Forex Real Profit EA is an Expert Advisor which is in principle capable to trade many currency pairs, but at the moment the developers recommend to use it only for about 10 currency pairs with particularly high profit chances. The website does not involve any of the usual marketing stuff and also offers a forum in addition to its short EA overview.
Take profit and stop loss limits are dynamically calculated by the Expert Advisor depending on the market situation, a stealth function is available in case the values are not transferred to the broker. Moreover, it is possible to post maximum take profit and stop loss limits as an additional security feature which would come into force if the connection to the broker is disrupted. Based on the recommended maximum take profit and stop loss limits, the risk reward ratio amounts to 10:1, in reality this value should be considerably lower.
Forex Real Profit EA comes with a very useful function for margin protection which prevents the opening of a new order if as a result the available margin would drop below a certain level. A further attractive feature caters for the money management to be based either on the credit amount of the account or on the net assets or on the available margin, simultaneously taking into account the maximum stop loss limit for each alternative.
EUR/AUD, EUR/USD, GBP/USD, USD/CHF, USD/JPY
All sessions - different trading windows for each currency pair.
00:00 - 24:00 GMT
USD 199 per year.
Payment through Click2Sell.
The developers grant an unrestricted right to return within 30 days of purchase which will be paid back through Click2Sell.
The licence is valid for one live account, additional licences are available at a discount of 50%.
A 29-pages manual explains in detail the installation, functioning and set up of Forex Real Profit EA, the input parameters and their impact.
The performance of Forex Real Profit EA is demonstrated, as follows, on an exclusive Pepperstone ECN Live account that has been discontinued, a new follow up IC Markets ECN live account as well as on a live account of the developers.
Forex Real Profit EA backtests for the period 2009 - 2013 are shown below.
EUR/AUD, spread: 3 pips, risk: 3.5%
EUR/CAD, spread: 3 pips, risk: 3.5%
EUR/CHF, spread: 3 pips, risk: 3.5%
EUR/GBP, spread: 3 pips, risk: 4,25%
EUR/USD, spread: 2 pips, risk: 3.5%
GBP/USD, spread: 2 pips, risk: 3.5%
USD/CAD, spread: 3 pips, risk: 3.5%
USD/CHF, spread: 3 pips, risk: 3.5%
USD/JPY, spread: 2 pips, risk: 3.5%
Deutsch / English