Kangaroo EA Review

Note: See my test results and recommendation at the bottom of this review.

None of the typical hype usually associated with sales pages of forex robot sites is included on the marketing site of Kangaroo EA. The text type is normal and the letter sizes are actually smaller than normal. It is not revealed who the developers or vendors are. The vendors promise consistent and profits (better than other robots) in the long term with limited risk and hands-off trading.

Kangaroo EA Claims

The claims are backed by numerous backtests, one small demo account and one small, four months old real account.

The vendors include a number of backtests in AUDUSD and EURUSD pairs over 4 years, showing ROI of 1690+% (with max. drawdown of 8.96%) in the case of the AUDUSD and 1936+% in the case of the EURUSD pair (with max. drawdown of 16.46%). A downloadable report of 29 pages is available, which includes  all the backtests, results from testing at various levels of risk, as well as analysis of the results and statistics.

The demo account shows ROI of 12.44%/month, 83.07% in total over 6 months. Max. drawdown of 7.57%.
Testing on a live account of $1000. This is the only backing of the claims on alive account and this account is only 4 months old. In this account no stoplosses has been hit and the maximum drawdown has been 2.03%. The accumulated ROI is 28.29% (monthly 6.4%).
It is also running at Forex Peace Army. Where it has accumulated 494.7 pips over 20.6 weeks, with a ROI of 37.51%.

Main features of Kangaroo EA

• It runs “24/7” automatically, no intervention needed
• Currency pairs: AUDUSD and EURUSD
• Runs on all Metatrader4 platforms
• Works with most MT4 brokers.
• Will automatically adjust for different broker types: Dealing Desk, STP, ECN
• Will automatically detect and adjust for 4- or 5 digit brokers
• It contains their propriety Proactive News Avoidance Algorithm (PNA). It allows the robot to know when and what news is coming up. If there is important high-impact news which is likely to change the nature of the market dramatically for the currency pair it’s trading on, the EA will sit on the sidelines and monitor the market without trading. This algorithm is designed to trade with the trend; should strong trend reversals occur, the KangarooEA will quickly change direction of trades.

How does the Kangaroo EA work?

It always trades with the trend. It looks for a continuous trend with a rather steep slope. When it finds a strong and continuous trend, Kangaroo will look for a pullback or retracement before entering the trade in the same direction as the trend. It avoid trading around major news announcements.

The Kangaroo EA package

You could either pay 1499 euros once-off, or subscribe to membership for the fee of 149 euros per month.
For joining you get:

• Kangaroo Expert Advisor Version 6.0 has just been released
• Extensive user manual
• One-click install, get setup in less than 10 minutes
• Free updates of your membership level to their site
• Free updates of future versions of their own Kangaroo EA
• Priority and special discounts to new EA’s
• Special mentoring
• Trade alert service
• Customer service
• 60 day money-back guarantee

My Kangaroo EA Test Results and Conclusion

I am currently testing Kangaroor EA. See my testing stats and account statement on the Forex Robot Testing page. Also visit my Top 5  list or subscribe to my weekly robot testing newsletter.

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