Davinci FX Review: A cocktail of EAs.
David H. Burnett- posted on
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The Davinci FX group offers various services, including expert advisors, scripts, trading indicators, and PAMM signals. It is a portal that informs traders about all aspects of automated financial trading.
However, our main focus for this review will be the expert advisors offered by this group. We analyze these EAs, their results and feedback from clients. In conclusion, we will give you a verdict.
What is Davinci FX?
Davinci FX has a set of expert advisors for automated trading designed for beginners and seasoned traders. All the EAs work on the MT4 trading platform. The developers of these robots state that smart trading starts with the right strategy.
This group develops their EA based on two factors. The recovery coefficient is one of the considerations. It shows the ratio of the absolute profit to maximum drawdown. Next, they consider the number of transactions completed during the maximum backtest period. This way, they can assume that the trading algorithm has high predicative properties and will work in the future.
Davinci FX: EAs Review
Let’s analyze the three Davinci FX robots.
Night Hawk EA
This is a fully automated forex robot, a version modified from classical systems. This EA uses the martingale with a combination of other addons that are significant in netting profits.
To reduce the large drawdowns associated with the martingale strategy, this EA uses several other methods. This includes customization for the open transaction quantity, maximum drawdown specification, currency pair control, and news background block.
The key benefits for this EA include reliability, universal (operates with all brokers), lifetime support, and integrated MM.
The developers of this EA have shared real verified results hosted on Myfxbook. Gain stands at 214%, with a monthly growth of 4%. However, the drawdown is at 41%, which is a big concern. Night Hawk EA wins an average of 75% of its trades and has a profit factor of 1.72. Note that this live account has been running since 2019 which is exceptional.
The developers also provide backtest results which is great for transparency.
Zodiaq Robot Advisor
This is another 100% automated robot that works on the MT4 platform. Compared to the Night Hawk EA, which majorly depends on the martingale strategy, this EA’s algorithm is based on establishing the level of support and resistance. It also “reads” the market’s mood and direction to assess the movement impulse.
The Developers claim that trading is supported by fundamental factors. Moreso, the EA has in-built capital management ability. They also explicitly state that this EA does not use risky strategies such as martingale, averaging, and hedging. Key benefits for this EA are stated as indicator withdrawal filter, Daily trading filter, High predicative qualities, and Money management system.
We got real verified results from an account hosted on Myfxbook. The link to this account is available on the website. This EA started trading in 2016. It has been extremely consistent since then, growing by an average of 2.4% monthly. Gain over the same time span is 357%. The drawdown for the account is under 10%.
More so, the EA has conducted over 29,000 trades, winning 74% of those trades. From our point of view, these results are outstanding and stable.
Again, the developers have provided backtests results which show how this EA performed within a test period of 9 years.
Sakura EA
This expert advisor is a universal robot that works with any broker. It is a counter-trend multicurrency trading software with a differential approach to trading timing. It usually works during the Asian trading session.
This EA uses simple logic. It enters the market during low volatility. The EA has in-built features such as filters and checks that guarantee profitable entries and exits to the markets. To avoid losses, it also uses a trailing stop.
Some of the key benefits offered by this EA includes money management systems, fully automated, life long support, High predictive qualities and reliability.
Again, Davinci FX have provided a link to a real, verified account for Sakura EA. Although this EA monthly growth does not match the other 2, it still has positive growth. Amazingly, again, this EA is the epitome of consistency, stretching from late 2019 to date. Drawdown stands at 12%. Relative gain is at 33% which we consider low for the traded timespan.
The EA has carried out 238 trades since 2020. That’s a low number of trades. However, the EA is able to win 69% of the total trades.
Once again, the developers have provided backtests results. With a modeling quality of 99%, It shows that the Davinci FX team are confident of this EA and its results. This is a good sign and a confidence booster for prospective traders.
Davinci FX Review: User Feedback
On a disappointing note, we did not find any customer reviews from any reputable sources. A proper community around an EA gives prospective users an insight into how a robot works. Without the community trust, it becomes hard to endorse a forex robot.
Conclusion
The team behind this EA has also provided their identity and ways to communicate with them. This is good for transparency. We are really pleased with the results displayed by this EA. They show a tantalizing possibility of making cash from trading through consistent gains.
On the downside, the lack of community around this EA is a real letdown. So what’s our recommendation? For novice traders, keep away from this EA. However, we reckon that experienced traders can try this out.
If you have used any of Davinci FX group forex robots, please leave a comment below.