Posts tagged grid

FxPapa live forward test

Trading style: grid limited to 3 trades, with the entries at 60 pips distance from each other, operating in an average-down style; it has a seemingly dynamic TP (10 pips overall in grid mode) and it also has an internal SL. It is possible to configure the maximum percentage of the account that is at risk. The EA is actually a signal service.
Currency pairs: EURUSD, GBPUSD
Timeframe: H1
Price: $399

Forex Envy live forward test

Trading style: opens positions both long and short in a grid style, using martingale and creating a trade basket for each pair; the basket is closed when a target profit is reached.
Timeframe: M30
Price: $379 + $39 quarterly
License: 3 live, 3 demo accounts

The Grid Trading Course

When it comes to grid trading, I am generally very skeptical. Like most people, I associate grid EAs with crashed Forex accounts so when I heard about the Grid Trading Course I was wondering whether it’s yet another scam or if there’s anything to it, so I decided to contact the author and ask some [...]

Genial Invest live forward test

Trading style: basket of several concurrent trades with large SL & TP and an average duration of 2 days. According to the author, it's a mix of 80% automated trading and 20% manual. The manual input consists in increasing trade direction probability based on high impact news such as the economical issues of Greece or the USA. The trade entry & exit is fully managed by the EA, which looks for trendlines & support/resistance levels.
Currency pairs: EURUSD
Timeframe: any
Expert Advisor price: 30% of the profits it generates
Note: this is an EA that trades based on signals coming from a server.

Forex Gold Trader live forward test

Trading style: trades with a fixed TP in the direction of the underlying Gold trend. Multiple concurrent trades are possible, grid-style. No SL, so most likely problematic if the trend changes.
Currency pairs: XAUUSD (Gold)
Timeframe: H1
Expert Advisor price: $149

Kangaroo EA

About a month ago, several readers contacted me and pointed out Kangaroo EA. I must admit it stirred my curiosity at the time, even though it only had a forward test and some general info, so I followed it kind of closely and contacted the author about it. As it turns out, the developer extensively [...]

Forex Hacked

What a lame name for an EA. As if there was anything to hack about the forex market. To me, it’s pretty much screaming “bullshit”. It’s using a “call home” protection scheme, by which the server authenticates the user and the account that must be associated with the customer’s user in the client [...]

Forex Equity Builder

An EURCHF M5 martingale scalper EA that trades 24/5… A somewhat original concept compared to the others out there. Normally, most EAs (if not all) that use martingale will make your account vanish sooner or later, but before I make any assumption let’s see if that holds true with FX Equity [...]
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