Gainer MT4 - Successful USDCAD Forex Trading Strategies Amid Market Volatility

Live performance: USDCAD | USDCAD demo | GBPUSD | AUDJPY | EURGBP

Timeframe: M15.

The Gainer EA presentation is sparse and lacking in important details. The developer provided information on the robot’s regular parameters but failed to elaborate on the working strategy of the Forex expert advisor. So, we have to ask an expert to get an overview of how the EA may work. Let’s take a look at the robot’s various features:

• The robot trades fully automatically on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
• The Forex robot is a mean reversion range EA
• The system has spread control and will avoid trading on untested market conditions with huge spreads
• It trades on both major and cross-currency pairs.
• The stop-loss and take-profit values may be set in pips or percent of the current price
• EA trades 24/7 by default. Users may further define which days of the week and hours of the day are tradable.
• We can customize only the timezone and volume input parameters of the system. And the rest, it does for us.
• It originally works on USDCAD and GBPUSD on an M15 timeframe.

VPS Recomended :    VXVM (Ultra low latency)

Broker Recomended : FBS  (Bonus Deposit 100%) or Exness (Trading Enjoy With Zero Spreads)

Gainer EA Strategy

The EA is a very simple robot that makes use of a mean reversion trading strategy to find trades. Mean reversion is a financial theory that suggests that, after an extreme price move, asset prices tend to return to normal or average levels. Prices routinely oscillate around the mean or average price but tend to return to that same average price over and over. Supposedly, Gainer EA will take advantage of this characteristic price movement in combination with stop-loss and spread control to open and manage trades.

Broker timezone settings. "Winter UTC offset, hours" - winter offset.  "Winter/summer changes schedule" - schedule of server DST shift. It is UTC+2/+3 winter/summer by default and it is valid for most brokers.

Risk settings. Volume is set with inputs "Money management", "Value for Money management", it is fixed lot, fixed risk per trade, or fixed volume per 1000 equity. Max simultaneous trades allowed is max trades allowed to be opened at same time. EA holds up to 2-3 trades most of time, and this parameter allows to limit the risk explicitly.

Launch EA on M15, set timezone and volume inputs. Rest may be left default. EA is ready to trade.

Spread control. If "Enable spread control" is on EA will not trade if current spread exceeds "Max allowed spread" value. Spread may be set in pips or percents of current price ("Spread unit" input). Default settings may be used for major currency pairs. EA will not skip deals on normal market while it will avoid trading on untested market conditions with huge spreads.

Stops and targets. "Stop-loss value", "Take-profit value" - initial stop-loss and take-profit. Stop-loss and take-profit may be set in pips or percents of current price ("Stop-loss and take-profit unit" input). While EA is optimized on defaults it is quite possible to find different tradable settings.

Breakeven. If "Enable breakeven" is on then once "Profit trigger, pips" profit reached stop-loss will be dragged to trade open price level + "Profit to save, pips". It is pullback EA and breakeven is off by default.

Trail. If "Enable trail" is on then distance between current price and stop-loss is checked on "Profit trigger, pips" reach. If the distance is higher than "Trail distance, pips" stop-loss is dragged to new level. "Trail step, pips" input sets minimal difference between current and new intended stop-loss. Trail is off by default like breakeven.

Time options. EA trades 24/7 by default. User may futher define which days of week and hours of day are tradable ("Nontradable hours, space-separated list", "Trade on Sundays" , ..., "Trade on Fridays"). "Friday closing time" allows to set the time to close all trades before weekend.

Backtesting: EA trades on candle closure and may be tested with "Open prices only" mode which is much faster than "Every tick" with essentially same results.

Neither tester nor live performance in the past ensures future results. Risk settings should not be based on backtests. Lower risks means higher possible returns. EA may open multiple deals by default, so fixed risk within 0.3-3% per trade is fairly ok for live trading.

Gainer EA Review Conclusion

Gainer is an expert advisor that makes little profit, trading mostly USDCAD and GBPUSD. The expert advisor has just twelve weeks of trading experience providing below-average results. We don’t know for sure if it can increase its profitability in the future. We’d like you to keep an eye on the results for two-three months before making a purchase.