EA Sapphire Review Is EA Sapphire a legit forex robot

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EA Sapphire Review

EA Sapphire is a new expert advisor that was first released in September 2020, and has been updated multiple times to V2.50. The last update was on April 2nd, 2020. EA Sapphire was developed by Fanur Galmov with address located in the Ukraine. He attends to direct messages on his personal MQL5 profile though his support is not effective as a more commercial expert advisor.

The product comes with advantages, recommendations and an area where they provide a brief introduction to each parameter.

EA Sapphire Review

You may have seen MQL5 forex robots that are backed up with high rating but they are all manipulations to sell high.

The EA Sapphire robot is a highly rated program on MQL5, but this doesn’t always mean that it’s an effective system. EA Sapphire is a new Forex robot promising to give traders access to an advanced selection algorithm perfect at picking out accurate entry points.

Trading Strategy

During our review of EA Sapphire we saw that their are some discrepancy in the details about trading strategy. In the advantages section of the sales pitch, is a quote that says the robot “does not use indicators, grid, martingale, arbitration.” Yet, in the parameters section are 6 different settings that are all connected to grid trading. These are GridMultiLot, GridTakeProfit, GridFirstOrdersStep, GridNextOrdersStep and GridMaxDD. It’s hard to believe that this strategy doesn’t have any grid elements, when you can see them within the parameters. This is likely something that needs to be resolved.

Grid trading can be very risky, so most vendors want to disassociate themselves from this strategy, but this isn’t the correct way in doing so.

EA Sapphire Breakdown

  • Type: Forex Robot
  • Price: $199+
  • Strategy: Multiple including grid
  • Timeframe: H1
  • Pairs: EURUSD, GBPUSD

Subscription

The EA Sapphire subscription is quite unusual. The EA Sapphire pricing model is different from most robots in that the price rises based on how many orders are placed by the community. Right now, the software has 6 copies left at $199, which will raise to $249 and inevitably become even higher than that after those 15 copies are sold. This is a marketing strategy to create more interest, but it doesn’t interest us that much.

Timeframe

When you want to buy an expert advisor but you are considering which one has the best time frame for you, there are three time frames you should bear in mind; Long term, Short term and Intraday.

EA Sapphire time frame is at H1, which means the robot completes a trade in 1 hour.

Such hourly trades have advantages which include lots of trading opportunities, less chance of losing months and no overnight risk. But you should consider that the transaction costs will be much higher (more spreads to pay).

2 Major Pairs

When you trade in the forex market, you buy or sell in currency pairs.

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EA Sapphire robot deals on 2 major Forex pair; EURUSD, GBPUSD. No Minor Pairs.

The majors are the most liquid and widely traded currency pairs in the world. They account to about 85% of Forex trading.

Trading Result

At the SCAM EA, you will find hundreds of reviews of Forex robots, where we check to see if they are verified investment product, or simply a scam. The way investors properly compare a Forex EA result, is by checking to see if their results are published in a public statement sharing site, like myfxbook or FXBlue.

The EA Sapphire provided their result on MQL5. There are no Myfxbook accounts, which is disappointing, because Myfxbook provides the most transparency when it comes to verified trading results.

The trading account provided, shows a 92% gain on an ICMarkets demo, with 82.4% profit trades and 17.6% loss trades. Over 47 weeks, with 324 trades the maximum drawdown is 38%.

The demo account has taken a $200 deposit, and turned it into $184 profit. We would like to see the software trade on a real account, so we can see how it performs in those conditions. We generally like to see a trading account prove that it’s at least worth the money spent for it.

EA Sapphire Review Conclusion

While it may come across as a bit complicated, the EA Sapphire is an interesting trading product. There are aspects we approve of, and others that are not exactly in line with their own projections. It’s clear to us that this is a grid trader, so there is some risk, so be careful with how you decide to proceed. We would also like to see some verified Myfxbook accounts before we add it to our accounts. Otherwise these trading tools are better and more efficient than what we have seen anywhere else in a long time.

