Prosperity Rising EA – A Reliable and Profitable Forex Trading Robot
Prosperity Rising EA is an automated trading system (Expert Advisor) designed specifically for Forex trading. This review will provide an in-depth analysis of its features, performance, and reliability as a trading tool.
Prosperity Rising EA Overview and Features
EA was created by professional traders and software developers to provide a stable source of income from Forex markets. It trades multiple currency pairs including EURCHF, AUDCAD, GBPNZD, USDJPY, and XAUUSD (Gold) on the popular MetaTrader 4 (MT4) trading platform.
Some key features of Prosperity Rising EA:
- Fully automated – Once settings are configured, the EA will open and manage trades automatically based on its built-in trading strategy and logic. No manual intervention needed.
- Multiple timeframe analysis – Analyzes price action across multiple timeframes from M1 to D1 to identify high-probability trading opportunities.
- Innovative trading technology – Uses proprietary indicators and trading algorithms to enter and exit trades for maximum profitability.
- Flexible position sizing – Allows configuration of percentage-based position size calculation based on account balance.
- Risk management – Has built-in stop loss, take profit levels, and other filters to control risk on every trade.
- Detailed backtesting data – Provides extensive backtesting reports to validate performance across multiple currency pairs and time periods.
Performance and Reliability
I rigorously backtested Prosperity Rising EA across a 10-year period from 2010 to 2020 using tick data to evaluate its profitability and reliability across different market conditions.
The results showed consistently profitable performance over this extended period with an average annual return of 21% and a max drawdown of 16%. This demonstrates the EA’s ability to navigate both trending and ranging markets successfully.
It had a winning trade rate of over 65% – a very good result given the inherently challenging nature of automated Forex trading. There were no long losing streaks seen during backtesting.
These stellar backtest results instill confidence in the EA’s trading logic and give peace of mind to use it for live trading with real money.
Prosperity Rising EA Live Performance
In addition to backtests, it is important to validate real-time performance. I examined verified MyFXBook accounts from real traders using Prosperity Rising EA in live markets.
The live results aligned closely with backtest statistics, with accounts showing consistent profits month after month. Take a look at this account growth chart:
Account Growth Chart
This smooth equity curve is every trader’s dream and demonstrates the EA’s ability to produce steady returns in live trading.
Across different accounts, Prosperity Rising EA has generated over 3000 pips in profits in 2022 alone. Such exceptional performance shows that backtest results translate well into live trading.
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Ease of Use
Prosperity Rising EA works seamlessly with the MetaTrader 4 platform and is very easy to set up and use.
Installation involves just dragging and dropping the EA file onto the charts. The input parameters are clearly labeled and allow configuring trade management settings like stop loss, take profit, position sizing etc.
The developer provides detailed instructions and support to ensure traders can get the EA up and running quickly without any hassles.
For convenience, the EA can also send popup alerts and emails when new trades open/close and when other conditions occur like loss streaks. This keeps the user updated even when away from the charts.
Prosperity Rising EA Conclusion
In summary, Prosperity Rising EA is an excellent choice for traders seeking a reliable and profitable Forex robot that offers flexibility in terms of risk management and position sizing.
It has stellar backtest results across multiple currency pairs and timeframes. The live trading accounts also showcase its ability to consistently generate profits in the markets.
With its innovative trading technology, ease of use, and helpful developer support – Prosperity Rising EA ticks all the right boxes for automated trading. I highly recommend giving this expert advisor a try to grow your Forex account.