Kapola Trader EA is an MT4 licensed system with various attributes that automates FOREX income. It is mainly reliant on the Bollinger Bands Profit Strategy and claims to use safe, profitable, and reliable trading strategies using money management. The website contains Myfxbook live records, which will reference the following review content.
The company is not transparent about its trading experience in the market. We have scanned the whole webpage but could not find information on the topic. When it comes to the customer helpline, they only accept queries through a form.
Furthermore, it’s suspicious that they don’t provide any company email, corporate office location, or certifications that might add to their credibility.
The robot has the following features:
- It works on autopilot.
- The devs provide 24/7 customer support.
- The system has a user-friendly interface for beginners.
- It calculates entry points based on multiple real-time sources.
- Customer packages offer lifetime access and free updates.
The service will work if you follow the steps below:
- Buy a package from the developer based on your needs
- Download the installable EA file(s) that appears in your browser in a preferred location on your PC
- Copy the files and paste them into the “Experts” sub-folder in your MT4 Platform document
- Run your MT4 platform
- Drag the relevant EAs from Expert Advisors drop-down onto the live charts section and start trading
Trading strategies and currency pairs
Kapola Trader EA website states that their robot uses a Bollinger Bands Profit strategy that is compliant with all traders regardless of their level of expertise. This is used for market entry. It uses CCI and moving average to exit from trades. Beyond this, there is no information on how the system works.
However, sparing a glance at Myfxbook records from the website indicates that the robot uses grid and martingale strategy, which is somewhat risky. Kapola Trader EA trades on EURUSD, GBPUSD, AUDUSD, USDJPY, and NZDUSD currency pairs. We see that the positions indicate no SL (stop loss) which could be used to exit the market when it runs in the negative direction. Also, their executions have an average trade length of 14 hours and 40 minutes, referring to a day trading approach.
Backtesting records are not available for Kapola Trader EA, which runs counter to best practises in the industry. This reflects poorly on the depth of analysis performed on this system. This is because the user will never know what sort of past trading activity the developers were involved in. It puts the transparency of the system in question.
Kapola Trader EA trading statistics
Credible records from Myfxbook show performance ranging from January 25, 2022, to the present. The system generated an absolute gain of 79.66 % with a drawdown value of 7.82%. However, it doesn’t make a firm conviction considering the longevity of data is not that much, which requires a higher run time to make a solid statement about analysis of loss evasion. The winning rate hit 73 % out of a total of 702 trades, with a profit factor valued at 3.46. The system made the best trade at $230 and the worst trade at -$46.24. Deposits stand at $4000 whereas the withdrawals amount $4.34.
Pricing and refund
The services are sold in a three-tier system classified as Bronze ($99), Silver ($149), & Gold ($249), where the difference arises mainly from Real MT4 licences. The sellers accept payment only from Paypal-based accounts, which restricts many customers from markets where PayPal currently doesn’t operate. The vendors also offer a 100% money-back guarantee within a 30-day window post-purchase.
What else you should know about Kapola Trader EA
It’s rather peculiar because the company lacks any review on TrustPilot and Forex Peace Army, which can provide a democratic and unbiased POV based on other customers’ thoughts about the algorithm. So, we cannot refer to any third-party reviews.