SCAM? REAL TIME Artificial Intelligence V.5.0 by Leo23 (EA) Reviews
- The result of the forward test on myfxbook is amazing
- However, it does not produce good results when actually used.
- A forward test on a real account has also been released. However, the period is too short to trust.
What is REAL TIME Artificial Intelligence V.5.0
REAL TIME Artificial Intelligence V.5.0 is a system that has achieved outstanding results in myfxbook.
Previously, the results were published under the name “Deep Neural Network EA V2.6”, but the name has changed since June 2020.
I actually purchased and verified their EA and fund management services.
As a result, no good results were obtained. It was a terrible result.
It’s fascinating to hear that it uses AI and machine learning algorithms.
However, you should be careful about using it.
EA purchase amount & fund management fee
REAL TIME Artificial Intelligence V.5.0 does not have a dedicated home page.
The information is not publicly available and you will have to email developer Leo23 to get the information.
The email address can be found on the myfxbook page.
Below are the amounts I received when I contacted by email.
(Since it is information as of 2019, the amount may be changed now.)
EA purchase fee: about 2000 USD
Fund management fee: about 2000 USD
The payment method is via Bitcoin.
It’s expensive, but if you get the same results as the forward test, it’s a worthwhile purchase.
Forward test profitability/drawdown
■Broker: FXCHOICE Demo account
Start of operation: 2018/8/27
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| 2018 | 5.6% | 71.2% | 30.1% | 145.2% | 44.9% | |||||||
| 2019 | 128.7% | 111.4% | 344.5% | 92.9% | 70.2% | 74.9% | 38.7% | 157.1% | 76.2% | 294.6% | 9.2% | 11.6% |
| 2020 | 8.7% | 5.1% | 120.0% | 8.6% | 3.0% | 1.0% | 5.9% |
| Total rate of return | 926000% |
| Average monthly rate of return | 77.5% |
| Maximum drawdown | 3.57% |
The maximum drawdown is 3.57%, which is also incredible.
A few real account results have been published, but the operating period is very short and it is not credible.
Actual operation results of EA
Regarding EA, it operates with multi-currency pairs of EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, USDCHF, NZDUSD, EURJPY.
With the default setting, the stop loss is 10 pips, and the take profit value is various, and it is about 4 pips to 30 pips.
In terms of results, 10% drawdown occurred after only 3 weeks of operation.
I stopped EA because it was far from the result of the forward test published by the developer.
Actual results of fund management
As for fund management service, 30% drawdown occurred in 2 months of operation.
This is also far from the result of the forward test published by the developer.
It has the characteristic of opening a very large number of positions, and opened about 60 positions a day.
Also, they had a period of no trading for more than a month without any contact. This may be to hide that the trade is going wrong.
Regarding entry, they are only entering o’clock.
(Entry will be made at 12:00, 13:00, 14:00, etc.)
It doesn’t seem to open a position based on any signal.
Forward test environment
The forward test environment is a demo account of FX CHOICE.
The results obtained by the demo account and the real account differ depending on the slippage and execution speed.
From the perspective of EA and fund management transactions, it’s a type of scalping EA with a very large number of positions.
Scalping EA with a large number of positions is very sensitive to the difference between the broker and demo or real account used.
The results on the demo account are very good.
However, please note that this is not a real account result.
If real accounts give good results, they should publish long term results in real accounts.
But the real account results are only short term.
Reliability about the developer (Leo23)
The identity of the developer, Leo23, is unclear.
Please note that if you contact them by email, they will rush to sell you the REA TIME Artificial Intelligence EA and fund management services.
For example, “there are only three EA sold,” “Fund Management is about to expire and you need to deposit now to use it.”
Don’t be impatient with these words. Please be careful.
In both EA and fund management, they require initial payment.
Performance fees are common for fund management services. In other words, it is common to allocate a certain percentage of profits to managers.
If they are confident in their real account results, they should adopt performance fees rather than initial fees.
This point also shows that their business is suspicious.
In addition, all detailed information of the forward test (transaction history and balance) is closed.
The reason for this is explained by the developer, “Because we use machine learning and AI, it makes no sense to disclose transaction history and balance.”
Is REAL TIME Artificial Intelligence V.5.0 a Scam?
The results published on Myfxbook are incredibly good.
However, when I actually purchased and verified the EA and fund management services, I was only losing.
Please note that you will not get the same results as the forward test on the demo account.
You may consider using it if they will get good results for a long time with a real account in the future.
But for now it can only be described as a scam.
