Full, honest write-ups of every Expert Advisor that did not meet our standard — including two we originally recommended before re-verification changed our view. Where we get something wrong, we correct it on the page and say what changed. The patterns that keep recurring are set out in our guide to EA scams and red flags.
Dark Nova (MT4/MT5)
Verified 1 November 2026
Trades from December 2024 to October 2026 on the seller's live MT4 signal on MQL5 (2312398; registered on MQL5 in May 2025); drawdown is MQL5's relative drawdown by equity, which counts open losses. We found no separate MT5 record.
1,081 trades in nearly 23 months · $499
Martingale grid: 329 of 330 added trades opened after the price moved further against the position, all 330 larger; at its deepest, 13 trades totalling 0.91 lots.
No stop loss recorded at the broker on any trade. Every completed group closed at a net profit, although individual trades lost; at our check, open trades were $498.17 in loss (16.1% of equity). Early Review: a record under 24 months, so it could not be Recommended in any case.
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Range Breakout EA (MT5)
Verified 31 October 2026
From the seller's live MQL5 signal (2271995), November 2024 to October 2026; drawdown measured on the account balance.
2,083 trades in 23 months · $649
No grid or martingale, but the 16 most profitable of 1,849 entries made more than the whole net profit.
A thin edge: profit factor 1.16, and two of its five markets lost money. Early Review: a 23-month record, so it could not be Recommended in any case.
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Not Recommended
Forex Gump EA (MT4/MT5)
Verified 30 October 2026
From the seller's main live FX Blue account, September 2022 to October 2026; gain on money deposited.
14,753 trades in 4 years · €199 / €399
Grid averaging the sales page does not mention: all 2,495 trades added to an open group came at a worse price than every trade already open, with no stop loss recorded.
Equity was 31.6% below balance when we read it; the longest group on that account stayed open 322 days before closing at a small profit.
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Quantum King EA (MT4/MT5)
Verified 28 October 2026
From the seller's live MQL5 signal (2333407), August 2025 to October 2026; drawdown measured on equity.
565 trades in 14 months · $599.99 MT5 / $499 MT4
A grid with martingale sizing, as the seller describes it. On his live signal, 214 trades were added after the market had moved against every open trade in their group; 72 were larger than the previous open trade.
By default it does not stop losing trades out; it adds until the group is in profit. Early Review: a 14-month record, so it could not be Recommended in any case.
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Not Recommended
Wave Rider MT5
Verified 13 August 2026 · signal withdrawn 10 September 2026 · verdict updated 28 October 2026
33.76%
Max Drawdown (balance)
By equity: 33.01%. Figures describe the High Risk preset, the configuration the signal ran.
310 trades · 24 weeks · win rate 75.48% · recovery factor 0.77
Its default mode is Recovery (Grid), which adds positions when the market moves against an open trade, by the developer's own description; our 13 August review recorded the signal running it. The signal was withdrawn on 10 September 2026.
Previously Inconclusive. Not Recommended since 28 October 2026, when we adopted a rule that any grid or recovery strategy is Not Recommended, disclosed or not. The no-grid Single Position mode has no assessable live record, so it is not rated.
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Not Recommended
FX Scalper X EA (MT4/MT5) — rating for FX Scalper 4X
Verified 27 October 2026
From the Myfxbook-verified account the sales page features first (12030755). Across the vendor's 17 real-money 4X accounts, drawdowns run from 7.30% to 77.86%.
8,856 trades, July 2023 to October 2026 · $488.88 lifetime, both EAs
4,568 of its 8,856 trades were added to an open position at a worse price, in groups of up to 78; the sales page's own 4X tab calls it 'our grid trading algorithm'.
The same page lists 'No grid · no martingale'. FX Scalper X itself is too new to rate: its two real accounts, opened in 2026, are both losing.
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Not Recommended
Forex Truck EA (MT4/MT5)
Verified 15 October 2026
0.92
Profit Factor (our calculation)
From the Myfxbook-verified account the sales page displays. The seller's older account shows 99.96%; a third, on EURGBP, made $5,901.67 and was withdrawn.
656 trades, January 2025 to June 2026 · one $1,000 deposit · from $349
In June 2026 it added USDCAD sells of up to 8.77 lots as the price rose; when they closed, with two GBPUSD buys, the account went from $9,005.89 to $4.59.
The sales page promises "a reliable system for limiting drawdowns". Two of the three accounts we could identify ended within a few dollars of zero.
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Not Recommended
FX Stabilizer (MT4/MT5)
Verified 15 October 2026
13.26%–29.05%
Drawdown Range
1.45–2.27
Profit Factor Range
Myfxbook figures across the six real-money accounts linked from the sales page. The lowest drawdown belongs to the longest account, live since April 2016 and the only one still trading.
4,603 trades on that account, April 2016 to October 2026 · a USD Cent account started with about $5 · from $539
On that account 1,971 of 1,988 baskets closed in profit, but the 17 losing baskets cost on average 36 times what a winning one made: the EA adds trades in the same direction at a worse price and raises their size.
Six real-money Myfxbook accounts, one live since 2016, but all six histories show martingale averaging the sales page does not describe, and none shows Myfxbook's track-record verification.
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Not Recommended
Forex Diamond EA (MT4/MT5)
Verified 9 October 2026
From the vendor's real-money account of more than six years (2019 to 2025), now deleted from Myfxbook. The account that replaced it in June 2025 shows 21.71% and 1.10.
14,270 trades, March 2019 to November 2025 · absolute gain 7.07% · $267 (regular $547)
Two of the three accounts the sales page labels "LIVE PERFORMANCE" are demo accounts.
