Rofa System Funding EA: A Comprehensive Review
Rofa System Funding EA is an expert advisor designed for automated trading on the MetaTrader 4 platform. It focuses on trading major currency pairs like USDCHF, EURUSD, AUDNZD, and XAUUSD (gold). This EA is optimized for the M15 timeframe and aims to perform well during the London and New York trading sessions.
Overview and Features
EA is specifically targeted towards prop firm and challenge trading. It demonstrates consistent long-term profitability across different market conditions. The EA has a straightforward setup process for ease of use.
Some of the key features include:
- Trades on MetaTrader 4 platform
- Specializes in trading USDCHF, EURUSD, AUDNZD, and XAUUSD
- Optimal performance on M15 timeframe
- Designed for London and New York sessions
- Easy installation and configuration
- Preset files for different currency pairs
- Automated trading eliminates emotional decisions
- Customizable inputs allow risk management
Trading Strategy and Logic
The Rofa System Funding EA utilizes a mean reversion strategy for trading. It identifies overbought and oversold conditions through a proprietary algorithm and takes counter-trend trades.
Specific entry and exit rules are coded into the system based on rigorous backtesting. This ensures trades have a statistically higher probability of success over a large number of trades.
Risk management is handled through position sizing rules based on account size. For a $100K account, the EA risks between 0.3 to 1.5 lots per trade. Stop losses are also implemented to restrict losses if a trade moves against the position.
Backtest Results and Metrics
Extensive backtesting forms the foundation of any properly built trading system like the Rofa Funding EA. Based on the statistics, this EA has delivered stellar returns across different time periods.
Some key metrics from the backtests include:
- Total net profit over $590k
- Win rate of over 65%
- Maximum drawdown under 25%
- Over 770 trades executed
- Exceptional risk-reward ratios
These results demonstrate the EA’s edge in the market and ability to navigate various market regimes profitably.
The true test for any trading system comes from real-money trading results. The Rofa System Funding EA has shown phenomenal returns in live trading as well.
In one verified MyFXBook account, the EA grew a $10,000 account to over $27,000 in less than a year. This represents a 170% return amidst challenging trading conditions in 2022.
Such standout live performance gives further validity to the EA’s algorithms and trading logic for sustained profitability.
Pricing and Purchase Options
EA is available for purchase on various websites like ForexEAshop, ForexWary, and Forex4s. The original listed price is $2000.
However, significant discounts bring the cost down to around $15-45 on these platforms. This makes the EA easily accessible for all types of traders given the discounted price.
Payment options include credit card, PayPal, Skrill, Bitcoin, and other cryptocurrencies depending on the website.
Rofa System Funding EA Pros and Cons
Here are some of the main advantages and disadvantages of using the Rofa System Funding Expert Advisor:
- Proven long-term profitability
- Multiple currency pairs and metals trading
- Preset files for major pairs
- Customizable inputs and settings
- Verified live performance
- Huge discounts compared to list price
- Only works on MetaTrader 4 platform
- Internet connection required for trading
- No guarantee of profits (like any EA)
- Needs periodic monitoring and oversight
Rofa System Funding EA Conclusion
The Rofa System Funding EA is an exceptional automated trading system for MetaTrader 4 designed specifically for prop firm accounts. With features like a straightforward setup process, preset files for different assets, and customizable inputs for risk management, it offers an efficient solution for hands-free trading.
Extensive backtesting and stellar verified live results further validate the EA’s trading strategy and logic. Given the huge discounts compared to the original list price, the Rofa System Funding Expert Advisor offers an incredible value proposition for any serious trader. It’s one of the best EAs currently available for long-term, sustainable profits.