The Comeback Kid robot is able to work with full automation, and traders can also use manual intervention to stop trading. The algorithm employs a grid system to maintain a steady upward curve but doing so puts it at risk when the market is trending. Let us see if we can use the EA to our advantage.
The robot has the following features:
- It can trade with full automation or manually intervention.
- It has a built-in trade recovery system.
- It can trade on any pair and asset.
- Traders can turn off the grid option in the settings.
- It trades the built-in two indicators.
How It works
The robot will work if you follow the steps below:
- Download the ex4 file from the developer.
- Place it in the experts’ folder.
- Enable auto trading tab and attach the algorithm to charts.
Trading strategies and currency pairs
The developer states that the EA employs an averaging system with full or semi-automation. It trades the built-in two indicators on full automation. The system trades on a trend when it incurs a pullback. Traders can scan the charts and place their positions, after which the expert advisor will handle them on their own. Through the trading history on Myfxbook, we can see that there is also martingale strategy involved in addition to the grid, which the developer fails to disclose.
The developer provides screenshots of backtesting records for multiple currency pairs. For USDJPY the relative equity drawdown was around 24.31%. The winning rate was 69.60%, with a profit factor of about 1.87. The test was done on the 30 minutes chart with a starting balance of $3000. The robot tanked an average profit of $2167 during this period. There were 1434 trades in total, with 2868 deals. The best trade was $161.34, while the worst one was -$46.85.
The Comeback Kid EA trading statistics
Verified trading records are available on Myfxbook, which shows records from Jan 16, 2021, till the current day. The robot provided an average monthly gain of 4.63%, with a drawdown of 9.19%. The risk to reward ratio between the monthly gain and drawdown is poor here. For every dollar a trader has to make, they have to place a bet of 2 bucks on the line. During the duration, there were 450 trades. It had a winning rate of 64% with a profit factor of 1.65. The best trade was $1441, while the worst was -$2768.
The frequent separation between the balance and equity curves shows the implementation of grid and martingale. The developer has made $30674 in deposits and $4000 in withdrawals. The average trade length was 17 hours and 41 minutes which points to a day trading methodology.
Pricing and refund
The EA is available for an asking price of $49, which is quite high for a system that uses an inferior strategy such as a grid. The developer is not clear about how many accounts the license is available for.
What else should you know about The Comeback Kid EA?
There are no customer reviews present at Forex Peace Army and Trustpilot. We are unable to know the viewpoint of other traders on the algorithm.
The developer is also not transparent on their trading experience and location. Traders can only contact them through email and in a form on the website.