• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Tioga Review

December 20, 2021 by Forex Winner Leave a Comment

Tioga

Tioga is an FX robot that uses the night scalping method for small and steady returns. It uses the mean reversion method during the end phase of the US session. As per the developer, this FX EA does not use dangerous methods like averaging, Martingale, Grid, or other approaches. It works on the MT4 or MT5 platform and uses a fixed SL for each position.

Detailed Forex Robot review

Features of Tioga

Ozkan Kara is the author of this FX EA. He is from Turkey and has four years of experience in FX trading. He has two products and one signal to his credit. No contact info is provided for the developer other than the messaging option on the MQL5 site. 

Best Forex Robots ›

Compare leading trading systems on the market

According to the developer, this trading tool works on all major currency pairs and he mentions his favorites as 11 pairs shown below:

Currency pairs that Tioga works on.

The robot uses the M5 timeframe and a single chart can be used for all the pairs provided the input parameters are compatible. A minimum balance of $300 is recommended by the author. Other recommendations include the use of ECN brokers with low spread and low commission as the system works during the night session when liquidity is low. For leverage, the author states that all leverage can be used but he recommends leverage of more than 100.

Tioga strategy tests

The developer mentions the use of a mean reversion approach by the EA. Trades are executed only for 2 hours from 21:00 to 22.59 GMT (London Time). The MT5 tool holds only a single position at a time for a currency pair. As per the developer, the default parameters are recommended for all pairs and the system can be used by newbies and experienced traders. It works on VPS. We find the strategy explanation is insufficient and does not provide insight into the approach and its effectiveness. 

A couple of backtesting results are posted on the official site. Here is one of the backtests:

Backtesting stats of Tioga.

From the above stats, we can see the EA had generated a net return of 113811.50 from an initial deposit of 3000 for a total of 1878 trades. For the test conducted from January 2021 to October 2021, the drawdown was 22.96%. Profitability of 99.15% and a profit factor of 5.84 were present for the account. From the results, we can see the profits are high and drawdown is low indicating a steady performance. 

Demo account trading results

A demo USD account that started in September 2021 is provided by the developer on the MQL5 site. Here is a screenshot of the trading stats:

Demo trading stats of Tioga.

From the above info, we can see the account has achieved 33.33% growth. For an initial deposit of $1000, the system has generated a profit of $333.34 with 91.5% profit trades and a maximum drawdown of 12%. A total of 577 trades have been executed with a profit factor of 1.65. Compared to the backtesting result, we find the profit is not as high as seen in the backtests. But the drawdown is lower in the demo account. Stats from a real account would help in a better analysis of the results.

Pricing

Pricing package of Tioga.
Discounted and original price of Tioga.

A festival discount of 60% is present for this FX EA until 4th January 2022 during which time you can buy it for $195. After 4th January, the price is $495. A rental option is present and costs $45 for a three-month rental. The developer does not provide info on the features available with the package. There is no mention of a refund offer. While the discounted price is affordable, the original amount is exorbitant when compared to the prevailing market rate.

Customer reviews

We found four reviews for this FX EA on the MQL5 site with a rating of 4.25/5. Here are a few of the user testimonials:

User complaining of losses with Tioga.
User review for Tioga.
User feedback for Tioga .

From the feedback, we can see the users are happy with the results produced by the EA save for one user who claims the system has generated huge losses.

Review Summary

Tioga is a night scalper that assures steady but small returns with its mean reversion method. The live signal and backtesting reports show a well-performing system with low risk. However, no real account trading stats are available and the strategy explanation is insufficient. Furthermore, the product is exorbitantly priced and does not have a money-back guarantee.

Advantages
A fully automated system
Backtests and demo trading results show a low drawdown
Disadvantages
The strategy is not explained properly
No real account trading results
No refund offer is available
5

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex Robots

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

FXTM

FXTM [ForexTime] Review

August 9, 2019 By Forex Winner

atc brokers

ATC Brokers Review

June 14, 2019 By Forex Winner

tier1fx

Tier1fx Review

February 18, 2020 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure