ProForexEA.com Review

2.642 • 11 REVIEWS
Out of business
Updated: Apr 13, 2022
The PRO VSA EA is a forex expert advisor by ProForexEA.com. The PRO VSA EA automated forex trading software for the MetaTrader platform places trades for you. The PRO VSA EA works on EUR/USD, GBP/USD, USD/JPY, EUR/JPY, USD/CAD, AUD/USD.
Website is down. Company seems to be out of business.
ProForexEA.com
Out of business
2.642 • 11 REVIEWS

Recent User Reviews of ProForexEA.com

M
mikekhod
Los Angeles, USA,
Dec 23, 2020,
Registered user

Demo hero ea

Service use: Demo Length of use: 3-6 Months
This EAs license agreement is illegal to begin with.
He can't suspend license because someone states their opinion and experience publicly. Hence that's a freedom of every human. Not sure how you think but it doesn't matter. This EA clearly loses money once used on live.
All the good reviews are by people he know.

FACT EA fails on live does good on demo due to slippage.

Dec 22, 2020 - 1 Star After reading your responses, your license agreement is not legal. You can't sell something and say I suspend when I want. Maybe in russia you can do that but in normal country with human rights and fairness it's Illegal and unfair.
You can't sell something, take someones money then say, my agreement says I can suspend if you insult author. Who do you think you are?
Put your ea on multiple live accounts of reputable brokers then talk. Demo hero ea you have with a lot of talking as if you have every right cuz of a silly illegal license agreement. You are very confused about the purpose and what can be disclosed in an agreement.
1 trader has found this review helpful
R
rigal
Singapore, Singapore,
Jul 19, 2020,
Registered user

Scam and has an algorithm to drain your account if the author chose so

Service use: Live Length of use: 0-3 Months
I just came across this expert about a months and a half ago.
Downloaded the version from the site and set it up on demo at Tickmill.
First bad sign was that the expert wouldn't backtest. Why would someone disable backtesting on an expert that doesn't need multiple pairs for its work?
I asked author the question, but Konstantin went all vague,  referring to some "defence mechanisms" and "dll dependencies" that make backtesting impossible. Sounded really weird as there are many experts out there,  well protected and with dll dependencies, backtesting just fine... 
After a couple of weeks of trading I did the analysis and the strategy didn't seem very solid: multiple tiny profits and a few chunkier losses, although trending up, smelled of a Demo Grail kind of strategy: an EA that leverages the lack of slippage and delays due to execution with liquidity provider.

I chatted with the author again, sharing my concerns and asking him if there's an option to test it in live, with min lot. He refused to accommodate the request, so I sourced the "fixed" version from one of the forums, the one that worked on real just like it was on demo.
I set it up on my live with min lot of 0.01 solely to verify the performance.
For another two weeks the expert was working on my live account and, as expected, it was making losses, where his demo brother was making profits - entering at the same point, but with minimal slippage involved, it couldn't close in the same tiny profit and was falling back to stop loss.
It is worth mentioning that I have a VIP account with Tickmill, my commissions are minimal and trading conditions are rather perfect. All MT4 instances are running on the beefy VPS with a latency less than 1ms.
 
Last Friday I was going through my VPS setup, cleaning and grooming, when I noticed the number of open deals in my trading view starts growing quickly.
I couldn't believe what I was seeing at first: every second there was a new order, each one 10 times bigger lot than the previous one.
It took me few seconds to react and by then I had 6 deals open: 0.01, 0.1, 1, 10, 100 and another 100 lots.
Those orders didn't have any comment or magic number associated with them as if someone opened them manually.
I immediately shut down all terminal instances that were autotrading, switched to the local instance and close all open order - as you can imagine, with substantial loss.
Further investigation showed those deals appeared in the logs on the MT instance that was running PRO VSA.
Interestingly enough, it didn't log anything in the expert log, just the common one.

It was rather obviously a sabotage by the author that somehow had discovered I was using it on real account.
Funny enough, the author pinged me in Telegram next morning, calling me names and claiming I "paid for being greedy".
I asked him, where did those deals come from and he first was all about "the person who hacked the EA did a mistake, messing it all up".
Which can't be the case by any stretch of imagination: for an advisor to start booking these deals without magic and comment, every second, multiplying the lot by 10 every time - someone should have wrote this code in the EA in the first place.
In addition, it was working just fine for two weeks.
When I presented those arguments, the author first suggested that "random portions of the algorithm being executed because the protection has detected the misuse" - which is terrifying idea on its own, suggesting he has embedded the algorithm in the EA that can wipe your account in seconds if for some reason it believes something isn't working as it should.
Just to remind you, the official manual suggests to restart the MT with the advisor running every week "to restore the connectivity with the server".

