EA Legit

Unaudited seller listing — lab verdict pending

Untrusted tick model

This listing is built from seller materials. Lab replay not yet executed. Lab, audit, live tracking and verified reviews stay empty until we compile and run real-tick replay.

Submit source if you own this EA
Seller price $200

Curve replay

Backtest vs lab reality

Zero corroboration
Seller marketing curve (claimed)Lab replay not run

Execution engine locked

Real-tick replay has not run for this listing.

Claimed profit factor

— (marketing)

Real-tick PF

Pending

Seller price: $200

Submit source if you own this EAView on MQL5 ↗

Folks Hedgefunds EA1.0

Developed byManpreet Singh4 EAs on record
View on MQL5 ↗
Not testedGridMartingaleMulti-currencyAUDCAD / NZDCADM15 / M1 / M5MetaTrader 5

Seller claims

grid yes · martingale yes · SL no

EALegit summary — unaudited listing

Folks Hedgefunds EA is a MetaTrader expert advisor that trades two currency pairs simultaneously (AUDCAD and NZDCAD) from a single chart attachment, recommended on the M15 timeframe with adjustable signal coefficients for M1/M5. It offers three strategy modes: aggressive (default) and intermediate modes use a grid system with configurable pip gaps, while conservative mode disables the grid. Position sizing uses a lot multiplication factor that increases lot sizes after a set number of trades, and a forced-close function can close all open trades when global profit reaches a defined threshold. Risk is managed through profit targets in pips or money, a forced-close trade-count trigger, and optional time/weekday filters; no explicit stop loss is described.

Lab results

No lab results. The seller's backtest has not been reproduced.

Submit source if you own this EA

Source audit

Source not audited. We have not seen this code.

Full audit report

Verified seal

Not tested yet — no seal.

Forensic deconstruction

Risk radar & heuristics

Heuristic confidence: low (seller materials only)

Parameter risk scanner

Flags inferred from seller inputs and claimed settings. Not a code audit.

Martingale
yes
Grid
yes
Hard stop loss
no

Transparency index

Independent lab file versus marketplace binary.

0 files

Closed binary / seller listing

Marketing integrity

Promotional claims are not lab results.

Seller backtest untrusted

Limited copies · Price increases

Seller documentation

Extracted from the MQL5 listing
Assets
AUDCAD, NZDCAD
Timeframes
M15 / M1 / M5
Strategy
Grid
Platform
MetaTrader 5

Screenshots

Seller-published images, stored as captured. Not EALegit test output.

Reviews

No reviews yet.

Not tested. Lab, audit, live tracking and verified reviews stay empty until we run this EA.

Submit source if you own this EA

Independent inquiry

Forensic FAQ

Is Folks Hedgefunds EA legit?

Unknown. EALegit has not audited Folks Hedgefunds EA. A listing is not a verdict that it is legit.

Has EALegit independently reviewed Folks Hedgefunds EA?

Not yet. Listing is seller materials. The owner can submit source from For developers.

Does Folks Hedgefunds EA use grid or martingale?

Seller materials mention grid and martingale. Not audited — we have not confirmed the code.

Can I trust the seller backtest?

No usable seller baseline is published and we have no lab replay. Treat the seller backtest as untested marketing.

Related EAs

View catalogue

Independent verification

Hold this developer accountable

Manpreet Singh listed this EA. The owner can submit source if they want the lab to compile and replay it on real ticks.

Submit source if you own this EADeveloper profile