Forex Real Profit EA has been around for a little while now and has already started to forge a good reputation for itself. It trades on seven different symbols for just one hour each day at around the time that New York is closing, and looks to scalp a few pips at a time.
Normally, I'm not a fan of this type of robot, but this EA certainly seems to work and I wanted to see if it's possible to replicate this performance.
Because of its trading nature, I've set the Forex Real Profit EA up on a $5k demo FX Central Clearing account. This is an ECN/STP account and the demo feed is identical to the FXCC live feed with the added benefit that demo accounts have the option of either treating the commission separately or of adding the commission to the spread which, in turn, has the effect of widening the spread and possibly affecting performance. I've therefore chosen to handle the commission separately in order to keep the spread at its raw level to achieve the most meaningful and accurate results when testing this EA.
Because it's trading on seven symbols, Forex Real Profit has been set up to risk no more than 3.5% of the account balance on any single trade and, because of the general lack of market liquidity around the time of day that it trades, I'm strictly controlling the maximum allowed spread and not allowing any slippage.