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ATS Hilo EA Review: Scam or Not, Let’s See

ATS Hilo EA Review: Scam or Not, Let’s See

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This review looks at an expert advisor known as ATS Hilo by a Russian developer called Gennady Sergienko. ATS Hilo utilizes a strategy that is based on breakouts. It looks for high and low values so that it can take advantage of those market movements.

ATS Hilo is also considered one of the most popular MT4 robots on sale at the MQL5 website right now. This developer appears to be very keen on updating this software since the last update is version 3.3 which happened on September 6th, 2017.

So far, this Russian developer has created two products in total. The first one was called CounterTrend Indicators System (CIS), and was the most expensive of the two since one license was priced at $1000.

Contacting this developer can only happen through their MQL5 profile as there is no email address that was given to facilitate this communication.

Therefore, given that this robot is already creating a buzz out there, we’d like to review it and see whether it meets our criteria.

ATS Hilo Trading Robot Expert Advisor for MetaTrader 4 in MetaTrader Market

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ATS Hilo review

The first thing we noticed was that this robot was created to let traders figure out a strategy, optimize it and come up with settings that work best for them. However, we are already seeing that this is too much work for a newbie who just paid hundreds of dollars to get a supposedly premium expert advisor. Premium expert advisors don’t require any work on the part of the consumer. In fact, once you receive the set files, your job should be very simple. Just install and start trading.

However, with ATS Hilo, things seem to be very different as most of the work is done by the user and not the developer.

The point is, this product puts a heavy burden on the client, and may actually make it look like an inferior product to start with.

Therefore, because ATS Hilo expert advisor forces users to find a method that they can reliably use with this robot, we are knocking out one star on that basis alone.

On top of that, this expert advisor can only work when you’re trading on a low-spread broker platform. This means that you must be choosy when it comes to selecting these brokers in the marketplace. Again, there is no guarantee that you will easily find a broker who consistently keeps their spreads low.

Also, while we read the description of this product, we realized that it needed a Forex VPS network to be able to work efficiently.

Well, that’s not a bad thing because most EA’s in the market use some sort of VPS. So if you have to invest in a VPS for your trading, you should use these services instead because we vetted them and they passed the test.

The one criteria that we looked at when choosing those VPS services was the speed of pings. These companies offer the fastest latency you can ever find in the industry. But this is not the topic of this review anyway.

All in all, the likelihood of ATS Hilo expert advisor working with your current broker is slim. Actually, chances could be non-existent if indeed the ideal conditions won’t be met.

According to this developer, trading with high and low breakout values is a very popular method of trading in most systems. The developer also believes that their product is unique compared to many others in the market place, thanks to the fact that they created this software with a clean code to enable it work faster and efficiently, thus giving users an edge in the Forex market.

The developer claims that they were optimizing for speed specifically. This is supposed to make the software safe and profitable at the same time.

ATS Hilo EA pricing, strategy and trade-able currency pairs

This robot scalps the Forex market and can trade EURUSD, GBPUSD, USDJPY and GOLD. The ideal time frame of trading is M1 and H1 respectively. The cost is $89.

This product is one of the cheapest we have encountered on MQL5 website. Most products sold here are generally costly. But again, you also need to consider the fact that cheap things are always expensive. If it’s cheap, then it means that the developer didn’t commit the required amount or effort to create a truly amazing product. You may never know this until you purchase and start using the product.

Therefore, on one hand, it means that products that are sold on MQL5 website may soon become affordable to most traders. But on the other hand, this could be a case of a cheap product that doesn’t deliver, hence the cheap price. You have to be careful here.

Let’s see the trading results

The main problem that we have with products on MQL5 website is that their developers never provide their track record. They often don’t provide trading performance, although they come across as experts and experienced traders. They always get this part wrong. And as you have always known, trading results is important. You cannot buy a trading tool simply because you were told that it makes money. Instead, you buy it because you were presented with proof of trading performance, and you actually liked what you were seeing.

ats hilo ea rresults

Now, in the case of ATS Hilo EA, we have been provided with a bunch of different settings package and back-tests which show 90% modeling quality. A few years ago, this kind of presentation would have been accepted as normal and justified.

However, today things have changed. Most if not all trading systems now utilize live data. There is no place for backtesting since people no longer trust back-tested results.

Secondly, we do not see the need for a developer to avoid working with live data because they are so hell-bent on working with back-tested results.

Therefore, the only way to validate this system is if the developer provided us with their statements on platforms like myfxbook. Why are they shying away from tracking the results of ATS Hilo  EA on this platform? Probably the answer is crystal clear. They don’t have confidence enough that this robot can prove its capability in the market.

Customer feedback

There were 14 reviews at the time of writing this post. However, of late most of the reviewers who come here don’t say positive things about the ATS Hilo expert advisor. Those reviews have turned negative lately. Up until now, some users were rating it with a 5 star. However, this has since stopped as many people seem to be giving it between 1 and 2 stars at most. This makes us wonder whether it fell out of favor with the markets. Probably this developer isn’t supporting it anymore. These are just speculations. We are not quite sure.

hilo ats customer reviews

Our best advice for you

For now, we will not be using this system yet because a number of things haven’t been clarified. While we enjoy scalping and testing out new trading systems like the ATS Hilo expert advisor, we don’t feel compelled to pull out our credit cards for purposes of signing up. There is no proof that this trading system will make us money.

Thanks for reading this review. Make sure you check out these trading systems instead. They are the best as far as our testing is concerned.

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