Kangaroo EA is an automated trading software that uses advanced algorithms to analyze the markets and execute trades. With its intelligent trading system, Kangaroo EA aims to generate consistent profits while minimizing risks and drawdowns.
In this comprehensive Kangaroo EA review, we will take an in-depth look at how this trading bot works, its main features and benefits, costs, performance statistics, pros and cons, and more. Read on to find out if Kangaroo EA is the right automated trading solution for you.
How Kangaroo EA Works
Kangaroo EA is designed using complex mathematical models and advanced AI to scan the markets for profitable trading opportunities. Once installed on your trading platform, the bot monitors the markets 24/7 and uses its algorithms to identify high-probability setups.
Some key aspects of how Kangaroo EA works:
- Powerful Analysis Engine: Proprietary algorithms analyze big data like price action, trends, volatility, volume, news etc. to forecast market movements.
- Smart Order Execution: The bot opens and closes trades automatically based on analysis. Trades are executed even when you are away from your computer.
- Risk Management: In-built features like stop loss, take profit and position sizing control risks on every trade.
- Optimization & Machine Learning: The software continually improves itself by optimizing strategies and learning from past data.
Main Features & Tools
Kangaroo EA comes loaded with features designed to simplify trading and deliver consistent results. Here are some of its notable features:
- Compatibility with MT4, MT5 and cTrader platforms
- Works on Forex currency pairs and gold
- Long & short trade capabilities
- Trades multiple currency pairs
- Advanced money management and risk controls
- Smart stop loss and take profit
- Built-in position sizing calculator
- Detailed backtesting with historical data
- Stealth mode to hide stop loss and take profit levels
- Notification alert system via Email & Telegram
- Dedicated support team
In addition, Kangaroo EA also offers tools like:
- EA Builder: Helps you customize trading strategies as per your preferences. You can combine indicators, tweak settings and backtest strategies.
- VPS: Get 24/7 access to Virtual Private Server with ultra fast execution.
- Trade Copier: Mirror trades from the master account to unlimited slave accounts.
With its extensive feature set, Kangaroo EA aims to automate the complete trading process and enhance profitability for traders.
Benefits of Using Kangaroo EA
Kangaroo EA is designed to make trading simpler and take the guesswork out of making trading decisions. Here are some of the main benefits of using this automated trading system:
The algorithms used by Kangaroo EA are able to process market data faster and more efficiently than a human brain. This enables the software to quickly identify high probability trading opportunities that you could easily miss.
Kangaroo EA executes trades systematically based on analysis rather than emotions. This removes the psychological biases that often lead to poor trading decisions when you trade manually.
The software can monitor the markets and trade 24/7 without breaks. This ensures you never miss out on good trading opportunities when you are busy or asleep.
Disciplined Risk Management
With features like stop loss, position sizing and take profit, Kangaroo EA applies proper risk management principles on every trade. This protects your capital while aiming for sustainable growth.
Saves Time & Effort
Since all analysis and trade execution is handled automatically, the software saves you time and effort. You don’t need to spend hours every day analyzing charts or watching the markets.
You can use the EA builder to create, test and optimize custom trading strategies tailored to your goals. This flexibility is not available in many other automated trading systems.
With these advantages, Kangaroo EA can potentially boost trading consistency, free up time and ultimately enhance your overall profitability.
Kangaroo EA Pricing & Packages
Kangaroo EA offers its software on a subscription basis through three packages:
Starter: $99 per month
Advanced: $399 per month
Pro: $599 per month
These have been designed to cater to traders with different needs and budgets. Here is an overview and comparison of what each package offers:
|No. of Currency Pairs||2||5||15|
|Tick Data Suite||✖||✖||✔|
|Ticket Support||✔||Priority||Top Priority|
Starter ($99/month): Best for new traders who want to test the software with limited pairs and basic features.
Advanced ($399/month): For traders seeking access to more pairs, copy trading and VPS server. Get priority support.
Pro ($599/month): Most extensive version with full features, settings and pairs. Get premium VPS, tick data suite, top priority support and more.
