The installation process of the FXRapidEA Quattro on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with FXRapidEA Quattro without problems.
FXRapidEA Quattro details
- Gain -98.42%
- Monthly -15.85%
- Drawdown 99.94%
- Days in Live 1039
Main Features FXRapidEA:
Does not trade against the trend
Compatible with all MT4/MT5 brokers
In order to see how the system has been working over a longer period and what to expect from it, it’s best to analyze tests on historical data (backtesting). Below are the backtests for each currency pair.
Information about FXRapidEA Quattro
Trades only by the trend and closes trades which are against the trend
FXRapidEA is designed for trend trading. Using special algorithms, the EA determines a direction of the trend and opens a trade in that direction. Sometimes it happens that before the price moves further along the trend, a slight rollback of the price occurs. In such a situation, the robot opens another order(s) in the direction of the expected trend, for greater profit. In cases when a direction of the Market has changed, and the trades of FXRapidEA are against the trend, the EA CLOSES open trades as they are, often at a loss. When a new trend is formed, the EA opens trades in such a way as to cover all the previous losses. This can happen even several times. That means we always trade by the trend and close trades that are against the trend.
Forex robot FXRapidEA trades rapidly. That means it works in such a way as not to have protracted trades in the Market. On average, trades do not stay in the Market for more than 1-2 days, and often only a couple of hours. This is achieved by using not too large TakeProfit, and trading by the trend, profit goals are reached faster. The EA also closes trades that could cause protracted trading.
Trades rapidly, without holding trades in the Market for a long time. More than 80% of all trades do not stay in the Market for more than 1-2 days
Works on any broker, and doesn’t require specific conditions for effective trading
FXRapidEA has a drawdown control system. This means that if you specify in the settings of the EA that the risk should be, for example, 30%, the system will calculate a lot size in such a way so that the strategy could fully and reliably work with this risk. And in case of an unfavourable situation, if such the drawdown is reached, the EA will stop the loss at the level you specified.
Our EA is compatible with any brokers. It is also compatible with NFA regulated brokers and brokers with FIFO rule. There are no special requirements, so FXRapidEA can be safely used on your usual brokers.
Reliably and accurately limits drawdowns using StopLoss
Fully automated and extremely easy to install and configure
Our 100% automatic robot is very easy to install and extremely easy to set up. Also there is a detailed user manual in set with the EA. If you are not interested in other settings, then we can say to start the EA you will need to specify only one setting - the percentage of your desired risk. Everything else FXRapidEA will be ready to do by itself. To start trading you will need only a couple of minutes to install and configure the EA.
If you have any difficulties or questions, our friendly support team will be happy to help you and give you as much time as you need.
Our Forex robot FXRapidEA trades on 4 currency pairs. Minimum deposit needed for trading is starting from $460.
FXRapidEA DUE trades on 2 currency pairs: EURUSD, NZDUSD.
FXRapidEA QUATTRO trades on 4 currency pairs: EURUSD, NZDUSD, AUDUSD, USDJPY.
Uses up to 4 currency pairs for trading and the minimum deposit could be only $460
FXRAPIDEA QUATTRO: 349$
- Works on EURUSD, NZDUSD, AUDUSD, USDJPY
- 1 lifetime license for any account
- Free lifetime updates
- User Manual and best support 24/7
FXRAPIDEA DUE: 269$
- Works on EURUSD, NZDUSD
- 1 lifetime license for any account
- Free lifetime updates
- User Manual and best support 24/7
We provide a full money-back guarantee during the first 30 days after purchasing. If our EA doesn’t work properly on your account, and we cannot do anything about it, we will return your money. If a drawdown on your account exceeds 35%, we will also initiate a refund process, on condition that you have used our recommended settings and provided proofs of that.
How to install the FXRapidEA Quattro on MetaTrader 4?
What is the profit level of the FXRapidEA Quattro on the real/demo account?
The FXRapidEA Quattro has been able to reach the profit level of -98.42% during the live/demo trading period. These results are proven by one of the respected third-party companies.
What is the drawdown level of the FXRapidEA Quattro on the real/demo account?
The FXRapidEA Quattro has been able to keep the maximum fixed drawdown level of 99.94% during the live/demo trading period.
