The presentation looks like something that was abandoned since 1998. The provided information doesn’t answer all of our questions.
The main claim sounds unprofessional – “Let’s Make Some Money!” This looks awkward to speak with the community in this way.
The robot is sold in a subscription-based pack. The price is $199 annually. It’s featured by:
- Safe and consistent profits.
- Long Term Proven Results.
- Continuous Improvement.
- The best support.
- Money-back-guarantee.
Forex Real Profit EA Strategy
There are six different strategies behind the system. Two of them help us to scalp profits during the Asian session. Another one scalps big trend moves all day long. The last three are various breakout strategies.
- The system works with a different number of symbols from two to twelve.
- An ECN account is a requirement to meet proper trading results.
Forex Real Profit EA Features
We have gathered all features in one place. Please, check the following list:
- Forex Real Profit EA executes the deal fully automatically on the terminal.
- An average win and loss are the same – 24-25 pips.
- The win rate is around 61%.
- The EA places different SL and TP from 50 to up to 200 pips. The numbers vary depending on the strategy the system performs.
- The Lot Sizes are calculated automatically based on the available margin, not the balance.
- The system applies different risks for various strategies.
- We are free to use any broker we want. The developer mentioned IC Markets. It’s a good one for scalping.
- The system applied dynamic SL and TP levels.
- It protects itself from the High Impact News periods.
- The system avoids placing orders on the market “if the average daily range or/and the average short term range are higher than maximal limits.”
- There’s a feature that automatically closes deals if the drawdowns overtook a determined point.
- There is Spread and Slippage protection.
- The system does its best to close the deals before a weekend to prevent losses when the market may go wild at past midnight time on Monday.
- There are no risky strategies on the board.
Forex Real Profit EA Backtesting Results
The system is delivered without backtest reports. It’s a significant con because we don’t know how the robot performed on the past data and what we have to expect in the future.
Forex Real Profit EA Trading Results
Forex Real Profit EA works on a real USD account on IC Markets automatically with 1:500 leverage on the MetaTrader 4 platform. The robot uses technical indicator data in its performance. The account doesn’t have a verified track record. It was created on December 11, 2013, deposited at $3,044.53, and withdrawn at $851.26. Since then, the absolute gain has become +663.51%. An average monthly gain is 2.31%. The maximum drawdown is medium – 17.80%.
The robot has closed 1465 trades with 3816.4 pips. An average win is 20.51 pips when an average loss is -20.29 pips. The win-rate for the Longs direction is 51%, for the Shorts one is 59%. So, intel about 61% accuracy is a fake. An average trade length is five hours. The Profit Factor is low – 1.22.
The robot works with EUR/USD and GBP/USD currency pairs. The most-traded is EUR/USD with 1140 deals and $624.35.
The robot focuses on trading the end of the American sessions and scalping during Australian sessions.
The most frequently traded day is Thursday, with 376 deals.
The robot runs the account with low risks to the balance. For losing 10% of the account, the system has to close with losses 57 deals in a row.
As we can see, TP levels are low compared with SL levels. The robot uses Martingale to increase orders’ lot sizes from 0.01 to 0.07.
As you can see, 2020’s trading results look like a nightmare no one wants to experience. It means the robot wasn’t updated for a long time
The last four months were closed with profits.
Forex Real Profit EA Reputation
There’s a profile of Forex Real Profit EA on Forex Peace Army. We’ve got a single review. It’s awkward taking into account how many years the system is live.
The single comment informs us that we shouldn’t expect miracles from the robot’s performance.
Forex Real Profit EA Review Summary
- Strategy – score (4/10)
- Functionality & Features – score (3/10)
- Trading Results – score (3/10)
- Reliability – score (3/10)
- Pricing – score (2/10)
Conclusion
Forex Real Profit EA is a system that can easily trade half a year or even longer, not only without profits but with significant losses. Would anyone want to lose several percent of the account for half a year before the system can make a profit? No one. The subscription-based pricing is high. There are no comments of how well the robot ran real accounts. It’s suspicious. We’d like you to stay aside from it for your best.
