Plug-In Forex EA is a Forex robot that’s been built to automatically win 90% of its trades every single month. The developers consider their system to be a simple and proven to work Forex trading system that starts sending unlimited profits instantly. Sounds like many sales pitches we’ve heard in the past.
Today I’ll be providing a review so that the Forex robot nation readers understand if this is a viable trading opportunity or something we should avoid.
Pairs: EURUSD, GBPUSD
Plug-In Forex EA Review
The developers of the Plug-In Forex EA tell us that this is the exact system multimillion dollar traders use every day to get the unfair edge and get over-sized PIP gains from the Forex market. There really isn’t any proof of this and the results they provide are on a $2500 account which is far from a million dollar trader. This account has been running for over 100 days and shows a total return of 74%. During this time the software is lost $3500, and profited $5300 for net gain of $1800. There is no live account at this point in time, just a demo account on FX blue. I prefer monitoring results on my FX book as I find it easier but this will have to do because it’s all that we have access to.
We can see that the Plug-In Forex EA is also being tested by FPA and has been steadily gaining in their tests as well. The results they are showing appear to be the same results we see on both sites actually. It looks like the software wins trades from 10 to 30 pips while the losing trades are often well over 100 pips. This isn’t exactly the type of risk reward ratio that I recommend.
As of right now I won’t be recommending the Plug-In Forex EA to the Forex robot nation readers. There are some elements of this strategy I like, and others that I believe they have to work to strengthen. I may try testing the system myself but in the meantime I would like to hear more from the community to see if we can diagnose results from more than just a couple of sources. If you have something you would like to add to this review now would be the time to leave your comments and questions. Thanks for coming to Forex robot nation and I hope you have a wonderful afternoon.
Looked at their Website 4/4/2016
The figures are shocking
Monthly return -76.5%
R/R Ratio -7.04
Looks like a dud, avoid
So far this EA on a trial run of 7 days has had all winners and two loses. Also the price has gone up from $79 to $119.
I fear when things go wrong, than there is a chance of losing your trading balance.
I have been using the trial version for a week, and it has won all the trades with the exception of one.
My concern with this type of Ea trading is that it uses Martingale (doubling up of lost trades), it could wipe away all the trading balance.
Hi Phil, I understand, I also prefer to avoid martingale Forex trading.
This one has been out for a little while now. Anyone have some results they can share please?