Forex Real Profit EA Review｜Good? SCAM?
ForexRealProfitEA is an EA that has started forward testing since 2010. This EA has a relatively long history.
The price is not a buyout. You need to pay $ 199 per year.
Is it worth using this EA for a fixed cost?
Basic information of ForexRealProfitEA
Trading Features of ForexRealProfitEA
The sales page states that this EA uses 6 trading strategies. 2 of these are scalping in Asian sessions, 2 are scalping in trend markets, and 2 are breakout strategies.
Of the 6 trading strategies, the breakout strategy has the most impact on profit and loss.
Because the scalping strategy has a small number of loss and profit pips, the breakout strategy has a greater impact on total profit and loss.
When the price moves greatly and suddenly, it will enter in that direction.
Breakout strategy means entering at the timing beyond the latest high and low borders.
However, this EA appears to be entering when the price suddenly moves, not when the price is beyond the border.
This EA will be entered when the price suddenly moves around 20-50pips.
Therefore, I think that it is not a “breakout strategy” but a strategy that uses “rapid movements in the market”.
(The actual detailed transaction logic can only be understood by the developer)
the price continues in the same direction after entry. However, there are many times when the price actually moves backwards and loses.
High-risk grids and martingales are not used.
When checking the transaction history, the position may be divided and opened at the same time. However, it is not a grid trade.
Live performance of ForexRealProfitEA
The results of some forward tests with some brokers are published on Myfxbook.
The common result of ongoing forward tests is that the EA has been losing more than a year since June 2018.
There is no big drawdown, but at least no profit.
Scalping EAs and EAs that use rapid price movements will not be profitable if there is a change in price movements.
EAs that use scalping and rapid price movements are delicate.
ForexRealProfitEA has started a forward test since 2010.
Few EA vendors have been doing forward testing since long ago.
And since 2010, EA has been able to overcome the stagnation period and continue to produce good results.
Will this EA overcome the stagnation period that has continued since June 2018? Or will it stay stagnant for a long time?
We should watch the situation.
Pricing of ForexRealProfitEA
Expected monthly profit rate using ForexRealProfitEA is about 2%.
Expected monthly profit margin using ForexRealProfitEA is about 2%.
Since this EA is an annual contract, it will be necessary to pay $ 199 one year later.
If you pay $ 199 from the profits earned by this EA, there is almost no point in using this EA.
If you use this EA for an amount larger than 1000 USD, the annual contract fee may be compensated early.
However, there is a risk that the scalping EA will be unable to win if the trading lot is increased with a large balance and the execution is delayed.
This vendor doesn’t do forward testing with large deposit sizes.
Conclusion of ForexRealProfitEA
ForexRealProfitEA is a unique trading EA that uses six strategies. Grids and martingales are not employed. It is also a good point that there is little drawdown.
However, according to the forward test results, the drawdown period has continued since June 2018.
Scalping EA and the type of EA that rides on rapid price movements have the feature that they cannot win if there is a change in market price movements.
In recent years, the number of scalping EAs in Asian sessions that had been profitable has been stagnant in recent years.
It is difficult for EA to continue to win for a long time.
The monthly profit margin that can be expected with this EA is only about 2%. Nevertheless, to use this EA, you must pay $ 199 annually.
With a small deposit amount of less than 1000USD, we cannot even cover the EA usage fee.
Fixed costs are very troublesome.
Do you feel like betting over 2000USD on a stagnant EA? I will not
We should observe if this EA regains profitability again.
However, we should judge carefully whether it should be used even if it returns to good condition.
It does n’t matter, but I ’m scared of the face of the vendor ’s sales site.
Vendors should change this slightly scary photo…..