Easy Forex Profits is a Forex trading service that is completely automated using a free trade mirror service, via FX Blue. The sender runs an EA which broadcasts trading activity. Subscribers run a copier EA which receives the signals and automatically mirrors the sender’s trades. Each subscriber has full control over risk settings and all other trading activity, via the parameters in the receiver EA.
The advantage of this is that, once set up, there is literally nothing left to do and you can leave it running 24/7 placing trades on the FX markets. It also means there are no additional subscriptions to trade copier services required, so you just pay for the signals which are currently £50/month.
The Easy Forex Profits website is rather basic and suggests the vendor is actually a trader rather than a marketer, and the spelling/grammar supports this hypothesis. In fact I found myself reading it in an east European accent.
Still, what matters are the results and so far it seems to be going ok.
I started receiving the signals at the beginning of August, but due to some issues I had with my VPS (I overloaded it by running far too many applications) I ended up upgrading and starting afresh mid August. This was unfortunate as I missed out on some nice winners but it’s been running fine since then.
I’ve set my risk to 2% which means that on each trade it sets the lot size according to the size of the stop, only risking 2% of my bank an any one trade.
I’m using a £1000 bank and so my lot sizes tend to be between 5p and 15p a pip at the moment, so really low risk. I had my first trade successfully mirrored on 17th August and since then I’ve had 20 trades with 11 winners and 9 losers and a profit to date of £2.28.
Had I got on all the trades in August I would have made 3.45% so it’s an encouraging start. They also proof their results on myfxbook so it’s completely transparent.
You can subscribe to Easy Forex Profits here.