Kapola Trader EA is based on Bollinger Bands, CCI, and other indicators. It claims to be 100% automated and executes profitable strategies on currencies like EURUSD, GBPUSD, AUDUSD, USDJPY, and NZDUSD. The bot comes with 24/7 customer support and places trades on the M15 timeframe.
Unfortunately, there is no information about the company or developers, certificates, location, or other websites. This makes the vendor’s transparency unclear and raises concern over the credibility of EA. Read the detailed analyses to know more about this algorithm and get an idea of the purchase decision.
As mentioned before, the developer of Kapola Trader EA claims high performance and promises a 30-day money-back guarantee. Investors only have to set it up on their platform and enjoy profits. These statements attracted our attention to reviewing this algorithm.
What is behind the Kapola Trader EA?
The robot runs on the MT4 platform. According to the developers, we have to perform the following steps to run the bot:
- Buy the algorithm from the website
- Open your account on the MT4 platform
- Put the EA in the experts’ folder and refresh it
- Drag the bot to the charts to start the trading
The algorithm will scan the markets based on the coded information and place trades accordingly.
The robot has the following key features:
- The algorithm trades on multiple currencies.
- A 30-day money-back guarantee is included.
- It trades on EURUSD, GBPUSD, AUDUSD, USDJPY, and NZDUSD on the 15m timeframe.
- The robot comes with 24/7 customer service.
The robot trades using the Bollinger Bands strategy and implements moving averages and CCI to exit from a position. After the execution moves into profit, it will trail the stop loss. From the live records on Myfxbook, we observe that it uses a take profit of 10 pips and has an average trade duration of 18 hours and 57 minutes.
Unfortunately, there are no backtesting records that we could use to see if the algorithm had satisfactory performance in the past.
The expert advisor comes with three pricing packages: Bronze, Silver, and Gold. With a starting price of $99 for its bronze package, including 1 real and 1 demo license, lifelong access, 24/7 customer support, and free updates. The Silver Package is available at $149 and consists of 2 real and 2 demo licenses. The Gold package costs $249 and comes with 4 demo and 4 real portfolio keys.
MasterCard and Visa process the transactions, and a third-party 2Checkout payment system verifies the payments.
Trading performance of Kapola Trader EA
Live trading records and stats were gathered from the official website of Myfxbook. The algorithm started working from January 25, 2021, till the present day. The system participated in 1396 trades in total, from which 1024 were a winner, and 372 were lost. The bot exhibits an average monthly gain of 95.85%, with a high drawdown of 58.57%. The winning rate was 71%, with a profit factor of 2.49. The best trade was $577.50, while the worst was -$105. The data demonstrate that the average win is 15.30 pips, while the average loss is -31.54.
The developer claims that 24/7 customer support is available with the purchase.
The company has a single review present on Forex Peace Army where the trader states that the company does not respond to the emails.