We found an expert advisor called Professional Trading Portfolio and thought it was a good candidate for this review. The developer says that they combined two strategies to create this particular expert advisor. Because of this reason, Professional Trading Portfolio boasts of an impressive 80% win rate.
But what are the strategies that this developer is talking about here?
Well, they are talking of their previously released tools called Breakout Trading System and Reversal Trading System which they say will increase profits significantly while cutting down losses.
The website of this developer can be accessed on this domain — ProfessionalTradingSystems.com. As you can see, this vendor appears to have worked on a couple more expert advisors in the recent past.
So this particular one is based on a 4-step procedure and is 100% hands-off. This is supposed to be good news for EA loving traders.
ProfessionalTradingSystems.com does not say where they operate from. However, a background check on this server suggests that they are based out of Germany. So there is a high probability that they are based in Europe.
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Traders who want to get in touch with them can do so via the contact form on their site. However, do not make that move if you’re not so sure of what you’re asking for.
You’d rather get started with these trading systems because we have tested them thoroughly and found them to be profitable.
This developer believes that by combining two separate strategies, Professional Trading Portfolio will have the ability to produce more consistent results in varying market conditions.
On the other hand, we have always understood that a well-refined expert advisor only has one expertise. There is no way that Professional Trading Portfolio will work with two strategies (volatility breakout and intraday reversal) that are mutually consistent in producing profits.
What is the point here? Well, the point is that when volatility breakout system fails, Intraday reversal picks up to offer some form of compensation, meaning that our equity curve can always maintain its steady and smooth climb.
So this is supposed to be the reason why Professional Trading Portfolio was able to achieve a remarkable 918% ROI in just 4 months.
Sounds like a good deal. But these marketing declarations have to be taken with a pinch of salt.
There is of course talks on how this system was back-tested and verified on a live trading environment. Let’s analyze these claims in the next paragraph which talks about the trading results for Professional Trading Portfolio.
This website has a very interesting section that gives prospective users a profit calculator which is supposed to help them see what they can potentially earn if they invest a specific amount of capital.
To us, this is a sales gimmick which is far from being realistic because those estimated profit results don’t measure up to the trading results which are associated with this expert advisor.
Also, we are not sure whether this profit calculator takes into account the 80% win rate of the so-called Professional Trading Portfolio.
In terms of trading results, we must admit that this developer has a couple of myfxbook accounts which they are taking advantage of to showcase how profitable Professional Trading Portfolio is.
This particular equity curve looks okay, although it is not giving us jaw dropping results.
Now, let’s discuss one of their myfxbook account. This account started tracking the activities of Professional Trading Portfolio in July 18, 2016. However, this myfxbook account stopped its activities in November 9, 2016.
During this testing period, the robot had a massive gain of 900%. However, it is no longer running, plus every element on that myfxbook page is locked or restricted.
There is only one reason why a developer would hide or restrict certain elements of their myfxbook account from being publicly scrutinized. There is a possibility that this account crashed, and for that reason, the developer didn’t see the need to continue ruining their reputation with poor myfxbook results.
Now, the other account which is considered the main vendor account is just a demo as opposed to a real account.
This demo account has gained over 153% since February 2015. So far, it has been growing steadily, making slightly over 3% each month. Maximum draw down is just above the 12% mark.
The bottom line is that most of the gains for this robot happened between 2015 and 2016. Then in 2017, Professional Trading Portfolio started losing money. At the time of writing this review, it had lost -6.87% in a period of 6 months.
One thing that traders need to realize is that this vendor is demo trading on this myfxbook account. The account in question is hosted by FXPro broker.
And the reason why they chose to demo-trade instead of live trading is because they don’t have confidence in this robot. If the developer does not trust their own creation to handle real money, then you’re seriously at risk of losing your hard-earned money.
This robot is among the most expensive expert advisors in the market. It costs a whooping $2000 just to purchase a license. That price point is so high. We wonder if traders will be willing to fork out $2,000 to get a robot whose owner is not confident in the first place.
This price point is just too high for the average trader to pay in the name of purchasing a copy of the Professional Trading Portfolio.
Although there is a 30-day free trial offer for anyone who wants to try it out, issues tend to emerge whenever traders ask for a refund. There is no saying that this developer will honor their word by giving you a full refund.
In short, due to sketchy trade performance, we cannot vouch for this software to sell for a whooping $2,000.
We’ve got a couple of user feedback on the website where Professional Trading Portfolio is sold at. But when we look for these reviews out of this space, we can’t find much.
We wonder why people are only talking about this expert advisor inside the domain space and not outside, such as in forums where robots are talked about.
There is a chance that these testimonials are mere fabrications. We can never tell.
And so far, this vendor has failed to prove that Professional Trading Portfolio can sustain a win rate of 80%. They didn’t demonstrate it, which is one reason why you should not pay that price in the name of purchasing it.
We do not deny the fact that there are still a few positive points to say about Professional Trading Portfolio. But at the same time, setbacks exist which actually discourage us from including it in this list of trusted Forex robots this year.
According to our analysis, we do not think that this robot can measure up to the performance of an expert advisor worth that price tag.
You see, if you got your copy in 2015, you would have probably smiled all the way to the bank because of the returns. However, with the current market conditions, this robot just can’t perform. Either this vendor will have to make several adjustments or say goodbye to it. We are just being honest.
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