FXRapidEA Review

Live statistics of FXRapidEA start in December 2019 with the initial deposit of $2000 and we see that it has collected 1039% of gain since then which is very impressive results that prove developer’s statements about the rapid nature of trading of this EA. Here we see the average monthly growth of FXRapidEA which is 47.16% per month that also looks really high.

At the beginning of the curve, we see the smooth upward move almost without the drawdowns and losses but things began going a bit worse in April 2020. At this point in the review let’s look closely at the drawdown level of FXRapidEA.

The numbers taken from the statistics say that the average drawdown level of this Forex robot is 40.74% which feels high for me. But if analyzing the statistics, we can see that this number is actually the peak drawdown value ever reached by this EA (look on the screenshot below).

We can observe the three highest peak drawdown points in the history of the trading, which took place in December 2019 (33.06%), April 2020 (40.74%), and June 2020 (31.59%). But the approximate average drawdown level of the EA is actually lower.

aking into account the fact that FXRapidEA has quite a high gain level it is worth saying that the drawdown level of 40.74% should not scare us at all since the profitability/drawdown ratio, in this case, is quite impressive. It is actually around 1:1 which should be considered as a highly profitable trading system.

The drawdown level itself could look really high for some traders but it is important to look at this in the correlation between profitability and drawdown. In this case, we see that 1:1 ratio is very good and even if we would have lowered the risk by half, we still should have gotten around 20% drawdown level together with around 500% total gain level which looks pretty high ratio including only 7 months period of work.

nalyzing the trading charts of FXRapidEA it is hard to say what exactly is the trading strategy of the system. The developer says that the robot trades only by the trend and never against it. That’s why it programmed to close the trades even in the loss if they are not following the trend.

As we can see from the graph below the average duration of the open position in the market for FXRapidEA in 80% of the cases would not be longer than 2 days. That is the point where we really see the rapidness of the system. And still, not even holding trades long, the profitability of the system is quite high.

The system makes something around 42 trades per month which means that it doesn’t have a day without trading. It probably uses some kind of modified grid patterns but at the same time, it is not true to say that FXRapidEA is a grid system since it closes positions according to its own special algorithm and does not consistently build the grids to close them by take-profit. Also, the system does not raise the lot size constantly. Sometimes lot sizes vice versa decrease during the building of some-kind-of-grid patterns which is totally not consistent with a martingale grid strategy (look on the chart below).