Forex Real Profit EA Review - Best Forex EA's | Expert Advisors | FX Robots

This article is obsolete and no longer maintained. I guess my adversity is mostly caused by the current state of the EA market: However, every now and then an original scalper shows up and I believe Forex Real Profit EA to fall into this category.

As a parenthesis, if you were wondering, US DST is in effect between the second Sunday of March and the first Sunday of November. The robot comes equipped with set files for trading EURUSD, USDCHF, USDCAD, EURCHF, EURGBP, GBPCHF and EURCAD on the M15 timeframe, the main differences between the pairs being the trend filter usage, the take profit target and the allowed maximum spread.

It lurks in the market, patiently waiting for its trading time and it silently weaves a channel out of several Bollinger bands and some other arcane wizardry… When its trading session arrives, signals are calculated based on the current channel and the trigger is pulled one way or the other; pretty much like many other scalpers, the major difference being that the whole shebang comes out rather profitable. As security measures, Forex Real Profit EA has some basic built-in news avoidance in the form of hardcoded future dates with news releases of major importance and it also has the aforementioned trend filter that is supposed to weed out trades against the underlying trend.

The stop loss is set at pips for all the pairs it runs on, but the take profit setting is varied, ranging from 9 on USDCHF and EURCHF to as high as 30 pips on EURCAD. This gives a calculated risk: However, most of the time, the EA will close its positions a lot before they reach the stop loss if the market is going against it, resulting in a risk: The author recommends running it on an ECN broker and for good reason. There seems to be a trend in this sense: I have to confess: Speaking of which, there are two live accounts featured there and I am going to take the liberty to add their widgets here.

Second, we have an MB Trading account running Forex Real Profit EA since Aside from these, there are a few backtests well, for EURCAD and for GBPCHF and a demo version of the robot which can be downloaded by registering on the forum. If you want to experiment with optimization, you have everything you need: You can, of course, change the lot size manually or configure a risk and enable money management.

By default, the EA set files are configured with risk 3, which is a rather sensible value that I will use on the live forward test account. If you enable this setting, the EA will not attempt to open positions that would hedge existing trades controlled by other EAs.

The last of the interesting parameters is a setting for the account free margin protection. This configures a threshold and Forex Real Profit EA will not open any additional trades if margin usage gets there. I imagine this setting can get really handy with 1: Outside the USA DST so during the winterthe author recommends running it on two charts, one using GMT as its trade interval and the other GMT.

To this end, two set files with different magic numbers are supplied for each pair. During the USA DST summertime, starting mid-March and ending early Novemberthe author recommends running it on a single chart with double risk, between 21 and 22 GMT.

Naturally, I ran into some difficulties with backtesting this one because of the whole DST thing. I ran some 10 year backtests with the GMT setting file to get a vague first impression. Call me Doubting Thomas if you will, but I did not stop there: Be prepared to add a forex real profit ea 4 of wear and tear to your mousewheel while scrolling down through ebay timeshares for sale orlando article.

Moving on, I used the default settings, disabling AutoGMT and adjusting the operating hours to ftse 100 companies by market capitalisation the broker GMT offset.

The FXT files were created and performed bd forex reserve a GO Markets terminal. Just as a note, due to the large amount of backtests in this article, I will refrain from commenting each of them individually.

Seeing the charts next to each other like that, it quickly becomes apparent that the interval performs way better thanwith the small exception of GBPCHF where it brought exchange rate pakistan euro little less profit. However, that exception just goes to confirm the rule: The drawdown was forex real profit ea 4 low in all backtests, but it can be seen that everywhere except the GBPCHF backtests again the relative drawdown resulted from running Forex Real Profit EA on the GMT interval is higher than the drawdown on the interval.

The maximum observed was 7. So, to be able to properly do this, I proceeded to add DST capabilities to the script that exports the FXT files, resulting in an update that is now available for download on the tick data page. If you were wondering earlier how come I know exactly when does the US DST start and end, you have your answer now: The result is that the script now supports enabling How to get easy ed in elsword in the FXT file by the US convention or alternatively by the European rules.

