Rapid Pips Forex EA is making a gain of 28.66% per month on average. Rapid Pips EA live account statement posted on the third party side myfxbook shows a total gain of 73% with a max drawdown of 22.0%. Rapid Pips EA made over $1,100,915.93 in a 2 year backtest with a risk of 2.5% starting with a deposit of $10K. According to Jamie Williams the developer of this forex robot, the win rate of his robot is 82%. You can take a detailed look at the Rapid Pips Robot live account statement posted on myfxbook.
Developing a forex robot that works is not easy. It requires first a good experience of forex trading with a forex strategy that has been making consistent returns. If you have a forex strategy that has been working for you for quite sometime, you can think about automating it. Automating a strategy requires knowledge of programming especially MQL4 language that is used to programme EAs for the MT4 platform. There are two ways to programme a robot. One is to learn MQL4 language yourself. Obviously not that easy to learn a computer language. So what most forex traders do is hire the services of a professional programmer.
The strategy behind Rapid Pips EA is simple. It has been programmed to scalp the mini breakouts with a tight stop loss. Rapid Pips EA works on the M5 chart. It uses an indicator combined with the price action to identify the mini breakouts. Once it enters into a trade, it uses a trailing stop loss to maximize the profits. As said above the win rate of the trades made by the Rapid Pips EA is above 82%.
Jamie Williams is giving 30 days of money back guarantee period so that if you want you can test drive his Rapid Pips robot. First test this EA on a demo account for 4 weeks. If the performance on the demo account is not good, simply get a refund. Why? Because if this EA can’t perform on a demo account, it means it won’t perform on the live account. However if the performance of Rapid Pips EA on the demo account is good, open a live account with a small deposit of $300. Use the lowest risk settings of 1% and trade live with Rapid Pips EA for more testing.