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Honest review of FXParabol, a 100% automated trading system that works on real money.
Real USD Trading Result
FXParabol EA Review
FXParabol is a new Forex robot that is powered by the ForexStore group. The robot is based on a combination of the Parabolic SAR and Bollinger Bands indicators.
FXParabol works on the USDJPY and USDCHF Forex pairs and costs about $289 to purchase a single license that works on the MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms.
FXParabol boasts of a reliable drawdown control mechanism and it is compatible with any broker and account type.
Should one trust FXParabol EA?
The robot has enticing features you can customize according to your trading experience. On top of that, there are a couple of backtesting results and live trading results that you need to see before buying a license.
Breakdown
- The robot is a 100% fully automated trading software
- Compatible with both MT4 and MT5 terminals.
- Works on the USDJPY and USDCHF Forex pairs.
- The robot is not broker sensitive
- We can trade with it on any account type.
- Works based on indicators to find trade opportunities
- This indicator helps to determine trends in the market
- The EA compensates for losing trades
- It has a special system that limits possible drawdowns
- The robot is customizable.
A single package of the robot gives you 1 license for two versions of the robot that works on MT4 and MT5 platforms.
The package also comes with, a detailed user manual, qualitative technical support 24/7, free updates, learn more.
FXParabol EA Result
There are a number of backtesting reports. For the sake of this review, we will be looking at the longest-running report – a report on the USDJPY forex pair on an H1 timeframe.
The data period was chosen from 2015 to 2022 with up to 90% modeling quality. An initial deposit was $10,000 which has become $40232.17 of the total net profit. The profit factor was 2.65. The total number of trades is 406 deals with a 74.63% win rate. The maximal drawdown was 33.53%.
Live trading result
The robot has a couple of verified trading results on myfxbook.com.
This is a real USD account hosted on the FXOpen MT4 terminal. The account was created on August 2020 and so far has made a total gain of +455.66%. An average monthly gain is 9.57% while the maximum drawdown is 22.86%. This is quite a low drawdown % that signifies a possible low-risk approach. Nevertheless, you should keep an eye on the robot when you start trading on a live account.
So far, the system has completed 142 orders with an average win rate of 68%. The average gain is $83.20 while the average loss is -$78.09. The average trade length is 10 days. This is such a long time for this category of an expert advisor. However, we see that the system can open more than one trade during this period.
Monthly returns vary from month to month. In February this year, the EA was able to make over 4.46% profit.
FXParabol EA Review Conclusion
FXParabol is a fully automated trading software that is based on a combination of indicators to determine market trends and the direction of trades.
The possibility of a low-risk trading approach maintains variable monthly profits while keeping drawdown relatively low.
>>Visit FX Parabol – Find out more & Live Statistics<<
FXParabol Expert Advisor
$289
Pros
- myfxbook result
- backtesting result
- Professional website
- Installation guide
- MT4 and MT5 versions
- Money back guarantee
- Custom support
- Custom settings
Cons
- High pricing
- Few Forex pairs