- March 23, 2025
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Introduction
Profit Raider EA is an advanced Expert Advisor (EA) designed to automate forex trading on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. With its aggressive trading strategy, compatibility with various currency pairs, and optimization for ECN accounts, this EA aims to provide traders with a seamless and efficient trading experience. In this review, we will delve into the features, advantages, disadvantages, and overall performance of Profit Raider EA to help traders make an informed decision.
Technical Specifications
Version: 1
Year of issue: 2025
Working pairs: Any
Recommended timeframe: M1
Minimum Deposit: $50
Average of account: 1:30 To 1:1000
Best Brokers List
Profit Raider EA System works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Profit Raider EA Settings
Key Features
- VPS Recommendation: GoVPSFX to ensure uninterrupted execution.
- Trading Strategy: Aggressive, high-frequency, and auto-set trading sessions.
- Dashboard Availability: Offers real-time trade monitoring and performance tracking.
- Restrictions: No backtesting allowed, and demo accounts are not supported.
Advantages of Profit Raider EA
Fully Automated Trading
Profit Raider EA eliminates the need for manual trading, allowing traders to capitalize on market opportunities without constant monitoring. This is particularly beneficial for those with limited time to analyze the markets.
Compatibility with Multiple Currency Pairs
Unlike some EAs that are restricted to specific pairs, Profit Raider EA supports a wide range of forex and Deriv instruments. This diversification allows traders to explore different market conditions and optimize profitability.
Optimized for ECN Accounts
The EA is designed to function efficiently on ECN and Raw Spread accounts, ensuring lower spreads, faster order execution, and minimal slippage.
Real-Time Trade Monitoring
With a user-friendly dashboard, traders can track their performance and make necessary adjustments. This real-time update system improves trade management and decision-making.
Works on Both MT4 and MT5
Compatibility with both MetaTrader 4 and MetaTrader 5 provides flexibility, ensuring traders can use their preferred platform without limitations.
Scalping Strategy on M1 Timeframe
The M1 timeframe allows traders to capitalize on small price movements, making this EA ideal for scalpers who prefer high-frequency trading.
No Complex Setup Required
The EA auto-adjusts trading sessions based on market conditions, making it accessible even for beginners.
Disadvantages of Profit Raider EA
High-Risk Strategy
Due to its aggressive nature, this EA carries significant risk, especially for traders with smaller account sizes. A high-frequency trading approach can lead to rapid drawdowns during volatile market conditions.
No Backtesting Allowed
Unlike most EAs that allow traders to backtest strategies before going live, Profit Raider EA does not permit backtesting. This makes it difficult to assess past performance and predict profitability based on historical data.
Demo Accounts Not Supported
The EA does not function on demo accounts, meaning traders must risk real capital without testing the system first. This limitation can be a drawback for cautious traders who prefer to evaluate an EA before committing funds.
Requires a Strong VPS
To achieve optimal performance, it is recommended to use GoVPSFX or similar high-quality VPS services. This adds an additional cost to trading operations.
Broker Dependency
While the EA is advertised to work on multiple brokers, it is best optimized for RoboForex. Traders using other brokers may not experience the same efficiency and execution speeds.
Performance Results
Based on real-time trading data, Profit Raider EA has shown mixed results. Some traders report impressive profitability with 10-30% monthly returns under optimal conditions. However, others have experienced significant drawdowns, especially in highly volatile market situations. The success of this EA largely depends on market conditions, account size, leverage settings, and risk management strategies.
Final Verdict: Is Profit Raider EA Worth It?
Profit Raider EA presents an intriguing option for traders looking for an aggressive, fully automated trading system that works on multiple currency pairs. However, its high-risk strategy, lack of backtesting, and restriction on demo accounts make it a tool best suited for experienced traders who understand the risks associated with high-frequency trading.
Who Should Use Profit Raider EA?
- Experienced traders comfortable with high-risk trading strategies.
- Scalpers who prefer trading on M1 timeframes.
- Traders with an ECN account looking for fast execution and low spreads.
- Individuals willing to invest in a VPS for uninterrupted trading.
Who Should Avoid It?
- Beginners who lack experience in forex trading.
- Traders who rely on backtesting before deploying an EA.
- Cautious traders who prefer using demo accounts before going live.
Conclusion
Profit Raider EA is a powerful forex trading tool with an aggressive strategy designed for those who thrive in high-frequency trading. However, its limitations in backtesting, demo usage, and dependency on specific brokers make it a tool that should be approached with caution. As always, traders should conduct thorough research and risk assessments before integrating any EA into their trading strategy.
Download Profit Raider EA
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
