EA Thomas Review

EA Thomas, a Forex advisor is available on the MQL5 site. The EA can be used with Metatrader 4 or 5 trading platforms. On February 15, 2022 the MT4 and MT5 versions of this EA were launched. The MT5 version launched on May 5, 2022.

The official website of this EA is not available. The MQL5 product webpage explains briefly how the system works. You can find the link to setup detailed instructions, EA settings and live monitoring. You can also see some backtesting data and the trading conditions.

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Trading strategy explanation

The robot uses a unique trading strategy that incorporates five advisors simultaneously. The robot simultaneously analyses 5 entry points at different times, depending on risk level. The EA then chooses which one to place trades on the market. The EA settings allow you to modify both the trading strategy that is used to find entry points and the timeframe.

EA Thomas can trade in two modes: Aggressive or Conservative. You can set the conservative mode to A1, and the aggressive mode to A2 or 3. You can place orders within the H1 timeframe with A1 by placing a $500 minimum deposit. A2 needs a $1000 minimum deposit, and M5 is required. For A3, which is the most extreme setting, it’s recommended that you use the $3000 minimum deposit and M5 timeframe.

Trade pairs can be made in A1 and 2: EUR/USD, XAU/USD, GBP/USD. Trade in A3 allows you to trade additional symbols, such as GBP/CAD or GBP/JPY. USD/CAD can also be used. NZD/USD and AUD/USD are available. Slippage shouldn’t exceed 5 points. The unique average system of this EA includes the trend, volume, trend change and trend reversal. It also incorporates consolidation zones. To get the most optimal trading conditions, the developer suggests trading with a demo account or cent account during the first two weeks. The developer also recommends installing a VPS.

Backtest data analysis

The backtest took place from 2019 through 2022 with an every tick model. With a $100 initial deposit, the EA executed 89682 trades for XAU/USD in total. It was able generate $16565611 after a 96.44% win rate. During the testing period, there were 226 consecutive maximum wins and 3 consecutive maximum losses.

Live trading data analysis

The EA is not available on FXBlue and Myfxbook websites. A live monitoring account was created by the vendor on MQL5 on May 6, 2022. The account is only active for a few days so it’s difficult to provide an accurate analysis of its performance.

The account’s win rate is 85% after 80 trades. While the account’s win rate is not as good as in the backtest it still ranks high. The maximum drawdown at 9% shows that the EA doesn’t follow a risky strategy. This account’s current profit factor is 3.15. Total profit, however, stands at $79.37.

EAs average 80 trades per week and each one lasts 46 minutes. On average, the profit and loss of trades are approximately $1.71 and $-$3.08.

Pricing

The market average price for this EA, $149 is a great deal. You can download a demo copy of the robot from the vendor for free to test. The vendor does not offer a guarantee of money back.

Review by users

Trusted third-party sites have not yet posted any reviews about this EA. It is likely that it is not being used by many users. MQL5 reviews cannot be assumed to be authentic.

Review summary

EA Thomas doesn’t have any proven track record that consistently generates live profits. The developer doesn’t have much of a reputation and there are no reviews on third-party websites telling us about the user experience. In the absence of refund policies, it’s a one-way investment.