An automated forex system that may be configured to spread trades across a basket of currencies…
Forex Real Profit EA combines verified trading results with a trading robot designed for long term profit with minimal drawdown. Development of the EA is continuous, with the latest version, V6 now in operation. The EA’s track record now stretches beyond 24 months of Myfxbook verified results:
Using MB trading:
Using Pepperstone Razor Account With Version 5:
Using Pepperstone Razor Account With Version 6:
FRPEA is another Asian scalper, although it also places trades outside this session. It trades any currency pair that the brokerage you place it with offers. It operates on the 15 minute time frame, and employs a news filter much like the Kangaroo EA does, which is to say that the intent is similar: to keep the trader out of the market at times of potentially dangerous news announcements.
Once more the vendors claim the program operates on any broker, and once more I’m inclined to suggest that you do your research and only place it with a trusted brokerage on a very tight spread account. This is important for any scalping strategy. If you check out the three accounts linked above, you will see that it operates more smoothly and with potentially more profit on the Pepperstone Razor accounts than it does on the MB trading account. I suspect this is because the Pepperstone account has some of the tightest spreads available.
There are numerous options for customising and configuring the EA, including the ability to choose different money management options and the ability to work in sync with other forex robots.
Two other nice features that the Forex Real Profit EA includes:
- A forum for members to get together and discuss trades, ask questions, discuss brokers on VPS services etc
- A free demo version which can be downloaded and trial prior to purchase.
All up, this robot makes it into the review section for automated forex trading options based on the following criteria:
- the robot must have a verifiable track record and
- it must trade as far as possible, in a safe manner.
The fact remains that most EA’s, in fact the vast majority, fail this simple test. Forex Real Profit EA is one of the few that – so far – doesn’t.