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Multi Strategist EA is a Forex robot that utilizes nine different indicator-based trading strategies. The developer of this system is a man known as Julian Jager, and we did not find much information about this individual other than his name. This is his first forex robot, and he has no team to help in the operations. He is a sole developer and owner of the robot.
This is not the setup we are used to. Other companies have a team of developers constantly researching ways to improve their products. Julian will not be able to compete with such companies without a proper team. Moreover, he does not have an office.
However, this is not the only thing that matters in a company. We will look at various other aspects to see whether this forex robot is worth the investment. Furthermore, the developer of the robot has confidence that this system is among the best in the market. This is despite the system only being around from September 14th, 2019.
We will see whether this trading system has what it takes to be among the best Forex trading robots in the market. From what we can tell, it is still new in the market and not that popular.
Multi Strategist EA Review
The developer of this Forex robot is selling it on the MQL5 marketplace. At the moment, there is no dedicated website for the product. This is not common in the fore space. Many people would not consider this professional. We feel like Julian Jager would do himself a big favor by developing a website for his product. There is no better way to sell a product than that.
The MQL5 platform alone does not give us much information on the product. Moreover, Julian does not say much about his trading history. We cannot verify that he has any experience in financial markets.
A wealth of knowledge and experience is very crucial for successful trading in the forex space. Furthermore, systems run by experts have an edge in the market. The forex market is very fierce and requires perfect execution and a sixth sense for trends. This only comes from a considerable amount of experience in the market.
This software might be difficult to set up, especially for novice traders. Consequently, they require constant customer support to get things running. Unfortunately, Julian does not provide any contact details for clients to reach him. The only way to contact him is in the MQL5 marketplace or his discord forum. This is not very convenient. We prefer a phone number or, at the very least, an email address.
Pricing and Features
The price of the Multi Strategist EA stands at $319. However, clients can also rent the robot for six months at $219 or for a year at $269. The difference between renting for a year and purchasing the robot is $50. It makes no sense to rent it. It is better just to purchase it.
However, it is important to note that this robot is still expensive compared to other products. It might not be worth the price, considering only one person is running the robot. Other products have the edge because they have a large team of individuals working to improve the systems.
Moreover, this robot does not have any unique features. Like all the others, it allows automated trading in the forex markets. The robot only supports two major currency pairs, EURUSD and GBPUSD. The developer assures clients that more he will add more currency pairs, the robot trades in the H1 timeframe.
The software integrates and runs on the MT4 platform. This is a good thing because MT4 is the most popular trading platform.
Multi Strategist Trading Strategy
The strategy a robot uses in the market gives us a clear picture of what to expect. Further, an insight into the strategy helps investors determine whether the robot best suits their financial needs. Julian does offer us a statement of how the system works. He tells us that the system uses nine indicator-based strategies that work together or individually. Further, he lists the various technical analysis implemented in the strategy. These include;
- Moving Averages.
- Pivot points (Standard or Fibonacci).
- Stochastic Oscillator.
- Directional Movement Index (DMI) and the Average Directional Index (ADX).
- Relative Strength Index (RSI).
- Moving Average Convergence/Divergence (MACD).
- Williams Percent Range (WPR).
We do not doubt the importance of these various analyses. However, there is not much detail on the insights these analyses bring. The short description and list do not offer us much in terms of the market setups the robot looks out for in its operations. Overall, Julian seems like a person who knows what he is doing. However, we still don’t have a clear picture of how the robot works.
Multi Strategist EA Trading Results
The best way to showcase the performance of a forex robot is by providing a live Myfxbook account. Unfortunately, there is no Myfxbook account in this case. Julian only provides trading results on the MQL5 platform.
The results show an 8% gain and a 2% drawdown. However, this is from a very small sample of trades. For five weeks, the results only show nine trades. This is not enough for us to form a conclusive stand on the performance of the system. We would require more data to do that.
Moreover, Julian would do himself a big favor by uploading the trading results on Myfxbook. It takes only a few minutes to do so. There is no reason why he shouldn’t do it. Moreover, it would make the purchasing decision more comfortable for clients.
There are not many reviews about Multi Strategist EA on forums. This is because the system is still new and has not had time to form a reputation yet. It will take time before this robot becomes popular among the traders’ community.
However, there are some reviews on the MQL5 marketplace. Generally, most of the reviews are positive. People using the product seem to enjoy the services it offers. Still, there are a few negative reviews. Some people are complaining about the performance of the robot.
These mixed reviews are a sign that the robot has a long way to go. It is still relatively new in the market. It will take a few iterations before it is performing at an optimal level.
Overall, Multi Strategist EA is legit. However, at this time, we cannot recommend it to you. The developer, Julian, still has a long way to go to convince traders that this is the real deal. For starters, we think he should hire a bigger team and launch a website for the product. Additionally, he needs to provide a better way of contacting him. Further, he needs to offer better insight into how the system works.
In any case, this is still a relatively new product that can make improvements in the future. The results Julian show provides some promise. But he could still provide a bigger sample of trading results.
For these reasons, we do not think this robot is among the finest bots in the market. Only use the best Forex trading robots that have proven to work for a long time.
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