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 looks for small movements in price.
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 use 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 Profitable FX EA is fully customisable allowing you to adjust the settings and sensitivity of the strategy to suit 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 your needs. A magic number feature allows you to simultaneously trade multiple currency pairs and time frames should you wish.
Profitable FX EA Back Testing
Due to the nature of the Profitable FX EA is not actually possible to back test.
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
The Profitable FX EA requires no trading experience 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. It comes with lifetime supports, free updates and a 60 day money back guarantee. Visit the Profitable FX EA website for more information.