Forex Real Profit EA Review: Things to Consider Before Investing

Forex Real Profit EA

Forex Real Profit EA (FRPEA) claims to provide long-term returns and minimal risk. This FX robot uses technical signals for trade execution. The vendor claims that it executes the precise strategy and uses risk management for limiting risk and increasing reward. There is no info on the company present on the official site. Other than the domain registration info from 2009 to 2021, there are no details on the company like founding year, team member info, location address, phone number, etc. 

The highlights of Forex Real Profit EA

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

Here are some features that according to the developer set this MT4 tool apart in the market:

Money management

The FX EA uses safety SL values ranging between 50 pips and 200 pips based on the approach used. A dynamic SL and TP are used for better returns. The vendor claims that the ATS has achieved an average win of 25 pips and an average loss of 24 pips with a winning rate of 61%.

Dynamic lot size

A dynamic lot size that can be adjusted automatically to the market situation. A decrease in the lot size is automatically done when there is higher or lower volatility than the normal level. 

Protective features

The robot does not use the Martingale, grid, or recovery modes. It uses protective settings to safeguard from large spread and slippage. 

Despite the claims of the low risk and safe features, real trading results indicate a high drawdown and big lot sizes. We are skeptical of the vendor’s assurances.

Trading strategy of Forex Real Profit EA

As per the vendor, the MT4 tool uses multiple strategies including scalping and breakout methods. Other than mentioning lot sizing, SL, and TP levels the vendor does not elaborate on the approach used.

Backtesting reports

A few backtesting reports are provided by the vendor on the official site. Here is a strategy tester report for the EURUSD pair showing testing done from 2003 to 2021.

Backtesting report of Forex Real Profit EA
Backtesting report of Forex Real Profit EA

From the above report, it is clear that the EA had generated a high net profit of 24360565.63 from an initial deposit of 500. For a total of 9890 trades, profitability of 59% was present and the profit factor was 1.35. A maximum drawdown of 11.51% occurred during the backtest, which indicates a low-risk approach. However, the high profits and low risk are not predictive of a similar performance in the backtest.

Trading results in real time

A real USD account using the IC Markets broker and the leverage of 1:500 on the MT4 platform is present on the myfxbook site. 

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, we can see the EA has generated a total profit of 702.46% and an absolute profit of 22.89%. The difference between the two values is too high indicating a risky approach. A deposit of $3,834.53 and a withdrawal of $851.26 are present. The withdrawals done may also affect the difference in the total and absolute profits. A drawdown of 37.56% is present which indicates a risky strategy. 

The daily and monthly profits are 0.07% and 2.16% respectively. For the live account that started in December 2013, a total of 1752 trades have been completed with 56% profitability and a profit factor of 1.20. From the trading history, we can see the lot size used varies ranging from 0.01 to 0.06. The big lot sizes and high drawdown show the strategy used is risky.

Forex Real Profit EA price

Pricing package of Forex Real Profit EA
Pricing package of Forex Real Profit EA

To purchase this FX EA, you need to pay $199 per year. The package includes safe and consistent returns, continuous upgrades, support, and a money-back guarantee of 30 days. When compared to the price of competitor systems in the market, we find this MT4 tool is overpriced.

Customer support

An online contact form is provided on the official site for getting in touch with the company. We could not find other support methods like live chat, phone number, location address, etc.

Are traders happy with Forex Real Profit EA?

We found one review for this FX Robot on the FPA site. Here is a screenshot of the review:

User review forForex Real Profit EA
User review forForex Real Profit EA

From the above user feedback, we can see that it performed well in the demo account but performed poorly in live trading.

Forex Real Profit EA

Forex Real Profit EA
3 5 0 1
FRPEA assures a hassle-free growth of your investment with its professional design. From our analysis of the characteristics of this MT4 tool, we can see the vendor has provided verified results to prove the efficacy of the software. However, real trading results indicate downsides like big lot sizes and a high drawdown. Further, the product is overpriced which is another shortcoming you should consider.
FRPEA assures a hassle-free growth of your investment with its professional design. From our analysis of the characteristics of this MT4 tool, we can see the vendor has provided verified results to prove the efficacy of the software. However, real trading results indicate downsides like big lot sizes and a high drawdown. Further, the product is overpriced which is another shortcoming you should consider.
3/5
Total Score
  • Functionality
    3/5 Neutral
  • Trading Strategy
    2/5 Bad
  • Live Results
    2/5 Bad
  • Customer Support
    3/5 Neutral
  • User Reviews
    3/5 Neutral

Advantages

  • A fully automated software
  • Verified trading results

Disadvantages

  • The strategy is not explained
  • High drawdown and big lot size used in real trading
  • Expensively priced
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