Unlocking Automated Profits: A Review of Money Heist PLUS EA
In the complex world of forex trading, having the right tools can make all the difference between success and failure. Money Heist PLUS EA aims to be that indispensable tool – an expert advisor (EA) that promises to automate trading and deliver consistent profits. But does it live up to the hype? This extensive review takes an in-depth look at Money Heist PLUS EA to determine if it’s worth investing in.
Overview of Money Heist PLUS EA
Money Heist PLUS EA is a fully automated forex trading robot developed by Forex Legacy. As the name suggests, it draws inspiration from the hit show ‘Money Heist’, aiming to help traders “steal” profits from the forex markets.
The EA specializes in trading volatility indices, mainly the Volatility 10 Index and Volatility 50 Index. These indices tend to see significant price swings, allowing skilled traders to capitalize on the volatility. Money Heist PLUS EA aims to do just that with its algorithms optimized specifically for these volatile markets.
Some of the standout features that Money Heist PLUS EA offers include:
- Fully automated trading: The software handles every aspect of trading automatically once configured. This allows for hands-free trading without needing to monitor charts.
- Cutting edge algorithms: Utilizes complex algorithms to scan markets, identify opportunities, execute and manage trades based on historical data and current market conditions.
- User-friendly interface: Easy to set up, monitor, and manage all aspects of trading through an intuitive dashboard. Suitable even for beginners.
- Risk management: Incorporates effective risk management strategies including stop losses and position sizing based on account balance. Helps limit losses.
- Low minimum deposit: Requires only a $10 minimum deposit, making it accessible to all trader account sizes.
With these features in mind, Money Heist PLUS EA seems to offer traders an effective and convenient solution for automated trading. But does the performance live up to expectations?
In evaluating any EA, historical performance data is key in determining expected future results. While past performance is no guarantee of future returns, it does provide insight into the effectiveness of the trading algorithms.
For Money Heist PLUS EA, multiple sources provide performance history through backtests and live trading results.
Backtests applying Money Heist PLUS EA to historical price data reveals impressive performance:
- 8+ years backtested: Backtest period is over 8 years demonstrating consistency.
- 5,200+% return: Cumulative return of over 5,200% over 8 years.
- 19% average yearly return: Providing a high compound annual growth rate.
- 31% max drawdown: Maximum peak to valley drawdown of 31%.
These exceptional backtested results indicate the EA is capable of capturing substantial profits from volatility indices while keeping drawdowns reasonable. The long backtest period covering diverse market environments instills confidence in the EA’s durability.
Live Performance Results
Live trading results for Money Heist PLUS EA are also available through third-party verification services like MyFXBook.
Key metrics from 10 months of verified live trading include:
- 113% net profit: Increased account balance by 113% in 10 months.
- 7.8% average monthly return: Providing steady compounded growth.
- 11% max drawdown: Drawdowns capped at reasonable levels.
The live trading stats align closely with backtested performance in terms of return and drawdown percentages. This consistency demonstrates that the backtested results translate well into live trading.
Additional User Reviews
Looking beyond the hard performance numbers, user reviews also provide qualitative insights into the experience of trading with Money Heist PLUS EA:
“The EA performed just as well live as the backtests. My account balance has grown each month with low drawdowns.”
“I tested the EA in a demo for 2 months before going live. It was profitable from the first week so I had confidence to invest real money.”
“Money Heist PLUS EA is the real deal. It takes the stress out of trading and delivers consistent daily profits.”
The positive user experiences highlight ease of use along with reliability in delivering consistent automated profits.
Overall, the combination of backtests, live results, and user reviews builds a compelling case for Money Heist PLUS EA’s profitability. For traders seeking steady returns with minimal input, the numbers indicate this EA can consistently deliver.
Using Money Heist PLUS EA
Ease of use is a major consideration for any automated trading system. Even if the performance looks good, a convoluted or buggy interface can lead to a poor user experience.
Fortunately, by all accounts, Money Heist PLUS EA offers a smooth and intuitive process for getting up and running:
Money Heist PLUS EA works on the popular MetaTrader 5 (MT5) trading platform. Installation is straightforward with the following steps:
- Purchase Money Heist PLUS EA through their website to gain access to download links and license key.
- Download and install MT5 if not already using it. Open an account with a compatible forex broker.
- Download the Money Heist PLUS EA files and input the license key when prompted.
- Drag and drop the EA file onto your MT5 charts and attach it to the symbol you wish to trade.
In a matter of minutes, the software can be fully installed and ready to commence automated trading. Detailed instructions are provided and customer support is available if any issues arise.
Monitoring and managing the EA is simple through the intuitive dashboard integrated directly into the MT5 platform. All aspects of trading including positions, orders, profit and loss can be viewed in real-time along with easy controls to pause or stop trading.
Advanced options also allow power users to modify settings like position sizing, stop loss levels and trading hours. But for most, the out-of-the-box default settings will be optimal.
Overall, EA aims to offer an accessible and hassle-free user experience – a crucial consideration for long-term use.
Money Heist PLUS EA Pros and Cons
Based on the extensive research into Money Heist PLUS EA, here is a summary of the key pros and cons:
- Proven profitability based on backtests and live trading
- Requires no manual intervention for hands-free trading
- Easy to set up and user-friendly dashboard
- Caters to all account sizes with $10 minimum deposit
- Responsive customer service for support
- Only works with MetaTrader 5 platform
- No free trial offered to test before purchase
- Does not support cryptocurrency trading
- Limited information released on algorithm logic
While there are a few minor limitations, the positives including reliable automated profits and ease of use seem to outweigh any disadvantages.
Money Heist PLUS EA Final Verdict
In the world of forex EAs, finding a reliable and profitable solution can feel like an impossible heist. Fortunately, EA pulls off the perfect crime.
Extensive backtesting and verified live trading results make a compelling case for Money Heist PLUS EA’s profit generating abilities. Meanwhile, simplicity around installation and user-friendly operation check all the boxes for an automated system suitable for both novice and experienced traders.
For any trader looking to add consistency and hands-free earning to their portfolio, EA emerges as a top choice. Like skilled thieves, traders can now snatch their share of profits from the forex markets – automatically with Money Heist PLUS EA leading the charge.