Trading style: scalping, mostly during the Asian session but to an extent also during the day using various TP and SL targets for each of the 11 pairs it trades. The EA uses a news filter to avoid potentially dangerous situations.
Currency pairs: AUDUSD, EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPCHF, GBPUSD, USDCAD, USDCHF, USDJPY
Timeframe: M15
Price: $199/year (demo version available; free licenses available with IB deal)
License: 1 live account, unlimited demo accounts
NFA compliance: yes (special setting)
Refund policy: 30 days
Read more at the Forex Real Profit EA website

Buy Forex Real Profit EA

Note: this forward test is running v6 and it was started due to the very large differences between v5 and v6 (the latter uses several new strategies and trades 24/7). The older forward test (started when I posted the Forex Real Profit EA review, early 2011) is still running v5 and will continue to do so for as long as v5 is supported by the vendor.

Birt’s forward test

Settings: default (including risk 3)
Started: 10.04.2012
Broker: PrivateFx
Account type: live, micro
Starting balance: $300
Current version: 6.06

Forex Real Profit EA v6 forward test PrivateFx
Older forward test

Settings: default, risk 5
Started: 23.02.2010
Broker: GO Markets
Account type: live, micro
Starting balance: AUD 96.30

Forex Real Profit EA v5 forward test GO Markets

Official accounts

Settings: unspecified
Started: 15.04.2010
Broker: MB Trading
Account type: live
Deposits: $3596
Note: this account is running both v5 and v6.

Forex Real Profit EA v5 and v6 official MB Trading account


Settings: unspecified
Started: 19.05.2011
Broker: Pepperstone
Account type: live (Razor)
Deposits: $709
Note: this account is running v5.

Forex Real Profit EA v5 official Pepperstone account


Settings: unspecified
Started: 06.02.2012
Broker: Pepperstone
Account type: live (Razor)
Deposits: $2000
Note: this account is running v6.

Forex Real Profit EA v6 official Pepperstone account

Backtests

All the backtests were performed using Dukascopy tick data with variable spread. The version used was v6.03. Just for reference, even though AvoidNews was enabled, the news filter is not active in backtesting.

Forex Real Profit v6.03 AUDUSD 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 AUDUSD 2007-2012 tick data backtest, real spread, default settings

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SymbolAUDUSD (Australian Dollar vs US Dollar)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126451Ticks modelled54345070Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit134.79Gross profit317.71Gross loss-182.92
Profit factor1.74Expected payoff0.48
Absolute drawdown8.96Maximal drawdown28.87 (6.95%)Relative drawdown6.95% (28.87)
Total trades279Short positions (won %)151 (79.47%)Long positions (won %)128 (84.38%)
Profit trades (% of total)228 (81.72%)Loss trades (% of total)51 (18.28%)
Largestprofit trade1.94loss trade-8.88
Averageprofit trade1.39loss trade-3.59
Maximumconsecutive wins (profit in money)23 (28.02)consecutive losses (loss in money)4 (-15.07)
Maximalconsecutive profit (count of wins)29.33 (18)consecutive loss (count of losses)-15.07 (4)
Averageconsecutive wins6consecutive losses1

Forex Real Profit v6.03 EURAUD 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 EURAUD 2007-2012 tick data backtest, real spread, default settings

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SymbolEURAUD (Euro vs Australian Dollar)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test123364Ticks modelled82595510Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit1101.86Gross profit3102.83Gross loss-2000.97
Profit factor1.55Expected payoff0.83
Absolute drawdown9.79Maximal drawdown111.89 (9.99%)Relative drawdown17.18% (105.07)
Total trades1321Short positions (won %)736 (75.54%)Long positions (won %)585 (74.36%)
Profit trades (% of total)991 (75.02%)Loss trades (% of total)330 (24.98%)
Largestprofit trade29.28loss trade-28.75
Averageprofit trade3.13loss trade-6.06
Maximumconsecutive wins (profit in money)20 (49.40)consecutive losses (loss in money)8 (-90.78)
Maximalconsecutive profit (count of wins)150.86 (7)consecutive loss (count of losses)-90.78 (8)
Averageconsecutive wins4consecutive losses1

Forex Real Profit v6.03 EURCAD 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 EURCAD 2007-2012 tick data backtest, real spread, default settings

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SymbolEURCAD (Euro vs Canadian Dollar)
Period15 Minutes (M15) 2008.09.23 11:32 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test89622Ticks modelled57926365Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit316.51Gross profit531.49Gross loss-214.98
Profit factor2.47Expected payoff0.71
Absolute drawdown7.51Maximal drawdown31.86 (5.64%)Relative drawdown5.64% (31.86)
Total trades445Short positions (won %)209 (75.60%)Long positions (won %)236 (75.42%)
Profit trades (% of total)336 (75.51%)Loss trades (% of total)109 (24.49%)
Largestprofit trade10.36loss trade-11.49
Averageprofit trade1.58loss trade-1.97
Maximumconsecutive wins (profit in money)22 (26.84)consecutive losses (loss in money)5 (-6.14)
Maximalconsecutive profit (count of wins)36.43 (10)consecutive loss (count of losses)-17.83 (4)
Averageconsecutive wins4consecutive losses1

