Is Prop Firm EA reliable for your trading account? Should you buy this system for a better trading experience? Read this review to find out if this forex robot is worth your money or not.
Table of Contents
Do You Know You Could Get Back Your Money If You Have Been Scammed? Great News! Click HERE to Get Started
About Prop Firm EA
Prop Firm EA is a forex robot available on MyEaAcademy website.
According to the vendor, the system offers low draw down below 5%, spread control, and full set up guide.
Prop Firm EA claims to give advantage in the financial market with its expert strategies. Here, the system offers forex trader smart internal indicators to analyze the market before trading and a new filter to avoid trading on big market event days.
Prop Firm EA : Reasons to Avoid This System
Prop Firm EA is a forex robot that fails to pay attention to details. The sale pitch of this EA shows some transparency issues of the product.
The system has no cash back for the product. There is no guarantee that your money will be refunded if the product does not work as it is claimed to be.
The customers’ feedback is pretty worrisome. There are many customer reviews for the product of which customers are complaining.
The EA failed to provide us with a back test result of the system before it was released into market.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
Accounts
Free Trial
Projects
SSL
2
Strategy: Scalping
Time Frame: M1, M5, M15 and M30
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
1
Strategy: Stop and Reverse
Time Frame: All time frames
Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
License fee: $149
60 Day Money-back Guarantee
3
Strategy: Scalping
Time Frame: M1, M5, M15
Currency Pairs: All Pairs
License fee: $147
30 Day Money-back Guarantee
Prop Firm EA Trading Strategy
Prop Firm EA uses top-bottom reverse trading strategy with grid, smart indicator signals and new filter.
Also, the system operates on currency pair like USDCHF, AUDUSD, GBPCHF, AUDCHF, CADCHF, GBUSD, EURGBP, CADJPY, AUDJPY, NZDJPY, EURUSD, EURAUD, GBPJPY, CHFJPY, NZDUSD, USDJPY, EURCHF, AUDNZD, EURNZD, GBPCAD, USDCAD, EURJPY, AUDCAD, EURCAD, XAUUSD.
As for the time frame, it is recommended 24/7.
Prop Firm EA Trading Results
According to the USD Real account of Prop Firm EA on Myfxbook, the account traded on a deposit of $1000 with an average monthly gain of 12.21% and drawdown of 57.59%.
Also, the account closed 238 trades with an average win of 57.34 pips and an average loss of -68.44 pips.
Conclusion: Is Prop Firm EA a Reliable Forex Robot?
Prop Firm EA does not seem like a reliable forex robot for traders even though it promises offers that look good to be true.
The lack of details on important insights is a turn off. Forex robot like this one should provide enough information for traders to have some level of trust.
Not guaranteeing forex traders a refund for their money if the system does not prove trustworthy as it claims is a con.
It is our duty to review forex robot and also share reasons. For now, we will not recommend this system for trading.
Kindly share your comment about this broker in the comment section.
