Algo Trade Kit Software Review

arbiter arbitrage ea review

  • What Algo Trade Kit offers
  • Test results on demo accounts
  • Analysis of Algo Trade Kit from public sources
  • Conclusions

What Algo Trade Kit offers

Arbiter Forex Arbitrage EA

There are two products available for purchase on the company’s website. These are Arbiter Forex Arbitrage EA for €899, and Copycat Trade Copier EA for €499. Also, there are consulting services for 29 euro/hour to set up and run products purchased from the company. 

Arbiter Forex Arbitrage EA – forex arbitrage with local delay, designed for MetaTrader 4 and MetaTrader 5 terminals.

Arbitrage trading is a form of trading with minimal risks, aimed to gain profits by purchasing an asset simultaneously on one trading floor and selling it on another or by using different instruments on the same trading floor. Arbitrage trading is based on the principle of breakeven at all possible outcomes.

Arbiter Forex Arbitrage EA uses latent arbitrage in trading. 

Latency arbitrage is based on the use of the weaknesses of the trading platforms, the quotes of which do not have enough time to react to the price change and are visible to other brokers. Such cases do not occur often and usually are the result of technical factors (server load, delayed data transfer from the quotation provider, etc.) or as a result of high market volatility due to the release of important news or unexpected events.

Arbiter Forex Arbitrage EA is optimized for speed to take advantage of differences in price quotes from different brokers. This robot is suitable for cryptocurrency arbitrage if brokers offer CFDs on Bitcoin, Ethereum, Ripple, or other crypto instruments. Different exchanges almost always have different prices for crypto assets, which creates an opportunity for arbitrage trading on such platforms.

Arbiter Forex Arbitrage EA has no monthly or hidden fees, the entire cost is paid once upon purchase. It can be used on up to five accounts (computers) with one license number. Lifetime EA updates are included free of charge.

Features of Arbiter Forex Arbitrage EA:

– High-speed trading. From 40 ms (it depends on brokers and physical computer, on which MetaTrader terminal is running, i.e. hardware).

– Access from the local machine. Working with all brokers that allow arbitrage, it is mandatory to have both accounts or both MetaTrader platforms on the same computer.

  • Supports cryptocurrency. Arbitrage is possible at brokers offering margin (credit) trading and CFD on crypto-assets.
  • One-time purchase. Algorithmic trading without subscriptions, monthly or hidden fees. VPS is desirable, but not obligatory.
  • Custom risk management. The maximum number of open positions for a given symbol, stop-loss, take-profit levels, and lot size can be specified in the settings.
  • No third-party libraries are required. The Expert Advisor uses only program libraries provided by the Windows operating system, but for correct work, the DLL import should be enabled in MetaTrader terminal settings.
  • Customer support and updates. Easy installation and setup, help is available if needed. Buying software guarantees you 1 month of free support and lifetime updates.
  • Pre-purchase testing. A trial version is available for testing purposes. The limitation is that you can only use it on demo accounts.

Copycat Trade Copier EA

Copycat Trade Copier EA is a fast local and remote forex trading copier, designed for installation in MetaTrader 4 and MetaTrader 5 terminals. The Expert Advisor can copy profitable and unprofitable trades from a trading account in just 0.05 seconds. According to Algo Trade Kit, the reason for copying trades from a losing account is that more than 90% of traders lose money in the long run. If it reverses losing trades in the opposite direction, it should give a positive effect. However, this statement is quite controversial – it is very difficult to turn a losing system into a profitable one by reversing trades, as brokers have spreads and commissions which take away a large part of the profit and finally give the same losing result over a long period. At the same time, the function of the reversal of copied trades itself is noteworthy. The Copycat Trade Copier EA is configured to work with software for high-performance algorithmic trading. It is designed to copy trades made on one MetaTrader 4 or MetaTrader 5 account to another MetaTrader 4 or MetaTrader 5 account. Supports customizable display of broker symbols, normal or reverse trading direction, and advanced risk management. The Copycat Trade Copier EA has no monthly or hidden fees, the entire cost is paid once at purchase. However, it can be used for up to five accounts (computers) with a single license number. Lifetime EA updates are included free of charge.

