Forex Robot Reviews

Primeval EA 1.0 & 2.0 Review

Review of Primeval EA (versions 1.0 and 2.0)

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Primeval EA EURUSD, GBPUSD, USDCHF, USDCAD, USDJPY, GBPCHF, EURGBP, EURCHF EURJPY (new for v2.0), CHFGBP (new for v2.0) M15 Scalping Yes Yes dynamic dynamic Primeval EA Website

 

Performance (Primeval EA 1.0 Live Test Results)

License

Primeval a different licensing system where you are limited to 10 demo accounts, and 1 live account. Your EA is tied down with a licensing number, and as soon as you put it on a live account, you void any chance of a refund. So make sure you run this one on demo before you decide you are going to keep it.

 

Strategy

Primeval contains 6 different trading strategies that are used according to the currency pair at task. There are four seperate scalping strategies for 8 currency pairs, a hedging and pyramid strategy for GBPUSD, and a Grid Strategy for EURCHF.

Because Primeval EA uses all these different strategies, it is important to read the owner’s manual to understand and optimize the settings for each currency pair and its respective strategy.

Recommended Brokers

Our recommended FXOpen or IamFX are no exception and provide great execution time and the best/consistent spreads.

 

Conclusion

Primeval EA is one of those non-marketing, no hype style forex robots that just kind of came out of no where. It has gone viral rather fast throughout various forex trading forums, showing mostly positive results. Their Primeval 1.0 version seemed to be profitable, then they released version 2.0 and I have seen some people not happy with 2.0 and switch back to 1.0. Our account is currently running version 1.0. I unfortunately can’t recommend buying this EA just yet as it has not shown any kind of potential yet though.

I will update this further when I learn more…

 

Overall Rating

1 Comment
  • bert - Posts:
    March 22, 2011
    Reply #1

    Gains and losses are balanced – support does not exist in practice. Is not $ 600 worth. No refund is offered .

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