R Factor EA Review

Feb 22, 2021 04:13 PM ET
R Factor EA Review

R Factor EA

Type

Expert Advisor

Price

$499 and three-month rent for $150

Strategy

Scalp

Compatible Platforms

MT4

Currency Pairs

n/a

Timeframe

n/a

Recommended Min. Deposit

$100

Recommended Deposit

n/a (from $1000)

Leverage

n/a ( 1:500)

Trade length

One and the half hours

 

R Factor EA Characteristics

R Factor EA is an expert advisor that was designed by Raphael Minato from Brazil. It was released on January 9, 2021. The last version is 1.5 from January 30, 2021. We have written the detailed R Factor EA review to explain everything you need to know about this robot.

Trading Strategy Explanation

Here is the list of key features and trading strategy details of this EA:

  • The robot works fully-automatically.

  • We know that the system was tested on the three-year thick data received from brokers.

  • The test was performed using methods of robustness, randomness, Walk Forward Analysis, and so on.

R Factor EA presentation

  • It’d be better if the developer provides a more clear vision of what’s going on.

  • From the wording, we may think that there’s a Grid plus Martingale combo on the board.

  • We have to run the robot only on an ECN account to be profitable.

  • The dev suggests we use IC Markets as the main broker. So, there’d be a Scalping strategy.

  • The money-management system sets Stop Loss and Take Profit levels for all open orders.

  • The developer insisted that the robot doesn’t use Grid, Hedge, Averaging, and Martingale strategies.

  • The system uses an “intelligent trade exit system.”

  • The minimum balance requirements are $100 for running twelve pairs at the same time.

  • We’ll get access to the Telegram channel.

Backtest Data Analysis

R Factor EA Backtest Data Analysis

We have got a gif-video with the  GBP/CHF backtest report based on the 12-month data. It was performed on the M15 time frame. The modeling quality was 99.90%. The broker provides variable spreads for the test. An initial deposit was $1000. The total net profit was $3507k. The Profit Factor was 6.87. The maximum drawdown was a quite low one -6.78%. R Factor EA has closed 589 deals with 91%-88% of the win-rate.

Live Trading Data Analysis

Trading Results

Myfxbook Account

Real (AUD), IC Markets

Started

May 17, 2018

Deposit

n/a

Balance

n/a

Gain

+10269.6%

Daily

+0.46%

Monthly

+14.80%

Drawdown

-34.96%

Profitability

2.20

 

R Factor EA Myfxbook

R Factor EA runs the real AUD account on IC Markets. It uses technical indicators and trades automatically on the MetaTrader 4 platform. The leverage is set at 1:500. There are Verified Track Record and Trading Privileges Verified badges. The account was created on May 17, 2018. Since then, the absolute gain is +10269.6%. An average monthly gain is +14.80%. The maximum drawdown is high - 34.96%.

R Factor EA drawdown

As we can see, the robot likes sitting in the big and consistent drawdowns.

R Factor EA advanced statistics

R Forex EA has closed only 197 deals with little pips - 653. An average win is 6.92 pips when an average loss is -5.54 pips. The win-rate is 66% for Longs and 75% for Shorts. An average trade length is one and a half hours. The Profit Factor is 2.20.

R Factor EA trading results

The robot trades EUR/CAD equally by the number of trades and pips in the both directions.

R Factor EA trading results

The system scalps during the night hours.

R Factor EA trading results

The less traded day is Monday (17 deals only).

R Factor EA trading results

The expert advisor runs the account with the medium risks to the account balance. There’s a 20.88% chance to lose 10% of the account.

R Factor EA trading results history

The trading history is closed from us.

R Factor EA monthly gain

R Factor EA monthly gain

As we can see, the robot has never been a stable, predictable and well-traded solution.

The company

R Factor EA. The company

Raphael Minato is a developer from Brazil. His profile has a 3517 rate and 1086 friends. There are 12 signals and a single product.

R Factor EA. There are 12 signals and a single product.

Many of these signals have a high score among the other signals on the MQL5 forum.

Pricing

R Factor EA Pricing

R Factor EA costs $499 for a copy. We can rent out the robot for three months for $150. We are free to download the robot to check his settings on the terminal and perform our own backtests if needed.

Review Summary

Pros

Cons

  • Backtest report revealed
  • No settings explanations given
  • Real-account trading results provided
  • No money-management advice provided
  • The three-month rent provided
  • No strategy explanations given
 
  • The system doesn’t work stable, trading with high risks and drawdowns
 
  • The offer is overpriced
 
  • No money-back-guarantee provided

Conclusion

R Factor EA is a just published robot on the MQL5 platform. The robot most-likely performs a scalping strategy cutting out little profits during the night trading. The robot has weird several-year trading results. The account lacks transparency. So, we can’t be sure they are relevant for a just published expert advisor. The pricing is high, but there’s a welcome rent option.

Rating: 4/10


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