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EA Review: SFE Price Action

Today I’m looking at an expensive expert advisor utilizes multiple systems, 15 pairs and 4 timeframes, SFE Price Action. The vendor also provides traders with a managed account (MAM) option, which includes a proposed performance fee of 20%. The main focus of the Forex Robot Nation website is obviously expert advisors, so that will be the main focus of this review today.

The creator of this software is Joel Juanpere. His company is Smart Forex Expert, which is located at office #7128396, c/o OwO, BP80157, Roubaix Cedex 1, France. There doesn’t seem to be any way to contact Joel through his website, but the software is being sold through MQL5, so you can either leave a comment or send him a direct message through that platform.

For more reviews, and a list of top rated robots go here.


SFE Price Action Review

Unlike most expert advisors, the SFE Price Action the system works with different time frames. The developers believe that this allows the software a higher probability of account growth because there isn’t a reliance on a single pair or timeframe. As the name dictates, the strategy is price action based, with no ties to hedging, martingale or grid methodologies. They believe that these types of strategies are too dangerous, and thus they’ve done their best to steer clear of all of these elements.

In terms of settings, the creators of the system want to reinforce a realistic management of internal adjustments. They believe that “instead of trying to find the exact values that fit historical prices of the each pair, the expert uses values that are effective in all pairs.” Essentially, the robot will work on multiple pairs with the exact same settings.


  • Type: Forex Robot
  • Price: $2000
  • Strategy: Price Action
  • Timeframe: M5, M15, M30, H1

The price point for the SFE Price Action EA is much higher than the majority of trading systems in the marketplace. It is currently going for $2000, but can be rented at $180 per month, or $1000 per year. There is also a free demo available, so you can test the software on your own to see if it’s worth the money before actually paying. Personally, I prefer systems much cheaper than this, but that doesn’t mean that this isn’t viable.

Another question I had was about the pairs and time frames. I can’t seem to find any information that this discloses if we are supposed to be running multiple time frames at the same time, because then we wouldn’t have the software open on 60 charts. I assume we just utilize one timeframe at a time, or a couple of pairs and different time frames that we choose.

Trading Results

The main account can be seen on Myfxbook, as it is offered through their AutoTrade platform. This account shows the SFE Price Action software having gained over 430% since August 10, 2015. During this time, the software has traded over 16,000 times which makes for a very active trading software. The largest drawdown is a tick under 20%, while the win loss ratio is very close with the average win being 46.50 pips and the average loss at 40.58 pips. This is a good win loss ratio, it is likely a big part of the reason why Joel believes that his EA can stand the test of time.

The testing account is with IC Markets and currently has a balance of €10473.72.

Client Feedback

There are currently 28 reviews on the MQL5 website, which leads to an overall score of 4/5 stars for the SFE Price Action robot.

While the majority of the comments are positive, there are clients that claim that when the use the same settings as the vendor, they are not getting the same results.

With reviews on both sides of the fence, and many more positive than negative, I am likely to lean more in that direction.


At $2000 the SFE Price Action EA is certainly steep. I believe that there are positive aspects to the system, and that the strategy is certainly well thought out. Yet, I have a very difficult time getting past the large price point. I think the best course of action would be to test the free demo, and then eventually moved to a monthly subscription before considering the full purchase price.

It will certainly help me better voice conclusion if you will leave a comment with your experiences and tests utilizing this EA.

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.


  1. Too rich for my blood

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