Forex Real Profit Expert Advisor claims to be the most reliable forex robot ever built that can generate long term profit with minimal drawdown. How valid is this claim? Let us find out.
The website is neat and professional. It makes it easier for the user to navigate through options. There is no information about the developers on the website. In the “About” section, it is stated that the robot takes automated buying and selling decisions according to technical analysis and statistical profitability without the need for human intervention. The working method and safety features are also stated in this section.
Forex Real Profit EA Offered plans
The price for this EA is $199 per year. It is not very expensive, but trading systems with lifetime access for one fee are more preferable. The developer offers a 30-day refund policy but you have to get a refund before the end of 30 days.
|Type||Technical Automated Expert Advisor|
|Strategy||Scalping and Breakout Strategies|
|Compatible Platforms||MetaTrader 4|
|Currency Pairs||EURUSD, GBPUSD|
|Recommended Min. Deposit||N/A|
Automated Trading Strategy
Six different strategies are used by this robot. Two of them are for scalping on the Asian section and one is for scalping on trend all day. The rest are three breakout strategies for all day as well. The concept is not bad, but it would be better if there was more information about each strategy.
Forex Real Profit EA provides backtest results on the website which is helpful to understand the operating manner better. The results given there are for the last seventeen years for each currency pair. The backtest was done by using tick data from Dukascopy history database, and real historical spreads. The commission was $8 per lot. You can check the results at the site. All the links to the tests are provided as well.
Forex Real Profit EA Live Trading Performance
Forex Real Profit EA has four accounts on Myfxbook. However, only three of them are still active as the fourth account stopped updating in 2015 and the track record is not verified either on this account. Here, we will discuss the account that is most recently updated.
|Myfxbook Account||FRPEA2_ICMarkets (Real USD)|
|Started||December 11, 2013|
The real account started trading on December 11, 2013, with $2694.53 of deposits. The gain and absolute gain on this account are +683.89% and +29.45% respectively. It has maintained 99.95% equity which is very impressive. The drawdown rate is outstanding as well, only 10.15%. However, despite all this, profit made in the long seven years is $793.47 only. $851.26 was withdrawn from the account and now the balance is $2636.74 which is even less than the deposit. The chart looks pretty reliable because track records and trading privileges are verified. Moreover, no data is private so users can view everything. Lastly, as mentioned earlier as well, the chart is updated very recently.