Some useful advice

[Support_AdrianS]

1) Risk Settings:
- Set the risk dependant on how willing you are to loose and not how much you would like to earn. Loss is part of the trading and cannot be avoided.
- For High Risk settings do not exceed 49% total risk (total risk is the sum of the risk of all the currencies used in trading at 100 pips StopLoss)
- For Normal Risk settings do not exceed 30 – 35 % total risk
- For the Conservative Risk do not exceed 25% of the total risk
(eg: the total risk used by ForexRealProfitEA is 39 % at 100 pips StopLoss on MBTrading and 29 % at 100 pips StopLoss on Alpari UK)
- it is a mistake to risk a lot from the beginning and to reduce the risk after a significant loss occurs, due to the fact that you got scared and you lost more than you were willing to; this way you will recover the lost amount slower, and in the long run you would have earned more at a lower risk from the beginning.
- the best thing to do is to calculate the risk carefully from the very beginning and not to change anything afterwards, regardless of what happens, as long as the total loss has not exceeded the total risk.

2) Money Management:
- after the initial deposit, you should wait until a profit of 100% is obtained and then withdraw, every month or every three months, about 30% of the profit accumulated in a month, respectively 3 months.
- this way you will recover the invested amount gradually
- at the same time a large share of the profit is reinvested and the earning rate will increase progressively as compared to the initially deposited amount
- theoretically, depending on the used risk, the amount invested initially will be recovered in the course of a year or a year and a half, and you will earn averagely the amount invested initially on a monthly basis in about 3 or 4 years’ time if no major changes occur on the market

3) Strategy:
- those who are interested to earn much while keeping a low level of risk may use a normal or conservative risk strategy on the account and may use a part of the obtained profit to trade using a high risk strategy on a separate account.
- that way they may earn more only risking a part of the obtained profit
- if you use a high risk strategy, it is advisable to withdraw a part of the obtained profit as often as possible, in order to diminish the impact of a substantial loss.
- if you suffer some great loss and you have only risked a part of the obtained profit, it shouldn’t be a problem for you to start all over and continue using the same strategy

4) Conclusion:
- keep in mind that diversification is the safest method of investment
- even if there is no miraculous solution to turn you into a millionaire overnight, you can use the solutions offered by ForexRealProfitEA intelligently, even together with other Expert Advisor which has good results on real accounts and by combining the optimal risk with money management and with the strategy, in order to make considerable profit.

[laracroft]

The compressed file of the manual demo is corrupt and does not open either with winrar or winzip with

[Support_AdrianS]

The compressed file of the manual demo is corrupt and does not open either with winrar or winzip with

The problem appears because of the internet connection or firewall protection because it is an exe file.
The file is not corrupt it’s just incomplete. Your copy is not complete.
Just try to download the program again and then install. We tested it and it is working.
Compare the file size from the Forum with your copy to check.
If is not working, ask the support to e-mail the demo version.

Kind regards,
Adrian.
ForexRealProfitEA Team

[muzzamcc]

[quote="support_AdrianS"][quote="laracroft"]The compressed file of the manual demo is corrupt and does not open either with winrar or winzip with[/quote]

The problem appears because of the internet connection or firewall protection because it is an exe file.
The file is not corrupt it’s just incomplete. Your copy is not complete.
Just try to download the program again and then install. We tested it and it is working.
Compare the file size from the Forum with your copy to check.
If is not working, ask the support to e-mail the demo version.

Kind regards,
Adrian.
ForexRealProfitEA Team[/quote]
I am also having the same problem with the MANUAL zip download. The demo EA zip is ok.

[Support_AdrianS]

Hi,

If it's not working, ask the support to e-mail the demo version.

Kind regards,
Adrian.
ForexRealProfitEA Team

[lkm020]

Hi Adrian,

Very constructive and succinct advice you gave above. Much appreciated. I have never seen such specific helpful advice in over 7 years of investing and trading experience.
Regarding the risk settings; am I right in assuming you are talking about the maximum % of the account to put at risk?
E.g. for the conservative risk, don't put more than 25% of the total account value at risk?

The example regarding MBTading (39%) and Alpari UK (29%) is confusing; why the different % value for each?

Rgds
Kevin

[support_CataH]

Dear Kevin,

Thank you for your kind words. We are glad to help our partners to become successful traders as well.

Yes, if you want to trade conservatively, do not risk more than 25% of you account balance. Of course we are talking about the situation in which you are trading using our EA, but it could be valid in general also.It depends very much on the trading style of each EA. For example a martingale system that is given 25% of your account is a killer.

The example given with 39% and 29% is about the risk that we use on our live accounts published on the website. Actually the Alpari UK account was at 32.5% risk not any more at 29%. We changed the risk after we wrote those advices. This is the theoretical maximum total risk. This would happen if all the 7 pairs would hit SL in the same day which is pure and simple impossible, especially since we have the volatility filter included.

There is a lot to talk about trading with ForexRealProfitEA but if you want safe and steady profits, go with the default settings (and use an ECN broker) as they are not only optimised knowing the internal login of the EA, but also tested on live accounts more than 12 months. Of course we can not guarantee 100% the said profits as forex market can become very unpredictable, especially nowadays, but it is highly possible to have the result we had in the past year.

Thank you for your interest in our product. We are glad to answer questions and offer support to anyone interested in our product.

Regards,
Catalin
ForexRealProfitEA Team.

[nubchai]

Hello.

When you say you are using 39% risk for your 1 account do you mean that you have the risk for each of the 11 pairs set at 39%? Or do you divide the 39/11 pairs and set each pair to a risk 3.5%?

Thanks!

Sandy

[Support_AdrianS]

Dear Sandy

No, we don't use 39% risk !
We use the default risk, Risk_percent = 4.25% for FRPEA v5.27 and Risk_percent = 2% for FRPEA v6.04 for most of our real accounts.

We calculated the risk so that if we lose two times more than the historical maximum draw down, using money management, total loss does not exceed 50% of the account.

39% risk - this refers to the historical maximum draw down on backtests, for the last 5 years, using tick data from Dukascopy history database, real spread and 0.8% pips (broker) commission if using the default Risk_percent (4.25% and 2%).

Kind regards,
Adrian.
ForexRealProfitEA Team

[nubchai]

Thank goodness! I had the risk set to 5% for 6.04. I'll change it to 2%.

Thanks Adrian.

Sandy