Today I’m taking a closer look at a Forex robot developer that claims their trading system provides constant profits of 200% per month, Forex Profitable EA. My first impressions when it comes to the system, aren’t all positive, as I feel there is certainly something we are missing, because the promises and the returns are too good to be true. It’s very difficult to believe that the developers are able to provide an automated software the table to achieve the numbers being promoted on the sales page.
There is no real information about the creators of the software. It is unknown where they are located, or the type of trading history they have the Forex market. There are rumors that this is the same developer that is behind the Khokon FX systems, which are created by “Lr Khokon,” but I’ve been unable to prove this connection. In order to get in touch with support, traders can email email@example.com, or add forexnewea on Skype.
Forex Profitable EA Review
Sadly, the creators of the Forex Profitable EA don’t feel the need to provide us with much information about the software. We are told that the system can work with any currency pair, and is built for beginners the want to start with as little as $100. One of the main features of the system, is a setting referred to as trend sensitivity, which allows traders to specify how sensitive the expert advisor should react to the movements of trends.
Considering the developers are telling us that this is built for beginners, the last statement about trend sensitivity does contradict that. Changing how sensitive a system reacts to a trend, is essentially modifying the entire strategy. No beginner in the Forex market would be able to comprehend this type of setting adjustment word be required.
Traders can also specify the times in which the EA operates, and there is also a perverse system feature but this isn’t explained. There is very little explained when it comes to the software, and while that may add some sense of mystery, in my eyes it’s a red flag.
- Type: Forex EA (Full List Click Here)
- Price: $199/Year
- Strategy: Undisclosed
- Timeframe: Undisclosed
- Pairs: All
For some odd reason, the Forex Profitable EA team does not provide us with any real information about the strategy, timeframe or pairs that it trades. When these types of details are left out, it’s again another red flag.
In order to acquire the system, traders can sign up for 4 different packages. All of the packages provide the exact same software, but with differences in the amount of licenses provided. Starting at $199 for one license, and going all the way to $599 for unlimited licenses.
On the trading results page, there is a screenshot of a Myfxbook account that is showing a gain of over 200,000% from April 21st to September 1st, 2017. Yet, if you try and click on this image to access the Forex Profitable EA account, it doesn’t work. Thus, it’s very possible that this account no longer exists, or crashed.
In researching further, I found where the Myfxbook account was located, and it’s now just a page claiming that “the user has deleted this system.” Underneath the deleted account, are a handful of comments, with one of them claiming that this is “another big scam.”
This system certainly doesn’t pass the test when it comes to results.
In terms of client feedback, I found a couple of reviews about the Forex Profitable EA, but all of them have been quite negative. The majority of the complaints are about large upsells, that require traders buying into expensive virtual private servers that were never discussed upfront.
From what I can gather from these comments, the developer is providing an EA, and when that EA starts to perform poorly, the developer claims it’s because 32 GB of RAM are required to run it. I’ve never come across an expert advisor that comes anywhere close to even requiring 1 GB of RAM, so it’s possible that this is just an excuse by the creators of the system. This way, they can tell clients that the software works, but only if you pay a ridiculous amount of money that was never disclosed prior to the original purchase.
While I started this review with an open mind, I quickly came to see that this is not the type of system that we should be using here at Forex Robot Nation. The Forex Profitable EA, comes across as anything but. From the trading results, to the client feedback, there doesn’t seem to be an ounce of positivity anywhere online about this service and what it has to offer the Forex community. Be very careful in your pursuit of this robot, and do your best to avoid it until the developer can provide more clarity and information.
Thank you for reading the review, and please leave any comments and questions you may have about this review or any other.