Easy Walker is a so discussable robot. Let’s get a closer look at it. The robot trades mostly on the M15 time frame. It’s designed to trade EUR/USD, GBP/USD, and EUR/GBP currency pairs. The devs prove that the robot works well with several brokerage companies: IC Markets, Pepperstone, Alpari, and FX Open. The money management system recommends setting the lot size of 0.01 per each $100 of the deposit with the risk equals 10.
Is Easy Walker an option in 2020 after losses in December 2019?
The robot is a multi-currency pair scalping EA that trades during the Asian session. EA runs a well-designed strategy for entering trades. The system has been enhanced by renko filters to reduce market noise and find the most optimal entry and exit points.
Easy Walker FX has been backtested on many currency pairs and timeframes.
This backtest has been run on the EUR/USD currency pair on the M1 time frame. The test has been performed with the money-management on, risk size 10, RiskMax 50, MaxSpread 2, SLpips level 43, four patterns on.
The initial deposit was $1000. The total net profit equaled $983000. The gross profit has been $1678K the gross loss -$695K. The profit factor has been 2.41. The absolute drawdown level was 8.99 when the maximal drawdown has been 15.81%. The short positions win-rate is 81.26%, long positions one is 72.14%.
It’s another backtest that has been performed on the GBP/CHF currency pair on the M15 time frame with the next settings: active money-management, RiskMin 10 and RiskMax 30, CountMin 20 and CountMax 60, MaxSpread 5.1, with the same SLpips 43, with four different logics on.
The initial deposit has been $1000 and total net profit equaled $3763. The amount of gross profit is $12174 and gross loss -$8410. The profit factor level equaled 1.46. The absolute drawdowns equal 45.06 and the max drawdowns 929.73 (23.13%). There have been traded 476 trades. The short positions win-rate was 65.61% totally 189 trades, longs one was 68.99% (287 trades), The average profit trade equaled $37.81 lose one was -$54.62.
Real trading results
The robot runs on many accounts. First of all, we’d like to see them working in general.
On the first account, the robot during a day has wasted over 4 years of the profit almost halved the account balance.
Another one looks the same 3 years of the profit has been wasted.
This one has been stopped in 2016 after over a year with no recovery.
This one looks like the previous one and has been stopped as well.
The last one has been stopped too. So, we’ve got 5 accounts where 3 have been stopped 4 years ago and two the rest have huge -30-50% of the account balance losses
Let’s look at one of these losers.
It’s a real AUD account. The robot works through IC Markets brokerage company with 1:500 leverage on the MetaTrader 4 platform. During almost five years, the robot has managed to increase the account balance to +547%. The average monthly gain is low and equals 2.61% with extremely high drawdowns that equal almost 30%. Easy Walker FX can’t trade safely and can easily lose a huge amount of money from the balance. Every data that can be interested in us is not allowed to see.
The robot has traded 5208 deals with only 5378 pips. The average win is two times shorter than a lose +5.83 pips/-11.07 pips. So, we can’t talk about any money-management system. The average win-rate for longs is 74% for shorts is 68%. The profit factor is one of the lowest across all robots we can know and equals 1.13.
The devs don’t allow us to know what currency pairs have brought that amount of the December 2019 loss.
The devs decided to recover the balance trading with extremely high risk. So, it’ll be able to turn into grounding the account balance.
The forex robot always trades unpredictably, but 2019 has been a disaster for it. The second account has died after -40% of the December loss. Devs decided to save at least one of these accounts. It’s been this one because of just -20% loss instead of -44%.
The offer
Easy Walker FX costs $350.
It can be bought in many ways including paying by Bitcoin. The package includes one real license. Also, we’re offered a no-questions-asked 30-day money-back guarantee. Supporting users go through visiting and asking questions on https://forumargolab.net/forums/easy-walker-fx_eng.46/ forum.
There available a 3-month subscription offer for $90.
Review Summary
Pros
- Good profitability during 2-4 years
- Real accounts trading results
- List of the suggested brokerage companies
- Well explained strategy and settings
- Support through the official forum
- 30-day no-questions-asked money-back guarantee
- Officially 3 currency-pairs supported
- It can trade up to 9 currency pairs
Cons
- 4 from 5 real accounts has been stopped
- no gain in three accounts during at least a year
- One account has been stopped after losing 40% of the balance
- Huge lost in December 2019 (-20% and -40% of the account balances)
- The average win in two times short than the loss
- The very low monthly gain
- High level of drawdowns
- Recovering the account via trading with extremely high risk
After the huge loss in December 2019, the robot has started recovering.
We’d like you to pay attention to how it goes because losses sometimes happen even huge like that one, but the most important how good the robot recovers the account balance.
We’re positive the next two-three months will show Easy Walker FX is still an option for investors who want to buy a scalper robot or not.
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