In this post I will be reviewing the Comeback Kid EA. This is an automated forex trading strategy that has been programmed to run in the popular forex trading platform, MetaTrader. You can download MetaTrader free of charge from most forex brokers. It is worth mentioning that you will need the desktop version of the MetaTrader platform in order to run forex robots.
This is another forex expert advisor from the Responsible Forex Trading developer. I have reviewed some of their other forex robots including the Ranger EA, Sharpshooter EA, Powerhouse EA and the Vigorous EA.
You can load the Comeback Kid Manager EA onto the charts in your platform and it will constantly scan the forex market for trading signals using the built-in algorithm. When the expert advisor determines that there is an opportunity for trade, it can enter the market and manage the position on behalf of the user. Whilst this may seem like an attractive proposition for those who do not have the time or knowledge required to trade manually, there are some key advantages and disadvantages to be aware of.
In this The Comeback Kid EA Review, I will be taking a look at the automated forex trading strategy that it implements, along with any back tests provided by the developer and most importantly, real verified account results. Hopefully, this can help you to decide if this is a forex EA that you would consider using on your own forex account or not.
The Comeback Kid EA Trading Strategy
The Comeback Kid Manager EA is half EA and half trade manager. It’s able to you place and mange trades on auto-pilot. You can use the onscreen buttons to intervene with the EA to achieve a creative combination of manual and automated trading. This is a unique selling point but you could technically do this with any forex EA by simply turning off trading when an expert advisor finds a signal and have the software send you a signal alert instead. You could then decide if you would like to take the position in the market or wait for the next signal to comes along.
The Comeback Kid Manager EA has another feature that attempts to try and recover from losing trades by managing them into a small profit or break even. The user has a lot of control on how and when they would like to try and increase potential pips gained on good trades and recover bad or losing trades. Just keep in mind, this is not a guarantee that the Comeback Kid Manager EA will recover all losing trades. There may be instances where bad trades get worse, which can cause significant drawdowns if you are not careful. It is therefore imperative that you understand how this feature works and try it on a demo account for a sustained period of time until you are sure.
For me personally, I would much prefer to cut my losing trades short. I would not want to increase the chances of getting my account into another bigger hole, but every trader is different so do what works for you. I would instead look to secure my good trades with a break even at the entry point and then move the stop loss using a trailing stop. This would give me peace of mind whilst allowing me to try and capture the most from each move. There will be some trades that get taken out early by the break even or trailing stop, but it is important to keep good trading discipline and stick to the trading plan when using this or any other forex EA for that matter.
The robot developers have many years of experience so have combined what they think are some of the best money management techniques to for long-term trading. However, what they feel is good for them, may not necessarily be good for you. Therefore, you will need to check all of the settings to ensure you feel happy with them and adjust where required.
The Comeback Kid Manager EA is capable of running completely on auto-pilot. There is no need to use the trade buttons unless you want to which I think is very important to maintain some control over your trading. The human eye can catch things happening in the forex market that a trading algorithm cannot. They can often be too rigid which is where human intervention can help to keep things under control.
Users can trade a 5-indicator system on complete auto-pilot. This is a trend trading system that gives you possible entry’s after the trend has a pullback. After you take your trade/trades, the EA will handle the rest. It has the ability to close each trade or group of trades in profit/loss based on preference.
The Comeback Kid EA has the ability to use an averaging-in flex-grid system focused around key S/R resistance points to recover bad/losing trades. It doesn’t blindly take grid positions. It takes them when the built-in indicators determine that price is most likely to move in the right direction. Regardless, grid trading forex is still very dangerous in my personal opinion so please make sure that you understand how this works before you even consider the Comeback Kid expert advisor or any other forex robot for that matter.
The Comeback Kid EA Features
The Comeback Kid EA was created as an “all the trader needs” trading package. It was developed as a tool to further improve your own personal trading and ability. The Comeback Kid Manger EA targets the trader looking to profit more while getting their life back by spending less time staring at the charts.
- Part Robot, Part Trade Manger – The Comeback Kid EA is able to compliment any style of trading using its built-in trading system & risk management
- Can Trade Any Currency Pair or other Asset Class – Its strength is trading on many different assets or pairs
- Built-in Trade Recovery – Has the ability to try and recovery bad/losing trades with an intelligent averaging-in system that works in collaboration with S/R
- Only requires 5-10 minutes a Day – If you can dedicate as little as 5-10 minutes a day, you can use the Comeback Kid EA Manager.
- The ability to use single order, multi-order, flex-grid trading money management
The Comeback Kid EA Back Testing
When it comes to choosing a forex robot, I like to check to make sure the developer has provided back tests that show how the forex expert advisor may have traded over a good amount of historical data across various currency pairs. This can help us to understand how the automated trading strategy works and performed over different market conditions. Of course, historical performance is by no means any guarantee of future results, but it can be a good way to get a rough idea of what we might expect.
You will find some Comeback Kid Manager EA back tests on the website that can be downloaded. They use 99% modelling quality which is always good to see as it means the developer has used tick data. They also use real variable spreads but it is not clear if the back tests have accounted for commission fees or slippage which may have had a big impact on the overall results.
That being said, I am actually very impressed with the back tests provided as they cover a large amount of historical data spanning over 18 years. Not only that, the Comeback Kid EA has been back tested on various trading instruments including gold and forex currency pairs, showing stable performance. It is also nice that the developer has combined all of the back tests into one handy portfolio for review.
The Comeback Kid EA Results
Whilst back tests are useful to some extent, the most important thing to look for in a forex robot in my opinion are real account results. This would enable us to see exactly how the Comeback Kid EA has been performing through recent market conditions. That way you can determine if you are happy with the various statistics such as profit factor, drawdown, average win, average loss, trade duration, trading volume and more. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
The Comeback Kid Manager EA developer has shared a Myfxbook verified account showing the latest Comeback Kid EA results. However, it is only a demo account which is slightly disappointing. I think they could improve by sharing real verified account statistics like some other forex robots do, including the Forex Robotron EA. This way we could draw a more accurate conclusion of results. I do wonder why the developer does not show a real live account running this expert advisor considering the work that they have put into developing it.
The Comeback Kid EA Summary
Overall, I like the unique concept behind the Comeback Kid EA. It is rare to find a forex expert advisor that combines automated trading with manual intervention. This brings a certain flexibility to trading with the best of both worlds. You get the understanding, knowledge and experience that comes from manual trading along with the convenience of automated trading. However, the better the trader, the more potential pips and less drawdown they will have using The Comeback Kid. The less bad trades you make, the less the EA needs to work to recover the trades that run against you.
Thus, I think this should only be treated as a trade manager EA and I do not feel it is that suitable for beginners or anyone looking for a completely hands-free solution. If that is your case, then you might want to consider another fully automated forex robot instead, such as the Forex Flex EA.
If you would like to give the Comeback Kid Manager EA a try, there is a free demo version. You could even run it on a demo trading account to get a feel for how it trades without taking any risk. I would always test a forex robot on a demo account to begin with. Just keep in mind that demo account results can differ compared to live accounts. This is due to factors that can be different between a simulated and real trading environment including liquidity, slippage and spreads.
To use the Comeback Kid EA, you will need an account with a forex broker. With so many forex brokers to choose from nowadays, it can be had to decide which is the best forex broker for you. From my many years of experience in the forex industry, IC Markets are one of the best forex brokers when it comes to manual and automated trading. This is because they have tight spreads, low commission fees, reliable execution speeds, multiple funding options and excellent 24/7 customer support.
You can find out more about the Comeback Kid Manager EA by visiting the website using the link below. It does come with instructions, full support, free updates and a money back guarantee.
Comeback Kid EA
$497
Pros
- Combination of Trading Strategies
- Automated & Manual Trading In One
- MetaTrader 4 & MetaTrader 5 Platforms
- Customisable Settings
- Verified Results
- Back Tests
- Detailed Instructions
- Full Support
- Free Updates
- Money Back Guarantee
Cons
- Demo Account Results Only
- Requires Some User Input
- MetaTrader Platforms Only
- Not Ideal For Beginners
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
