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

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

EURUSD & USDCHF.

MetaTrader Chart Timeframe

H1

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).

Started On
Jun 25, 2020
Leverage
1:500
Broker
FXOpen
Starting Balance
$2000
Total Gain
+833.18%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Jun 25, 2020
Account Leverage
1:500
Profit Factor
2.00
Total Gain
+833.18%
Absolute Gain
+833.18%
Monthly Gain
6.92%
Daily Gain
0.22%
Total Pips
5,178.4
Total Trades
682
Profit Amount
$16,663.63
(%) Won Trades
5,178.4
Drawdown
56.56%
Started On
Jul 14, 2021
Leverage
1:500
Broker
FXOpen
Starting Balance
$2000
Total Gain
+509.54%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Jul 14, 2021
Account Leverage
1:500
Profit Factor
2.05
Total Gain
+509.54%
Absolute Gain
+509.54%
Monthly Gain
9.16%
Daily Gain
0.29%
Total Pips
1,821.9
Total Trades
387
Profit Amount
$10,190.71
(%) Won Trades
1,821.9
Drawdown
44.81%
Started On
Nov 17, 2022
Leverage
1:500
Broker
FXOpen
Starting Balance
$1000
Total Gain
+140.92%
MyFxBook (Test Hoster)

Live Test Summary

Started On
Nov 17, 2022
Account Leverage
1:500
Profit Factor
2.75
Total Gain
+140.92%
Absolute Gain
+140.92%
Monthly Gain
23.14%
Daily Gain
0.69%
Total Pips
1,480.9
Total Trades
115
Profit Amount
$1,409.19
(%) Won Trades
1,480.9
Drawdown
45.94%

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.

View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2015.01.02 09:00 - 2020.12.03 00:00 (2015.01.01 - 2020.12.03)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2200145
Ticks modelled
21889054
Modelling quality
90.00%
Initial Deposit
$10000.00
Spread
20

Backtests Results

Total net profit
926215.25
Gross profit
1581968.99
Gross loss
-655753.74
Profit factor
2.41
Expected payoff
509.47
Absolute Bal DD
531.69
Maximal Bal DD
178583.97 (35.30%)
Relative Bal DD
46.44% (38472.08)
Total Trades
1818
Short positions (won %)
1335 (70.86%)
Long positions (won %)
483 (75.57%)
Profit trades (% of total)
1311 (72.11%)
Loss trades (% of total)
507 (27.89%)
Largest Profit trade
39264.99
Largest Loss trade
-15974.39
Average Profit trade
1206.69
Average Loss trade
-1293.40
Maximum consecutive wins (profit in money)
29 (63600.37)
Maximum consecutive losses (loss in money)
4 (-19209.47)
Maximal consecutive profit (count of wins)
63600.37 (29)
Maximal consecutive loss (count of losses)
-37976.42 (3)
Avarage consecutive wins
3
Avarage consecutive losses
1
View Full Backtest

Backtests Settings

Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2015.01.02 09:00 - 2020.12.03 00:00 (2015.01.01 - 2020.12.03)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2200145
Ticks modelled
21889054
Modelling quality
90.00%
Initial Deposit
$10000.00
Spread
20

Backtests Results

Total net profit
1213604.53
Gross profit
2075505.26
Gross loss
-861900.73
Profit factor
2.41
Expected payoff
957.86
Absolute Bal DD
7372.46
Maximal Bal DD
195231.18 (18.93%)
Relative Bal DD
81.37% (11477.06)
Total Trades
1267
Short positions (won %)
905 (71.05%)
Long positions (won %)
362 (76.24%)
Profit trades (% of total)
919 (72.53%)
Loss trades (% of total)
348 (27.47%)
Largest Profit trade
62812.36
Largest Loss trade
-25092.32
Average Profit trade
2258.44
Average Loss trade
-2476.73
Maximum consecutive wins (profit in money)
17 (76161.78)
Maximum consecutive losses (loss in money)
5 (-2206.12)
Maximal consecutive profit (count of wins)
94741.76 (15)
Maximal consecutive loss (count of losses)
-53050.73 (4)
Avarage consecutive wins
4
Avarage consecutive losses
1
View Full Backtest

Backtests Settings

Symbol
USDCHF (US Dollar vs Swiss Franc)
Period
1 Hour (H1) 2015.01.02 02:00 - 2020.12.03 00:00 (2015.01.01 - 2020.12.03)
Broker
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2077797
Ticks modelled
19301656
Modelling quality
90.00%
Initial Deposit
$20000.00
Spread
30

Backtests Results

Total net profit
866394.93
Gross profit
1582695.24
Gross loss
-716300.31
Profit factor
2.21
Expected payoff
315.97
Absolute Bal DD
4929.95
Maximal Bal DD
189158.93 (38.90%)
Relative Bal DD
43.05% (37592.99)
Total Trades
2742
Short positions (won %)
788 (64.59%)
Long positions (won %)
1954 (64.43%)
Profit trades (% of total)
1768 (64.48%)
Loss trades (% of total)
974 (35.52%)
Largest Profit trade
53791.24
Largest Loss trade
-18366.40
Average Profit trade
895.19
Average Loss trade
-735.42
Maximum consecutive wins (profit in money)
18 (22215.29)
Maximum consecutive losses (loss in money)
8 (-17540.28)
Maximal consecutive profit (count of wins)
70333.60 (7)
Maximal consecutive loss (count of losses)
-56264.16 (4)
Avarage consecutive wins
3
Avarage consecutive losses
1

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.

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.