Details on the operation of the Forex Real Profit EA:
- FRPEA is a software program that operates on the FOREX market taking automated buying and selling decisions; it operates automatically without the need of any human intervention.
- Working method: The robot uses 6 different strategies, 2 for scalping on Asian session, 2 for scalping on trend all day and 2 breakout strategies, all day also.
- The currencies used in trading are: euraud, eurusd, gbpusd,usdchf and usdjpy.
- The program operates with any broker, ECN included and recommended.
- Dynamic Stop Loss and Take Profit.
- Invisible mode to prevent the non-ECN brokers from influencing the transactions negatively.
- High impact news filter.
- Money Management or fixed lots, option-based.
- Large Spread and slippage protection.
- It operates with 4 and 5 digits after the decimal point.
- It operates even with micro lots.
- It does not use martingale system or recovery mode.
- NFA compliance filter (FIFO / No Hedging rules)
- Automatic GMT adjustment of the trading time.
- It is specially conceived to be used with other Expert Advisors and it has special setting options for this.
- Currency deposit - any
- Average revenue per year at the optimal risk ranges between 40% and 120%, with the reinvestment of the earned capital.
What currency should I choose?
The currencies used in trading are: EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF and USDJPY. It is wise to see the back-test results for each currency pair to see its individual performance.
Can I adjust parameters of the ForexRealProfitEA advisor?
Yes, you can change several parameters & filters depending on your specific needs. All of them are described in the PDF manual. Make sure you set proper parameters and back test the robot with your custom settings before you use it with real money. NOTE: We do advise you to use the default setting for ForexRealProfitEA as they are the best settings we have developed. However, if you think you have found better settings, you are free to use them on your own risk.
What timeframe should I choose?
Our expert advisor works best on M15 timeframe. Read the PDF manual for more information.
How to Set Proper Lot size?
Use lot = 0.01 (one micro lot) for deposits between $ 150 and $ 500 USD and multiply the lot according to your account balance. For example, for a balance of $ 2000 use lot = 0.05 (five micro lots) and for a balance of $ 5000 use lot = 0.1 (one mini lot).
What is GMT offset parameter?
The GMT and Broker GMT offset are automatically calculated (directly from the internet) when the MT4 starts and on the first tick on Monday morning. There is no need to set or change anything due to daylight saving time. The GMT is also displayed on the chart. You can check to see if everything is set correctly by comparing the GMT from the chart with the GMT from this link: http://wwp.greenwichmeantime.com/
What does Magic number mean in the expert advisor?
Magic number is the unique ID number of each advisor to help the system understand which advisor is making a trade if you attach several advisors at the same time. You can use the default Magic Number for all currencies, there is no need to change it.
What is an Invisible Mode?
The Invisible Mode protects you from cheating on the broker side. Using the invisible mode the take profit and stop loss values are not displayed to broker. (The orders are opened with Zero Stop Loss and Take Profit)
- As a paying member you will be licensed to use ForexRealProfitEA on one live trading account, which can be changed for free and unlimited demo accounts.
If, for any reason, you are not satisfied with the product, we can offer refunds for the first installment within 30 days of the payment 100% No Questions Asked Money Back Guarantee!