While the Pro plan offers the complete experience, you can pick a plan to match your current trading requirements and upgrade later as you expand.
Performance & Stats
It is natural to question the performance legitimacy of any automated trading system. Kangaroo EA provides verified performance statistics to offer full transparency on past results.
- Win Rate – 62%
- ROI – 215%
- Max Drawdown – 18%
- Sharpe Ratio – 1.95
These metrics indicate respectable performance with a good win rate and ROI while drawdowns and risk are controlled.
The performance stats are also broken down further based on currency pair and year. For example:
- 2022 ROI – 330%
- 2021 ROI – 265%
- Max Drawdown – 11%
- 2022 ROI – 155%
- 2021 ROI – 189%
- Max Drawdown – 22%
The detailed pair-wise and yearly performance statistics instill confidence about the consistency of the trading algorithms. Only a handful of forex EAs can match this verified track record.
Myfxbook verification provides further legitimacy to the performance claims. You can analyse extensive stats on the Myfxbook Kangaroo EA page.
While past performance is not fully representative of future results, the long and verified track record indicates the fund management principles coded into the algorithms work.
Using Kangaroo EA: Tips for Best Results
To achieve optimal performance with Kangaroo EA, it is important to use the software properly. Here are some tips:
- Start with Demo: It is highly recommended to first run the EA in demo mode. Test different pairs, settings and get a feel for how it trades before going live.
- Use VPS: Connect the software to a high quality Virtual Private Server for uninterrupted trading and fastest execution.
- Optimized Broker: Choose a broker optimized for algorithmic trading. Check that they allow EA trading with VPS, have tight spreads, good execution and low commissions.
- Adequate Capital: Have at least $2000-$3000 trading capital, as the algorithms perform best with this. Too little capital can hinder performance.
- Be Patient: Like any expert advisor, Kangaroo EA needs time to analyze data and optimize itself to the current market conditions. Be patient through the learning period.
- Use Proper Risk: The default settings are well calibrated for risk management. But you can further tweak risk parameters to suit your profile.
Following these best practices can help you get the most out of Kangaroo EA. Pay close attention to proper usage guidelines provided and educate yourself about algorithmic trading.
Pros & Cons of Kangaroo EA
Let’s summarize the main pros and potential cons of using this automated trading solution:
- Verified long-term performance record
- Customizable trading strategies
- Works on multiple currency pairs
- Superior technical & fundamental analytics
- Disciplined risk & money management
- Emotionless auto-execution of trades
- Saves time through automation
- Suitable for newbies and experts alike
- Requires some familiarity with EAs and software setup
- Monthly subscription fees
- May not suit traders who prefer manual trading
- Past performance not guarantee of future results
- Needs good broker, VPS and adequate capital
Overall, the pros seem to easily outweigh the few limitations for traders looking for a solid forex robot. Just ensure you use Kangaroo EA properly with the right infrastructure and risk management.
Is Kangaroo EA Right for You?
Kangaroo EA is designed for all trader types – beginners to advanced. But you must have a reasonable level of comfort with technology and a willingness to learn algorithmic trading. If you expect a magic button with no effort from your end, this software is not for you.
That said, here are the trader profiles best suited for Kangaroo EA:
- New traders seeking guidance and structure in their trading
- Part-time traders lacking time to actively trade themselves
- Experts who want to automate their proven strategies
- Skilled traders hit by emotions and inconsistent results
- Investors seeking steady growth with minimized risk
And here are instances where you may want to reconsider Kangaroo EA:
- If you have very little capital – less than $2000
- If you prefer very short term trading only
- If you do not want to use EAs and prefer manual trading
- If you cannot dedicate time to properly setup and monitor the software
Provided you are comfortable with the technology, have adequate capital and a long term focus, Kangaroo EA can aptly match your needs.
Verdict: A Next-Gen Automated Trading Solution
In summary, Kangaroo EA is one of the most sophisticated and reliable forex trading robots in the market currently. With its AI-based algorithms, array of features, long verified track record and ease of use, it is a noteworthy addition for any trader’s arsenal.
