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Profit Maker Expert Advisor Review

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Profit Maker is located within the Experts sub-category of the MQL5 marketplace, it was developed and uploaded to the marketplace by Aleksandr Kudria on the 9th of March 2020, it has not had any updates and so it is still at version 1.0.

Overview

Profit Maker is an expert advisor that can be used with the MetaTrader 4 trading platform, the Ea was designed to be used with the EURUSD currency pair and it has only been optimized for this one pair. The Ea is fully automated and works to a schedule, so there is no need for any user input once it has been set up. It will look for entry points by analyzing the slope and values of several different TMA parameters. It will close trades and use trailing profits on open orders and this has been implemented into the creator’s own algorithms.

It is recommended that you sue the EA with a dedicated VPS as it will need to be on 24/7, it works with both 4-digit and 5-digit brokers, the EA does not use more dangerous strategies such as martingale or grid which is a good sign.

The schedule that the EA works to:

-Start every day Hour – Start time of the adviser in hours.

-Start every day Minute – Advisor start time in minutes.

-Stop session every day Hour – the end time of the daily adviser session in hours.

-Stop session every day Minute – The end time of the daily EA session in minutes.

-Stop Hour Friday – The end time of the afternoon session on Friday in hours (Special mode of adviser for Friday is possible).

-Stop Minute Friday – The end time of the Friday afternoon session in minutes.

There are also a number of different parameters that come with the EA, thee includes things like the visuals of the EA, magic numbers, lot sizes used, the mode of calculation, the TMA settings, max number of open orders, and more.

Service Cost

Profit Maker can be purchased from the MQL5 marketplace for $2020, this higher price makes it clear that the developer would prefer the EA to be used as a rental rather than a one time purchase. We did see it a tad cheaper in other Forex stores, but not much cheaper, listed at $1,999. You can rent the EA per month which will cost you $30 per month. Whichever option you take, you will be able to activate the EA up to 5 times with a single purchase or rental. There is a free demo version that is also available, however, this can only be used with the strategy tester that is found within the MQL5 marketplace.

Conclusion

Unfortunately, at the time of writing, there were no reviews or ratings from anyone that had used the Ea, this makes it hard to know whether it is functioning as described or whether it is profitable to use or not. There are also no comments, so this again makes it quite hard to work out what sort of support the developer will be offering. Due to both of these things, we would strongly suggest that you contact the developer with any questions that you may have, this is a way to ensure that the EA will do what you need it to do, but also that the developer is there to actively support you should you need it.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/46729

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