It is not clear why, but Darwin Swing MT5 is now on the first line of the MQL5 market. Some think that he got there due to his effectiveness and are thinking about buying. However, don’t rush to do it. Read our EA Darwin Swing review and only then make your decision.
A little about Darwin Swing MT5 EA
So, let’s talk about the bad right away – this Expert Advisor uses a grid and a martingale. These are the two most dangerous algorithms in the field of financial trading. So we are dealing with a very dangerous trading robot.
What is the strategy of this EA? According to the descriptions of the author, EA Darwin Swing MT4/MT5 determines the direction of the trend, waits for the quotes to make a deep rollback and makes a deal in the direction of the trend continuation. It’s a classic strategy, but with some math tricks applied to it. If the quotes go in the wrong direction against an open trading position, instead of making a stop loss, EA Darwin Swing makes an additional trade (averaging) with an increased trading lot size. If the price has not turned in the right direction, the adviser makes another trading position and so on until the market turns in the direction of making a profit. What blows if the price continues to move against open trades? The trader will lose all his capital. It’s simple and sad…
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Real trading results MT4/MT5 Darwin Swing EA
As for real trading results, we can see several trading signals on the developer’s page (on the MQL5 website), which confirm the strategy we have described. If you pay attention, the EA Darwin Swing profitability chart is shaped like a saw. This form is typical for experts who use martingale and averaging:
As for trading assets, this EA trades on such currency pairs as: CHFJPY, AUDJPY, EURUSD, NZDCAD, USDJPY, NZDCHF, GBPUSD, URNZD, EURAUD, EURGBP, GBPJPY, USDCHF, USDCAD, CADJPY, AUDNZD, AUDUSD, EURJPY, GBPAUD, NZDJPY, EURCAD, CADCHF, GBPCAD, GBPNZD, AUDCAD, GBPCHF, EURCHF. Of course, the trading portfolio is huge and we can say that the adviser has excellent diversification. However, the adviser rarely trades on each currency pair. Within 2 years, he made about 20-40 trades on each asset.
The trading drawdown is within the normal range of about 20%. But this only means that the adviser does not trade on all the indicated pairs at the same time and makes deals only at the moments of extreme price rollbacks.
EA Darwin Swing MT5 Independent Testing
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Profitability in the strategy tester
As for the tester, the EA Darwin Swing MT5 shows very little results. On one currency pair you can earn about 5-10% within 2 years. However, thanks to a large trading portfolio, the Darwin Swing MT4/MT5 Expert Advisor gives about 50-100% per year.
That is why the author of this forex software showed the test results of not one currency pair, but a cross section of all, combined all the testing charts into a single whole using a special program. As a result, he got this result:
Our opinion on EA Darwin Swing MT5
So, at first glance, we are dealing with a harmless Expert Advisor that brings a small profit with a small trading drawdown. However, it is not. Inside EA Darwin Swing МТ4/MT5 there is a very dangerous trading algorithm, namely:
This Expert Advisor uses averaging, martingale and does not use stop loss. This means that if the quotes of a trading asset move against open positions for a long time, the trader will definitely lose his capital. We do not recommend buying this Expert Advisor, because sooner or later its use will inevitably lead to the loss of your capital. EA Darwin Swing MT5 is a dangerous trading robot that you don’t need!
