Before you spend $500, $1,000, or even $3,000 on an Expert Advisor, there is one question you should be able to answer: when will it pay for itself?
AlgoCheck answers that question.
The MQL5 Market has thousands of Expert Advisors. Most show incredible backtest results and growth charts. But behind the marketing, the data tells a different story. Inflated returns through high leverage, minimal deposits, and manipulated statistics.
We analyzed over 163 products and signals. The results are sobering.
Grading System
Every EA and Signal gets a Grade from A to F, based on five categories:
- Profitability
- Risk Management
- Consistency
- Diversification
- Transparency
Out of 163 reviews, not a single product earned an A. Most are Grade D or F.
ROI Projection
The ROI Projection shows two columns: what the provider earns at their leverage (often 1:500), and what you would earn under retail conditions (typically 1:20 for gold, 1:30 for forex).
At $1,000 capital, some EAs need over ten years to break even. The numbers are calculated for you, transparently and honestly.
Strategy Check
You can also upload your own trading data - a backtest report or a Myfxbook screenshot. AlgoCheck analyzes it using the same scoring framework. Same criteria for everyone.
Rankings are free. Full reports cost one credit, one Euro. Check before you buy.