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FXSecret Immortal Review: Things to Consider Before Investing

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FXSecret Immortal

FXSecret Immortal is portrayed as a steady and fully functional trading robot that combines 3 different systems that can trade reliably and lucratively. According to the devs, their high-level expertise in the financial field enables them to design the best EAs. So, they imply that FXSecret Immortal is one of the most accomplished Forex robots out there. We will debunk this theory in our FXSecret Immortal review.

FXSecret is the company that stands behind this EA. It is said to be a private community of accomplished traders who create automated tools for Forex. The firm was founded in 2012, but the development of robots began way earlier, in 2009.

The features of the robot include:

  • Works on the MT4 and MT5 platforms
  • Comes with settings for easy setup
  • Lifetime support is available 24/7
  • The minimum recommended deposit for ‘a reliable trading’ is $1400
  • The devs recommend to deposit $700 if you are interested in aggressive trading
  • A drawdown control system is present

Trading strategies and currency pairs

Based on the live stats on Myfxbook, the EA mainly works with the EURUSD currency pair. The strategies applied are not specified. All we have is the statement 3 strategies in 1. It might interest you to know that the system is also working with the grid approach. This information is available in the ‘trading results’ section.

We have a line chart that displays the EA’s performance during its testing period (2014 to 2021). A drawdown of 65% was obtained in the end. This outcome prompted the devs to test a new combo of strategies from April 2018, which led to impressive results. However, they don’t provide us with the standard detailed strategy tester report illustrating the system’s profitability, risk/reward ratio, trading performance, win rates, etc. So, we have a hard time believing that the EA was tested successfully.

Backtest results

Backtest results

FXSecret Immortal trading statistics

FXSecret Immortal’s live records

FXSecret Immortal’s live records

The stats above show us that the strategy used by this robot was not improved as purported because it has not managed to reduce the risks involved in trading. There’s still a massive drawdown of 65.84% in the live market. The system’s profitability is not good either, going by the profit factor of 1.16 and the 4.74% profits delivered monthly.

Performance of trades

Performance of trades

From May 2013 to date, the system has completed 3012 trades. According to the number of lots traded (1832.85), it is apparent that the strategy used is risky in nature. No wonder most of its trades are unsuccessful. This is illustrated by the average win of 41.74 pips and a higher average loss of -51.20 pips. The win rates for long (57%) and short positions (55%) also portray a not so lucrative robot.

Trading history

Trading history

The table above is painted red, a sign that things are not going well for this account. The grid of orders used was ill-advised as it led to huge losses.

Monthly gains

Monthly gains

The monthly profits are sporadic and hence unpredictable.

Performance of the EURUSD pair

Performance of the EURUSD pair

The system mainly placed sell orders.

Number of trades conducted daily

Number of trades conducted daily

Out of the 3012 trades delivered, about 24% of them were completed on Wednesday.

Pricing and refund

You can get FXSecret Immortal at a price of $549. This pack includes 1 license and the possibility to change the account online countless times, among others. The EA’s quotation is quite high, given that the average price of an EA in the current market is $200 and below. Since we have established that the system has a low return rate, then it may not be worth the money.

FXSecret Immortal’s price

FXSecret Immortal’s price

What else you should know about FXSecret Immortal

FXSecret Immortal does not have any customer review on any of the reputed sites like Myfxbook, FPA, or Trustpilot. We doubt if any trader in their right mind would want to work with a system having such a high drawdown and low profitability.

FXSecret Immortal Conclusion

3.1

FXSecret Immortal is a very risky investment option. Its low return rate also means you won’t get far while trading with it. So it would be illogical to buy the EA, considering that people join Forex to make good money. You are better off trading manually or using other tools that have been proven to be credible and effective.

  • Price-3/10
  • Strategy-2/10
  • Trading results-4/10
  • Vendor transparency-4/10
  • Customer reviews-2/10
  • Support-4/10

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