After our discussion was published on one of the forums, he has came up with the new idea: he was saying there is a hidden parameter in his code, called "hard scalping" - the one that is turning this draining algorithm on, and the hacker that messed with the code must have switched it on.

Which, again, doesn't add up, as the EA was working just fine for two weeks.

So my inference would be that the author has a button to drain your account.
This is a wild guess, a speculation - but an alternative explanation, suggesting there is an algorithm in the EA that may decide to do the same isn't much better really.

here's my myfxbook, for anyone interested to take a look:  http://www.myfxbook.com/members/rigal/scalpers/4616743
You want to filter by magic number (there are two marked “PRO VSA (proforexea)”) to see the two-weeks long curve trending down.
Select "manual" in magic analysis to see those USDJPY deals of 211.11 lots in total.

Just wanted to warn anyone to steer clear of this scam: the EA itself is not good, and the author seems to be dangerous psychopath. You don't want to hand a keys to your account to this kind of person.
1 trader has found this review helpful
R
Reply by Konstantin Boykachev submitted Aug 25, 2020:
Dear rigal. You are a skilled manipulator.

You wrote a huge text, but why are you hiding the most important part?
You are not my client, you are an arrogant, deceitful and greedy person who tried to use the hacked version on his account and paid for it.

If you knew what you were doing, you never installed the hacked demo version algorithm to your account.

I didn't invent anything. 0 fantasies.

In the process of hacking, to activate the demo version of a real account, you activated a parameter called hard crfktgby

Demo version of mt4 was hacked by you. As a result of the hack, you completely broke the algorithm by activating the hide parameters. These parameters led to the opening of the deals you are talking about.

Why are you trying to write a false review that you worked with my expert? You were using an incorrectly cracked version of the software.

If you had not used the incorrectly hacked version of the demo version of the trading robot, this would never have happened.

I have saved all the correspondence with you. I am very glad that people like you are being punished for their own stupidity and greed.

My algorithm has a perfect security system. This protection system completely excludes the possibility of breaking the algorithm.

Even if you manage to run the demo version on a real account, this will lead to a breakdown of the algorithm and incorrect operation of the algorithm.

In the event of a hack, the algorithm constantly sends notifications for you that the algorithm is not working correctly.

Result:

1.you are not my client
2. You are a scammer and a loser hacker
3. You tried to scare me that you will leave reviews
4. You do not indicate in your review that you have used a cracked version of the software.
5. You do not indicate in your review that the algorithm regularly warned you that the algorithm is not working correctly.

What clauses can you write here? Your review is of zero benefit and a complete lack of common sense.
J
joaofloresneto
Belém, Brazil,
Apr 8, 2020,
Registered user

Working real account

Service use: Live Length of use: over 1 Year
I have sent a 1 star rating, but I need to correct my review, after a warmly contact, support has sent new and updated version. I have tested it right now and it is working very well. Some guys are saying that it doesn´t work on real account, I am using it on my real account and working perfectly. Thank you very much.

Apr 1, 2020 - 1 Star I have bought Ultimate version, I know that there is a updated version, I am talking to support at least 1 month and they don´t send me new version.
1 trader has found this review helpful
C
Chan Panha
Phnom Penh, Cambodia,
Mar 12, 2020,
Registered user

Good EA will become bad if you chose wrong broker.

Service use: Live Length of use: 0-3 Months
I tried with many regulated brokers using this EA all failed due to high slippage. Finally, with NDDFX brokers with Saint Vincent Finance Service Authority (FSA) regulated, I'm be able to make money with minimal and acceptable slippage. So far, so good for me :) I will leave 5 star if this EA can run in many more regulated brokers in the future.
2 traders have found this review helpful
Forex Peace Army
Review moderation team note
The SVG FSA only registers forex brokers.  They do not regulate forex, binary, or crypto brokers.
M
mariosh
Nicosia, Cyprus,
Feb 20, 2020,
Registered user

Update regarding proforex EA

Service use: Live Length of use: 3-6 Months
Below is the response I have received on my email from proforex, and my response back:

I have declared you a scam because you are one. I have paid you 2000 EUR for your EA (Premium version), which it turned out to be a garbage and you did not have the dignity to refund my money, once I have asked you to do so.

You provide fake positive results based on demo accounts, but on real ones, your EA makes only losses, due to liquidity and volatility. But of course you already know that, since you don't have any remarkable positive outcome on a real account to show on your website. Only demo accounts results, in order to cheat on people and steal their money!

You also claim on your website that you provide direct communication with Premium version clients, but once I have paid you for your EA, after a while you disappeared, without responding to my phone calls, emails, or online chats. Very professional from your side!

You have also blocked my EA license because of the review I have wrote about you on forexpeacearmy. So, you don't accept negative criticism? Another prove of your "professionalism".

Having said that, not only I will remove your review from forexpeacearmy, but I will also post this communication also.

I don't need your EA. I have found professional and decent traders, with whom I have a good and profitable cooperation.