Copycat Trade Copier EA features:

  • High-frequency trading. From 50 msec (depends on different factors – geographical location, broker, the characteristics of the physical computer on which MetaTrader terminal is running – i.e. the iron, the speed of connection, etc.).
  • Access almost anywhere. Works with any broker, and also as a local or remote deal copier (it is not necessary to have both accounts or both MetaTrader platforms on the same computer).
  • Only pre-selected symbols can be copied. The Expert Advisor will duplicate trades, in which the symbols of trading instruments are matched between the two accounts.
  • One-time purchase. Automated trading without subscriptions, monthly or hidden fees. VPS is desirable but not obligatory.
  • Risk control and management. You can control the number of copied positions, deal direction, and lot size using the settings.
  • No third-party libraries are required. The Expert Advisor uses only program libraries provided by the Windows operating system, but for correct work, the DLL import should be enabled in the MetaTrader terminal settings.
  • Client support and updates. Installation instructions are as simple as 1-2-3, and installation assistance can be provided if needed. Purchasing the software guarantees you 1 month of free support and lifetime updates.
  • Pre-purchase testing. A trial version is available for testing purposes. The limitation is that you can only use it on demo accounts.

Test results on demo accounts

Impressions from using the demo version are not the best. When I installed it on EURUSD, Arbiter Forex Arbitrage EA started to trade on XAUUSD. After sorting out the EA settings, it turns out that it needs to prescribe a pair for it to work with. But when prescribing EURUSD, no trades were opened. Perhaps, I didn’t find any arbitrage situations, or maybe something else is wrong. But I’m trading very actively on XAUUSD and noticeably in the red. I thought I didn’t choose a fast/slow broker correctly. But no, in both combinations the result is about the same – almost everything is negative, very rarely plus. As a result, after a couple of hours of acquaintance with Arbiter Forex Arbitrage EA on one account from $10000 remained $9794, and on the other account from $ 5000 remained $ 4715.

After negative results on two accounts, I turned to the manufacturer’s website for help. It says that customers who have not yet bought the product can get advice on setting up and running advisors via messenger for 29 euros per hour. In other words, the settings for the demo version are different from the real trading settings. It is impossible to check whether an advisor can work in the demo version – consultation and probably a change of advisor parameters are required.

Analysis of Algo Trade Kit from open sources

There are detailed video materials on the installation and use of the offered products in English on the website of the company. There is a FAQ with frequently asked questions. The company has demo versions of the software, which differ from the old ones only in the fact that they work exclusively on demo accounts. The company promises help with installation and setup after purchasing any of the advisors within one month after the purchase, further 29 euros per hour. There is no refund for the purchase if the client is not satisfied with the purchased product.

The site has a “Blog” section, where you can learn the terms and definitions that are present on the site. The section can be very helpful for beginner traders and explain some little-understood points on the site itself.

The age of the site at the moment of writing the review is 1 year 11 months and 5 days. The history of Algo Trade Kit’s development is not provided on the site – there is only personal and professional information about the developer, Budyony Demyanov.

I haven’t found any reviews on thematic platforms and forums about trading that prove that the company is not very popular among the traders.

Conclusion

The software from Algo Trade Kit is a “dark horse” that has no refund if the software doesn’t function for some reason. There is no way to test the Copycat Trade Copier EA on the history as well – only on a demo account in real-time. On demo accounts it trades in deficit – requires additional advice and help in configuring the Arbiter Forex Arbitrage EA. The decision to buy Algo Trade Kit products is up to everyone – I would not buy it.

website: https://www.algotradekit.com/

Experts review
  • Profitability - 0.3/10
    0.3/10
  • Safety of use - 5.2/10
    5.2/10
  • Execution speed - 0.4/10
    0.4/10
  • Сamouflage options - 0/10
    0/10
  • Customer support - 2.6/10
    2.6/10
  • Usability - 3.9/10
    3.9/10
  • Multifunctionality - 0.9/10
    0.9/10
Overall
1.9/10
1.9/10
User Review
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