The vendor's longest real-money record made almost nothing in more than six years and has been deleted. The account that replaced it is 15 months old, and 59% of its profit came in one month.
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Not Recommended
Forex Flex EA (MT4/MT5)
Verified 8 October 2026
From the only profitable one of three real-money accounts the developer opened in March 2025, all verified by Myfxbook. The other two lost 99.90% and 90.55%.
1,092 trades, March 2025 to May 2026 · one $5,000 deposit · win rate 72% · $349.47 (regular $1,059)
No stop loss on its default settings, and each trade added to a losing basket is larger than the last: a martingale grid, by the vendor's own settings guide.
None of the ten Myfxbook accounts on the sales page is a current real-money account with a verified track record, and three are demo accounts. The developer's own verified accounts tell the story instead: two of the three opened in March 2025 lost more than 90%.
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Not Recommended
Forex GOLD Investor (MT4/MT5)
Verified 2 October 2026
46.67%
Max Drawdown (balance)
From the vendor's only real-money account, verified by Myfxbook. The three accounts the sales page presents as live performance are demo accounts.
2,267 trades, November 2025 to October 2026 · one $708.67 deposit · win rate 70% · $267 (regular $547)
On our FTMO test, run on FTMO's own data, it lost money on the 403 trades after its latest re-optimisation.
The sales page quotes a maximum drawdown of 4.37%, from a 22-year backtest. The real account fell 46.67% from its 2 March 2026 peak and had not recovered by 1 October, and without January 2026 it is a losing record.
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Not Recommended
GPS Forex Robot (MT4)
Verified 1 October 2026
From the only one of the six accounts on the sales page that can be viewed publicly. Myfxbook shows its track record as not verified against broker data.
411 trades, December 2017 to December 2023 · one $250 deposit · win rate 91% · $149 one-time
On 1 October 2026 the vendor's website did not load over a secure (https) connection from any of 59 test locations, so whether it can currently be bought is not established.
The sales page quotes "Only A 13% Drawdown" and says the robot "does not involve any tricks like martingale". The one account we could check fell 89.97%, and each of its 20 large losses was followed by a recovery trade at seven times the lot size.
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Not Recommended
Perceptrader AI (MT4/MT5)
Re-verified 27 September 2026
21.96%–68.64%
Drawdown Range
1.50–1.80
Profit Factor Range
Ranges span four real accounts on the developer's own Myfxbook profile: 21.96%, 23.14%, 65.44% and 68.64% maximum drawdown. Only the first is featured in the marketing.
4 real accounts · two started the same day, 28 May 2023: one reached a 23.14% maximum drawdown, the other 65.44% · from $1,497/yr · no independent coverage found
Our only Recommended verdict until 27 September 2026. The featured account is long, real and profitable, but two of the developer's other real accounts fell 65.44% and 68.64% at their deepest, and nothing published tells a buyer which settings produce which result. We reversed the verdict once we checked every account, not just the featured one.
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Not Recommended
Waka Waka EA (MT4/MT5)
Verified 27 September 2026
72.42%
Max Drawdown (equity)
Main account, from its MQL5 signal. A second real account the developer publishes, Waka Close, shows a 90.58% maximum drawdown.
5,498 trades since June 2018 · $16,739.43 profit booked · grid system, disclosed · from $1,497/yr
On 26–27 September 2026 the main account held an open grid with 45.97% of its balance as an unrealised loss, and MQL5 had stopped accepting new subscribers to its signal.
A legitimate developer and a disclosed grid, so this is not a scam. But the marketing leads with "+12,848%" and "96/99" months in profit, figures built on closed trades, in which an open grid barely registers until it closes. The risk is real, and larger than the way it is presented.
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Not Recommended
Quantum Queen X MT5
Re-verified 10 September 2026
31.00%
Max Drawdown (equity)
By balance: 11.16%. These figures belong to the developer's earlier product, not to Quantum Queen X.
Listed 14 July 2026 · no verified record of its own · average win $6.58 against average loss $8.54 · $1,199.99 rising to a stated $1,999
Originally rated Recommended. We reversed that verdict, and on re-verification found a more fundamental problem than the one we first cited: the live track record marketed with this EA belongs to a different product. Its headline growth figure is also distorted by $13,110 of deposits and $16,708 of withdrawals on a $100 opening balance.
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Not Recommended
Forex Fury (MT4/MT5)
Re-verified 10 September 2026
3.80%–98.60%
Drawdown Range
0.65–1.47
Profit Factor Range
Ranges span three real accounts on the seller's own public profile: 3.80%, 41.90% and 98.60% drawdown. Only the first appears in the marketing.
From $249.99, no money-back guarantee stated · ForexPeaceArmy 2.558/5 from 128 reviews
One real account on the seller's own profile won 57 of its 58 trades and still lost 96.10%, falling from a $13,893.74 peak to $195.15. Add an endorsement from a site sharing the vendor's own copyright owner, and platform-documented fake reviews, and the marketing no longer describes the risk the data shows.
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Not Recommended
NightVision MT5
Verified 13 August 2026
48.38%
Max Drawdown (balance)
Developer discloses approximately 50% maximum drawdown, consistent with what the signal records.
7,174 trades over 5.75 years (299 weeks) · win rate 68.81% · current month −8.35%
A long, high-volume live record — and that is precisely what condemns it. A profit factor of 1.06 across 7,174 trades means the edge has decayed to near breakeven. No deception found, and risk is disclosed honestly; there is simply not enough left of the edge to recommend.
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