Expert Advisors Reviews

Caesar Expert Advisor: It Came, It Traded, It Profited

Today we are undertaking a very interesting review – we'll be looking at the Caesar expert advisor, which as you see has a well-known name. Even if you've never been interested in the history of Rome or philosophy, you must have heard the phrase “Veni. Vidi. Vici.” Given that the trading system is one of the most discussed on Myfxbook, as well as its solid performance results, I had no choice but to explore it in detail. I'll shoot straight away by confessing that the challenge for me is huge, as the EA shows serious achievements in terms of profits but yet I have my concerns regarding the trading methodology and the authenticity of the account.

 

We start with some preliminary remarks. Firstly, we'll be looking at the Caesar 400% EURUSD system, as it is amid the most commented on Myfxbook. This is a real account, which, however, is not verified and that casts a shadow of doubt over the results. In case you're amid the people that necessarily need a verified Myfxbook account, then perhaps you'd want to take a look at this one, on which the robot has also been applied: but pay attention to the custom start date. 

 

 

Strategy

 

The Caesar EA trades with the EUR/USD pair, opening a series of positions in tune with a trend. They all form a group and all of the positions in a group are closed simultaneously once a take-profit or stop-loss level is reached. Most often, however, the robot does not close the group of trades, it simply opens more positions to compensate for the losses. And this is where the main risks for the trading of this bot come from – the great number of positions kept open simultaneously, their number often exceeds 20. Unless you pick some very small trade contract size, your account may be doomed. 

 

The trader using Caesar EA is smart enough to work with fixed trade contract size of one micro lot (0.01 of the standard lot) and to regularly withdraw profits. When it comes to dangerous EAs, you should use tricks like these.

 

 

Performance

 

I already mentioned that the profits of this EA are great. Since the launch of the account on August 13, 2013, it has accumulated gains of 414%, totally vindicating the name of the strategy. 

 

Photo credit: Myfxbook.

 

You can see how the curve rises and this is one of the most consistent and solid profit lines we've seen. (We hope that the account gets verified and this profit curve is proven to be actually this good.) In addition, after 8 months of trading and in the face of the risky trading method, the robot has managed to keep the relative drawdown rather low at 26%. As a result, the return-to-drawdown ratio is at 16, which promises some significant returns in exchange for anything invested. 

 

The average pips per trade are at 5 – an acceptable level, especially when it comes to trading with EUR/USD. In case you pick a Forex broker that offers low spreads, you should not feel the impact of these spreads on your profits. 

 

Pricing

 

You cannot buy Caesar EA as a standalone piece of software. You can subscribe to signals from master accounts. For Caesar 2.1, you can subscribe at this page – the price is quite lump at EUR 77 (USD 107) per month, by the way. Regarding the signals of Caesar 400% EURUSD, you should contact the trader who owns the account here.

 

 

 

Any opinions and statements in this article are strictly subjective and should not be treated as investment advice. Forexbrokerz.com and all of its authors are not affiliates of any of the discussed signal providers, expert advisors and their vendors.

 

TAGS: caesar  caesar expert advisor  expert advisor  caesar ea review  ea review  expert advisor review  forex robot  automated forex trading  myfxbook  caesar 2.1  caesar 400% eurusd  eurusd  euro  pips  lots  signals  real account  verified account  profit 
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
Cyprus CySec MT4,
proprietary
web-based
$100 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
New Zealand FMA MT4 $1000 Review Website

More Forex Expert Advisors Reviews

AvaTrade acquires YouTradeFX's Australian customer base

Jul 30 2014 12:00:37

AvaTrade's new customers will enjoy a wider choice of trading instruments, including more CFDs, FX options and binary options. Read more

Forex EAs and indicators account for 90% of Metatrader Market sales

Jul 30 2014 11:13:28

Metaquotes, the company behind MT4 and MT5 trading platforms, today revealed some statistics of the MetaTrader Market. The app store has a modest turnover of $522 000 since its launch in 2012, almost 70% of which have been made by the top 10 providers . Read more

MT4 Now Features Built-In Forex VPS

Jul 14 2014 13:00:45

Metaquotes, the company behind the most popular forex trading platform, announced today that the new MT4 Build 670 comes with a bundle of new features, including virtual EA hosting. Read more

Forex

Flex Expert Advisor: That's the Martingale Rock

Apr 18 2014 07:33:44

Today we'll be reviewing a very profitable expert advisor - the Flex EA, which however uses rather risky, gambling methods to deliver these gains. Read more

Forex inControl EA: Keeping Grip on Drawdown isn't Easy

Apr 14 2014 07:05:53

Today in our section for expert advisor reviews we'll be exploring Forex inControl, a robot that aims to keep a tight lid on all risky aspects of trading while being the phenomenon and the main trend of 2014. Read more

Scientific Gridder: The Conservative Gambling Forex Robot

Apr 11 2014 12:38:37

Today we'll be reviewing the Scientific Gridder expert advisor (EA) – a piece of software that aims to solve the complex task of delivering solid profits, while keeping risks under control. Read more

Armada Expert Advisor: Sensitive System with Solid Returns

Apr 10 2014 09:05:12

Today we'll be taking a peek at the Armada expert advisor (EA), an automated trading system that works on the Metatrader 4 (MT4) platform aiming to deliver some profits to you while you're preoccupied with anything but trading. Read more

The Best Scalper Expert Advisor: Really?

Apr 07 2014 09:21:13

When we reviewed the Smart Pips expert advisor, we mentioned that cheap scalpers are hard to find, especially if it comes to ones with history on real accounts. Read more

Smart Pips Expert Advisor: Making Profits from Trends

Apr 02 2014 11:52:02

I've been looking for a cheap scalping expert advisor, after the reviews of robots like the Easy Walker showed some ambitious price tags of more than $300. Read more

FX Monetizer: The Brother of the Forex Growth Bot

Mar 31 2014 06:34:20

Today we'll be reviewing a robot that delivers some rather strong results – the FX Monetizer. Read more

Forex