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Expert Advisors Reviews

Ninja Trainer EA Review - Is it scam or good forex system?

The Ninja Trainer is a relatively popular system, which we would like to review. While other EA developers claim their system is really advanced and based on “cool” sounding things like “machine learning” or “neural networks”, when it isn't, the people behind the Ninja Trainer are fairy straightforward.

 

Strategy

 

The Ninja Trainer is a “simple Asian scalper”. A peek at the hourly breakdown reiterates this statement:

 

Asian scalpers (or night scalpers) are trading robots, which attempt to trade during periods of low volatility, during the Asian trading session. Often currency pairs, form rather tight trading ranges during these hours. This is especially true for pairs, which include non-Asian currencies, like USD, EUR, GBP, CHF and CAD. 

 

Asian scalpers are generally dangerous systems. First and foremost they are very broker dependent. Due to the small market moves, which they attempt to capture, such a system can suffer greatly, even after a small increase in the spread (or slippage). Of course, the risk of a sudden market move in the "quiet" time of the day is also present, but this is more of a general trading risk. 

 

Historical Performance

 

The Ninja Trainer is being tracked on a fully verified MyFxBook account, which is being traded at Alpari. A lot of deposits and withdrawals have been made at the account, which does distort some of the statistics slightly. Typically this is on of the signs of a manipulated MyFxBook account. However, the Ninja Trainer is actually running a PAMM account (not unlike the situation with the Lucky Pound EA).

If you are not familiar, this is a type of investment scheme, where and experienced trader (or EA) manages an account and investors are free to join or leave whenever they want. This easily explains the frequent transfers. That being said, here is the growth chart:

 

 

The although the chart is rather smooth, it clearly indicates this is not a grid-based system. They often have a nearly 45-degree perfect slope. This one has more “character”, more random dips and rallies. 

 

The Ninja Trainer’s drawdown chart looks like this

 

 

Overall pretty stable, for any type of trading system. The peak, which has occurred at the time of writing of this review is around 12%. In the PAMM account statement, made by the developers, they predict a maximum of 30%, so they are well within expectations.

 

 

The average pips per trade value of the Ninja Trainer is 3.3. This barely passes our basic guidelines, which state you should not trust a system with less than 3 pips/trade. The 5 line is considered to be more solid and sadly this EA does not pass it. This only reiterates the risks involved with Asian Scalpers – a slight worsening of trading conditions will turn this into a long-term loosing system. Other strategies, like the Harmonics Trader EA, score much better in this criteria. 

 

Pricing

 

There are currently two ways to invest in the Ninja Trainer. One of them is to use MyFxBook’s Autotrade, for which you must have an account with a participating broker and pay extra per winning trade. We would not recommend doing so with this system, due to its nature. If you are scalping and effectively paying wider spreads, your results will be drastically worse than those of the original system. On the other hand you can invest in the Ninja Trainer by participating I the PAMM account, at Alpari. This way you would increase the total account balance of the system, but be part of every deal it makes, at the exact price the robot enters. The performance fee, charged by this system is 25%, and is taken on a monthly basis.  That being said, PAMM investing has other drawbacks and is also not preferred by some investors. 

 

 

Bottom line

 

The Ninja Trainer is an Asian scalper, which has earned 268.1%, in about two years time. The system is being traded on a PAMM account and judging by its style of trading, this is the only suitable way to invest in it. The inherit broker sensitivity is still present. We acknowledge the fact, the people behind this strategy are very honest about what it actually is. 

 

TAGS: ninja trainer  ninja trainer ea  ninja trainer review  ninja trainer scam  ninja trainer pamm  ninja trainer alpari pamm  ninja trainer ea review  ninja trainer ea scam 
Forex
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