How much does the FXRapidEA Quattro cost?
The official developer of the FXRapidEA Quattro has announced the price of the FXRapidEA Quattro to be $349.
It's time for a review on FXRapidEA which is one of the latest EAs that’s been represented on ForexStore. The main features of the Forex robot characterized by the developer are that the FXRapidEA does not trade against a trend, it is highly profitable, it trades rapidly and it compatible with all brokers. Let's go deeper into the system's statistics and see if it is true and what's the benefits and weaknesses of this Forex robot.
Basic information about FXRapidEA Quattro:
- Currency pairEURUSD, AUDUSD, NZDUSD, USDJPY
- Number of real licenses1 lifetime license for any account
- RefundIf for some reason the trading on the customer account is different or there is a loss of more than 35% of the account
Conditions for trading:
- Minimal deposit amount$460
- Time frameany
Live performance of FXRapidEA Quattro
Together with the live statistics on the Myfxbook official page, we can also see eight backtests provided by the developer. Here we have two backtests per each currency pair that FXRapidEA works on.
Every currency pair was backtested on 35% risk and 100% risk which shows us how the EA could possibly behave with the different risk settings. All the backtests were made on the basic Myfxbook backtester on the 1H timeframe with 90% accuracy which is okay for this EA because it does not use scalping strategy and doesn't need the precise every tick data for its proper work. All the backtests were made on the three years period quotes data from 2017 to 2020 which is not that bad but it could have had a longer backtesting period for at least two or three more years.
*The backtests are taken from the developers’ website
*The subsequent analysis of the adviser is based on live analytics from the Myfxbook website. We’ll go through the pluses and minuses of the trading system as well as the profit and drawdown analysis.
Drawdown and profitability
Live statistics of FXRapidEA start in December 2019 with the initial deposit of $2000 and we see that it has collected 1039% of gain since then which is very impressive results that prove developer's statements about the rapid nature of trading of this EA. Here we see the average monthly growth of FXRapidEA which is 47.16% per month that also looks really high.
At the beginning of the curve, we see the smooth upward move almost without the drawdowns and losses but things began going a bit worse in April 2020. At this point in the review let's look closely at the drawdown level of FXRapidEA.
The numbers taken from the statistics say that the average drawdown level of this Forex robot is 40.74% which feels high for me. But if analyzing the statistics, we can see that this number is actually the peak drawdown value ever reached by this EA (look at the screenshot below).
We can observe the three highest peak drawdown points in the history of the trading, which took place in December 2019 (33.06%), April 2020 (40.74%), and June 2020 (31.59%). But the approximate average drawdown level of the EA is actually lower.
Taking into account the fact that FXRapidEA has quite a high gain level it is worth saying that the drawdown level of 40.74% should not scare us at all since the profitability/drawdown ratio, in this case, is quite impressive. It is actually around 1:1 which should be considered as a highly profitable trading system.
The drawdown level itself could look really high for some traders but it is important to look at this in the correlation between profitability and drawdown. In this case, we see that the 1:1 ratio is very good and even if we would have lowered the risk by half, we still should have gotten around a 20% drawdown level together with around 500% total gain level which looks like a pretty high ratio including only 7 months period of work.
The FXRapidEA developer obviously replaced the old accounts of both versions of the robot with the new ones. This change, as the developer described, was forced by the fact that the system has faced some problems during trading on the NZDUSD currency pair which lead to the 100% loss on the account.
As the developer described answering the user’s comments on the Myfxbook (look at the following screenshot), the system was set with 100% risk which made it possible to reach the total crush of the accounts. Anyways, the developer replaced the old statistics with another one that has 14 (for DUE version) and 7 (for QUATTRO version) months-long live trading statistics and look very good having the straight upward movement on the graphs.
Now, the live accounts of both versions of the FXRapidEA robot do not have the statistics of NZDUSD currency pair trading. But because there was a patch released to make it safer trading on this currency pair there could be a future statistic on it. Still, it is better to refrain from trading on this currency pair for now. That’s why I recommend not trade with any version of the FXRapidEA on the NZDUSD currency pair until we see new live trading result from the developer. The developer also does not recommend trading with FXRapidEA using 100% risk to be safe from the total loss on your trading accounts which is the obvious rule to trading.
