Introduction
Ruby Forex EA is an automated expert advisor built for the MetaTrader 4 platform. It operates exclusively on the EUR/USD currency pair using the 1-hour timeframe (H1). The system is marketed as fully automated and built to function without manual intervention.
Vendor and Operational Status
The developer behind Ruby Forex EA remains unidentified, with no disclosed company name, personnel credentials, or physical location. Domain registration records indicate launch in 2019, and subsequent software availability was limited. Current tracking platforms display that live trading updates have ceased, suggesting the product is no longer maintained or sold.
Core Features
Trading Pair and Timeframe
The software is designed specifically for trading the EUR/USD pair on the H1 timeframe. No other currency pairs or timeframes are documented.
Strategy Design
Ruby Forex EA purports to utilize a long-term trading logic. It explicitly avoids scalping and hedging strategies. Specifics of internal algorithmic rules, entry triggers, or risk calculations are not disclosed to users.
Automation and Usability
Installation requires placement of the EA file into the MT4 Expert Advisors directory. Once configured, it is intended to run autonomously. The vendor claims the tool is user‑friendly and suitable for both new and seasoned traders.
Account Compatibility and Minimum Deposit
The product claims compatibility with various account types, including micro, standard, ECN, and non‑dealing desk (NDD). A low minimum deposit of around USD 100 is promoted for live trading activation.
Money Management and Support
The EA includes automatic money‑management functionality, adjusting trade sizes and targets based on market behavior. Additional claims include regular software updates and 24/7 customer support. No independent confirmation of these services is available due to the inactivity of the official website.
Pricing Structure
Ruby Forex EA was offered in tiered licensing plans:
| Package | Price (USD) | Licenses | Duration |
|---|---|---|---|
| Basic | 299 | 2 | 12 months |
| Advanced | 399 | 3 | 18 months |
| Ultimate | 499 | 4 | 24 months |
Subscriptions required renewal according to the license term. A refund period of 30 days was advertised as part of the purchase.
Live Trading Performance
Verified Account Metrics
A verified live trading account exhibited cumulative gains of approximately −97.7%, with maximum drawdown near 63.44% and average monthly returns around −37.6%. The account generated 47 trades, with average trade duration of roughly 14 hours and 42 minutes.
Outcome Overview
Trading results show near-total loss of initial capital. Drawdown levels suggest the strategy was unable to preserve equity or adapt to market shifts. Updates ceased following the decline, indicating account closure or abandonment.
Disclaimer
All performance results are based on historical data and not a guarantee of future performance.
Risk Profile
The available trading record indicates a high-risk profile characterized by extreme drawdowns and capital depletion. The lack of recovery or updated activity suggests an inability to deliver consistent or sustainable performance.
Transparency and Trust Considerations
- Developer anonymity: No verified identity or background information is provided.
- Service discontinuation: Live account data is no longer updated.
- Opaque strategy: No technical breakdown of the trading logic or indicator use is made available.
- Unverified claims: Promised features such as regular updates and support cannot be validated independently.
Summary of Observations
Feature Set
Ruby Forex EA was marketed as a fully automated and user-friendly expert advisor for EUR/USD trading on the H1 timeframe. It claimed cross-account compatibility, adaptive money management, and a low minimum deposit threshold. The EA was positioned for use by traders of all experience levels.
Performance Outcomes
The only publicly tracked live account shows substantial financial losses, with equity eroding by over 97%. The trading feed ceased after sustained negative performance. There is no evidence of profitable periods or system recovery.
Vendor Status
The product appears discontinued. No vendor support or development activity has been observed. The official website is inactive, and the vendor remains anonymous.
Conclusion
Ruby Forex EA is a trading tool designed for the MetaTrader 4 platform, targeting EUR/USD trades using a one-hour timeframe. While promoted as fully automated with adaptive money management, the EA failed to deliver viable trading results. Historical data from the only live-tracked account indicates near-complete capital loss. The product is no longer active, and its vendor is unverified. All trading performance data are historical and not a guarantee of future results.
