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The Forex market is a highly competitive environment, and every trader is always on the search for tools that can give them an edge. In this review, we will delve into the intricacies of the Gecko Forex Software, a tool that has been making waves among Forex traders due to its unique approach to trading.
Gecko Forex Software: A Breakout Strategy Expert
Gecko Forex Software is a trading tool that employs a proven breakout strategy. The software meticulously scans for recent highs and lows in the market, and once recognized, it trades the breakouts. The uniqueness of Gecko Forex lies not only in its strategy but also in its execution. The software’s entry calculations and exit algorithms are not only unique but also highly advanced, making it a standout in the Forex trading software market.
Gecko Forex Software: Trade Management Techniques
Gecko Forex Software is equipped with multiple trade management techniques. These range from a Trailing Stop Loss (SL), which uses multiple parameters to control its function, to a “Move to Break-even” feature, which allows traders to add extra pips to the point of breakeven. Additionally, the software offers a Trailing SL based on recent highs/lows, as well as a Trailing SL based on trade duration, limiting exposure once the market move loses momentum.
Gecko Forex Software: Risk Management and Safety
One of the key features of Gecko Forex is its commitment to safe trading. Every trade made by the software is protected by a strict Stoploss, positioned at a safe distance. It doesn’t employ risky techniques like grid or martingale, and it’s not sensitive to spread or slippage. The software also allows traders to set a certain risk per trade, making it a flexible tool for all types of traders.
Gecko Forex Software: Performance and Compatibility
Gecko Forex Software was mainly developed for EURUSD, as it has proven to be the most successful pair for breakout strategies. However, it also shows promising results on multiple pairs without any specific optimization. The software is recommended for use on the H1 timeframe, with a minimum account balance of $100.
Q: What are the key features of Gecko Forex Software?
A: Some of the key features include safe trading with every trade protected by a Stoploss, high correlation between live trades and backtest trades, and a very high hit rate with over 80% of trades being profitable.
Q: What are the risk management options available?
A: The software offers a range of risk management options, including setting a certain risk per trade, and using a Trailing Stop Loss based on recent highs/lows or trade duration.
Q: Can I see independent testing of this product?
A: Yes, independent testing of Gecko Forex Software can be viewed on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
We invite you to share your experience of using Gecko Forex Software. Remember, Forex trading can be risky, so it’s always best to test software first on demo accounts or live accounts running low lot size. You can always increase risk later!
Please note that this is an independent product review. We do not have any personal or professional affiliation with the developers of Gecko Forex Software.
I've been primarily running the software on the EUR/USD, GBP/USD, and USD/JPY pairs. The support provided by Wim has been exceptional. He's always quick to respond to any queries and is incredibly patient and friendly. I'm planning to go live soon and will update this review once I have more long-term live results. For now, I'm giving the software a solid 4-star rating.Fast forward to October 2021, the last eight months, from February to October, have been a bit of a rollercoaster. The software experienced two surges and two larger drawdowns. Wim decided to temporarily remove his live signal. Despite this, I've decided to keep running the software live, using the standard sets for EU, GU, and UJ. The software is still within its historical max drawdown, so I'm not too worried. However, due to the overall performance and the absence of a live signal, I'm adjusting my rating to 3.5 stars for now.As of June 2022, my review is primarily based on the original sets of EUR/USD and USD/JPY, with GBP/USD running on lower risk. March and May were particularly good months for the software. I did experience a full stop loss in April on USD/JPY, but May made up for it with a full take profit on EUR/USD. The first half of 2022 has been decent overall. Wim has also reintroduced a live signal, which is a definite plus. I'm adjusting my rating back to 4 stars.In conclusion, the "Gecko" Forex software is a reliable tool for trading, with a few ups and downs. The support from Wim is commendable, and the software performs well on the EUR/USD, GBP/USD, and USD/JPY pairs. I'm looking forward to seeing how it performs in the long term.
From the moment I started using Gecko, I noticed a marked difference in the efficiency of my trades. The software's user-friendly interface made it easy for me to navigate through the complex world of forex trading. It provided me with real-time data and analytics, which helped me make informed decisions quickly and effectively.What sets Gecko apart from other EAs I've used is its advanced algorithm. It's designed to adapt to market fluctuations, making it a reliable tool in volatile trading conditions. This feature has saved me from potential losses on numerous occasions.Another aspect of Gecko that I appreciate is its automation capabilities. It takes care of routine tasks, freeing up my time to focus on strategy development. The software also has a backtesting feature, which allows me to test my strategies against historical data. This has been invaluable in fine-tuning my approach and increasing my success rate.In terms of customer support, I've found the team behind Gecko to be highly responsive and helpful. They've promptly addressed any issues I've had, demonstrating their commitment to customer satisfaction.While I was initially skeptical about the software's performance claims, my experience with Gecko has put those doubts to rest. It has consistently delivered on its promises, helping me achieve my trading goals.In conclusion, Gecko has been an excellent addition to my trading toolkit. It's a robust, reliable, and user-friendly software that has significantly enhanced my trading performance. I would highly recommend it to both novice and experienced traders looking to optimize their forex trading process.