SpaceX Trader Pro EA Review: An In-Depth Analysis
SpaceX Trader Pro EA is an automated trading software designed for the MetaTrader 4 platform. This expert advisor (EA) claims to generate consistent daily profits with a low-risk approach. In this comprehensive review, we will examine the key features, performance, pros, and cons of SpaceX Trader Pro EA to determine if it is a worthwhile investment for traders.
Download SpaceX Trader Pro EA MT4 Unlimited
Overview of This EA
SpaceX Trader Pro EA is marketed as a secure automated software for trading forex and indices. The EA uses a fully automatic autonomous robot expert capable of executing trades based on its programmed logic and parameters. Some of the key features of SpaceX Trader Pro EA include:
- Fully automated trading system
- Works with multiple currency pairs
- Low drawdown capabilities
- Easy to use and set up
How Does SpaceX Trader Pro EA Work?
SpaceX Trader Pro EA is programmed with a set of trading rules and logic to identify high-probability trading opportunities across various currency pairs. It utilizes custom-built indicators along with standard technical analysis tools like moving averages and envelopes to determine market direction and momentum.
Once a trade setup is identified based on its strategy, the EA will automatically place a pending buy or sell order. It then manages the trade according to predefined parameters until the take profit target is reached.
The EA is capable of opening both market and pending orders. It also includes features for closing trades at breakeven and trailing stops to lock in profits.
Risk management is handled through automated stop loss placement on every trade. The stop loss levels are optimized to allow enough room for price fluctuation while limiting potential losses.
Pros and Cons of SpaceX Trader Pro EA
Pros
- Fully automated trading system, requiring minimal user intervention
- Compatible with multiple currency pairs
- Low drawdown capabilities
- Easy to use and set up
Cons
- Limited information on the developers and the inner workings of the EA
- No verified live trading results available
- Requires monitoring and human supervision for optimal results
Performance and Backtesting Results
According to the vendor’s website, SpaceX Trader Pro EA has been extensively backtested across multiple currency pairs and timeframes. On the EUR/USD pair alone, it was able to generate over 16,000% returns in just 5 months of backtesting from 2020 to 2021. However, there are no verified live trading results available to confirm the EA’s performance in real market conditions.
Verdict
SpaceX Trader Pro EA shows potential as an automated trading system based on its backtest statistics. However, the lack of verified live trading results and limited information on the developers and the inner workings of the EA raises concerns about its reliability and performance.
Before deciding to use SpaceX Trader Pro EA, it is crucial to conduct thorough research and testing. If you choose to use this EA, ensure proper risk management and monitor its performance closely to achieve the best results.