And one last thing: If you don't have knowledge or skills on forex trading, then stop dealing with it. I would suggest that you would find a real job, instead of cheating on people. Your depression is your payback for the pain you give to other people.


On Wednesday, February 19, 2020, 10:03:43 AM GMT+2, Proforexea LLC <no-reply@talk-me.ru> wrote:


So it seems you declared me a scam?)

Scam should not work for so long .. It should close ) Please change your review on forexpeacyarmy and I will send you an update. Current version 6.

Therefore, the link to 5.8 does not work ...

In August and September I lost a lot of money and as a result I went on vacation. May was very depressed and I can’t work.

Everything in life happens

Nov 8, 2019 - 1 Star I have paid 2000 EUR to buy the premium version of this EA, and I have tried it on the best forex brokers (pepperstone, icmarkets, axitrader, ig, etc) with VPS providers hosted on Equinix data centers (beeks, ultrafx, chocoping, etc). This EA makes only losses!!
Please bear in mind that in DEMO accounts is profitable. But there, there is lack of volatility and liquidity issues. In REAL accounts, this EA is just a c***! Nothing more.
I have contacted Konstantin Boykachev, the developer of this EA multiple times, by email or messenger, but his is not responding. Another scammer who steals hard earned money from people.
2 traders have found this review helpful
S
summerwine
Dublin, Ireland,
Feb 16, 2020,
Registered user

SAVE YOUR MONEY AND STAY AWAY

Service use: Live Length of use: 3-6 Months
I buy last year the Ultimate version and i try it on ICM, Pepperstone, Tickmill, Renesource Capital and all live acc went to 0.
This EA is a nice engineering on a demo acc but on real is just a dust in the wind, at least on MT4.
The support desk of PRO VSA is gone.
https://support.proforexea.com/?tabs=recent_questions
The support on Telegram is gone.
I mention that i have 12 years in this business and today i trade for living so i know what i do.
3 traders have found this review helpful
S
Reply by Konstantin Boykachev submitted Feb 18, 2020:
Hello!

Thank you for your kind words, lacking common sense. Saying negative is always easier. And the administration of this resource is always happy to publish a negative review. Positive reviews here do not pass moderation for some reason .... Do not know why?)

1. - If the site works on a demo, what are the reasons for it not to work on a live account?
If your broker has different trading conditions between a demo and a live account - write to your broker.
I create software, but I can not be responsible for the actions of brokers. Trade with honest brokers and everything will be ok
If your broker makes money on customer deposits, no scalping trading strategy will work.

2. Which version did you use? Judging by the logs of my server, you had version 5.5 Do you know the latest version 6.0, in which a number of problems with slipping and dishonest work of the broker against the client are solved? Please check your email.

3. You wrote to me when I was on vacation. It seems that it was in August.
I answered you as soon as I had the opportunity.
The number of requests that I receive is always very large, so I can not immediately respond to all requests.

4. Support forum has been disabled for more than 7 months. It is inconvenient neither for clients, nor for me.

5. Telegram @proforexeabot working stable. I answer absolutely all messages within 24 hours on weekdays

Where you wrote - I do not know

Bottom line: Negative feedback from a user who used the old version, more than 6 months ago. Thank you for my work.
Forex Peace Army
Review moderation team note
The FPA processes reviews for this page in the same way it processes reviews for other pages.  If any real reviewer has submitted one review under ONE name, or has submitted a series of reviews under ONE name and the review was not approved within 5 business days, that person needs to read the post here...

Hey Dude, Where's my Review?

This post explains well over 80% of all review rejections.  If the post doesn't explain the issue, there is a contact form at the bottom.  Anyone who fills out that contact form and provides a valid email address will get a response.
M
Mez guaqce
Kuala Lumpur, Malaysia,
Feb 10, 2020,
Registered user

powerful ea

Service use: Live Length of use: over 1 Year
Please use
broker = nddfx
type acc = ecn {usd500)
Platform = mt5
vps = chocoping
+this broker is DMA model and suit for
+no restriction trading style

Jan 24, 2020 - 5 Stars iam also bought... it proven profit 100% per week at AAFX broker.. since their rule cant trade below 30second and delete all my profit... iam still find broker that can handle the execution. Most of broker have bad execution and big gap spread when volatile.. server cant handle the price between Liquid Provider than make huge slippage... if we got fast execution like Aafx broker, EA can make 500% per month with Risk 3% per entry. now iam still wait from developer a New version, maybe New version have New parameter to avoid slippage..
2 traders have found this review helpful
W
Wallistic
London, United Kingdom,
Feb 10, 2020,
Registered user

Konstantin Behaving like a dictator

Service use: Live Length of use: 0-3 Months
I shared my honest review based on my experience over PRO VSA 6.0 licence which I paid $999.50 for.
Because I left a honest review, Konstantin has been harassing me via Telegram, he disabled my licence within two days, says it's the punishment for my negative review, he said he wouldn't refund me despite being removed from his server.

