Forex Real Profit EA Review

Forex Real Profit EA (FRPEA) is an expert advisor that claims low risk and successful returns. The vendor claims substantiated long-term results and continuous upgrades to the software. A technical evaluation and statistical probability assessment are used for deciding the orders. This is a fully automated program that does not need manual intervention. According to the info on the official site, about six methods are used to ensure you get good results.  

We could not find vendor-related info, like the founding year, developer team, location address, phone contact, etc. For support, an online contact form is present, besides an FAQ section and a Forum page. 

Forex Real Profit EA at a glance

Forex Real Profit EA functionality

According to the vendor, the key characteristics of this ATS that make it competitive in the market are:

• It uses six different methods that include scalping and breakout methods. 
• The EURUSD and GBPUSD are the currency pairs that this MT4 tool supports.
• This software is designed to be compatible with all types of brokers, including ECN.
• It uses dynamic TP and SL levels and safety SL ranging from 50-200 pips based on the strategy.
• The lot size is dynamic and adapts to the prevailing market condition.
• For the scalping approach, the ATS uses a filter for high-impact news.
• Protective features for high spread and slippage are added.

Forex Real Profit EA trading strategy tests

Although the vendor mentions the use of six different methods, there is no detailed explanation of how each of them works. However, the vendor claims that there is no weekend trading, recovery feature, grid, or martingale methods involved in the strategy. For proving the strategy efficacy, links to a few backtesting reports are given. Here is one of the backtests:

The report shown above is for the EURUSD pair. It used the 15-minute time chart and an initial deposit of $500. For the testing conducted from 2003 up to 2021, the net returns in total were 24360565 and the profit factor was 1.35.

A 59% profitability and 40% of loss trades were recorded, showing the profits were above average for the system. For 9860 trades executed during the testing, the maximum drawdown was 11.51%, which is not high, indicating the strategy was effective.

What about Forex Real Profit EA trading results

A live real USD account authenticated by the Myfxbook site is present on the official site. Here are a few screenshots of the trading stats.

From the screenshots, we can see the MT4 terminal and leverage of 1:500 are used by the ATS. A return of 442% and an absolute profit of 53.87% are present. The discrepancy between the two values looks suspicious. It may be due to the withdrawals or the risky approach used. Other data include 0.05% daily returns and 1.65% monthly returns. 

For a starting deposit of $3,039, the drawdown value is 27.30%, which occurred over a sum of 7955 trades executed from June 2013. Of the total trades, 64% were profitable with the remaining being loss trades. The profit factor value is 1.16, which is considerably lower, indicating a below-average performance. 

Further, the drawdown is higher than 20%, which can signal a slight risk factor that most traders would steer clear of. Additionally, the lot sizes vary from 0.02 up to 0.12, denoting a higher risk. 

User feedback

We found one review on the FPA site, indicating that the performance in live trading is not as good as in the demo account.