Is EA Tiburon reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
Table of Contents
About EA Tiburon
EA Tiburon is a forex robot available on MQL5 website. The developer of the EA is Elizaveta Erokhina from Russia.
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According to the vendor, the system can be purchased at the rate of $400 and a rental options of 1 month and 3 months, $200 and $250 respectively.
EA Tiburon claims to give advantage in the financial market with its expert strategy. Here, the system uses dynamic take profit and can be compatible with any broker.
EA Tiburon : Reasons to Avoid this Expert Advisor
Firstly, EA Tiburon is a forex robot that fails to pay attention to details. The sale pitch of this Expert Advisor shows some transparency issues with the product.
Secondly, the system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
More so, the customers’ feedback is pretty worrisome. There is just one customer reviews on MQL5 where the product is sold of which it cannot be trusted to be true.
Further, the EA has no verified trading result from third party sites like FXBlue or Myfxbook where we can attest that the product is reliable or not.
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Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
EA Tiburon Trading Strategy
EA Tiburon uses standard crossing with overbought and oversold for entry points. As for price change, the vendor claims to use customized indicator from him.
Also, the system operates on EUR/USD currency pair, and on a H1 time frame.
In addition, the provider recommends ECN account.
EA Tiburon Trading Results
The vendor presented us with a back test report from 2005 to 2021, showing a deposit of $1,000. According to the result, the EA made a total net profit of 41175.74, profit factor of 3.94 and drawdown of 34.83%.
According to the EA Tiburon demo account on MQL5, the EA had a total trade of 89. The trade was made on a deposit of $3000, profit factor of 3.60% and drawdown of 7.5%.
Conclusion: Is EA Tiburon a Reliable Forex Robot?
EA Tiburon does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
More so, not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
Because this EA does not consider it necessary to provide information, we do not recommend this forex robot for trading.
Kindly share your comment about this broker in the comment section.
