Expert Advisors Reviews

Easy Walker EA: Very Profitable Scalper

Mar 24 2014 13:01:24 GMT
By
Maria Nikolova , Forexbrokerz.com Find me on Google+
Today we'll be reviewing a newcomer to the field of commercial expert advisors (EAs) – the Easy Walker robot, which is a scalper that has so far managed to show some solid results. To help us in our review, there are a raft of real accounts to which the robot has been applied on Myfxbook. We'll be exploring the account with FXOpen which has been active since the start of the new year – since January 7, 2014, and has shown the best performance results out of all of the accounts. 
 
 

Strategy: Pip by pip, dollar by dollar

 
The dedicated website gives a thorough explanation of the strategy of Easy Walker EA – it's a scalper that trades during the Asian session, something we haven't seen in quite a while. I guess many developers have gotten scared of last summer's massacre of scalpers. After all, they are really sensitive to sudden market changes.
 
The Easy Walker EA trades using the fifteen-minutes (M15) time frame and works with the EUR/USD, GBP/USD, EUR/GBP, and GBP/CHF. The trading is not very aggressive: the average duration of the trade is about two hours so no impulse trading is in place. 
 
Still you should have in mind that, as with any other scalper, this one is also very sensitive to choice of brokers. The vendors recommend Alpari ECN, FxOpen STP, and Pepperstone Razor accounts. Choice is yours!
 
 

Performance: Walk of Life

 
The small steps of this scalper have so far led it to great profits: after less than four months of trading, the gain is already 73%. Moreover, the profit curve is nicely rising:
 
Photo credit: Myfxbook.
 
The drawdown is at acceptable 12% - actually that's rather low but we have to wait to see whether the EA will manage to keep it that low in the months to come. The return-to-drawdown ratio is good at 6.1 – that's way above the 2.5 reading that we usually recommend. I'll stress one more time that to have a statistically valid reading, we need to see the results for a year and calculate the return-to-drawdown ratio then. But so far, so good. The indications are very good. 
 
Here I should mention that the developer of the EA has shown some excellent diligence and has presented us with a number of backtests (different pairs and money management), with all of them showing nice results. Of course, many treat backtests of scalpers with doubt – well, we have them and it's better to have them than not. 
 
The bad bit of news, as with any scalper, is that the trading system is very sensitive and that's shown by the average pips per trade which stand at 1.7 – and this is so much lower than the reading of 5 pips that we need to see. Obviously, you need a broker with zero spreads for this robot.
 

Pricing

 
This Asian scalper will be yours for the hefty sum of $349 – visit the dedicated website if you want to purchase it. The price goes for one account which makes it somewhat expensive. However, the Alpha EA and its price was close to that one. Scalpers appear to be increasing in price, fellow traders.
 
 
Any opinions and statements in this article are strictly subjective and should not be treated as investment advice. Forexbrokerz.com and all of its authors are not affiliates of any of the discussed signal providers, expert advisors and their vendors.
TAGS: easy walker fx  easy walker  easy walker ea  expert advisor  forex robot  ea review  easy walker review  pips  scalper  gain  drawdown  myfxbook  real account  scalping  eurusd  eugbp  gbpusd 
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website

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