🔮 FXParabol EA Review — Parabolic SAR + Bollinger Bands Forex Robot
🔎 Overview
FXParabol EA is a fully automated Forex Expert Advisor for MT4 & MT5, built using a blend of the Parabolic SAR and Bollinger Bands indicators. It trades on three major pairs—USDJPY, USDCHF, and EURUSD—and includes a configurable drawdown control system alongside a loss-recovery algorithm.
🛠️ Strategy & Key Features
- 📈 Trend-based trading using Parabolic SAR + Bollinger Bands
- 🔄 Built-in loss compensation algorithm to recover from losing trades
- 📉 Configurable drawdown limits—offers safer usage when properly set
- 💻 Compatible with all broker types and account types, including NFA/FIFO
- 🆓 Lifetime license, free updates, 24/7 support, and a 30-day refund policy
ℹ Works across multiple pairs with “Aggressive” and “Normal” modes for flexible risk profiles.
📊 Performance Highlights
- ⏳ Backtests since 2015 show high returns in both “Aggressive” and “Normal” modes—USDJPY: up to ~$956k from $10k, 74% win rate, drawdown ~43%.
- 📈 Live Myfxbook accounts (since Aug 2020) show:
- USDJPY: +427% gain, max drawdown ~22.8%, ~10% monthly compounded return
- USDCHF: +372% gain, max drawdown up to ~59%, ~9% monthly return
- 🔢 Another account shows ~+1420% gain with 71% win rate, monthly ROI ~8.7%, drawdown ~46%!
✅ Pros
- Robust trend-following logic using proven indicators
- Multiple risk profiles with recovery and drawdown controls
- Live verified performance on Myfxbook
- Supports MT4 & MT5, any broker, with full updates & support
❌ Cons
- High drawdowns (up to nearly 60%) in aggressive scenarios
- Backtests modeling quality sometimes limited (e.g., 90%)
🎯 Ideal For
- Traders who focus solely on major pairs (USDJPY, USDCHF, EURUSD)
- Users comfortable managing medium-to-high drawdown for higher returns
- Adept automated traders using VPS and proper risk configuration
🚫 Not Ideal For
- Beginners or highly risk-averse users
- Those needing multi-pair diversification in one EA
🏁 Final Verdict
FXParabol EA executes a sound trend-following strategy using Parabolic SAR and Bollinger Bands with configurable risk limits, aggressive recovery logic, and multiple trading modes. Verified live performance shows strong gains but comes with high drawdowns. Best reserved for experienced traders who can manage risk sizing and understand automated robot dynamics.
by TopForexEA
The profitability to drawdown ratio of the FXParabol is good, but it is much higher on one live account than on another one. The system once reached a pretty high floating drawdown of 59%, which lowered the profitability to drawdown ratio for the USDCHF account to 0.15:1. This also lowers the mark here to 4 out of 5.
by Andriy K. (Ukraine)
FXParabol EA has exceeded my expectations. I use the Normal mode and consistently see 6–9% monthly growth. The combination of Parabolic SAR and Bollinger Bands makes trades very accurate. Highly recommend for medium-risk traders.
by James R. (UK)
The EA performs well, especially on USDJPY. I’ve tested both Normal and Aggressive modes — Normal is safer for long-term trading. Drawdown can get higher in Aggressive mode, so it depends on your risk appetite.
by Sofia L. (Spain)
I really like that FXParabol EA is available on both MT4 and MT5. The setup was simple, and I appreciate the lifetime license with free updates. Great long-term EA for trend followers.