AirHopper Forex EA has a fancy name indeed. But does it yield any results? Can you actually make money with this EA as promised on their website?
Those are some of the questions we shall be tackling concerning this Expert Advisor. You see, vendors say one thing but do another.
AirHopper Forex EA website advertises that this robot will make your work easier and still put you in the fast-track to financial freedom.
It claims to make Forex trading ”easier” for everyone including those who are used to doing it manually.
Besides claiming that AirHopper Forex EA will limit your risk and guarantee financial freedom, the site also says that they offer 24 hour support during the week, and that you can get a refund in record 30 days if you’re not satisfied.
And of course AirHopper Forex EA has different pricing packages to ”ensure” that everyone can afford it.
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Now, the truth is that all Forex vendors do make these claims, and not every one of them is genuine when they sweet-talk you with these promises.
Let’s see what AirHopper Forex EA is made of and whether or not you deserve it:
This website would like you to believe that their EA is built on reliability, proven track record, compatibility, lifetime support, and user-friendliness.
These ideals are the subject of their promotion for this EA. But still questions arise concerning whether or not you should add AirHopper Forex EA into your MT4 library.
The first thing you will realize when you visit http://airhopperforexea.com/ is that the website has very thin content describing what Air Hopper Forex EA really is.
Sure, there is a lot of content on the website. However, 95% of this content just nibbles on the edges instead of discussing what this EA is and why it deserves a chance to be recognized.
We noticed that this website was repeating the same content over and over again, thereby making it look like they didn’t have any real substance when introducing or even marketing AirHopper Forex EA.
We cannot really say that it’s a complete failure of communication. However, we can state without blinking an eye that this is not the type of transparency that investors should be treated to when it comes to choosing a good EA.
Also, there are mixed opinions on the trading strategy for this EA. The website does not state very well which trading strategies are being used here.
On the other hand, some people who claim to have used this system say that it uses martingale + grid combo strategies to enter and exit markets.
If this assumption is anything to go by, then it means that AirHopper Forex EA will demand a broker who can give you high leverage.
Consequently, this raises your risk profile. Obviously if you trade with too much leverage, you will ultimately burn your account. That’s for a fact.
Basically, the explanation (according to this website) is vague. We just need to look at the purported results before drawing a conclusion that this system is ”profitable”.
All we know is that this system is a scalper since it trades on the 30m time frame.
This brings us to our second point, which is the results of this EA. Can these results be trusted?
FXBlue is the host of their past performance results. We don’t know why they chose FXBlue instead of MYFXBook.
The reason why we prefer MYFXBook as opposed to FXBlue is that we’ve encountered bogus and flawed results in FXBlue before. We actually lost trust for FXBlue long time ago.
When we look at these results anyway, we could see that they were plotted for the trading period starting 23rd February this year. This testing period lasted for 45 days.
We can also see that AirHopper Forex EA banked a profit of 30% in the entire month. This translates to 1.28% daily profit.
The win rate ranges between 70-79%. The software seems to have been designed to aim at 5 to 15 pips per transaction.
Under optimal conditions, it seeks to get out of the market between 15-30 minutes of entering a trade.
Now, indeed these results for AirHopper Forex EA insinuate that the software is stable.
Remember that this does not mean that these results will continue this way for a long-term period.
It’s still worth mentioning that these results were taken for a small sample. If they could prove that AirHopper Forex EA can do consistently well in the next 6 months or at least make us 30% return each month, we would consider it a contender. It would have been super impressive!
Another thing is that these results are for the vendor’s account. We need to wait and see what traders account say concerning the long-term performance of AirHopper Forex EA.
In short, there is no guarantee that the results you’re seeing above are valid. We would have appreciated Myfxbook results instead.
One user said that while back-testing AirHopper Forex EA on the recommended currency pairs, the EA kept crashing due to sudden reversal in market direction which sometimes happen even when there is no retracement.
This EA has also been accused of having unfavorable risk to reward ratio. It means that users have to risk more just to gain a very small profit.
Thirdly, the vendor has been accused of adjusting lot size from his end and not offering any explanation on how this should be done from the user’s end.
Basically, support is terrible. These concerns have never been addressed up to now, despite having launched AirHopper Forex EA several months ago.
Also, this EA comes with a default setting of $3000. This means that you can’t use it unless you have a sizeable account with a minimum of $3,000.
Risking such capital is not sensible on a live MT4 account connected with an EA whose long-term performance has not been verified.
For one, most traders who are just starting out can’t afford to raise that much. Secondly, it is never wise to commit that much on an EA whose reputation and performance is questionable.
Since we are not 100% confident with this EA, there is no need to go ahead and use it.
You should never waste time and money on EAs whose owners keep beating around the bush instead of presenting facts.
Again, there are many genuine Expert Advisors around. These options are even much better than AirHopper Forex EA since they have a solid track record of performance over the months.
Also, whether AirHopper Forex EA is a scam or not is something we haven’t determined yet. What we know so far is that there is a real risk that things will not go well with anyone who commits to this EA.
For these reasons, we can’t entirely blacklist it yet. We need to see real client accounts being tested by this software so as to verify its long term profitability.
Unless we can watch its progress over time, there is no way to tell whether or not it will blow your account.
At the same time, it’s always safe to stay on the safer side by using our top-rated Forex signals and mentoring programs instead.
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