Forex Real Profit v6.03 EURCHF 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 EURCHF 2007-2012 tick data backtest, real spread, default settings

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SymbolEURCHF (Euro vs Swiss Franc)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126442Ticks modelled56074221Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit289.26Gross profit730.31Gross loss-441.05
Profit factor1.66Expected payoff0.28
Absolute drawdown1.12Maximal drawdown58.83 (9.94%)Relative drawdown9.94% (58.83)
Total trades1044Short positions (won %)542 (76.94%)Long positions (won %)502 (73.71%)
Profit trades (% of total)787 (75.38%)Loss trades (% of total)257 (24.62%)
Largestprofit trade8.05loss trade-12.55
Averageprofit trade0.93loss trade-1.72
Maximumconsecutive wins (profit in money)36 (18.11)consecutive losses (loss in money)5 (-5.95)
Maximalconsecutive profit (count of wins)24.71 (20)consecutive loss (count of losses)-24.85 (2)
Averageconsecutive wins4consecutive losses1

Forex Real Profit v6.03 EURGBP 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 EURGBP 2007-2012 tick data backtest, real spread, default settings

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SymbolEURGBP (Euro vs Great Britain Pound )
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126464Ticks modelled57702887Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit159.31Gross profit249.69Gross loss-90.38
Profit factor2.76Expected payoff0.21
Absolute drawdown1.55Maximal drawdown10.51 (2.37%)Relative drawdown3.13% (10.23)
Total trades742Short positions (won %)410 (73.90%)Long positions (won %)332 (84.34%)
Profit trades (% of total)583 (78.57%)Loss trades (% of total)159 (21.43%)
Largestprofit trade6.63loss trade-6.54
Averageprofit trade0.43loss trade-0.57
Maximumconsecutive wins (profit in money)22 (5.22)consecutive losses (loss in money)4 (-4.11)
Maximalconsecutive profit (count of wins)17.43 (10)consecutive loss (count of losses)-7.02 (2)
Averageconsecutive wins5consecutive losses1

Forex Real Profit v6.03 EURUSD 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 EURUSD 2007-2012 tick data backtest, real spread, default settings

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SymbolEURUSD (Euro vs US Dollar)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126476Ticks modelled72909815Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit1036.93Gross profit2583.93Gross loss-1547.00
Profit factor1.67Expected payoff0.58
Absolute drawdown0.32Maximal drawdown59.00 (6.59%)Relative drawdown11.82% (54.58)
Total trades1792Short positions (won %)870 (80.00%)Long positions (won %)922 (77.33%)
Profit trades (% of total)1409 (78.63%)Loss trades (% of total)383 (21.37%)
Largestprofit trade12.66loss trade-27.24
Averageprofit trade1.83loss trade-4.04
Maximumconsecutive wins (profit in money)50 (65.61)consecutive losses (loss in money)6 (-2.30)
Maximalconsecutive profit (count of wins)119.75 (34)consecutive loss (count of losses)-42.11 (5)
Averageconsecutive wins5consecutive losses1

Forex Real Profit v6.03 GBPCHF 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 GBPCHF 2007-2012 tick data backtest, real spread, default settings

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SymbolGBPCHF (Great Britain Pound vs Swiss Franc)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126413Ticks modelled82595510Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit448.30Gross profit1048.78Gross loss-600.48
Profit factor1.75Expected payoff0.50
Absolute drawdown2.66Maximal drawdown62.51 (9.34%)Relative drawdown10.39% (39.92)
Total trades903Short positions (won %)498 (80.32%)Long positions (won %)405 (73.09%)
Profit trades (% of total)696 (77.08%)Loss trades (% of total)207 (22.92%)
Largestprofit trade21.58loss trade-14.10
Averageprofit trade1.51loss trade-2.90
Maximumconsecutive wins (profit in money)25 (31.32)consecutive losses (loss in money)3 (-14.25)
Maximalconsecutive profit (count of wins)41.00 (9)consecutive loss (count of losses)-27.42 (2)
Averageconsecutive wins4consecutive losses1

Forex Real Profit v6.03 GBPUSD 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 GBPUSD 2007-2012 tick data backtest, real spread, default settings