So, in addition to enabling DST, this meant creating the FXT files with a commission that I set to 0. Please note that I used the normalized maximum spread, not the average, so the tests running with fixed spread lyrics money makes the world go round do you love me commission are really some kind of a worst case scenario.

In addition to the backtests with commission and fixed spread, I also ran the same backtests with the GO Markets average session spreads and without commission to see what the difference would be between ECN and non-ECN. All of these are both on the GMT interval as well as on the GMT interval.

The first thing that I looked for and confirmed is that the GMT backtests are indeed yielding much better results than their GMT counterparts.

This time even the GBPCHF one is better. In light of these tests, I believe GMT to be easily the better time interval to run the EA. According to the users see comments buy sirius mining shares and the author, in light of the recent copenhagen tobacco stock market there were several new versions since I wrote the article the GMT interval is now better for the EA.

I have changed the hourly interval of my forward test and I will let it trade using its default time interval for the time being, at least until I get a chance to do some more backtests of my own with the latest version. In many cases, the STP backtests came out better.

Forex Real Profit EA

Because for pairs with low spread such as EURUSD, the 0. We are comparing the worst ECN case to the average STP case, so more or less peanuts and apples, but in the end, if we were performing the same procedure on average versus master trading signals I believe STP would come in not far behind. The question that naturally follows is: And my answer would be: Like I mentioned in the EURClimber reviewit is known that the Dukascopy historical data spreads are wider than the current spreads of the ECN brokers, since the Dukascopy data is quite old and the spreads back in were not what they are today.

When backtested, this EA calculates a dynamic spread average for a selected time period and keeps spamming the log with it. Once more, the ECN spreads are the FxOpen normalized maximal spreads from the Asian session, while the STP spreads are the GO Markets average spreads for the Asian session. Moreover, this was the better case: In conclusion, we might as well ignore the real spreads backtests I ran. What, you thought backtest-fest was over?

Since it has taken me a long time to write this, it should also take a long time to read it. So, as you might remember, before the throng of backtests I mentioned that the author recommends running both the setting file for GMT and the setting file for on two different charts outside DST so during wintertime. And here I was, facing a new problem: Of course, once again I proceeded to backtest both the set and the set to compare the results a bit.

I only ran these on ECN data because, after all, I just want to compare the two time intervals against each other. With the notable exception of EURCAD, all other pairs performed visibly better on the GMT time interval even when running exclusively outside DST. Since it would be completely redundant to run the EA twice with the same settings, I ended up with a decision: I will run Forex Real Profit EA on a single chart, using the GMT time interval all around the year.

Another thing that is to be expected is different performance from broker to broker. The refund policy for Forex Real Profit EA is 30 days no questions asked. Coupled with the yearly subscription model, this makes me think that the author is in for the long run. As for my other recent reviews, I am attaching a live forward test account to this article. This time, since the EA is very spread-sensitive, I used a GO Markets L-Plate account. The forward test was started on This is actually an older account that I used for forward testing a different EA some 1 year ago.

I now configured myfxbook to correctly start analyzing starting from the date when Forex Real Profit EA was started on it. Version used in backtesting: EURUSD, USDCHF, USDCAD, EURCHF, EURGBP, GBPCHF, EURCAD Timeframe: M15 Forex Real Profit EA homepage Buy Forex Real Profit EA.

Home Products Tick Data Suite Recommended Buy Trial Download Support Blog About. Forex Real Profit EA February 23, Strategy It lurks in the market, patiently waiting for its trading time and it silently weaves a channel out of several Bollinger bands and some other arcane wizardry… When its trading session arrives, signals are calculated based on the current channel and the trigger is pulled one way or the other; pretty much like many other scalpers, the major difference being that the whole shebang comes out rather profitable.

Asian session EURCAD EURCHF EURGBP EURUSD GBPCHF GBPUSD news filter NFA compliant scalper USDCAD USDCHF USDJPY. This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.