Delton Pro Review: A Good Choice?
The developers of Delton pro refer to it as a proven forex robot. It was launched in 2007, and the creators call themselves legends of forex trading.
In this post, we analyze this EA. We examine the performance statistics to determine if it’s a good choice. We also scrutinize the community trust levels, and ultimately, give you our verdict.
What is Delton Pro?
This is a fully automated forex robot that does not require human intervention to trade. The developers claim that this robot is suitable for beginners and experienced traders.
Created in 2007, there are currently many iterations of this software. The latest version we found was Delton Pro V2.2. To use this EA, all you need to do is purchase the license. Secondly, get a trusted forex broker and install the application. Finally, deposit at least $50 to start trading.
At the time of publishing this post, The Delton Pro website was not active. However, because most EA market places are still selling this forex robot, we deem it necessary to determine if it’s worthwhile.
Some of the notable features include:
- Money Management Feature
- Works With Most Currency Pairs
- NFA And FIFO Compatible
- MT4 Build 600+ Compatible
- Highly Optimized Settings
- Free Updates
- Low Risk, High Reward
- ECN support
- Time filter
- Can Trade Any Style
- Works With Any Broker That Allowed Expert Advisor (>97% Online Broker Allowed)
The price for this EA is $1599 for a lifetime license.
Delton Pro Strategy
We searched the internet to try and understand what strategy this EA uses.
Apparently, developers for this EA claimed to avoid risky strategies such as martingale, hedging, switching and averaging. The reason for this is, more often than not, these strategies blow your account to zero.
The main strategies this EA uses are real on-time price and current market price movement. The EA also employs market psychology, Harmonic patterns trading, Naked Candle Trading, Fibonacci Trading. Additionally, this forex robot is built with some extra “secret ingredients” that make this EA never lose a trade.
Lets analyze some performance results
Delton Pro: Performance Stats
At least the people behind this forex archived their backtest results. This demo backtest traded EURUSD currency pair. It span a period of 2 years.
What catches our eye from the get go is the poor modelling quality. At 57%, this is low quality for a backtest result.
However, the relative drawdown stands at just under 20%. The results show a net profit of $704,062 from an initial deposit of $100. The timeframe used is D1(daily)
We turn to verified real accounts to get a better understanding of how this forex robot performs.
The account is flagged as a demo account, but still lets have a look at the results. Again, what immediately stands out is the drawdown that is above 50%. Even for a demo account, this is extremely alarming. To compound the situation, the relative gain and the absolute gain are similar meaning the owner pumped in money to support this account.
The account ceased updating in 2016.
Community Trust Level: User Reaction.
We searched the internet for customer review but we could not find anything from reputable sources.
Currently, this EA is at version 2.2. This means that the EA has been iterated several times. Since this EA has been around for some time (from around 2007), we expected to find some user feedback from reputable sites. However, we found none.
EA market places claim that refund exists for this EA. A 30-day money-back guarantee. However, since we do not have the official statement from the website or any indication from customer feedback, we will assume that this policy does not exist.
Therefore, if you decide to invest in this EA, please note that the likelihood of getting a refund is close to nil.
We did not find any information pertaining to the creators of this EA. However, from unofficial sources, there are claims that the owners do engage with their clients. Moreover, these clients claim that this EA is not to be trusted due to the high possibility of ruin.
As it stands, the website for this EA is inactive. Therefore, it is hard to verify any of this information independently.
Our Final Thoughts.
Delton Pro EA feels like it’s all over the place. The website is inactive, and the backtests seem dodgy due to the mediocre modeling quality. There are no real verified account results, and even the demo account is performing dismally.
Additionally, this EA is priced at $1599(which is ridiculous) for an EA that does not show any promise. Some marketplaces are quoting the price at $6000 which is unbelievable. There are many other EAs out there that are transparent and work better.
We advise anyone that loves their money and peace of mind to completely avoid this EA. This is until they put their act together(We hope they start with a functional website).