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SymbolGBPUSD (Great Britain Pound vs US Dollar)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126472Ticks modelled66337114Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit814.07Gross profit2352.82Gross loss-1538.75
Profit factor1.53Expected payoff0.51
Absolute drawdown0.21Maximal drawdown98.66 (17.54%)Relative drawdown17.54% (98.66)
Total trades1583Short positions (won %)804 (76.99%)Long positions (won %)779 (78.95%)
Profit trades (% of total)1234 (77.95%)Loss trades (% of total)349 (22.05%)
Largestprofit trade23.55loss trade-22.40
Averageprofit trade1.91loss trade-4.41
Maximumconsecutive wins (profit in money)33 (52.73)consecutive losses (loss in money)6 (-9.14)
Maximalconsecutive profit (count of wins)77.50 (29)consecutive loss (count of losses)-44.66 (3)
Averageconsecutive wins5consecutive losses1

Forex Real Profit v6.03 USDCAD 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 USDCAD 2007-2012 tick data backtest, real spread, default settings

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SymbolUSDCAD (US Dollar vs Canadian Dollar)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126422Ticks modelled40815309Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit204.76Gross profit490.95Gross loss-286.19
Profit factor1.72Expected payoff0.22
Absolute drawdown2.75Maximal drawdown47.25 (12.40%)Relative drawdown12.40% (47.25)
Total trades911Short positions (won %)485 (69.48%)Long positions (won %)426 (78.40%)
Profit trades (% of total)671 (73.66%)Loss trades (% of total)240 (26.34%)
Largestprofit trade7.02loss trade-8.85
Averageprofit trade0.73loss trade-1.19
Maximumconsecutive wins (profit in money)18 (17.80)consecutive losses (loss in money)5 (-14.17)
Maximalconsecutive profit (count of wins)20.87 (10)consecutive loss (count of losses)-15.01 (4)
Averageconsecutive wins4consecutive losses2

Forex Real Profit v6.03 USDCHF 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 USDCHF 2007-2012 tick data backtest, real spread, default settings

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SymbolUSDCHF (US Dollar vs Swiss Franc)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126454Ticks modelled56833228Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit247.47Gross profit452.18Gross loss-204.71
Profit factor2.21Expected payoff0.27
Absolute drawdown0.04Maximal drawdown22.00 (4.55%)Relative drawdown4.55% (22.00)
Total trades925Short positions (won %)529 (78.45%)Long positions (won %)396 (81.57%)
Profit trades (% of total)738 (79.78%)Loss trades (% of total)187 (20.22%)
Largestprofit trade12.23loss trade-11.02
Averageprofit trade0.61loss trade-1.09
Maximumconsecutive wins (profit in money)31 (11.88)consecutive losses (loss in money)4 (-3.54)
Maximalconsecutive profit (count of wins)48.72 (23)consecutive loss (count of losses)-20.93 (2)
Averageconsecutive wins5consecutive losses1

Forex Real Profit v6.03 USDJPY 2007-2012 tick data backtest, real spread, default settings

Forex Real Profit v6.03 USDJPY 2007-2012 tick data backtest, real spread, default settings

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SymbolUSDJPY (US Dollar vs Japanese Yen)
Period15 Minutes (M15) 2007.03.30 16:01 - 2012.04.27 20:59
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersForexRealProfitEA_c=" ---- Copyright © 2010, ForexRealProfitEA ---- "; ForexRealProfitEA_ws=" ---- http://www.forexrealprofitea.com ---- "; ForexRealProfitEA_s=" ---- ForexRealProfitEA_v6.03 - Settings ---- "; GMT_Offset_OnlyForBacktest=0; Use_DST_InBacktesting=false; Trade=true; MagicNumber1=74963711; MagicNumber2=74963722; MagicNumber3=74963733; MagicNumber4=74963744; MaxSpread=0; InvisibleMode=false; NFA=false; AFMP=75; AvoidNews=true; Set_Lots=0.1; MoneyManagement=true; MM_Option=1; Risk_percent=2; Activation_Key="";
Bars in test126469Ticks modelled50386332Modelling quality99.00%
Mismatched charts errors0
Initial deposit300.00
Total net profit377.10Gross profit772.18Gross loss-395.09
Profit factor1.95Expected payoff0.32
Absolute drawdown2.20Maximal drawdown41.98 (6.59%)Relative drawdown6.59% (41.98)
Total trades1180Short positions (won %)631 (76.39%)Long positions (won %)549 (81.24%)
Profit trades (% of total)928 (78.64%)Loss trades (% of total)252 (21.36%)
Largestprofit trade6.16loss trade-12.99
Averageprofit trade0.83loss trade-1.57
Maximumconsecutive wins (profit in money)24 (32.19)consecutive losses (loss in money)5 (-19.84)
Maximalconsecutive profit (count of wins)32.19 (24)consecutive loss (count of losses)-19.84 (5)
Averageconsecutive wins5consecutive losses1