Targeting traders looking to achieve financial freedom via Forex trading, XXL Forex Real Profit is an EA that claims to bring profits irrespective of the market trends. According to the vendor behind this Forex automated trading system, it helps traders make fast decisions on trades and execute them successfully. Does this Forex Robot deliver the results it guarantees? Is this a trusted expert advisor you should consider? Read our detailed XXL Real Profit Robot Review to know more.
An overview of the website reveals very little information regarding the strategy used and performance results. From what we could gather about the Forex robot, it claims to provide a monthly gain of over 20%.
Regarding the people behind the expert advisor, Tibor Nagy from Hungary is the developer of this system. While the website does not provide any information on the developer, from our research we found that Nagy owns several other Forex websites, like Bestearobots, bestforexrobots, etc. This reveals the authority of the developer in the Forex segment.
We have tabulated the key information about this robot here:
|Currency Pairs||AUDUSD, GBPUSD, EURUSD, USDCHF|
|Recommended Min. Deposit||$1000|
Priced at $300, XXL Real Profit Robot is pretty expensive compared to the prevailing rates of various Forex robots on the market. A money-back guarantee of 15 days is offered by the vendor for the package. There is no additional information available regarding the package contents, such as user manual, single or multiple licenses, real accounts, etc.
We were unable to find information on the strategy used by this automated Forex robot. This is a strong indicator of the unreliability of the trading software. Without a clear strategy, it is impossible to assess the efficacy or quality of this software. And, XXL Forex Real Profit does not look nice in this aspect.
Furthermore, the vendor does not provide any information on details such as the time frame used, leverage, etc., which are important. The free trading system offered comes with a stipulation of using the broker recommended by the vendor, which we think is an attempt to get more money via commission.
We could not find any backtests on the official site. Even if the backtests are not predictive of future performance, their presence is an indicator of the performance of a trading system. The lack of backtests is therefore a definite drawback here.
However, the vendor does provide a real account for showcasing the system’s performance. From the real account trading results verified by the FXBlue site, we could gather that the account has been trading for approximately a month, delivering a monthly return of 51% and a peak drawdown of 62.3%.
With roughly 1.6 trades done per day, the risk-reward ratio for the account is 1.28. It is clear from the stats that the system uses a scalping strategy. The high drawdown and the monthly gain percentage indicate the system is not as effective as the vendor claims it to be.
Furthermore, the trading duration of less than a month is very short. In order to assess the performance of a Forex trading system this short span is not sufficient. And, FXBlue site has just one real account from this Forex robot and there is no verified account on Myfxbook.
We could not find any user feedback for this expert advisor on any of the trusted review sites, such as Forexpeacearmy, Trustpilot, etc. We suspect this is mostly due to the lack of effectiveness of this automated system. Another factor that could have kept users away from this EA is the expensive price.