EA Sapphire Review Is EA Sapphire a legit forex robot

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EA Sapphire Review: Is EA Sapphire a legit forex robot?

Forex robots like EA Sapphire are there to help traders out. They are promised access to the best algorithm available. It is a product made by Fanur Galmov, a popular trader in Ukraine. Created in 2020, September, the product has undergone many reviews and updates. The last one came in April of 2020.

Rated highly on MQL5, EA Sapphire is a robot with a good reputation. However, these results can be manipulated, so, let’s not get hasty.

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How Does EA Sapphire Work?

It is stated that the robot uses a form of rebound or breakout of the key level strategy to determine entries. They are contained by a stop order for protection and break-even levels. The economic news and numerous filters are considered. The pairs worked on by this app is EURUSD, GBPUSD and it costs $199+ for 6 copies.

Although it claims not to use indicators and grids, it was found that it does. A view of the EA Sapphire parameters shows GridMultiLot, GridTake Profit, GridFirstOrdersStep, GridNextOrdersStep and GridMaxDD. Proving their claim to be erroneous. Grid trading is tricky and most products want to claim that they don’t use it.

Client Feedback

As many as 56 reviews of the EA Sapphire robot is made available and they are mostly positive. Ratings get up to 5/5. Only one or two negative results are seen. As for trading results, as have been mentioned earlier, it has one on MQL5 with one signals account.

However, many experienced traders have come to trust Myfxbook more and it is important for the vendors to have a result on it to be viewed positively.

EA Sapphire Support

There are responsive means to contact a customer care representative of the robot published on the website. Clients can therefore get answers to their questions before investing.

Conclusion

The high pricing and lack of myfxbook account are the first things that make one wary of using this app. EA Sapphire uses a grid trading strategy that have been mentioned to be dangerous above. But it has very good reviews online and there is a support forum for customers. The many parameters also give it many arms to operate with.

EA Sapphire

EA Sapphire is a fully automated expert adviser that uses a model of trading at key price levels. Each market’s entry point is analyzed by an advanced selection algorithm and, depending on the specified criteria, a strategy of rebound or breakout of the key level is used. All trading positions contain a protective stop order, and also include take profit and break-even levels. The expert contains a block of trailing stop order, a flexible filter of economic news, a block of protection from increasing the spread, separate time and day trade filters. Advisor allows you to work as a fixed lot or use automatic calculation based on the given risk for one transaction.

Advantages

  • Advanced algorithm for tracking positions.
  • Each item contains a protective stop order.
  • Work with fixed and autolots based on MM.
  • There is no need to disconnect the EA at the time of news release.
  • Does not use indicators, grid, martingale, arbitration.
  • Work with four and five-digit quotes.
  • Protection against spread increase.
  • Low trading drawdown.
  • Flexible configuration.

Recommendations

  • Min. deposit $100.
  • Recommended pairs: EURUSD, GBPUSD, USDJPY.
  • Timeframes: H1 or higher.
  • Use an ECN-broker with fast order execution.
  • For reliable and stable trading use VPS.

Parameters

  • DepoLoad – deposit usage, %;
  • FixedLot – fixed trading lot;
  • AutoLot – use automatic lot calculation;
  • RiskPerTrade – risk per one trade, %;
  • TradeBuy – use long positions;
  • TradeSell – use short positions;
  • TakeProfit – take profit level, pips;
  • StopLoss – stop loss level, pips
  • TrailSL – trailing stop level, pips;
  • TrailStep – trailing step level, pips;
  • BuyShift – offset of entry point of long position, pips;
  • SellShift – offset of entry point of short position, pips;
  • RepairSL – use the drawdown reduction unit;
  • BreakEven – use the break-even block;
  • BELevel – break-even level, pips;
  • BEPips – break-even size, pips;
  • RecoveryMode:
  • — Single Trade – recovery using a single opposite position;
  • — GridRecovery – advanced recovery system using a flexible order grid;
  • — Disabled – not used;
  • GridMultiLot – lot multiplier, used if RecoveryMode = GridRecovery;
  • GridTakeProfit – take profit of the order grid, used if RM = GR;
  • GridFirstOrderStep – distance of the first order, used if RM = GR;
  • GridNextOrdersStep – distance of the next orders, used if RM = GR;
  • GridMaxDD – maximum allowed DD %, used if RM = GR;
  • UseSpreadFilter – use high spread protection;
  • MaxSpread – maximum allowable spread, pips;
  • UseNewsFilter – use the news filter;
  • DetectLowNews – detect low importance news;
  • PauseBeforeLow – pause before the release of news with low importance, min;
  • PauseAfterLow – pause after the release of news with low importance, min;
  • DetectMiddleNews – detect medium importance news;
  • PauseBeforeMiddle – pause before the release of news with medium importance, min;
  • PauseAfterMiddle – pause after the release of news with medium importance, min;
  • DetectHighNews – detect high-priority news;
  • PauseBeforeHigh – pause before the release of news with high importance, min;
  • PauseAfterHigh – pause after the release of news with high importance, min;
  • DetectNFPNews – detect “Non Farm Payrolls” news;
  • PauseBeforeNFP – pause before the NFP release, min;
  • PauseAfterNFP – pause after the NFP release, min;
  • SymbolNews – track the news of the current symbol only;
  • ServerGMT – trading server GMT zone;
  • UseTimeFilter – use time filter;
  • HourStart – EA operation start time, hour;
  • MinuteStart – EA operation start time, min;
  • HourEnd – EA operation end time, hour;
  • MinuteEnd – EA operation end time, min;
  • Monday – enable / disable work on Monday;
  • Tuesday – enable / disable work on Tuesday;
  • Wednesday – enable / disable work on Wednesday;
  • Thursday – enable / disable work on Thursday;
  • Friday – enable / disable work on Friday;
  • Range – entry points search range, bars;
  • TradeComment – comments for the EA’s orders;
  • ShowInfoPanel – show information panel;
  • MagicNumber – unique identifier of the Ea’s orders.

