• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

IProfit EA Review

March 4, 2021 by Forex Winner Leave a Comment

IProfit EA

The main page of IProfit informs us that “iProfit Forex Robot (MT4 EA) is The World’s Most Successful Neural Network Strategy.” Our goal is to reveal if this statement is true or false.

Detailed Forex Robot Review

IProfit EA Characteristics

Let’s talk about settings, strategy, and other information and explanations:

Best Forex Robots ›

Compare leading trading systems on the market

  • There is a self-contained neural network system that dynamically adapts to the most recent price action and updates the predicted high/low values every hour.
  • The robot works fully automatically.
  • It has been running for over seven years on IC Markets.
  • The robot was backtested on over 12 years of tick data with 99.90% of the modeling quality.
  • The robot has provided over 8000 pips since the beginning.
  • An average monthly gain is 170 pips.
  • The system works with Take Profit and Stop Loss levels.
  • It doesn’t use risky strategies and doesn’t keep orders over weekends.
  • We have five currency pairs: EUR/USD, EUR/JPY, XAU/USD, GBP/USD, and AUD/USD recommended.
IProfit EA. We can buy the robot, copy trade from it or subscribe for signals.
  • We can buy the robot, copy trade from it or subscribe for signals.
IProfit EA. The average pips expectations are 4.0.
  • The average pips expectations are 4.0.

IProfit EA Strategy Tests

IProfit EA Strategy Tests

There are several backtest reports. This one is a cut EUR/USD report. The modeling quality was 99.90%. There were 73,652 bars in the test. An initial deposit was $10000. The total net profit has become $6825. The spreads were set at ten pips. The Profit Factor was 1.26. The maximum drawdown was a little – 5.49%. IProfit EA has closed 1814 deals with 58%-59% of the win-rate.

Real Account Trading Results

IProfit EA Myfxbook

IProfit EA works on the real AUD account on IC Markets. It works automatically on MT4. The leverage is set at 1:500. The account has a verified track record badge. It was created on August 26, 2013. Since then, the absolute gain has become only 213.09%. An average monthly gain is 1.25%. The maximum drawdown is 25.47%. The account is tracked by 55 users.

IProfit EA drawdown

The system has experienced an over-a-year period of significant drawdowns.

IProfit EA advanced statistics

IProfit EA has closed 5005 deals with 44420.6 pips. An average win is 66.20 pips when an average loss is -70.75 pips. It traded 98.09 Lots. The win-rate is between 57% and 58%. An average trade length is over three hours. The Profit Factor is low – 1.15.

IProfit EA trading results

The most traded currency pair is EUR/USD – 1138 deals. The most profitable by pips, excluding Gold, is GBP/USD – 1908.7 pips.

IProfit EA trading results

The robot trades during the European trading hours mostly.

IProfit EA trading results

Wednesday (1260) and Thursday (1216) are the most frequently traded days.

IProfit EA trading results

The EA works with little risk to the account balance.

IProfit EA trading results

As we can see, the robot can easily lose five deals in a row. It’s so risky to run that designed expert advisor.

IProfit EA monthly gain

The last three months showed that the robot is dangerous for our accounts.

Pricing

IProfit EA Pricing
IProfit EA Pricing

There are two packs. The first pack is a robot that costs $470 annually or $1099 for a lifetime license. The same, we have in the second pack – a copy trading package that costs $299 annually or $849 for the lifetime license. The first pack can be used on two accounts, the second one only on a single account. 

IProfit EA. The developers don’t provide a refund policy.

The developers don’t provide a refund policy. The offer is overpriced and sounds like a scam. $1000 for mediocre EA is seven times overpriced.

Customer Reviews

IProfit EA Customer Reviews
IProfit EA Customer Reviews

The presentation has fake and faceless reviews only from Canada, the US, and Australia.

Review Summary

IProfit EA is a robot that showed mediocre trading results for the last half a year. The last trading results showed that the system is not prepared for making profits in 2021.

Paying for these results $1099 is insane. The developers warn us that we can’t be refunded if something goes wrong. So, if they don’t trust us, why should we trust them?

Advantages
Backtest reports provided
Disadvantages
No team revealed
No settings explanations provided
Mediocre trading results
Impossibly low Profit Factor
Low win-rate
Long-term and high drawdowns
No real customer reviews provided
Insane pricing as for a common robot with these trading results
3

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex Robots

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

Jabil’s Q3 Earnings Per Share Beats Estimate by 10%, Upgrades Guidance

June 16, 2022

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

Federal Reserve Hints at Further Policy Tightening After 75-Basis Point Hike

June 16, 2022

Footer

Forex Broker Reviews

tier1fx

Tier1fx Review

February 18, 2020 By Forex Winner

Videforex

Videforex Review

May 22, 2019 By Forex Winner

FXCM

FXCM Review

November 13, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure