Forex Paris Review

Apr 21, 2021 11:07 AM ET
Forex Paris Review

Forex Paris




$349, one-month rent $199



Compatible Platforms

MT4 or MT5

Currency Pairs

EUR/USD and GBP/USD. The robot can be used on any other currency pair too.


M1 (?)

Recommended Min. Deposit


Recommended Deposit



1:100 (?)

Trade length

Three hours


Forex Paris Characteristics

Forex Paris 2021 was published on the MQL5 community less than a month ago, on March 23, 2021, by Ruben Octavio. The system was downloaded 748 times. The 2.0 last version of the system was released on April 20, 2021.

Trading Strategy Explanation

The presentation is one and a half pages short. We could group up everything important for you:

  • There are 4 from 10 copies left for a $349 price. The next 10 copies will be sold for $399.

  • The system is a completely automatic trading solution.

  • There’s, as the developer mentioned, a 2-in-1 adaptive and dynamic algorithm with more than 99% profitable trades in the historical backtest.

  • The robot trades with low frequency.

  • It doesn't keep trades on the market for a long time. They are usually closed within a trading day.

  • The system doesn’t run risky strategies like Martingale, Smart Recovery, Grid of orders, or Cost Averaging.

  • We may use a VantageFX broker suggested by the developer.

  • The system is delivered in both versions MT5 and MT4.

  • The robot places fixed Stop Loss and Take Profit to cover deals from huge losses.

  • It doesn’t open more than one trade at a time.

  • The robot uses two algorithms for GBP/USD and EUR/USD.

  • If we want, we can use the robot on the other symbols.

  • We can use it in any time frame. The system still works well.

Forex Paris. The developer provides a list of parameters.

  • The developer provides a list of parameters.

  • We can set any Stop Loss and Take Profit levels we want.

  • There’s a magic number that allows us to know what deals were traded by this EA.

  • The developer insisted that we have to test the system before going live.

Backtest Data Analysis

Forex Paris Backtest Data Analysis

Forex Paris Backtest Data Analysis

The presentation is featured by a backtest report for GBP/USD on the M1 time frame. The History Quality is 99%. There were 1,943,239 bars in the test. An initial deposit was $500. The total net profit has become $344,568. The Profit Factor was 98.17. The maximal drawdown was 19.93%. The advisor traded 539 trades with 98.51% of the win-rate for Shorts and 99.63% for Longs. 

Live Trading Data Analysis

Trading Results

Myfxbook Account

Real (USD), VintageFX


March 23, 2021
















Forex Paris trading results

The system works on the real $100 account on VintageFX. The Growth chart shows that the system is a scam. The leverage is set at 1:100. The win rate is 90.9%. Trading activity is impossibly low (9.1%). It’s online for five weeks. The maximum drawdown is 28.8%.

Forex Paris trading results

An average trade frequency is eight deals weekly.

Forex Paris trading results

The system started digging into the balance.

Forex Paris drawdowns

Several days the robot traded with huge drawdowns.

Forex Paris trading results

As we can see, the high win rate on the backtest often doesn’t match the real account trading activities.

Forex Paris trading results

The system traded 22 deals. The Gross Profit is $33.61 when the Gross Loss is -$41.85. The maximum deposit load is 76.33%. An average trade length is four hours. The Recovery Factor is -0.22. The negative number means the system is not profitable at all. The Profit Factor is 0.80. An average win is $1.68 when an average loss is -$20.93. It’s dangerous to use this robot.

Forex Paris trading results

The losses occurred in both pairs. It trades them equally by the number of orders.

The company

Forex Paris. The developer is from Switzerland.

The developer is from Switzerland. He has a 4072 rate and 487 friends. The portfolio includes signals from Cairo 2021 and Paris 2021 robots. There are also eight products on the board.


Forex Paris Pricing

Forex Paris 2021 costs $349 for a digital copy. There’s a single rent option for $199 monthly. We can download the system for free to try it on the terminal, perform backtest, and check settings.

Review Summary



  • The real person behind the system
  • No strategy explanations provided
  • Backtest reports provided
  • No money-management advice given
  • Real account trading results provided
  • No monthly pips expectations provided
  • The robot is just several weeks old
  • The trading results are horrible
  • The Profit Factor is less than 1
  • No money-back-guarantee allowed
  • Lack of rental offers


Forex Paris 2021 is a several-week-old trading advisor that works with high accuracy but no profits. The system is designed to trade with insanely deep SLs and little TPs. There’s no initiative risk management that will be close deals that are going to be lost. So, the system is a scam and doesn’t worth being bought.

Rating: 2/10

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