Overview of Friday Pro EA

The Friday Pro EA is an automated trading system designed specifically for trading the Friday sessions in the forex market. It was developed by Ming Ying Lee. Some key features of this EA include:

Friday Pro EA

Backtesting Performance

According to the product page, backtests of the Friday Pro EA on the EURUSD pair from 2014-2022 produced over 5,000% compounded returns with a 65% win rate. The largest drawdown was around 20%. These stellar backtest results suggest the potential for very strong performance trading on Fridays. However, as with any EA, simulated historical results do not guarantee future live performance.

Live Trading Results

The developer has not provided any verified account statements to demonstrate the Friday Pro EA’s performance in live market conditions. A few reviewers have tested the EA on demo accounts with mixed results. Without proof of real profits, traders should be very cautious about relying solely on backtest results when considering this EA.

Ease of Use

The Friday Pro EA includes a dashboard for configuring settings and monitoring trades. It provides the flexibility to trade automatically or semi-automatically based on user-defined parameters. However, the lack of detailed documentation may make the learning curve steeper for new users.

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EA Cost

At a price of $199, the robot is reasonably priced compared to many forex EAs. However, the lack of transparency around verified live results makes it difficult to assess if the EA is worth the cost.

Friday Pro EA Verdict

In summary, while the Friday Pro EA shows potential based on backtesting, the lack of evidence from live trading makes it impossible to confirm if it can consistently generate profits. More objective real-time testing and transparency of results would help substantiate the claims made by the developer. Until then, caution is warranted when considering this EA.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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