Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
ReviewsTrading Robots

Medusa X Review

Medusa X

Medusa X is a Forex EA that works on the MT4 platform and requires a good ECN broker with low commission and spread. This system has been backtested with Tick Data Suite utilizing real 99% tick data. To get more information about this product, we will analyze the system and see if it can generate profits in the long run.

Oon Kar Lee is the vendor behind Medusa X. From his profile, it can be seen that he is based in Singapore. The dev has multiple products available in the market like Corsa, Goldtron, Quantica, and Immortal X. The author claims to have 15+ years of experience in trading. Still, he doesn’t show any credentials to prove that. The seller specializes in Mean Reversion Grids, Trend Following, Breakout, Currency Arbitrage, Hedging, Night Scalpers.

The developers state that the algorithm trades best on the GBPUSD and USDCHF currency pairs, and it is recommended to deposit 1000 USD initially. Live results on the MQL5 website show that the system has been making trades since 2020.12.07.

What is behind the Medusa X robot?

The robot works on the MT4 platform. According to the seller, we have to follow these steps to start trading:

  1. Purchase the robot from the website
  2. Start MT4 software on your PC
  3. Drag the EA files onto the charts section
  4. Enable auto-trading

Key features

The robot has the following key features:

  • It is 100% automated.
  • The system is easy to set up and use.
  • Comes with the trend, EMA, RSI, and volatility filters.
  • The exit points i.e. take profit and stop loss are customizable

Trading strategy

The developer states that the robot trades on EURUSD and GBPUSD. It uses a single entry in the market where most positions have a take profit of 5 pips. Traders can use the EA with a minimum deposit of $1000 on the H1 charts.

From the live records on the MQL 5 marketplace it is clear that the robot uses averaging techniques as multiple trades close out at the same instance. There is no stop loss attached with trades and the average trade time is 1 day.

Trading history on MQL 5

Trading history on MQL 5

Backtesting records are provided for the EA on the MQL5 website. This report is for the USDCHF currency pair on the H1 timeframe that united 4 years of trading activity. For this time, the system has made a profit of 31,067 USD from an initial deposit of 10,000 USD.

Spread value is not specified precisely, which keeps us blind regarding risk-level. The robot shows a maximal drawdown of 44.08%, which is very high and points towards unstable working. The product made 1693 trades, out of which the largest profit trade was 911.31. From the records, it can be inferred that the algorithm has a profit factor of 2.02.

Backtests of the robot

Backtests of the robot


The robot is sold in three packages: Monthly package costs 80 USD/1 month. Three-months package costs 150 USD. Customers may also pay a one-time price of 399 USD to get the robot for lifetime usage.

A free demo version is available for testing out the product before purchase. Payments are accepted through Paypal, MasterCard, Visa, and UnionPay, etc. There is no information about a money-back guarantee.

Pricing of the robot

Pricing of the robot

Trading performance of Medusa X

Live trading results are provided on the MQL5 website where the robot trades in SGD currency. We have a performance from December 2020 till March 2022. From there, it can be seen that the system has a growth of 186.35%. The maximum drawdown value is 39.3%, which is not as impressive and high as per industry benchmarks.

The robot had a maximum deposit load of 5.9%. Total trades up until this point amount up to 1502. Out of these, 92.4% were profitable. The bot has a profit factor of 2.19 and the profit value stands at 941.89, whereas the initial deposits are shown as 500.

Live trading records on MQL5 website

Live trading records on MQL5 website

Customer support

Customer support is only available through the MQL5 chat option, the seller’s Telegram chat. No other contact option has been specified, like an official email.

People feedback

Almost all the reviews present on MQL5 about this bot were positive despite the very high drawdown mentioned in the results and records section above. This makes these comments subject to manipulation and hence untrustworthy. Unfortunately, no feedback could be found on third-party sites like TrustPilot or Forex Peace Army.

Medusa X Summary: Worth it or not?


Medusa X does not provide us with the relevant contact information about the seller, which raises some concerns about the legality of this product. Also, the high drawdown points towards high risk. Moreover, strategy is not clearly explained by the seller as well.

  • It provides live results.
  • No money-back guarantee.
  • Very high drawdown.
  • Vendor transparency is very low.

Easy Forex Pips Review

Previous article

Top 5 Natural Gas ETFs You Should Know & Buy in 2022

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Reviews