I am on ICMarkets which is one of the best brokers in the industry and I use ECN account. The setting of your EA ruins account, as it failed to go through breakeven. You can recruit as many people to leave star reviews, it's their business. However, my review is genuine and honest.

You have been abusive and calling me names because of my feedback, I see you like a child who's throwing tantrums and I don't want to trade insults with you.

Good luck to anyone who buys your EA as I know you will suspend their licence without refund. That's robbery. This is my second experience with Russian with similar behaviour.

. He claimed to be in Austria but its not true. His review doesn't show his location. Konstantin disabled

Feb 6, 2020 - 1 Star This EA is not worth $1. It appears promising on Demo but a complete loss of capital on live account. Konstantin promised a refund but when contacted about the dismal performance of the EA, he referred me to licence agreement. PLEASE, PLEASE PLEASE, don't waste your money. This EA could not make 5 pips even when the currency pair moved over 100pips but rather made a loss.

Reply by Konstantin Boykachev submitted Feb 9, 2020 1) If your broker has different trading conditions on a demo and on a live account - change the broker. I am a developer. And I’ve been developing scalping trading algorithms for many years. In total, we have more than 400 customers. I am not responsible for the actions of brokers, for the speed of their servers, as well as for the quality of services provided by brokers. Last version 6.0 has a number of significant improvements over other versions.



2) You are buying a product that has copyright protection and a license agreement. This agreement is valid for all customers. The license agreement states the refund policy.



You call me a scam. What reasons do you have for this?



You wrote that you need a refund. no problem, do it in accordance with our conditions.



1. Provide a report of your trading account.

2. Send your report to our mail.

3. Describe your problem.



You did it? Not. You immediately went here to write a silly text.



Your review does not make sense. Perhaps you are talking about any other product? Since I see that in your message there is a link to another topic.



Also, on the basis of a license agreement, I have the right to suspend your license, for insulting the author and disseminating false information, without evidence. The creation of this trading robot is the work of the last 3 years of my life. And when such stupid and incomprehensible people like you call me a scam - this is the most cruel thing you can do to me.
2 traders have found this review helpful
W
Reply by Konstantin Boykachev submitted Feb 11, 2020:
What are you talking about? Again, trying to distort the facts and my words.

I warned you that for disseminating false information, I have the right to terminate your license.

Similarly, this is indicated in the license agreement.

The moment I write this message, you are still using my software.
The license was not suspended, I only notified you that I can do this.
See a screenshot from my server.
https://prnt.sc/r0kkba


Insults?
I did not say a single insult to you. I just told you in telegram that I think about your mean deed.

Ask for help in telegrams, we are conducting a dialogue, but here you are saying that I am scam. Don't you think that doing it wrong?

Instead of engaging in an adequate dialogue, you decided it was easier to publicly call my name a scam.

And now keep telling lies.

1. I have not disabled your license. You continue to use the license, even now.
2. I have not made a single insult to you.

We can continue to do this further.
But your act, your words addressed to me, as well as a lie - does not cause me any further desire to conduct a dialogue with you.

Also, I informed you in telegrams that you are disconnected from updates and support on my part.
But I did not tell you that your license is disabled. I just warned that I can do this.

Therefore, please do not distort the words.
A
Aditia
Indonesia, Indonesia,
Jan 30, 2020,
Registered user

New Update

Service use: Live Length of use: 3-6 Months
Right now i am using different broker which must be NDD. So far profit is great with very low DD. One thing about this EA it is profitable but you have to choose your broker wisely. Please update my review so it will help others to see how its work.

Jan 28, 2020 - 1 Star I have buy standard with a good discount .. Also test it on demo account . On demo it work like magic.. Always profit with almost no risk. But in real live account still negative. Konstantin help setting my VPS also setting the EA. Already use it on several broker and also recommended VPS. But still no good result.
Also be very carefull with license agreement for money back guarantee. I didnt read it closely so I am stuck with non profit EA and no money back just lost my good earned money just to filled another recycle bin.
1 trader has found this review helpful
V
Valeriy
Moscow, Russian Federation,
Jan 24, 2020,
Registered user

Liked the work

Length of use: over 1 Year
I consulted with the developer of the proposed adviser several times before using it. I would like to thank Konstantin for the full consultation and subsequent technical support. If you need help, the author is always in touch.
Versions of the Pro VSA EA trading robot are constantly updated. I started using option 5.4, and now version 6.0 is already working. There are many settings here, so I customized the product to my needs and preferences. I trade calmly, without nerves.
I like the Standart tariff plan more. I wanted to say that I have never met such algorithms before. The only thing you need to use the London VPS server.
1 trader has found this review helpful