Ea robot forex review

Forex robot is a trending topic in currency exchange spectrum. Today, more and more traders implement intuitive computer programs while completing transactions. These applications determine every market contingency and provide users with usable insights. So, to prosper, you must go through top Forex ea robot reviews.

The robot reviews are very useful while choosing an appropriate version. There are numerous trading applications and advisors; which operate under different brand names. People opting for these services must determine whether their desired service lines up with his/her investment philosophy.

But usually, you will find that most software programs run on similar frameworks. Programmers base all these dispread apps on MetaTrader platform, with minor customisations. If you are an aspiring investor, then you must test your assumptions and tastes.

So, while purchasing your Forex application, you should analyze;

– Expected profit, per transaction:

This analysis will help purchasers gauge, how much that application will earn from each transaction. It provides a base on which you can assume how profitable your expert advisor, on a consistent basis.

The analysis depends on historical data. In other words, that application’s historical performance helps to predict future success. Experts determine this expected profit by subtracting losing trade percentage from winning trade percentage.

Your result will provide a rough picture of how the advisor application will deliver under different market conditions.

– The risk to reward ratio:

This ratio helps determine an individual expert advisor’s risk-taking capability. The risk to reward comparisons is vital for predicting how far a user can push his/her application. It provides bedrock upon which people can take calculated risks.

Example: Let’s say, Pierce is a person who will purchase an expert advisor. He read through ea robot Forex review and is zeroing in on a robot with 5 pip profit. That EA has a stop-loss of 35 pips. So, you can say that this particular bot’s risk to reward ratio is 7:1. It will also need a success rate of 79% or more.

Usually, there are different Forex advisor types. And their risk to reward ratio varies, according to their implementation. For instance, scalping applications have a relatively higher risk-reward ratio. This is because; they use an unpredictable strategy.

Now, if a software program has a high-risk factor, you shouldn’t avoid it. This factor doesn’t signify that your app will not make money. Like mentioned above, there are a lot of risky applications that function consistently across challenging markets.

– Brokerage firm’s integrity:

There is a famous saying that, “a robot is as good as the brokerage offering it.” So, while you choose your appropriate product; you must always research on that brokerage’s reputation and historical performance. You can go through Forex ea robot reviews and determine which platform has goodwill and integrity.

Concluding, you can say that Forex EAs are compassed which one can use to navigate this market terrain. So, as an investor, you must always strive to improve profit margins. Hence, reading through countless Forex ea robot reviews will help you choose your best fit.

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

75 robots expert advisors made into a consistent EA

I have finally made a consistent EA .I am pleased to share the story of successful, profitable and consistent eas. It took over 14 years of time investment, money , coders fees of $30,000 , back testing , forward testing and learning real professional trading , professional trading knowledge that is coded in my eas. The total cost of my EA is $500,000 in my time and money.

99 % of expert advisors or most / robots fail, when market conditions change. The meta quotes championship winner expert advisors all failed in the following years, when market conditions changed.

Most forex eas 99% of them fail?It is unlikely anyone will ever produce a consistent forex EA, there are fundamental reasons why they can not produce them.
Several internet discussions on “why do 99 % of robots expert advisors fail of eas fail?”

A forex pair consists of two economies, both are always changing, and interest rates expectations change over months and years.Volatility becomes noisy with 50 % related to one currency and 50 % related to another.This kills smooth trends in forex. Daily banking transactions by the banks , central banks and businesses create a lot of noise moves for the trends , with fake moves and breakdown of real trends This creates noisy forex trends, these trends break down regularly.No one can program profitable EAS for the above behavior.

My forex eas are designed with fundamentals as follows:

The type of Eas that work in forex are Grid EAS .Design yourself a grid EA and trade it with interest rates expectations.

Search on internet for Grid trading very viable method of automated trading & EURUSD Currency grid trading like a pro.

