FXGoodWay X2 Demo EA Review

FXGoodWay X2 Review

FXGoodWay X2 is a Forex robot that automatically decides when to open or close positions on your account. The EA was designed in such a way so that it would bring the maximum profit with minimal risks. FXGoodWay X2 is compatible with any broker that work on MetaTrader 4 and MetaTrader 5 platforms.

In the upgrade of FXGoodWay X2, the developers decided not to change what has been stably and successfully working for a long time, but simply add more features. In the new version FXGoodWay X2 are now available two sets of settings, which include many patterns (sessions). In the settings of the EA it is possible to choose whether to trade using Set 1, Set 2, or both sets at the same time. Set 1 is basically the old version of FXGoodWay. Set 2 – consists of new settings which have also been tested for a long time on a real account, the results of which you can find in the Statistics section. Set 1 uses up to 10 patterns; Set 2 - up to 7 patterns.

Features:

• Smooth profit
  In this EA the developers use special algorithms for opening trades and, most importantly, for closing them afterwards. This allows to always close positions in total profit. Thanks to this you will have a constant profit every week, without protracted drawdowns and unprofitable trading months.
• Multi-session logic
  FXGoodWay X2 has a unique algorithm that allows to simultaneously trade using several sessions (logics). The system analyzes the current state of the Market and based on the data received, decides which logic to apply and whether or not it should trade using other sessions at the same time. All this together allows to significantly increase a profitability of the EA, without increasing a drawdown.
• Auto risk calculation
  If you are not sure whether your risk calculations for the trading system are correct, or just do not want to bother with that, there is a completely automatic mode made specially for you. All that you will need is to specify which part of the deposit you are ready to use for trading. And that is all, the system will calculate the lots and limit the possible drawdown instead of you.
• Good results on backtests and live
  Successful Forex robots differ from the bad ones by the fact that they have profitable statistics on a live account (not on a demo) and most importantly for a sufficiently long period. FXGoodWay X2 already trades for almost a year and shows stable and reliable results. Also, the confidence in this system is complemented by the successful results of backtests for over 4 years.

Strategy

FXGoodWay X2 was developed for trading on EURUSD currency pair. It is based on a Grid strategy. It trades only in the direction of the trend using certain patterns (sessions) of settings. The EA has a unique system of recognition of the Market conditions. Every day FXGoodWay X2 decides which pattern to use in the current Market situation, and if there are no open orders of the same pattern, the EA opens a new session. Every pattern independently of each other opens a grid of orders when the price moves in the opposite direction. Each basket of orders is being closed only by TP. Thanks to its strategy FXGoodWay X2 trades often and brings a good profit.

Requirements

The minimum deposit needed for trading is $700. The EA works properly with any types of accounts and all the brokers which use MT4.