Analyzing the trading charts of FXRapidEA it is hard to say what exactly is the trading strategy of the system. The developer says that the robot trades only by the trend and never against it. That's why it programmed to close the trades even in the loss if they are not following the trend.
As we can see from the graph below the average duration of the open position in the market for FXRapidEA in 80% of the cases would not be longer than 2 days. That is the point where we really see the rapidness of the system. And still, not even holding trades long, the profitability of the system is quite high.
The system makes something around 42 trades per month which means that it doesn't have a day without trading. It probably uses some kind of modified grid patterns but at the same time, it is not true to say that FXRapidEA is a grid system since it closes positions according to its own special algorithm and does not consistently build the grids to close them by take-profit. Also, the system does not raise the lot size constantly. Sometimes lot sizes vice versa decrease during the building of some-kind-of-grid patterns which is totally not consistent with a martingale grid strategy (look on the chart below).
Statistically, the FXRapidEA is a highly profitable Forex robot, that shows a high level of both gain and drawdown which in the ratio looks reasonable and logical. At the same time, we have to admit that the EA has got not only upward moves of the trading statistics. On the Myfxbook account, we see that the system encountered some falls and losses during its trading which is also should be connected to the trading logic of the system, especially to the fact that it closes the trades that are considered to be not following the trend. But all the losses yet again have been recovered according to the strategy logic except once. On May 19, 2020, the EA has encountered a stop-loss on once which wasn't done according to the trading logic of the robot but by the risk level set by the owner of the account.
Still statistically having one stop-loss in 7 months and this high profit the system is also looking reliable. But it still needs to work for a longer time to consider it to be highly profitable and reliable at the same time.
We also have to admit that there are a number of pros of the EA such as compatibility with any broker, NFA regulated brokers, and brokers with FIFO rule. Moreover, the developer promises 30 days money-back guarantee and claims the EA to be designed in such a way, so that you can get the same results as on the developer account. Also, the EA has got one of the main ForexStore achievements which verify that the refund policy is protected not only by the seller but also by the ForexStore market.
In the end, it must be said that the EA has got a risk limit system which is helpful for traders to set the risks lower but in this case, the amount of the initial deposit then should be higher to produce the same rapid trading. And this is the point of this EA – not that much about total safety (still the EA copes pretty well with the losses and security of the account) but more about the rapidness.
Explaining the final marks of this review I start from the price and quality ratio mark where the EA has got 4 out of 5 which for me looks more than okay for this Forex robot. The price for FXRapidEA is not higher than average but I can't give it the full mark because of the stop-loss that took place in the history of the accounts. Still, as for me the quality of the robot is acceptable and deserves its price.
As mentioned in the review the drawdown/profitability level of this EA is actually pretty impressive. It almost reaches a 1:1 ratio which is very good. That’s why FXRapidEA got 5 out of 5 for this.
The live statistics of this Forex robot have held its history for 7 months already which is good but not the perfect period. I consider EA statistic duration to be perfect if it has 12 months or more of the trading history. So here we have 3.5 out of 5.
We have a long list of the backtests for this EA which is good but the thing that made me give FXRapidEA 3 out of 5 for this is that the duration of the backtests is only 3 years which is not enough to give it 5 out of 5.
My own thoughts about this Forex robot are mostly positive. I like the way it works for fast profit as well as the profitability/drawdown ratio of 1:1. But also, I'd like to see if this EA will be that profitable in the longer periods.
I would say that the advisor is interesting and profitable. So far, for half a year there has been only one stop-loss on each of the versions of the FXRapidEA and the profitability covers the losses with a large margin. Due to the drawdown/profitability ratio, the risks could be set quite low and at the same time, there still would be a decent performance. If in the future everything continues in approximately the same way, then the system will also recommend itself as reliable.
At the moment of writing this review, the automated rating system of the ForexStore rated the Quattro version of the EA 7 out of 10 and Due version has got 8.5 points out of 10 which for me looks like honestly deserved mark.
I hope this helps you, traders! I wish you profitable trading and luck on the market!