Copies of the Dark Clouds EA are available on the MQL5 market place and the robot continues to attract a fair amount of attention among those who frequently hunt Forex robots on this market place. According to the developer, the robot’s algorithm is built to traded based on multiple trading strategies including scalping and intraday strategies. So today we will review this robot and also the various trading strategies that it embraces and let you know whether or not it is a profitable trading tool.
The developer of Dark Clouds EA is called Marco Solito who has also launched 9 different products on this platform so far. This Forex trader and developer currently owns tradingquantitativo.it. The product list include Scalp Extreme Inside EA, Dark Hole, Dark Comet, Dark Scalping and Latency Arbitrate System among others.
The developer is offering support through phone call, email and whatsapp. These are all available on the website.
Note: These Forex robots are very reliable.
According to the developer, the Dark Clouds EA was built with artificial intelligence to predict and anticipate what the market will do next. However, the developer does not give a clear description of how the algorithm works. So we don’t know which strategy the robot uses in its AI algorithm. By the way, it is not a good idea for the developer to fail providing a brief overview of their trading methodology because traders generally want this information before they can decide whether or not to make a purchase.
👉 Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners. With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout the Next Day After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase. Click the Banner Below To Register Now:
While it’s understandable that developers need to hide certain aspects of their robots that make them a success, we still need an overview of the trading methodology. So we are not very pleased with the level of secrecy that this developer has maintained so far.
However, Marco provides visitors to his website the different set of parameters that make up his trading robot as well as set files which can be used with the EA. What is lacking is strategy insight and we would like to see more of this before we can even consider purchasing a copy of Dark Clouds EA. This is certainly the case with robot developers who produced Z Trader FX EA who failed to provide information about how their robot works.
Generally, the Forex market place requires lots of information because customers make their important purchase decisions based on this information. It makes no sense to maintain a high level of secrecy when it comes to selling a software or a trading signal.
The robot costs $490. It trades on the 1 minute time frame. It’s optimized for the EURUSD pair. However, trading strategy was not disclosed other than the claim that Dark Clouds EA uses AI technology to predict the next direction of the market.
While the software can also be rented for the price of $190 per month for 3 months, this option will cost you a lot of money down the line because by the time the 3 months are coming to an end, you will have paid much more than the $490 one time purchase price. The last update of this robot took place in December 17th 2018, and this shows that the developer is staying on track as much as frequent updates are concerned. At this rate, we should expect new updates being rolled out at least once in a month.
So far, the Dark Clouds EA is not cheap at all. For the price of $490, this is considered a very costly robot to buy and what will determine whether or not you will purchase a copy is the style of presentation.
What we have on the Dark Clouds EA sales page are back tested results. This prompted us to do a background research which led us to one of the developer’s Myfxbook accounts. In this myfxbook account, we found out that the robot had achieved a return of 16% and an overall draw down of just 5%.
This myfxbook account has been running since November 2018. The average win is 8 pips and loss is 15 pips which means that the risk to reward ratio of this robot is roughly 1:2. While some may argue that this risk to reward ratio is good, we don’t think it’s very ideal because generally, a robot must have a high number of pips for the average winners compared to the average loss in terms of pips. Also, we believe that if this robot has a good money management system in place, it can live with this risk to reward ratio in the long run.
However, we also discovered that Dark Clouds EA was down by 42 pips. This confirms our previous assertion that if win rate looks like this, then there is a limited chance that the robot will succeed in the long run. The robot has not demonstrated its ability to increase the number of pips gained on a consistent basis.
In terms of trading sample, it is very small. We need to watch out for this robot in 2019 to see whether it will be really profitable in the long run. But chances are that this won’t last and it will eventually collapse. Only time can tell.
Guys are very busy discussing this Forex robot on the reviews and feedback sections of the MQL5 platform. Most of these ratings are 5 stars which is a good sign and indication that the robot is gaining traction in terms of popularity.
The robot has both positive and negative points to note. The short term results are also very promising. However, the main concern here is that Marco, the developer does not provide the much needed insight into the workings of this robot. We believe that this is negatively impacting the success of the robot. This is something they can work on even now, so we don’t understand why they have maintained this level of secrecy up to now.
Bottom line: You can do well with these reliable and stable Forex robots.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More