For traders interested in trading the green market, Green Graph EA claims to provide green profits and big returns. A safe trading experience with the help of the AI-based EA is guaranteed by the vendor. The vendor claims that the system can minimize losses through smart management of trades.
There are not many details provided on the company and its founding history. From the Myfxbook profile, George Green is the developer of this EA and he is based in the UK with 5 years of experience in trading. This seems to be the only FX EA by the developer as we could not find any further info on the developer.
Green Graph EA Review
As per the vendor info, this FX robot is ideal for beginners as it offers newbies the same advantage that a professional trader has. The main features of this ATS include the capability of working with all popular brokers, fully verified results, the use of smart AI with a self-developing feature, continuous updates, and full customer support. Expert money management and user-friendly software are other features of this MT4 tool.
The working mechanism is based on a trend-friendly trading approach. As the first step, the smart AI technology in this EA scans and identifies the ideal trend. Next,the execution of trade is decided based on the special algorithm that uses indicators like RSI and an undisclosed mathematical formula.
When the trades are made, the EA manages the trades by finding the ideal positions that result in green returns. As per the vendor info, the trade management parameters help to avoid losses by controlling drawdown using the special calculation by the EA provided the market conditions are favorable. Let’s find out whether the vendor claims are true by analyzing the live performance of the system.
Trading Strategies and Currency Pairs
Two backtesting results are shown on the official site. Here is a screenshot of one of the results:
From the above image, we can see that the backtest performed on the EURAUD pair from July 2019 up to February 2021 on a one-hour timeframe reveals a total profit of 36218.65%. A drawdown of 31.86% is present for this strategy test done on Every Tick model. For a total of 940 trades, the pips won were 8323.5 and the profit factor was 2.66. The trading history reveals varied lot sizes ranging from 22.74 up to 35.10. From the high drawdown value and huge lot size, it is clear that the EA was using a high-risk approach.
Green Graph EA Trading Statistics
A live real USD Cent account trading result is posted by the vendor. The track record and trading privileges are verified by the Myfxbook site. Leverage of 1:500 is used for this account on the RoboForex broker platform. The total gain is 297.87% and the absolute profit value is 133.92%. The large difference between the two values indicates the strategy used is not effective. A drawdown of 42.11% further confirms that the approach requires more optimization to prevent such losses.
For the account that started trading in March 2021, a total of 634 trades have been executed with a profitability of 70% and a profit factor value of 1.26. We could not see the lot size as the data for trading history is hidden. This raises a red flag.
Pricing and Refund
Two price packages are offered for traders – Profitable EA and the Professional package. While the former costs $45 per month, the latter costs $75 per month. The main difference between the two is the provision of free VPS for one month for the Professional package.
Other features common to the two packages include one real/demo account, free updates, and 24/7 support. A money-back guarantee of 30 days is offered. When compared to the prevailing subscription plans of similar EAs, the pricing of this FX robot looks affordable. But with very limited features available we find that the price is not worthwhile.
What Else You Should Know about Green Graph EA
User reviews for this EA are not available on the Forex Peace Army site, although the vendor mentions the review site on the EA website. Customer testimonials are also not found on sites like Trustpilot which reveals that this is not a popular FX EA in the market.
Green Graph EA Conclusion
With the motto of earn safe and earn green, Green Graph EA claims to provide big profits. But our analysis of the backtests, trading results, and pricing reveals that this is not a reliable FX EA. As an ATS using several optimization features, this EA shows poor performance with its high drawdown and lot size values in the strategy tester report. Although the real account results are verified, the huge drawdown and hidden trading history indicate the performance is not as claimed by the vendor. With very minimal features provided on the purchase of this MT4 tool and the absence of user reviews, we conclude that this is not a trustworthy EA.
Overall Rating: 4.7/10
- Price – 4/10
- Strategy – 5/10
- Trading Results – 5/10
- Vendor Transparency –4.5/10
- Customer Reviews –4.5/10
- Support – 5/10