In this post I will be reviewing the Draw Profit EA. As the name suggest, the Draw Profit EA is an “expert advisor” or “forex robot” if you prefer developed to trade fully automated on the MetaTrader 4 trading platform. It is suitable for both novice and advanced forex traders.
Draw Profit EA Trading Strategy
The Draw Profit EA incorporates a unique strategy which tries to adapt to a wide variety of market conditions. It trades on the 2 of the most liquid and popular currency pairs which are the EURUSD & GBPUSD. This can help with trading conditions when considering the spreads and liquidity provided by these pairs, especially on an ECN forex broker.
The Draw Profit EA works on the 5 minute charts and is ready to use with the default settings straight out of the box although you can perform optimization if you have the experience to do so.
Draw Profit EA Back Testing
There are no back tests on the Draw Profit EA website which is disappointing.
Draw Profit EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Draw Profit EA Summary
Overall, I like the fact it trades on the EURUSD and GBPUSD currency pairs due to the favourable trading conditions of them in terms of spreads and liquidity (execution speeds). It comes with detailed instructions, full support, lifetime updates and a money back guarantee.