FXRapidEA is a Forex expert advisor that promises to reach profit goals faster and to protect the user against losses. Powered by Forexstore.com, this is a robot that works with all MT4 and MT5 brokers. However, it is up to us to conduct a thorough analysis of the various system aspects to determine whether it is truly profitable.

FXRapidEA: Characteristics

According to the FXRapidEA  developer, this EA does not keep its positions open in the market for too long. Typically, orders opened by FXRapidEA stay open for a few hours and sometimes for 1-2 days at most. It seems like the EA follows a high-frequency strategy, and as we know, such strategies often turn out to be risky.

FXRapidEA has a drawdown limiting feature due to which you can enter the maximum risk level in the EA settings. The vendor claims this is an effective way to reduce losses. In spite of this, the EA fails to avoid losing consecutive trades, as is evident from the live trading statistics.

This EA works with NFA-regulated brokers and those that follow the FIFO rule. It is a fully automated system that comes with a user manual. It will take around two minutes to set the robot up and configure it. The customer support team remains active 24/7 to offer you assistance, should you require it.

Currency pairs, strategy, and timeframe

There are two versions of this robot, namely FXRapidEA DUE and FXRapidEA QUATTRO. While the first one trades in EUR/USD and NZD/USD, the second one trades in two additional pairs, USD/JPY, AUD/USD. To get started, you need at least $460.

This is a trend trading EA that gauges the direction of the trend with the help of algorithms. In case a rollback takes place with the price line, the EA opens an additional order in the direction of the trend in an attempt to enhance the profit. Sometimes, the market changes direction, and the trend goes against you, and in this case, FXRapidEA closes all open trades. 

After the formation of a new trend, it opens positions to compensate for the losses suffered, repeating this process as many times as needed. We think this is a risky trading approach that can lead to even larger losses.

FXRapidEA trading performance

Backtesting results for EUR/USD.

This backtest was carried out from 2017 to 2020 with 90% modeling quality for the H1 timeframe. The EA started with a deposit of $5000. It placed a total of 963 trades, winning 61.37% of them and generating a profit of $73661.15. 

One of the things that concern us about this backtesting result is the high relative drawdown of 33.78%. This indicates a high risk of ruin and trading with such a high drawdown may lead to large losses that can be difficult to recover from.

Growth chart for FXRapidEA.

On the official website, the vendor has shared the link to this live trading account on Myfxbook. The EA has placed a total of 437 trades through this account, managing a win rate of 59%, which is slightly lower in comparison to the backtest. Currently, the daily and monthly gains are 0.41% and 13.07% respectively. 

The profit factor for this account is 1.65. Here also, we can see a high drawdown of 31.78%. The fact that the EA follows a risky approach can be confirmed by looking at the recent trades. 

Trading result of FXRapidEA.

As you can see, the robot has lost most of the trades it has placed recently. Some of the losses have been quite large, so clearly it is very risky to use this system for live trading. 

How much does it cost?

FXRapidEA DUE is priced at $269 and you can buy FXRapidEA QUATTRO at the price of $349. With both the accounts you get free lifetime updates and a single lifetime license. The vendor offers a 30-day money-back guarantee in case the loss on your account exceeds 35%.

Reviews from customers

Since there are no user reviews for this Forex EA on popular third-party websites, we have no idea what other users are saying about it. It could be that they do not trust a system with such a high drawdown.

Should you use FXRapidEA robot?

Verified trading resultsHigh drawdown
Lack of vendor transparency
No customer reviews


In the end, we would like to say that FXRapidEA is not worth spending money on. We have little or no data on the vendor, and the live statistics of the system is below-par. Also, not many traders have used  this robot and benefited from it, since there are no reviews to be found on the web.