In this post I will be reviewing the Forex Real Profit EA. The first thing that strikes me about this particular forex robot is that it actually refers to itself as an expert advisor (EA). Now, for those who do not know, a forex expert advisor is the same as a forex robot, it just uses a different name. When developing and testing automated forex trading systems in the MetaTrader trading platform, they are actually named expert advisors.
Forex Real Profit EA Strategy
Forex Real Profit Expert Advisor uses 5 different strategies which includes 2 scalping during the Asian session, 2 scalping with the trend throughout the day and finally a breakout strategy. This shows diversity for different market scenarios.
It has been designed to trade up to 10 currency pairs: EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF and USDJPY.
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Forex Real Profit Expert Advisor has a dynamic stop loss and take profit, major impact news filter (especially useful during NFP every first Friday of the month when news can have a huge impact on price movement), use risk or lots option, maximum spread and slippage. There are no martingale strategies implemented and no hedging is required. Auto GMT feature is built in.
Forex Real Profit EA Back Testing
There are some back tests using tick data to achieve 99% modelling quality.
Forex Real Profit EA Live Results
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Forex Real Profit EA Summary
Forex Real Profit Expert Advisor does not require any prior trading experience or knowledge of MetaTrader 4 to be setup and running this fully automated forex trading system. It includes setup instructions and dedicated support that respond very promptly. What’s more is that they offer a money back guarantee if the results do not meet your expectations. They also have a forum for users to communicate with each other and the developers. Head on over to The Forex Real Profit Expert Advisor website if you want more information.