In this post I will be reviewing the Profitable FX EA. This is an Expert Advisor (forex robot) for the free to download MetaTrader 4 trading platform. It can give you the signals to manually place the trades or you can set it to fully automated to do all of the trading for you. This is a high frequency forex robot that takes small profits based on small movements in price. The developer claims it can work in any market condition and make around 5,000% gains per month. These are crazy gains but making only a minor fraction of those claimed gains would be fantastic. One thing I will say however is that it is a must to be using a true ECN forex broker for this EA to be profitable at all. Slippage and spreads could be a major problem otherwise as it only scalps a few pips or less. However, there are some very impressive results published on the Profitable FX EA website that do back up the developer’s claims. They even provide investor access to multiple trading accounts so you can login and view the results for yourself.
Profitable FX EA Trading Strategy
The Profitable FX EA trades very aggressively with a very large quantity of scalping trades across multiple currency pairs – you can choose any pair to trade from the majors or more exotic currency crosses. It trades counter trends using price action analysis to determine market movements for quick scalping trades. Personally, I would go for one of the more major pairs due to the more favourable spreads and liquidity. This forex robot does require the perfect trading conditions for which I would highly recommend a regulated true ECN forex broker for low spreads and plenty of liquidity to ensure fast execution with minimal slippage. It can run on any time frame and even trade stocks and metals. The results I have seen on the website are primarily trading on currencies so my advice would be to stick with them unless you have the experience and knowledge to test otherwise. In saying that, the Profitable FX EA is fully customisable allowing you to adjust the settings and sensitivity of the strategy to suite your requirements. It is also ready to use straight out of the box with no modifications and pre-set files are included. Money management can be adjusted to make it lower risk by turning off the lot increasing mechanism. A magic number feature allows you to simultaneously trade multiple currency pairs and time frames should you wish – just be aware that the more pairs you trade the more overall risk exposure you will have on your account so ensure that you adjust lot sizes accordingly. Another useful feature is the maximum equity loss setting to protect your account that will cease the EA from trading if it loses a specific amount set in the settings.
Profitable FX EA Back Testing
Due to the nature of the Profitable FX EA is not actually possible to back test but there are many live verified accounts (with investor access) available on the website so we do not necessary need back tests in this instance.
Profitable FX EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Profitable FX EA Summary
No doubt that the Profitable FX EA can make a ton of profits fully automated but it does require special trading conditions to do so. There is no trading experience required as it is a complete set and forget automated trading solution. Simple to follow instructions are included so you can be setup and running with the Profitable FX EA in just 5 minutes. There is no minimum balance required to start trading with this robot and it can grow accounts fast. Therefore, you can potentially make good profits from a deposit as small as $10 and trading just 0.01 lots. The gains can be huge provided the slippage and spreads are not too detrimental to its success on your chosen broker. It comes with lifetime supports, free updates and a 60 day money back guarantee. Visit the Profitable FX EA website to see some real live verified trading results and to download your copy. You will also find many positive customer testimonials from satisfied users.