Expert Advisor Magic-Champ II Review

Expert Advisor Magic-Champ II is an EA based in Germany with a long record of success. They have a unique trading algorithm that is designed around risk and money management. While many have thought of Magic-Champ as a good EA but couldn’t get past the price tag, read below for an update on a recent pricing adjustment that will have you excited!

From all indications, Magic-Champ is not a “fly by night” operation. They are a real company based in Frankfurt, Germany and offer support via phone and email. They also provide a very detailed manual to customers, a further indication of their effort in the product. They appear to value transparency, as they are one of the few vendors trading real money accounts. Here is a link to their MyFXBook account.

As they describe below, with their new roll-out they released a basic and pro version of the system:

The BASIC-version is directed to the beginner and newcomer to the MetaTrader automated trading systems. For the experienced and professional user we have developed a PRO-version. It will produce about 30% more trades and also offers more complex money management variants to choose from.

The system would be considered on the lower end of trading frequency compared to other systems, which many view as a positive. The system trades 24/5 and you’ll find it’s only in a trade for a short period of time. One of the drawbacks we’ve seen are the error messages – they are in German! However, a quick inquiry to their support and you’ll have your answer.

Magic-Champ II Claims

1. The Pro version generates roughly 30% more trades and is much more profitable. The Pro version also offers more possibilities of adjustments for money management (adaptive money management, reinvest management)
2. Magic-Champ works better with ECN and STP brokers compared to DD brokers
3. 4.97% maximum drawdown in 4 years
4. Each trade is set up with a Stop Loss right after the trade opening (transmitted directly to the broker). Even if the connection to the broker breaks, the maximum risk of the trade is secured

The Magic-Champ II Package

Magic-Champ II recently announced a big price drop, so it went from an expensive EA with good results to affordable and still producing good results (what a combination!). The prices range from $99-$249 per year (was $1200 for 6 months) depending on whether you want the Basic or Pro version. Finally, they also offer a 30 day money back guarantee.

[Expert Advisor Magic-Champ II Sales Page]

Conclusion – Magic Champ II Review

Despite recent drawdowns, Magic Champ II has a strong record of success through years of back testing and real results. Keep in mind all systems go through periods of drawdowns, that’s where your money management skills come into play! Magic Champ II is a very transparent vendor with strong support. Give it a try and please post your feedback and experiences.