FXGoodWay is a Forex robot that automatically decides when to open or close positions on your account. The EA was designed in such a way that it would bring maximum profit with minimal risks.
Trading Idea
FXGoodWay is based on a <strong>Grid Strategy</strong>.
Specifications
License
One License for any account (demo or real) with no limitation on account number changing.
Broker / VPS Combination
FXGoodWay is compatible with any broker. While in order to get the best achievable stability and profitability, we recommend using Golden Pickaxe on Tickmill Forex brokers in conjunction with TradingFX VPS Forex VPS.
Account Balance
The minimum deposit needed for trading with FXGoodWay is $700.
User Guide
A detailed user guide is included.
Updates
FREE lifetime updates are available.
Support
The best client support is included.
Refund Policy
FXGoodWay developers are confident in the reliability of their EA and therefore they provide a 30-day money-back guarantee in case of technical problems and if the trading is unsuccessful!
Supported Currency Pairs
MetaTrader Chart Timeframe
![MyFxBots Admin [www.myfxbots.com]](/assets/media/avatars/myfxbots-admin.png "MyFxBots Admin [www.myfxbots.com]")
MyFxBook Verified Real Money Trading Result Statements
Successful Forex robots differ from incompetent ones by having profitable statistics on a live account (not a demo) and for a sufficiently long period. FXGoodWay EA has been trading for a long time and shows stable and reliable results.
Here are the results of trading on a real money account! As you can see, FXGoodWay's profitability is constant and without unprofitable trading weeks or months. All trading results are verified by Myfxbook (an independent 3rd party agent).
Live Test Summary
Live Test Summary
Live Test Summary
MetaTrader Strategy Tester Historical Data Backtests
FXGoodWay is confident due to successful backtest results for over 6 years. Here you can see these results which show the same stability as in live trading.
Backtests Settings
Backtests Results
Backtests Settings
Backtests Results
Backtests Settings
Backtests Results
Trading Strategy
FXGoodWay was originally developed for EURUSD trading, and now there is also a version available for the USDCHF pair. It is based on a <strong>Grid strategy</strong>. It trades only in the direction of the trend using certain patterns (sessions) of settings.
Market conditions are recognized uniquely by the EA. Every day FXGoodWay decides which pattern to use in the current market situation. If there are no open orders for the same pattern, the EA opens the next session. When the price moves in the opposite direction, each pattern opens a grid of orders. Each basket of orders is closed only by TP.
Thanks to its strategy FXGoodWay trades often and makes profits.
Smooth Profit
FXGoodWay uses special algorithms for opening trades and, most importantly, closing them afterward. This allows it to close its positions profitably. Thanks to this a constant profit every week could be achieved, without protracted drawdowns and unprofitable trading months.
Multi-Session Logic
Using multiple sessions (logics) at once is possible with FXGoodWay's unique algorithm. The system analyzes the current state of the market and based on the data received, decides which logic to apply. It also decides whether or not to trade using other sessions at the same time. All this together allows for a significant increase in EA profitability, without increasing 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 especially for you. You just need to specify which part of the deposit you are ready to use for trading. That's all it takes; the system will calculate the lots and limit the drawdown.
The New Version FXGoodWay X2
In the upgrade of FXGoodWay, the EA developers decided not to change what has been working for a long time. Instead, they added more features. In the most recent version, FXGoodWay X2 is now available with two sets of settings, including many patterns (sessions).
In the EA settings, 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. It uses up to 10 patterns
- Set 2 consists of newly developed settings that have also been tested for a long time on a real account, the results of which you can find in the Statistics section. It uses up to 7 patterns.
The most important aspect is that the patterns (sessions) are designed to trade differently from each other, even when using two sets at the same time.
Other Forex Robots from Forex Store
FXTrackPRO Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm.
The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.
Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.
Forex Truck Expert Advisor has a special feature - it consists of two blocks that work together in addition to risk control.
The strategy and algorithms used in the EA made it possible to achieve full compatibility with any broker, so there is no need to select a broker with special trading conditions - any broker will do.
FXQuasar Expert Advisor does not use indicators.
It works directly with quotes and internal algorithms for analyzing the current market situation, as well as analyzing price movements over the past few days.
Based on the results obtained, it decides whether to open a trade or wait and in which direction to trade.
To a greater extent, a price in the Forex market has a certain amplitude of fluctuation - replacing an upward movement with a downward one.
Based on this principle, FXHelix collects recent data on price movements to find a deviation from the average rate of price movement during a certain period. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.
No indicators are used by FXConstant. Price movements are directly analyzed by the EA. Patterns are activated based on price movement specificity.
ForexExtract is an interesting robot that, has many levels of protection which provide good reliability and security for the user's account. But even if they all fail for some reason, due to some unprecedented Market upheaval, ForexExtract has a built-in drawdown limitation mechanism that will protect your account from significant losses.
FXCipher has two built-in strategies, designed to adapt to a situation in the Market. Trading using one of them, the EA will switch to another strategy in case of certain circumstances, in order to minimize risks and increase efficiency. This helps to ensure the high reliability of the robot along with good profitability.
FX Jetbot's developers claim that they have put a lot of effort into developing and afterward configuring a special algorithm that very effectively finds the Market entry points. They also ensure that this algorithm can quite accurately predict where the price will go.
FX Jetbot almost always works with a fixed lot, without using Martingale.
FX Quake algorithm is based on a grid strategy with a small lot increase and drawdown limiting system.
A Forex trading system that combines two completely different Forex Strategies, called CORE1 (Trend Following) and CORE2 (MA indicator). Both systems use powerful drawdown control systems.
Tags
Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
