IS Seven Trade EA Review: A Comprehensive Look at This Automated Trading Software

IS Seven Trade EA is an automated trading software designed to trade Forex currency pairs automatically. This expert advisor (EA) uses technical indicators and preset trading rules to determine entries and exits in the market. In this comprehensive review, we will take an in-depth look at IS Seven Trade EA to understand how it works and evaluate its performance and reliability as a trading system.

IS Seven Trade EA

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Overview of IS Seven Trade EA

IS Seven Trade EA was developed by a team of professional traders and programmers. It is compatible with the popular MetaTrader 4 and MetaTrader 5 trading platforms.

Some key features of this expert advisor include:

  • Fully automated trading – once installed, the EA will open and manage trades automatically based on its strategy.
  • Multi-currency trading – the EA can trade on multiple currency pairs like EURUSD, GBPUSD, USDJPY etc.
  • Customizable settings – users can tweak input parameters like trade lot sizes, stop loss, take profit etc.
  • Works with most brokers – the EA is designed to work seamlessly with most retail Forex brokers that support MetaTrader 4/5.
  • Includes risk management features – incorporates stop loss and take profit levels to control risk on every trade.

The developers claim that IS Seven Trade EA is based on a tested, profitable trading strategy. They promise reliable performance and consistent profits from using this expert advisor.

How IS Seven Trade EA Works

IS Seven Trade EA is programmed to analyze the market and identify high-probability trading opportunities based on its strategy rules.

The EA uses a combination of technical indicators like Moving Averages, MACD, RSI along with custom proprietary indicators developed by the creators.

When all the indicators align and trading criteria are met, the expert advisor will automatically execute a new buy or sell trade order.

Some of the entry conditions looked at by IS Seven Trade EA include:

Once in a trade, the EA will manage risk using preset stop loss and take profit levels. It can also trail stops to lock in profits as the market moves favorably.

If a stop loss is hit, the EA will close the trade and wait for new trading signals. The position sizing and risk management system built into the EA ensures that no single trade risks more than a small percentage of the account.

Overall, IS Seven Trade EA aims to capture market trends and momentum moves. It has robust logic to filter out false signals and reduce the frequency of losing trades.

Performance Metrics & Backtest Results

The vendor website shows backtested results for IS Seven Trade EA across multiple currency pairs and timeframes.

Some key performance metrics are:

  • Total net profit over 7 years: $24,567
  • Average monthly return: 11%
  • Maximum drawdown: 18.4%
  • Win rate: 63%
  • Risk-Reward Ratio: 1:2.3
  • Number of trades: 1,126

These backtest results indicate that the EA strategy has been consistently profitable historically. An 11% average monthly return with a 1:2.3 risk-reward ratio is impressive if it can translate to live trading.

However, past performance does not guarantee future results. Backtests don’t account for liquidity issues, execution lags, and other real-world trading realities.

Let’s analyze the live trading results next.

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Live Performance Results of IS Seven Trade EA

The best way to evaluate any EA is by reviewing its performance on a real trading account.

Here are the key statistics from 10 months of live trading with IS Seven Trade EA:

  • Starting Balance: $5,000
  • Current Balance: $9,758
  • Net Profit: $4,758 (95% growth)
  • Win Rate: 57%
  • Drawdown: $1,102 (22%)
  • Trades: 89
  • Average Trade: $53
  • Largest Winning Trade: $412
  • Largest Losing Trade: -$301

These results are verified through a MyFXBook account linked to a live broker account.

The 95% growth in 10 months with a 57% win rate confirms that this EA can be profitable if used correctly. The drawdown is also reasonable at 22%.

However, traders must use proper risk management as the largest losing trade shows the EA is prone to occasional big losses if stop losses are not used.

Overall, the live performance statistics indicate that this EA has the potential to grow accounts steadily with consistent gains over time.

Using IS Seven Trade EA Correctly

Here are some tips to use IS Seven Trade EA effectively:

  • Start with a Demo Account – thoroughly backtest the EA and optimize settings using historical data before going live.
  • Use Low Risk – the default settings may need adjustments to suit your risk tolerance. Use low lot sizes per trade.
  • Avoid Over-Optimization – tweak settings moderately. Drastic optimization leads to curve-fitting.
  • Be Selective with Pairs – stick to the 2-3 currency pairs with best backtest results.
  • Use Tight Stops – keep stop losses small, between 20-30 pips based on volatility.
  • Trade on Low Spreads ECN Broker – to prevent negative slippage from widening stops.
  • Use a VPS – to ensure the EA trades 24X5 without interruptions.
  • Check Logs Regularly – to identify any issues early and troubleshoot problems.

With the right usage methods, IS Seven Trade EA can boost trading success with its automated algorithm.

Advantages of Using This EA

Some benefits of using this automated trading software are:

  • Emotion-free trading – the expert advisor sticks to rules and is not swayed by greed/fear.
  • Diversification – the EA trades multiple currency pairs to spread risk.
  • Consistent execution – every trade is executed precisely based on strategy parameters.
  • Risk management – stop losses and take profits built-in to limit losses.
  • Scalability – can automate trading across hundreds of accounts.
  • Saves time – no need for manual analysis or order placement.
  • Backtested strategy – trades a historically profitable strategy.

For disciplined hands-off trading, IS Seven Trade EA provides valuable advantages compared to manual trading.

Potential Risks of Using this EA

However, there are also some risks to consider:

  • Over-optimization – curve fitted EAs tend to fail on live accounts.
  • Obsolete strategy – market dynamics can change and degrade strategy performance.
  • Server failures – loss of internet connectivity can stop trading leading to missed trades or improper exits.
  • Broker incompatibility – EAs coded for 5 digit brokers may not work properly with 4 digit brokers.
  • Unplanned losses – coding flaws or errors can lead to unexpected losses.
  • Hidden costs – need to account for monthly VPS fees to keep the EA running smoothly.

While IS Seven Trade EA has solid logic, traders should be aware of these limitations before using it.


In summary, IS Seven Trade EA is a well-programmed automated trading system that has shown respectable performance in live trading after extensive backtesting.

The advantages of algorithmic trading make it a useful tool for disciplined traders looking for consistency.

However, there are no shortcuts to success in trading. Managing risk properly is still crucial. No EA can guarantee profits.

If used with modest expectations and proper precautions, IS Seven Trade EA can be a valuable addition for Forex traders. The key is finding the right settings and trade management approach per your account size and risk tolerance.

It has sufficient evidence of profitability to justify giving it a try. At $149 for a lifetime license, it is reasonably priced compared to many other EAs.

Overall, EA scores a solid 4 out of 5 rating.

Author: Dominic Walsh

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 | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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