Forex Real Profit EA Review

This expert advisor was devised with the primary intent of generating long-term profits incurring minimum drawdowns. The creators of this product now claim that this objective has been successfully achieved as over 3 years of third party verifiable profits has been captured by the Forex Real Profit EA (FRPEA) since its inception.

forex-real-profit-ea

The key features of this tool are as follows:

–      This expert advisor performs equally well with any premier Forex broker, including ECNs.

–      Dynamic take-profits and stop-losses are implemented to protect every trade

–      A powerful and well-tested money management strategy is incorporated into the design

–      This product operates by utilizing the fourth and fifth decimal places of quoted prices

–      Includes protection against slippage and large spreads

–      The tool can operate proficiently using just micro lots

–      The FRPEA can trade the currency markets automatically requiring no human intervention

–      The design is structured about four different strategies. Two are intended to scalp the Asian markets while the other two scalp trends through the entire day

–      This expect advisor is not based on the concepts of Martingale or any other such risky strategies.

–      The FRPEA is proficient at trading currency pairs such as the EUR/AUD, AUD/USD, EUR/CHF, EUR/CAD, EUR/USD, EUR/GBP, NZD/USD, EUR/JPY and GBP/USD, etc.

–      This tool does not permit hedging and is NFA compliant

So, does the performance of the Forex Real Profit Expert Advisor measure up to all these bold promotional statements or is it just over-hyped? The following test results and subsequent analysis are presented in order to provide objective answers to these pertinent questions.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now detailed in the following table. In addition, the average values are displayed in the rightmost column.

Test 1

Test 2

Test 3

Average

Total Trades

1178

1176

1186

1180

Short Positions (won)

591

589

599

593

Long Positions (won)

585

583

593

587

Profit Trades

876

874

884

878

Loss trades

300

298

308

302

Largest Profit

$5

$3

$13

$7

Largest Loss

$12

$10

$20

$14

Average Profit

$1

$1

$1

$1

Average Loss

$1

$1

$1

$1

Maximum Consecutive Wins

29

27

37

31

Maximum Consecutive Losses

12

10

20

14

Average Consecutive Wins

6

4

14

8

Average Consecutive Loss

3

2

4

3

 

Key Parameters

A process is now required to aid you in assessing if the Forex Real Profit EA is any good. For instance, will it make you money?  You can achieve this objective by determining its win-to-loss ratio, reward-to-risk ratio and expectancy value. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 74%

2.       Reward-to-Risk ratio = 1

3.       Expectancy Value = $0.48

Consequently, you can anticipate gaining a profit of $0.48 for every dollar risked over the long haul by using the Forex Real Profit EA.

User Comments

A thorough internet investigation did not disclose any adverse comments or reviews about the Forex Real Profit EA. However, some concerns have been expressed about a number of initial glitches that were found in the operational performance of this expert advisor although all this issues have now been satisfactorily addressed..

Verdict

Although this expert advisor produced relatively promising performance parameters, there are a number of worrying aspects about the results generated. For instance, the average profit is quite modest, only $1, which completely offsets the benefits of the impressive win-to-loss (W/L) ratio of 74%.

As a result, the crucially important expectancy value (EV) is dramatically reduced by this poor value so that it only equals just $0.48. If you realize that the tests recorded above were conducted over many months, then this worrisome EV is not supportive of achieving worthwhile profits over similar time-frames in the future. Problems could start arising if volatile or unusual trading conditions materialize causing the FRPEA to start registering additional losses. However, if you are still keen to learn more about this product, you are should do so by following our recommended course of actions.

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