I have made grid eas for forex that are profitable in the long term.These are the only types of EAS that produce returns.

A single modular trading robot EA can be programmed with 75 precision entry and exits systems, it would be impossible to do it succesfully. I chose to make 75 different EAS to make 75 variations in my EAS, to cater for all the the market conditions and variations.if market conditions change the EA becomes the patient disciplined trader. Some of the eas are coded with unique price action set ups, grid set ups, contrarian strategies with an edge, fundamental strategies ea (analyzed into technical analysis) , breakouts, trends, intraday trend trades in direction of major trends, ranging markets eas, breakout failures ea, fake move fractals ea , reversal eas and many unique different price action confirmation eas etc

The 75 EAS are giving me 75 % a year, that is only 1 % a year per EA. Big funds by Goldman Sachs would be happy to buy my EAS for $20M , they could make $200m a year or several billion dollars over many years.Why would I sell a good EA? I do not sell EAS , but I thought many here would like to have a refreshing discussion on expert advisors/robots.

1 % per EA is for real money live account EAS , is not good, it is poor EA. Other people are selling EAS with 100% to 1000 % a year profits , they are geniuses . Overall 75% from 75 robots is a real EA , it is safe EA with highly complex martingale, that doubles on average upto *2 orignal losing size.

The 75 EAS are operating from 4 IC7 computers and 25 meta trader platforms on 4 accounts.I don’t back test EAS for past profitability, except I back test only to check functions of code.A consistent EA for me is one which makes money every few months, several months a year, but remains low risk when market conditions are difficult for EAS. It should not lose much on bad conditions.

Most back testing is useless, back testing that performed well from 2001 to 2006 , failed horribly in 2007 to 2020, because there were fundamental interest expectations in 2001 to 2006. Most back testing is carried out without psychology, and later used in a psychology based manual method, only to under perform due to the negative wiring of the human brain in trading,

It is difficult to code one trading robot ea to be consistently profitable. A trader needs many robots.If you want to understand eas and robots, please see the precision robots at work n the Mercedes factory.I am not going to post a video of one such operation with many robots in Mercedes factory, but you can see them on youtube.

There are many free profitable EAS with source codes on internet searches , I play around with them to increase my knowledge.I am learning a lot from from free profitable eas with source codes on internet searches. I don’t use them for actual trading , but I use them only for learning, I use professionally coded safe EAS on live account.. Hope you all get there for free.

The EAS also send automatic withdrawal request to my broker , to withdraw profits when balance rises. It is like having my own ATM EA, I simply go to the ATM to collect.

I will be happy to answer serious questions.

Below are back tests for 2001 to 2008 , the equity curve returned to 2001 to 2004 , so back tests and over optimized back tests are useless. Back testing is like shooting an arrow ,then drawing a circle around it afterwards, it can’t be done in real time, so all back tested reliant eas are worthless.I gave up on expert advisors , after seeing the equity curve for 2007 to 2020, it was similar to 2001 to 2004, so I gave up on using expert advisors in 2020.

It took many years to find out the truth.I restarted 3 times after 2020 and gave up and I am finally there.

I treat these EAS as a business , a business where computers are buying and selling, they are making an annual profit. This business requires no employees , except my self and coders employed on piece work .The only other expenses being rent of office , computers , electricity and internet. I have to do nothing (after all eas are developed), but just watch ATM computers in action.Where can I buy a business like this earning 75% a year? I will buy similar businesses , if anyone willing to sell me EAS. I don’t sell EAS , I use them for business purposes.

my forex EAS problems have finally been solved in 2020.

40 % more profit by avoiding first 4 trades (post1), plus 25 % more profit by trading correlations (post 2) and 5 % + better by trading after 11.00 and 25 % more profit by avoiding scalping and day trading, that is a potential 100 % improvement in profits.