To activate the news filter and download the economic news calendar go to terminal’s menu “Tools” >> “Options” >> “Expert Advisors”. Enable the “Allow WebRequest for listed URL” option and add “http://ec.forexprostools.com” to the list. Click the Ok.

Good job , thank you

So Far So good, Author is supportive,

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I would like to share my experience with you after one month using this EA, I would update my review if something would be changed.

First of all the strategy is old but gold! it is simple! EA finds the lower point and upper point of the price based on H1 from last day and waiting by pending orders in both points for breakout the last points. before I rent this EA I was manually doing this strategy based on my knowledge in Forex school . so the strategy is reliable and definately would be optimal if EA can do it at the same time on couple of pairs with news filter and spread filter which is almost impossible you can do it manually !

I installed this EA in 4 different live accounts with 4 brokers.the result is totally different in all brokers if the fals breakout happens when you need quick execution time.

1- Swissquote elite account : 3% profit after one month. using ST mode for USDJPY, EURUSD, GBPUSD with risk 0.5% and Sl= 20 instead of 15 in this volatility market.

2- IC Market = they blocked my account because of hyperactivity of this EA after 2 days. be careful about your broker’s server and the execution time. ICmarket is good only with low spread during a day but EA likes Sapphire which uses pending orders with spread filter can make upset the weak servers in volatility markets when pending orders would be repeatedly modified by EA if the spread would be shortly bigger than the range in the spread filter.

3- Valutrades UK: -10 % loss . the problem is when fals break out happens after the enter price my swissquote account could be survived many times based on quick execution time and stable spread with small profit but the other accounts would be almost hunted by Sl as the spread filter cannot do anything in exit plan if spread becomes bigger than the range after enter price when EA comes activated .

4- Darwinex : 1% profit but it cannot work on pairs GBPUSD as always the spread is bigger than the filter range but really good on EURUSD and USDJPY.

I do hope my collective review can help you to use this great EA with optimal conditions.

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About Forex-EA-Trader.com

The Forex-EA-Trader is a forex and cryptocurrency expert advisor. The Forex-EA-Trader automated forex trading software for the MetaTrader platform places trades for you. The Forex-EA-Trader.com forex robot works with fx currency pairs, bitcoin, ethereum, litetcoin,and other cryptocurrencies.

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Consumer Reviews

Service use: Live

Length of use: 6-12 Months

I opened an account with AvaTrade who are FCA regulated in the UK and were recommended by Forex EA. Setup went great and Forex EA support even remoted onto my VPS (via my desktop) to check settings of the robot, which was excellent service.

I opened an account with Forex EA supports recommended minimum amount – £200, which seemed low, however that was their recommendation.

Two things struck me with this robot – 1. It does not use a stop loss, although it would be possible for the robot to manually monitor the trades itself and close when a level is hit; and 2. It keeps trades open over a weekend, so being vulnerable to weekend news.

My experience is the same as everyone else – the robot closes winning trades after around 11 pips, but keep losers open and appear to keep them open indefinitely. It also closes a winning trade but then almost immediately opens another trade in the same direction. so you pay the spread multiple times.

I started the robot on a live account on 8th July 2020 and by 5th August 2020 it was running low on margin with losing trades open and getting bigger and bigger. The robot was unable to open any more trades, I contacted Forex EA support who advise I needed to place another £100 into the account. against my better judgement I did.

There were some small wins but by 9th Jan 2020 all the margin was used again because it kept the losing trades open. On contacting Forex EA for their opinion, they first asked me to call AvaTrade. After asking them why I needed to contact the broker, when it was the robot making the buy/sell decisions, they asked for a full account history and they said they would get back to me, which they never did. I manually closed the losing positions on 15th Jan.

The robot trades the 15M EURCHF chart however I had one losing trade open from 17th July 2020 until 14th January 2020.

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