Of course, like any EA, you need reasonable capital, a proper broker, VPS service and patience during setup. And results can never be guaranteed with any automated system. But the comprehensive nature of Kangaroo EA in terms of analytics, risk management and automation sets it apart.
Overall, for traders seeking an all-in-one automated solution to simplify trading, boost consistency and potentially grow their accounts, Kangaroo EA deserves some serious consideration.
Frequently Asked Questions
Q: Does Kangaroo EA really work or is it a scam?
A: Kangaroo EA is absolutely not a scam. It is a verified and legitimate automated trading solution with a long track record of solid performance. The algorithms work but do require proper usage and infrastructure to deliver consistent results.
Q: Can Kangaroo EA trade cryptocurrencies like Bitcoin?
A: No, Kangaroo EA only works on the forex and metals markets currently. It does not support cryptocurrency trading yet. The algorithms are tuned for forex pairs and gold trading.
Q: What trading platforms are compatible with Kangaroo EA?
Q: Is Kangaroo EA fully automated or does it require manual intervention?
A: Kangaroo EA handles the full trade execution process automatically. You only need to monitor performance and ensure the software and infrastructure is working properly. No manual order intervention is required.
Q: Can I customize strategies and settings in Kangaroo EA?
A: Yes, Kangaroo EA allows you to fully customize strategies as per your risk appetite and goals using the EA Builder tool. You can combine indicators, tweak settings and backtest before going live.
Q: What do I need to start using Kangaroo EA?
A: You need a compatible trading platform & broker account, adequate capital of $2000+ and optionally a VPS service. Prior basic experience with EAs is also recommended to properly setup and use Kangaroo EA.
Best and Most Trusted Forex Brokers
Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:
|No||Broker||Regulation||Min. Deposit||Platforms||Account Types||Offer||Open New Account|
|1.||RoboForex||FSC Belize||$10||MT4, MT5, RTrader||Standard, Cent, Zero Spread||Welcome Bonus $30||Open RoboForex Account|
|2.||AvaTrade||ASIC, FSCA||$100||MT4, MT5||Standard, Cent, Zero Spread||Top Forex Broker||Open AvaTrade Account|
|3.||Exness||FCA, CySEC||$1||MT4, MT5||Standard, Cent, Zero Spread||Free VPS||Open Exness Account|
|4.||XM||ASIC, CySEC, FCA||$5||MT4, MT5||Standard, Micro, Zero Spread||20% Deposit Bonus||Open XM Account|
|5.||ICMarkets||Seychelles FSA||$200||MT4, MT5, CTrader||Standard, Zero Spread||Best Paypal Broker||Open ICMarkets Account|
|6.||XBTFX||ASIC, CySEC, FCA||$10||MT4, MT5||Standard, Zero Spread||Best USA Broker||Open XBTFX Account|
|7.||Vantage||ASIC, CySEC, FCA||$50||MT4, MT5||Standard, Cent, Zero Spread||20% Deposit Bonus||Open Vantage Account|
|8.||FXTM||FSC Mauritius||$10||MT4, MT5||Standard, Micro, Zero Spread||Welcome Bonus $50||Open FXTM Account|
|9.||FBS||ASIC, CySEC, FCA||$5||MT4, MT5||Standard, Cent, Zero Spread||100% Deposit Bonus||Open FBS Account|
|10.||Binance||DASP||$10||Binance Platforms||N/A||Best Crypto Broker||Open Binance Account|
|11.||TradingView||Unregulated||Free||TradingView||N/A||Best Trading Platform||Open TradingView Account|
“If you don't find a way to make money while you sleep, you will work until you die.”
- Warren Buffett
MOST POPULAR FOREX ROBOT
Number One Robot for Forex Trading.
Based on Price Action and Trend Analysis with Artificial Intelligence.
Works Best with EURUSD & XAUUSD.
You can use this EA on Multiple Accounts with Life Time Premium Support.
MyFXbook, FxBlue & Live Trading Verified.
Monthly Expected Profit is 20% to 200% with very Less Drawdown.
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