XXL Forex Real Profit trades on the forex market using a fully-automated algorithm and works on many currency pairs. According to the developers, the robot opens and closes trade windows automatically. This review will cover the major things to consider before considering whether to invest in this EA or not, so keep reading.
What is XXL Real Profit?
XXL Forex Real Profit has the following features:
- It works on various account sizes.
- The robot is straightforward to use.
- It works and trades 24/7.
- No grid or martingale strategies are used.
Official XXL Real Profit website
The official website of XXL Real Profit is rather poorly created with no engaging elements and lousy design. Live results are provided as hyperlinks to Fxblue and Myfxbook. Although, the Myfxbook link seems to be broken and represents a lack of care by the developers to take notice of this essential piece of evidence. Also, no clear strategy has been explained, which is not convincing.
How can we use XXL Real Profit?
The robot works with the following steps:
- Purchase the bot from the website
- Download the files and launch the MT4 platform
- Drag the EA files onto your charts and start trading
The algorithm scans the market based on the coded information. Depending on the signal from the logic it will open buy/sell trades and close it out on a specific stop loss or take profit.
Pricing & refund
The robot is sold at a one-time price of 80 USD and accepts payment only through PayPal. No money-back-guarantee is provided, which increases the risk of investment. Furthermore, it was tough for us to make sense of the pricing as it’s written unclearly.
The developer only states that the robot does not use grid or martingale strategies and uses price action along with support and resistance levels for analysis. From the history on FXBlue we observe that the algorithm has a 20 pip stop loss for each position. As soon as the trade turns into profit it starts the trailing stop loss.
Trading results are present on Fxblue, a clickable link provided on the bot’s website. February results for 2022 show that the robot had a peak drawdown of -20.8 %, which is a high drawdown that raises issues about the effectiveness of the robot. The robot has a risk to reward ratio of 0.05. The risk of ruin is essentially high, standing at 84.4%. The average loss rate of -21.06% is way more than the average win rate of 8.66%.
The developers do not provide any backtesting records, which makes customers miss out on the information necessary to make a purchase decision concerning an EA. Therefore this is poor practice by the developer.
The developers are very shady about their whereabouts. There is no information about who the developers of the product are. Customers are only provided with an email address and a query form. This reflects poorly on vendor transparency.
What are the real customers saying about XXL Real Profit?
An angry customer gives a 1/5 star rating for XXL Forex Real Profit on Forex Peace Army, which reflects lousy practice by the company. The feedback shows how the bot blew the customer’s entire account and made them lose all of their money.
Summary: is XXL Forex Real Profit a trustworthy robot?XXL Forex Real Profit
Trading results2/5 Bad
- No grid/ martingale strategy
- Average price
- Bad customer reviews
- No backtesting records
- Awful website design
- No clarification on strategy