The Forex Real Profit Expert Advisor is based on live trading proof, hence the name “real”. This EA works on Metatrader4 platform. According to the trader, this EA does not have any restriction about the currency pairs. You can adjust the GMT of the trading time automatically. It has dynamic Stop Loss and Take Profit. Trend filter, volatility filter and high impact news filter are available in this EA. It has the option based on Money Management or fixed lots system. You can also trade with micro lots. It does not use hedging or martingale system or recovery mode. The trader updates the software with new trading strategies. This EA already has two versions (FRPEA v5.xx and FRPEA v6.xx).
FRPEA has the following features:
- Metatrader4 platform
- No restriction about the currency pairs
- 10 years back test
- Dynamic Stop Loss and Take Profit
- EURUSD : Profit factor 2.89, Maximal drawdown 9.23%
- EURGBP : Profit factor 5.87, Maximal drawdown 4.57%
- EURCHF : Profit factor 5.87, Maximal drawdown 5.74%
- USDCAD : Profit factor 3.16, Maximal drawdown 7.09%
- EURCAD : Profit factor 4.15, Maximal drawdown 6.95%
- USDCHF : Profit factor 5.50, Maximal drawdown 5.05%
- GBPCHF : Profit factor 12.37, Maximal drawdown 12.36%
The 10 years back test is given below which is manged from the EA developer’s site:
Let’s take it to the lab and see how it goes…
Currently running Real Profit EA on Alpari UK using 2 (EURUSD/EURAUD) of the 11 available currency pairs (after research showed these pairs to be much more profitable than the other). Testing started on 9th July 2012. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 4715.73 | |||
| View our Real Profit EA Demo Test Statement | ||||
Lab Result:
very small monthly gains!and has a dd bigger than monthly gains!is this what ea’s are only capable of? will stick to manual trading it think.1 to 1 RR ratio or better and very low risk.is it impossible to design an ea that simply does what day trading can acieve?