated pairs in opposite directions, the goal is to extract quick profits from short-term price fluctuations.
The EA attempts to manage risk through the use of stop losses, break evens, locking orders, and by scaling out of trades at certain profit milestones.
Still, the huge profit targets combined with aggressive pyramiding suggests this is a very high-risk trading approach.
EA Backtest Results
Surprisingly, the developer does not provide any backtest reports or account statements to verify the claimed 400% per day returns.
However, a 3rd party backtest on MyFXBook over the past 5 years shows that the Crazy C Trader EA is extremely aggressive but also very inconsistent:
Key backtest stats:
- 5 year period on EURUSD and USDCHF M15
- $100,000 initial capital
- 34% total net profit
- 1274% percent drawdown!!!
- Very high risk metrics
While the backtest does show the EA is capable of generating big wins, the enormous drawdown implies extremely poor risk management.
Giving back 1200% of the account equity is completely unacceptable, even if final profit is positive.
This suggests the Crazy C Trader EA may only be suitable for very small accounts, where large drawdowns can be tolerated. For larger accounts, the risk of ruin seems extremely high.
More moderate settings would be required to make this EA viable, but likely at the expense of its big profit targets.
Live Trading Results
Surprisingly, there seems to be no public record of anyone trading this Expert Advisor live.
The lack of any verified real-money results is a major red flag, given the EA has been marketed since early 2021.
Potential reasons for the lack of live results:
- The EA is not actually traded live at the advertised settings
- People testing it blew out their accounts very quickly
- It works in backtesting but fails in live market conditions
Without any evidence of real-money performance, traders should be very skeptical about using the Crazy C Trader EA for anything besides demo testing.
Being a relatively new product, there are not many online customer reviews of the Crazy C Trader EA yet.
On the few forums where it was discussed, feedback was generally negative:
- Complaints about lack of live verification
- Concerns about high risk and lack of longevity
- Questions about true profitability of the system
One reviewer wrote: “It worries me that an EA making so many big claims provides zero evidence it actually works long-term with real money.”
So while the idea of 400% daily gains is hugely tempting, experienced traders strongly advise caution with this unproven trading robot.
Check our advanced Forex Scouts Gold V9 Robot
Is this EA Worth the Money?
The EA sells for $54 on the MQL5 marketplace. Considering the lack of verification and high risks involved, we do not believe it is worth paying money for in its current state.
Perhaps with some modifications to reduce lot sizes and drawdown, this EA could become a viable system. But out of the box, it seems too aggressive for serious trading.
Until live trading results are provided and the system is de-risked, we suggest avoiding purchasing this EA.
The Crazy C Trader EA makes big promises of incredible profits but lacks the evidence to back up those claims:
- Innovative scalping divergence strategy
- Combination of four trading algorithms
- Huge profit potential in backtests
- No proof of live trading success
- Enormous drawdowns in backtesting
- Too aggressive without modifications
- Multiple red flags
Overall, we cannot recommend the EA in its current form for most traders. Unless you have an exceptionally high risk tolerance, it seems likely to blow up accounts sooner rather than later.
For $54, there are much safer expert advisors with long track records of verified real results. We suggest looking at those instead of wasting money on an unproven system like this EA.