EA Thomas Review

EA Thomas is an expert advisor that requires a minimum deposit of $500. The robot works best on the H1 timeframe and can be used with aggressive and conservative modes. The author offers detailed settings and a set file with the EA. This review will give you a detailed account of the service to help you with decision-making.

Is EA Thomas profitable?

EA Thomas has a live trading result portfolio available as screenshots. The vendor claims that this EA does not employ grid, averaging, martingale, and doubling techniques. Only a small amount of detail is available on the main webpage about the system’s features.

Vendor transparency

Vitali Vasilenka is the developer behind EA Thomas. The author has 25 products and 23 signals available in the market for sale. Their profile shows that they have an experience of 1 year and have held 1 job in the past. However, they don’t offer any credentials or portfolio links to verify this. Customers can reach through a telephone number provided or through the live chat option on the MQL5 website. 

Strategy

The system can work with 5 robots simultaneously. This allows in to analyze 5 different entry points on 5 timeframes. Then the algorithm chooses the least risky one. This product can be used in two modes: conservative trading mode and aggressive trading mode. The seller recommends using a VPS and states XAUUSD as the trading currency pair. Unfortunately, there is no detailed statement with the live records for us to analyze the methodology personally.

How to start trading with EA Thomas

To start trading, users have to follow the following steps:

1. Purchase the system from the MQL5 website
2. Download the EA files onto the desktop
3. Launch MT4 or MT5 platform
4. Drag the robot files onto the charts section and enable auto-trading

Price

This robot is sold for an asking price of 149 USD. Users may opt to try out a free demo before making a solid purchase. Payments are accepted through PayPal, Visa, MasterCard, Union Pay, and Web Money. This version of the bot only works on Windows, which means there might be compatibility issues across Mac, Linux, etc. The seller provides no information about the availability of a money-back guarantee or 24/7 customer care. 

EA Thomas backtests

Backtesting results are presented as screenshots on the MQL5 website. These cover a period from 2019.01.01 until 2022.03.21. They correspond to the 5-minute timeframe. A 90% tick-model quality was used for these numbers. XAUUSD is the relevant currency for this data. 

These results indicate that an initial deposit of 100.00 was converted into a total net profit of 16565611.08. The profit factor stands at 1.41, with a relative drawdown valued at 17.83%. A spread value of 2 pipettes was used on the account. The bot made 89,682 trades, of which 96.44% were profitable. 

Trading results

Verified trading records are available on MQl 5marketplace that show performance from May 12, 2022, till the current date. The system made an average monthly gain of 27% during the period, with a drawdown of 38.7%. The stated drawdown is high when we compare it with the monthly output. 

The winning rate stood at 65.8%, with a profit factor of 1.69. The developer made $1000 in deposits and $0 in withdrawals. 

People feedback

Negative customer feedback can be found about the company on the MQL5 website. One dissatisfied customer hurls their anger at the vendor by stating that the EAs don’t work, the usage directions are a lie, and the customer service is non-responsive. This degrades the robot in terms of trustworthiness.