Forex Paris 2021 is a trading advisor that was released on March 23, 2021. Since then, people purchased the robot 8 times and downloaded it for checking 1077 times. The current version is 3.0 from May 03, 2021.
Vendor Transparency
![Vendor Transparency](https://topfxmanagers.com/wp-content/uploads/2021/06/Vendor-Transparency-1.jpg)
The vendor has a medium level of transparency. We can see his portfolio with scam-like rates.
![Ruben Octavio Gonzalez Aviles](https://topfxmanagers.com/wp-content/uploads/2021/06/Ruben-Octavio-Gonzalez-Aviles-1.jpg)
Ruben Octavio Gonzalez Aviles, the developer of this EA, has a 2.2 out of 5 star rate based on 130 reviews.
How Forex Paris Works
We prepared the next list of advisor’s features:
- Forex Paris is a fully automated trading advisor.
- It doesn’t open orders often.
- As soon as the deal is profitable, the system tries to close it.
- The developer suggests we use VanrageFx as our main broker.
- There are MT4 and MT5 packages.
- It can work with dynamic and fixed Stop Losses and Take Profits.
- The robot doesn’t open more than one order at once.
- It can be attached to any time frame.
![Input Parameters](https://topfxmanagers.com/wp-content/uploads/2021/06/Forex-Paris.png)
- We don’t have many input parameters to customize.
Timeframe, Currency Pairs, Deposit
- The robot provides us with trading EUR/USD and GBP/USD.
- We don’t know what time frame the system works on.
- The deposit can be $1000 or higher.
Trading Approach
- The system has a “2-in-1 adaptive and dynamic algorithm with more than 99% profitable trades in the historical backtest.”
- The advisor doesn’t execute risky strategies.
Pricing and Refund
![Introductory offer](https://topfxmanagers.com/wp-content/uploads/2021/06/Forex-Paris1.png)
Forex Paris EA costs $349 for a single real or demo account license. There’s a single rental option available for $199 monthly. We can download the robot to execute a backtest before purchasing. The deal is not supported by a money-back guarantee.
Trading Results
![Paris static mode results](https://topfxmanagers.com/wp-content/uploads/2021/06/Trading-Results-1.jpg)
![Paris Static Mode](https://topfxmanagers.com/wp-content/uploads/2021/06/paris-static-mode-1.jpg)
We have a GBP/USD backtest report. The time frame chosen was M1. The data period was set for 2016-2021 years. The History Quality is 99%. An initial deposit was $1000. The total net profit has amounted to $6,660.60. The Profit Factor was 11.92. The maximal drawdown was 8.60%. It has traded 539 trades. The win rate was 98.51% for Shorts and 99.63% for Longs.
![ParisEA grafic](https://topfxmanagers.com/wp-content/uploads/2021/06/paris-ea-grafic-1.jpg)
The robot worked on a real account on the Vantage FX broker. The developer didn’t mention this account after it was removed from MQL5. The leverage was 1:500. The platform was MetaTrader5. The account had a verified track record and verified trading privileges. It was created on April 13, 2021, deposited at $450, and withdrawn at $341. Since then, the absolute gain has become -39.05%. The profit has amounted -$108.95. The maximum drawdown was 42.20%.
![Paris EA trades](https://topfxmanagers.com/wp-content/uploads/2021/06/paris-ea-trades-1.jpg)
The robot traded 10 orders with -151.4 pips. An average win was 5.77 pips when an average loss was insanely high -63.93 pips. The win rate was 85% for Longs and 33% for Shorts. An average trade length was almost nine hours. The Profit Factor was 0.26. Everything less than 1 is a scam.
![Currency](https://topfxmanagers.com/wp-content/uploads/2021/06/paris-ea-trades2-1.jpg)
The system closed both symbols with losses.
![Winners vs Losers_Hours](https://topfxmanagers.com/wp-content/uploads/2021/06/1.png)
The advisor didn’t have favorite hours to trade.
![Winners vs Losers_Days](https://topfxmanagers.com/wp-content/uploads/2021/06/paris-days-2.jpg)
Most of the deals were opened on Friday (4).
![ParisEA trades dates](https://topfxmanagers.com/wp-content/uploads/2021/06/paris-ea-trades3-1.jpg)
We may note that the last two losses occurred when the system traded without SL and TP levels.
![Monthly Gain](https://topfxmanagers.com/wp-content/uploads/2021/06/monthly-gain-2.jpg)
Forex Paris robot couldn’t close even a month with profits.
People say that Forex Paris is…
![Feedback](https://topfxmanagers.com/wp-content/uploads/2021/06/feedback-1.jpg)
A scam. The last comments mentioned that the system is a scam and shouldn’t be used at all.
Verdict
Pros | Cons |
Backtest report provided | No risk advice given |
No money-management advice provided | |
Trading results are scam | |
The system can’t trade as good as on the backtests | |
High pricing | |
No refund policy provided | |
Much negative feedback published from real customers |
Forex Paris EA Conclusion
Forex Paris EA is a robot that has become a scam over a month ago. It worked with insanely deep Stop Loss levels. One loss should be covered by about fifteen profitable orders. As a result, people started experiencing several deep SLs in a short period of time. Many accounts were damaged. You have to avoid it for the best.
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