![Ranger EA](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA.png)
The system was released on MQL5 on November 19, 2020 and has 1131 demo downloads. The developer is from the United States – Ryan Brown. The current EA’s version is 3.61 (December 3, 2020).
![Ranger EA Characteristics](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA6.png)
![Ranger EA has a five-star rate](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA5.png)
Now, Ranger EA has a five-star rate.
Detailed Forex Robot Review
The one-page presentation doesn’t include much intel. We’ve gathered everything we can find there:
- The EA works fully-automatically.
- There were backtests that were performed on the 10 years data that was obtained from brokers.
- The monthly profit can be from 2.5% to up to 10% depending on risks.
- The settings from the box is everything we need to work with the EA.
- The trading frequency is several deals weekly.
- The robot follows FIFO regulation.
- The robot works with GBP/CAD and AUD/CAD. There’s also NZD/CAD (from trading results).
- The robot “uses a corrective trading technique to turn losing trades into winners.” Alas, we don’t know any additional info about this.
- The GBP/CAD currency pair works only on M30.
- The AUD/CAD currency pair works on H1.
- The default settings are the best for AUD/CAD.
Ranger EA Strategy Test
![Ranger EA Strategy Test](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA1.png)
The MQL5 presentation is featured by an AUD/CAD backtest based on 10+ years data. The modeling quality was 99.90%. The absolute gain has become +104015.01% since January 10, 2010. The average monthly gain was +5.53%. The maximum drawdown was 55.85%. It’s quite a high number.
Demo Live Account Trading Results
![Ranger EA Myfxbook](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA4-1024x503.png)
The robot works on the demo USD account on the Trader’s Way robot. It works automatically on the MetaTrader 4 platform with 1:500 leverage. The account has Track Record and Trading Privileges Verified badges. It was created on January 07, 2020, and funded at $1000. Since then, the absolute gain has become +84.28%. An average monthly gain is 4.5%. The maximum drawdown is 10.19%. The account is tracked by 137 traders.
![Ranger EA advanced statistics](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA15-1024x256.png)
The system has traded 749 deals with 8968 pips. An average win (27.87 pips) equals an average loss (-26.49 pips). The win-rate is 70% for Longs and 71% for Shorts. An average trade length is one day. The Profit Factor is 2.75.
![Ranger EA trading results](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA12-1024x212.png)
From the currency pairs sheet we know not only about AUD/CAD, GBP/CAD, but also about NZD/CAD. The most traded and profitable currency pair is GBP/CAD with 448 deals with $461.21.
![Ranger EA trading results](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA11-1024x432.png)
The system trades during the European trading session.
![Ranger EA trading results](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA13-1024x436.png)
Its trades vary. Wednesday is much ahead with 193 deals.
![Ranger EA trading results](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA9-1024x108.png)
It works on the account with little risks to the balance.
![Ranger EA trading results](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA3-1024x285.png)
We can see how the grid of orders works.
![Ranger EA trading results](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA2-1024x568.png)
The robot runs risky Grids of ten orders. One of them can force the account to lose 10-20% of the balance.
![Ranger EA monthly gain](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA14.png)
As for a 10-deal Grid robot that profitability is quite low.
Pricing
![Ranger EA Pricing](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA7.png)
Ranger EA costs $497 for a product copy. The robot is overpriced. We’ve got some rental options: one-month and three-month rents. The one-month rent costs as little as $40. It’s the honest price. The three-month rent costs $120. We’re allowed to download it for free to check it on the terminal.
Customer Reviews
![Ranger EA Customer Reviews](https://forextraders.guide/wp-content/uploads/2021/03/Ranger-EA8.png)
The robot is new and the developer doesn’t push people to write comments after purchasing. So, there are only two positive comments.
Ranger EA is a young expert advisor that uses aggressive ten-order Grid with Martingale. As for a robot that trades that aggressively the trading results are mediocre.
It means the Grid system isn’t well-shaped. The robot cost is too high as for a Grid plus Martingale combo behind the system.
There’s no refund policy as well. Thus, we do not recommend this EA to the public.
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