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
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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
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.
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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.
