EA review · Updated
Forex Enigma EA Review
- Strategy
- Trend-Following
- Live return / max. DD
- no public live account
- Price
- $149
trend-following on EURCHF.
How we checked
- Reviewed by
- Pitt Petruschkeruns AlgoVerdict · MethodologyLive data from ATS accounts (Myfxbook)
- Last checked
- facts, score and evidence as of this date
- Evidence (3)
- Account 662773 · Instant Funding · MyFX Markets PTY Ltd. · 21 days
- Account 2100160337 · Live · Black Bull Group Limited · 6 days
- Product page (AlgoTradingSpace) · links the live/funded accounts (Myfxbook-fed)
- Changes
No changes documented yet.
AlgoVerdict score
Weighted from 6 criteria — weighting in percent.
- Live track record25%
- 3.6
- Strategy risk20%
- 3.6
- Transparency20%
- 4.2
- Value for money15%
- 3.6
- Usability10%
- 3.8
- Broker independence10%
- 3.5
- Strategy
- trend-following
- Market
- EURCHF
- Platform
- MT4
- Price
- $149
- Source
- AlgoTradingSpace
- Verified live track
- null · max floating loss null · 21 days · 2 accounts (ATS)
- Verified 2-account live/funded track at ATS (null, max floating loss null)
- Run across several brokers (Black Bull Group Limited, MyFX Markets PTY Ltd)
- Calibrated setfile, onboarding & support via ATS
- Automated EA — no substitute for your own risk management
- Past results are no guarantee of future returns
What Forex Enigma EA is
Forex Enigma EA is a trend-following EA on EURCHF (MT4), sold via AlgoTradingSpace. We classify it independently — by strategy risk, verified live track, transparency and value, not by vendor promises.
Live results & track record
AlgoTradingSpace documents 2 public accounts for this EA, the longest over 21 days — details in the accounts table below. Its most telling account shows null at a maximum floating loss of null (Black Bull Group Limited). That is real money, not a polished backtest.
Strategy & risk
The trend-following approach sets the risk profile. The approach uses defined entries/exits; what matters is whether the live track confirms the backtest picture. What AlgoTradingSpace adds is calibration with a fixed risk cap instead of the aggressive vendor default — exactly the ceiling any EA needs.
Cost & usability
Price sits at $149. Via AlgoTradingSpace you get a setfile, onboarding and support — the EA doesn't have to run blind on the vendor default. The published accounts run across several brokers (Black Bull Group Limited, MyFX Markets PTY Ltd), which argues against broker dependence.
Who it is (not) for
Suitable for traders who accept a documented live track and run the EA calibrated via ATS (with a risk cap) and budget it as *one* building block. Not suitable for small accounts without a buffer or for anyone who mistakes a smooth backtest curve for a guarantee.
Verdict
Forex Enigma EA lands at 3.7/5 — with reservations. The verified ATS live track is the strongest argument.
How the strategy trades
A schematic simulation of the strategy type we assign Forex Enigma EA to — not a replica of this EA and not real price data.
How it works
- Two moving averages show the direction: EMA 9 (fast) and EMA 21 (slow).
- While the fast one is above the slow one the EA is long; when it crosses below, it exits.
- Small false signals cost little – the one big trend brings the profit. If it never comes, the small losses pile up.
What we check
What we check on real trend EAs: how long sideways phases last, how deep the run of small losses in between gets – and whether the account can sit through it.
Demonstration values: a simulated EURUSD path with 0.10 lots and $10,000 starting capital, deliberately favourable – every basket and every trend works out here. Not a real trading strategy, not a backtest and not investment advice.
Verified live / funded accounts
Real accounts AlgoTradingSpace publicly links for this EA (Myfxbook-fed). Max floating loss is the most honest risk figure — how deep open positions ran into the red at their worst.
| Account | Gain | Avg mo. | PF | Max floating loss | Age | Trades | Broker |
|---|---|---|---|---|---|---|---|
| Live | — | — | — | — | 6d | — | Black Bull Group Limited |
| Funded (Instant) | — | — | — | — | 21d | — | MyFX Markets PTY Ltd. |
Frequently asked questions
- Which markets does Forex Enigma EA trade?
EURCHF. A single instrument means no internal diversification. A regime change in EURCHF hits the whole account, which is why an EA like this belongs in a portfolio of several building blocks.
- Which platform does Forex Enigma EA run on?
MT4. MT4 only — if your broker is MT5-exclusive you cannot run this EA. Continuous operation needs a VPS, because a sleeping machine leaves open positions unattended: VPS providers compared.
- What does Forex Enigma EA cost?
$149 (as of our last check). We take prices from the vendor, ATS or MQL5 product page, not from marketing copy — that often quotes different figures than the buy button.
- Is Forex Enigma EA any good?
Our grade: 3.7 out of 5, traffic light yellow — with reservations. It comes from six criteria, weighted most heavily towards the verified live track record and strategy risk. We rate from real accounts, not vendor backtests, and no EA vendor pays for ratings — the weighting is public in our methodology.
- Is there a verified live track for Forex Enigma EA?
Yes. Published live accounts exist, the longest running 21 days. The figures in this review come from those accounts, not from vendor backtests.