I made 44 EAS for forex in 2020, there was missing pieces in the jigsaw , it was not available on mt4, 8 years later I learn the missing pieces , not on MT4

40 % more profit by avoiding first 4 trades

plus 25 % more profit by trading correlations

10 % + better by trading after 11.00

and 25 % more profit by avoiding scalping and day trading,

Forex Sapphire Expert Advisor

Forex Sapphire Expert Advisor review:

Advantages

  • Advanced algorithm for tracking positions.
  • Each item contains a protective stop order.
  • Work with fixed and autolots based on MM.
  • There is no need to disconnect the EA at the time of news release.
  • Does not use indicators, grid, martingale, arbitration.
  • Work with four and five-digit quotes.
  • Protection against spread increase.
  • Low trading drawdown.
  • Flexible configuration.

Recommendations

  • Min. deposit $100.
  • Recommended pairs: EURUSD, GBPUSD, USDJPY.
  • Timeframes: H1 or higher.
  • Use an ECN-broker with fast order execution.
  • For reliable and stable trading use VPS.
  • DepoLoad – deposit usage, %;
  • FixedLot – fixed trading lot;
  • AutoLot – use automatic lot calculation;
  • RiskPerTrade – risk per one trade, %;
  • TradeBuy – use long positions;
  • TradeSell – use short positions;
  • TakeProfit – take profit level, pips;
  • StopLoss – stop loss level, pips
  • TrailSL – trailing stop level, pips;
  • TrailStep – trailing step level, pips;
  • BuyShift – offset of entry point of long position, pips;
  • SellShift – offset of entry point of short position, pips;
  • RepairSL – use the drawdown reduction unit;
  • BreakEven – use the break-even block;
  • BELevel – break-even level, pips;
  • BEPips – break-even size, pips;
  • RecoveryMode:
  • — Single Trade – recovery using a single opposite position;
  • — GridRecovery – advanced recovery system using a flexible order grid;
  • — Disabled – not used;
  • GridMultiLot – lot multiplier, used if RecoveryMode = GridRecovery;
  • GridTakeProfit – take profit of the order grid, used if RM = GR;
  • GridFirstOrderStep – distance of the first order, used if RM = GR;
  • GridNextOrdersStep – distance of the next orders, used if RM = GR;
  • GridMaxDD – maximum allowed DD %, used if RM = GR;
  • UseSpreadFilter – use high spread protection;
  • MaxSpread – maximum allowable spread, pips;
  • UseNewsFilter – use the news filter;
  • DetectLowNews – detect low importance news;
  • PauseBeforeLow – pause before the release of news with low importance, min;
  • PauseAfterLow – pause after the release of news with low importance, min;
  • DetectMiddleNews – detect medium importance news;
  • PauseBeforeMiddle – pause before the release of news with medium importance, min;
  • PauseAfterMiddle – pause after the release of news with medium importance, min;
  • DetectHighNews – detect high-priority news;
  • PauseBeforeHigh – pause before the release of news with high importance, min;
  • PauseAfterHigh – pause after the release of news with high importance, min;
  • DetectNFPNews – detect “Non Farm Payrolls” news;
  • PauseBeforeNFP – pause before the NFP release, min;
  • PauseAfterNFP – pause after the NFP release, min;
  • SymbolNews – track the news of the current symbol only;
  • ServerGMT – trading server GMT zone;
  • UseTimeFilter – use time filter;
  • HourStart – EA operation start time, hour;
  • MinuteStart – EA operation start time, min;
  • HourEnd – EA operation end time, hour;
  • MinuteEnd – EA operation end time, min;
  • Monday – enable / disable work on Monday;
  • Tuesday – enable / disable work on Tuesday;
  • Wednesday – enable / disable work on Wednesday;
  • Thursday – enable / disable work on Thursday;
  • Friday – enable / disable work on Friday;
  • Range – entry points search range, bars;
  • TradeComment – comments for the EA’s orders;
  • ShowInfoPanel – show information panel;
  • MagicNumber – unique identifier of the Ea’s orders.

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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