Expert AdvisorsForex

Forex Real Profit EA Review: Things You Need to Know Before Investing

3 Mins read
3.7

Forex Real Profit EA (FRPEA) is an automated FX trading system created by skilled traders. The vendor assures long-term returns and minimal risk with this system. As an ATS, this FX EA makes use of technical signals for making trade entries and exits. As per the vendor, the MT4 tool uses accurate market analysis, strategy, and risk management features to ensure risks are limited and rewards are maximized. 

Forex Real Profit EA trading strategy

Based on the info provided by the vendor, this FX robot uses technical analysis and statistical probability for accurate trade execution. For the approach, the EA uses 6 strategies of which 2 are for scalping during the Asian session, 1 for scalping on the trend, and 3 breakout methods. An optimized risk and safety SL levels are present for all the methods along with a high-impact news filter. There is no further explanation of the strategies. 

Forex Real Profit EA backtesting report

A few backtesting reports are present under the performance section of the official site. Here is a screenshot of one of them:

Backtesting results of Forex Real Profit EA
Backtesting results of Forex Real Profit EA

From the above strategy tester report, we can see the testing was done on the EURUSD pair on the M15 timeframe. A total net profit of 24360565.63 was generated for a deposit of 500. The testing was done from 2003 up to 2021. A profit factor of 1.35 and profitability of 59% were present. The maximum drawdown was 11.51%. While the drawdown is low, the profits are not high indicating a less than average performance and approach.

Forex Real Profit EA live results

A real USD account verified by the IC Markets broker using the leverage of 1:500 on the MT4 platform is shown here.

Growth curve of Forex Real Profit EA
Growth curve of Forex Real Profit EA
Advanced trading stats of Forex Real Profit EA
Advanced trading stats of Forex Real Profit EA

From the above screenshots, a total profit of 703.09% and an absolute profit of 22.97% are present. The huge difference between the two values indicates a risky approach. A daily profit of 0.07% and a monthly profit of 2.15% show a decent growth rate. The drawdown of 37.56% however shows the strategies used are of a high-risk category. 

For the account that started in December 2013, the growth curve is not smooth with several dips and peaks. A total of 1758 trades have been completed with 56% profitability and a profit factor of 1.20. From history, we can see lot sizes varying from 0.01 up to 0.07 are used. The low profits and varying lot sizes show the strategy used is not effective resulting in a below-average performance.

 Some features of Forex Real Profit EA

Features of Forex Real Profit EA
Features of Forex Real Profit EA

Some of the key features that the vendor focuses on are:

  • The EURUSD is the main currency pair this EA works on, but it also works on the GBPUSD pair.
  • It works with all brokers including ECN, which the vendor recommends specifically.
  • A dynamic SL, TP, and lot sizes are used with the lot sizes adjusted as per market conditions.
  • Protection against large spread and slippage is integrated into the FX robot.
  • It does not use the grid, recovery mode, and Martingale methods, and does not trade during the weekend.
  • A minimum of $1000 is recommended by the vendor for optimal performance.
Total return703%
Maximal drawdown 37.56%
Average monthly gain 2.15%
DeveloperFRPEA
Created, year2009
Price$199/Year
TypeScalping, breakout
TimeframeN/A
Lot sizeN/A
LeverageN/A
Min.depositN/A
Recommended deposit$1000
Recommended brokersIC Markets
Currency pairsEURUSD, GBPUSD
ECNYes

Main things to consider if you invest with Forex Real Profit EA

If you are interested in this EA, then you need to pay attention to:

Money management

This EA uses dynamic SL, TP, and lot size values. A safety SL that starts from 50 pips to 200 pips is placed based on the strategy used. Further, the risk optimization is done using the 17-year backtests and 10 years of live trading results.

Vendor transparency

There is no info on the vendor or the developer team. We could not find company details like the founding year, location address, phone number, etc. The absence of info indicates a lack of transparency.

High drawdown

From real trading stats, we find the system has a high drawdown. Further lot sizes vary and are big denoting a risky approach. The high drawdown and big lot sizes show the risk used is high which can affect your capital.

Pricing details

Pricing details of Forex Real Profit EA
Pricing details of Forex Real Profit EA

To use this FX robot, you have to pay $199 per year. A 30-day money-back guarantee is present. The vendor assures the best support, continuous updates, and long-term verified results with the package. When compared to the price of other competitor systems, we find the price is expensive.

Other notes

Customer feedback for Forex Real Profit EA
Customer feedback for Forex Real Profit EA

We found one review for this FX EA on the FPA site. As per the review, while the system was profitable initially in the demo account, it was not successful in live trading.

Forex Real Profit EA Summary

3.7
Forex Real Profit EA has backtesting results and live trading stats for proving its effectiveness. However, the vague strategy explanation, high drawdown in real trading, and lack of vendor transparency are downsides that you have to consider in the EA.
3.0

Functionality

4.0

Reliability

2.0

Strategy

6.0

Price

5.0

Trading Results

2.0

Vendor Transparency

Pros

  • +Proven live trading stats
  • +Money-back guarantee

Cons

  • -A vague strategy explanation
  • -Lack of vendor transparency
  • -High drawdown
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