Draw Profit EA is a new Forex robot that’s built to generate stable profit in any market conditions while being sure to keep all emotion removed. The developers of the software believe that this is the perfect way for an experienced traders to earn an income through Forex trading.
Today we will be providing review and letting you know if this is a valuable trading system, or something that should be avoided at all costs.
Draw Profit EA Review
The sales page promises traders that the Draw Profit EA will generate profits without the occurrence of any losses each month. That’s really all we are told about this EA. The sales page is very short and does a poor job at describing to us what this robot has to offer the Forex trading community.
We certainly prefer trading systems and developers that spend more time breaking down the strategic elements and informing potential clients. Instead, we will have to comb through their trading accounts to figure out if the robot will have any long-term impact in this marketplace.
- Type: Forex Robot
- Price: $149/2 licenses, $199/3 licenses, $249/4 licenses
- Strategy: N/A
- Timeframe: M5
- Pairs: EURUSD, GBPUSD
The developers claim that their software is the most active Forex trading robot on the market. This is obviously exaggeration because I’ve look at their accounts and while the software does trade frequently, there are robots that do trade more.
For this analysis we have to rely on the developer trading account which is hosted on FXBlue. Myfxbook is preferred, as FXBlue hasn’t always been as effective at stopping fabricated statements from being uploaded.
As we mentioned above, the Draw Profit EA does trade quite frequently. As we look at the account right now, there are 8 open trades and 7 that of already closed today. On average, there are 9.1 trades per day.
As for the results, the software is winning 62.5% of its trades for grand return of over 120% this month. Sadly, the sample size is still very small. The history for this trading account is sitting under just a month as we write this review. Hopefully this software continues to perform at a high level but we will have to watch the software for at least another 2 to 3 months before we can truly understand how it trades and why it trades the way it does.
At this point in time we are going to leave the Draw Profit EA at a 3 star rating. The results statement is very short and there is no real user feedback in this community just yet. If the account continues to grow and we see some real accounts from clients in the Forex robot community, then we will revisit our rating.
In the meantime, take a look at the top rated Forex robots as voted on by our readers. Thanks for visiting, and leave a comment!
I guess no one has gone back and updated this review because if you notice now on the live account stats, it lost everything. Maybe someone should update the review to show the live account is now bankrupted, just saying…
Thanks John. This comment does the trick!
As I said this ea is really dangerous because It is a martingale strategy, right now is has like 50% loosing floating positions which is the same as almost all the gains in 4 months, can happen two thing, can recover the account in the case GBP drops or if goes higher It will kill the account, obviously a professional trader can limit the risk with the settings. But if you are newbie stay away from this ea.
Now it has a negative open floating position of all earnings from the beginning , newbies can now understand the risks of martingale strategies I hope.
We just bought few days ago. The robot did not work on live account.
Draw Profit does not answer emails anymore.
They are just after your MONEY.
I knew this EA by the recommendation of this site FOREX ROBOT NATION.
Larry, next time read the review in full. Nowhere in our review do we recommend this software. We actually gave it a 3 star rating.
Besides, this robot trades with a martingale strategy, sooner or later It will kill any account. Martingale strategies do not work on the long term.
Hi, is it still not working on your live/real account?
This robot is a total fraud, the fx blue live statements are usually manipulated, I know because I bought this thing, thanks that I paid via paypal and now I am in the process to recover my money, don’t fall into this EA
Sorry, one question: did it work on your live/real account?
Yes It did work, but it is still a Martingale system, a very dangerous strategy.
I thought watching the statement, that it was rather a Fibonacci multiplying strategy, like 0.01-0.02-0.03-0.05-0.08-0.13 etc.