Nobody wants to lose their deposit, but they still buy dangerous grids and Forex martingale bots. Paradox! Darwin Evolution MT5 is a direct confirmation of this statement. It is very dangerous, but it is in the first line of the MQL5 forum rating (which means that it is actively bought). We will do a Darwin Evolution expert advisor review to save you from a bad buy.
Test results Darwin Evolution MT5
As for the test results, as usual in the strategy tester of the Metatrader platform, the adviser does everything as efficiently as possible. Brilliant profitability, minimal drawdown… we’ve seen it all many times. In the tester, Darwin EA Evolution shows good results, which are a bit similar to the results of real trading (we will talk about real results a little later).
The best Forex bots in our store:
So, the adviser brings a small percentage of profit. About 50%-80% per year. However, in the strategy tester, he works with a maximum DD of about 3%, and on a real account, EA Darwin’s trading drawdown is about 50%. This discrepancy suggests that in reality it is much more difficult to achieve the same results as in the tester.
Real Trading Results MT5 EA Darwin Evolution
As for the real results, we see several monitorings at once that have been conducted for more than 1 year (this is good), they have a small percentage of profitability (this is bad) and a large DD (this is also bad). Ok, let’s take a closer look at the EA Darwin Evolution MT5 monitors:
- Trades on 26 currency pairs (the most active are EURJPY, NZDUSD, CHFJPY, AUDJPY, NZDCHF)
- Trading hours – around the clock
- Trading activity is very low (on average 2 trades per week)
- The average time to hold a deal in the market is about 2 days
- Profit factor: 2.5
- Maximum drawdown around 30-60%
- Used Stop Loss and Trailing Stop
- Martingale is not used
Subscribe
and get a lot of interesting things!
Live trading analysis (based on MT5 EA Darwin Evolution MQL5 monitoring) shows that this Forex bot works slowly, like a snail carrying a heavy cobblestone on its back. Profitability of about 50% per year with a maximum drawdown of 50% is a very, very bad story. This is not a grid or a martingale. This is position trading. Each trade has a Stop Loss, but the levels of this SL are very far away. That is why, if the market goes in the wrong direction, the adviser gets a big trade drawdown.
Darwin Evolution MT4 Trading Strategy
So, the Darwin Evolution EA trading strategy is trading on price reversals in the direction of the trend and against the trend. The EA waits for the quotes to deviate from their average value by the maximum distance and makes a deal in the direction of the return of the local trend to its average value. Several technical indicators are used to analyze the market. At the same time, to insure against a market collapse, the adviser uses a Stop Loss for each trade. A trailing stop is used to maximize profits.
However, we see that Stop Loss orders are located very far from the market entry levels. At the same time, the maximum drawdown on some monitoring reached more than 50%. This confirms our statement that the Stop Loss is VERY FAR. WHAT WILL HAPPEN IF THE MOVEMENT IN THE WRONG DIRECTION CONTINUES AND THE ORDERS ONE AFTER THE OTHER REACH THE STOP LOSS? YOU WILL LOSE MORE THAN 50% OF YOUR CAPITAL. SO IT CAN BE DEFINITELY SAYED THAT Darwin Evolution MT5 is a very dangerous trading bot. Note that even grid Expert Advisors give much more profit with similar risks. In this comparison, it doesn’t matter that Darwin Evolution EA MT5 uses Stop Loss and does not use the grid. It is able to kill your trading account without dangerous mathematical algorithms.
Opinion on Darwin EA Evolution
If you just want to dilute your trading portfolio with the help of a new expert advisor (allocate about 10% of your capital to it), then Darwin Evolution MT5 may come in handy for you. However, judge for yourself – its profitability is very low, and the trade drawdown is very high. Also, note that the cost of this Expert Advisor is very high ($999 at the time of writing this review).
This EA has positive qualities – multi-currency, use of Stop Loss, use of trailing stop and work without a grid and martingale. However, the fact that Darwin Evolution EA is operating with a very high trading drawdown means that your capital will be in great danger. As long as the market is stable, you will receive a small profit. As soon as sharp trend movements begin, you can lose all your money. We think that you will not like this scenario very much!