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Forex Enigma Review

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Forex Enigma

Forex Enigma is an expert advisor that works with real money on a real account. The presentation looks simple. The developers should have provided us with more information about how the system functions. There’s no core claim about the advisor written.

The advisor works with a risky strategy – a Grid of several orders. This requires much margin to keep our orders on the market. So, if the market goes the wrong direction it can end quickly with tracing Stop Out levels.

What is behind Forex Enigma?

The developers explained almost nothing about what we have to expect from the system if we’d like to set it on a real account. It’s not welcome.

  • It works with charts completely automatically for us. No extra deeds are needed.
  • We can customize hours we’d like to trade or not to trade.
  • It’s able to work without emotional fixations like people do.
  • There are no broker restrictions.
  • The system has “market leader innovations” implemented. We have no idea if this is true.
  • We can expect to get stable profits.

Key features

  • The advisor works automatically.
  • We can use it on MT4.
  • We can trade the following pairs EURCHF, USDCAD, AUDCAD, AUDUSD, EURUSD, GBPUSD, and EURGBP.
  • The balance requirements are $1000.
  • The leverage can be 1:100.
  • H1 is the main time frame

Trading strategy

  • It traded, using Scalping, Trend, and Grid of orders strategies.
  • A money-management feature calculates lots and TP with SL levels for us.
  • It opens and closes deals for us.
Forex Enigma backtest report

Forex Enigma backtest report

The system was tested on EURCHF on the H1 time frame based on 2020-2021 tick data. The data was received from IC Markets. The modeling quality was 99.90% with variable spreads. An initial deposit of $1000 has become $313.95 of the final profit. The profit factor was 2.42. The maximum drawdown was 16.90%.

Pricing

Forex Enigma pricing details

Forex Enigma pricing details

Forex Enigma packages

Forex Enigma packages

We have three packages introduced: Basic, Standard, and Professional that vary by account numbers. The basic pack is available for $149 for one real account license. We can buy a standard pack for $199 for two real account licenses. The ultimate pack costs $249 for three licenses. We can rely on the next features: an unlimited number of demo accounts, automated trading, updates, upgrades, and a 30-day refund.

Trading performance of Forex Enigma

Forex Enigma trading results

Forex Enigma trading results

This Forex trading system opens orders on the real account. The balance is $1301.34 when the floating loss is dangerous – $714.55. The closed profit is $301.34. The margin level is 535.5%.

Forex Enigma statistics

Forex Enigma statistics

The total return is 30.1%. It has a monthly profit level at 4.7%. The system works with 73.8% accuracy. It has been trading for 168 days. We saw this number many times. The advisor decided no to trade more before it overcomes drawdowns.

Forex Enigma risks

Forex Enigma risks

The risk to reward ratio is 4.43. An average win is $5.94 when an average loss is -$9.52.

Forex Enigma directions

Forex Enigma directions

The Buy direction with 91 orders is traded more frequently than the Sell direction with 69 orders.

Forex Enigma magic number

Forex Enigma magic number

There’s a single magic number behind the system.

Forex Enigma weekly activities

Forex Enigma weekly activities

Thursday is the most traded day (41 deals closed). It made the most of the profits as well – $106.51.

Forex Enigma daily activities

Forex Enigma daily activities

The preferable time to trade is the European trading session.

Forex Enigma monthly activities

Forex Enigma monthly activities

There were only ten deals traded in October 2021.

Forex Enigma closed orders

Forex Enigma closed orders

The advisor works with huge Grids of ten orders. It’s insanely risky to use this system on a real account.

Customer support

We have no intel about how good their support is and what we should rely on.

People feedback

Forex Enigma’s page on FPA

Forex Enigma’s page on FPA

There’s  a page of the advisor on Forex Peace Army created. It has only a zeroed account connected and no testimonials written.

Forex Enigma Summary: Worth it or not?

4

Forex Enigma is a trading advisor that works with insanely deep drawdowns on a low-deposited real account. We don’t know the reason for this but, it’s insane to work with a Grid of 10 orders on a $1000 account. It looks like the devs don’t have proper experience in trading.

  • Backtest reports shared
  • Verified trading results provided
  • A money-back guarantee supported
  • No team revealed
  • No risk or money management advice given
  • The advisor works with huge drawdowns
  • No testimonials published

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