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Public Reviews for Primeval EA

This is the place for public independent Primeval EA Reviews. It's quick and easy to do. Help fellow traders work out what works and what does not. Brainyforex has tested this EA on demo account. Read about our 4 star rating below. Official website : No longer available?

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Quick facts from official website:

Primeval-EA is a fully automated Forex robot that needs no human intervention. You just need to place it on a chart and it trades by itself. It works with all Forex brokers using the MetaTrader platform, including ECN and 5-digit brokers, it detects your broker’s digits automatically before it places a single trade.

Our Expert Advisor has been sharply designed to operate on THIRTEEN currency pairs with NINE Built In Very Advanced & Profitable Strategies. Six of them are for Scalping Asian Sessions when the Market is more quiet and the price tends to be more predictable allowing the Expert Advisor to pick up some reliable pips from it.

The seventh strategy is a technique called Grid Trading Strategy, which consists in dividing a specific price range into sub ranges (grids). Every time a grid line is touched, the Expert Advisor would open a trade if there isn’t any trade opened yet for that specific grid, this works great on ranging markets and for stable currency pairs with low historical range of pips.

The eighth strategy is called Hedging & Pyramiding . Pyramiding is a trading strategy that consists in adding positions as price moves in the desired trend direction, this offers the maximum potential reward but can also be risky, that's why it also hedges (open trades in the same currency pair with opposite directions buy & sell) positions until partial trades or all trades are closed in profit.

The ninth strategy included in this single EA is called Martingale. The strategy works by recouping all losses through the increase of lots after successive losing trades. We have implemented it on the EURCHF pair using a soft lot size increment and we got solid results with a low drawdown.

Unlike other Expert Advisors that use big lot sizes on every trade (this can get you very good profits in short time but can also kill your account easily), our Expert Advisor is designed to earn many pips daily (even when it's scalping) with several trades on the ten (10) supported currency pairs which use small & safe lot sizes in every trade. Trades are opened and closed properly by the diverse built-in algorithms that handle the trades in different ways thus minimizing the possibility of suffering big drawdowns. For a $10,000 deposit and with conservative settings (by default) it opens 10 to 30 trades a day with lot sizes of 0.1 to 0.5 and is capable of earning about 30 to 120 pips a day (about 100$ to 400$) on average!!

NFA Compatible! If your broker is NFA Regulated you will be able to use The Scalping Strategy without any inconvenient, our Expert Advisor has a setting NFA_Compliant that can be set to TRUE to assure that no hedging is used and that only one trade at a time is opened for a specific currency pair to avoid FIFO problems when trying to close orders due to this specific rule. However, both Hedging & Pyramiding Strategy and the Grid Trading Strategy cannot be used if your broker is NFA Regulated.

SUPPORTED CURRENCY PAIRS:

GBPUSD, EURUSD, USDJPY, CHFJPY, GBPCHF, USDCHF EURCHF, EURGBP, USDCAD, EURCAD, CADCHF and GBPCAD