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Gecko EA Review – A Powerful Forex Trading Tool

Gecko EA is an expert advisor (EA) designed for the MetaTrader 4 trading platform that employs an effective breakout trading strategy. This automated trading system aims to capitalize on high probability trading opportunities by identifying key support and resistance levels in the market.

Gecko EA

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Overview and Key Features

Gecko EA was developed by Profalgo Limited and runs on EURUSD on the 1 hour timeframe. It features advanced trade management techniques and robust risk management to protect trading capital. Some key aspects include:

  • Proven Breakout Strategy: Identifies recent highs and lows in the market to trade breakouts from key levels. This is a simple yet effective price action strategy.
  • Unique Entry and Exit Logic: Custom algorithms precisely calculate entries and manage exits to maximize profitability. This includes features like break-even trailing stops and duration-based trailing stops.
  • Sophisticated Trade Management: Employs multiple types of trailing stops, break-even functions, and risk management features like per trade risk limits. This results in an optimal balance of maximizing profits while minimizing losses.
  • Risk Controls: Utilizes hard stops for every trade along with multiple trade management techniques to prevent overexposure and uncontrolled losses. No dangerous strategies like martingale or grid systems are used.
  • High Win Rate: Produces a win rate consistently over 80%, resulting in smooth equity curves and reliable automated trading.

These features allow Gecko EA to execute a straightforward breakout technique with precision, discipline, and risk control – a winning combination in the forex market.

Performance and Backtests

Extensive backtesting shows consistent profitability across multiple currency pairs like EURUSD, GBPUSD, USDJPY, and AUDUSD. Here are some key metrics:

EURUSD 1 Hour Backtest (2019 – 2022)

  • Total Trades: 1,195
  • Win Rate: 81%
  • Profit Factor: 2.0
  • Max Drawdown: 13%

These robust metrics demonstrate the edge of this trading system. It’s able to identify high probability opportunities in the market and cut losses when trades move against it.

The one chart setup feature allows simultaneous trading across multiple pairs like EURUSD, GBPUSD, USDJPY, and AUDUSD for diversification.

Live Performance

Gecko EA has been running live for extended periods with real money accounts, providing verified proof of the EA’s capabilities.

Here is one example with over 2 years and 10 months of live trading history:

EURUSD 1 Hour Live Results (March 2020 – January 2023)

  • Start Balance: $1,000
  • Current Balance: $5,280
  • Total Net Profit: $4,280
  • Max Drawdown: 15%

These consistent and stable live trading results demonstrate Gecko EA’s ability to produce profits in real market conditions. The smooth upward sloping equity curve shows the power of utilizing solid risk management along with a high probability breakout strategy.

Using Gecko EA

Gecko EA aims to make automated trading accessible for all traders. The easy-to-use interface and detailed user guide allows traders to install, setup, and run the system with no prior experience required.

Some tips for getting started:

  • Select EURUSD on the 1 hour timeframe for the best performance
  • Input proper trade risk management settings based on account size
  • Use a reliable ECN forex broker with fast execution and spreads from 0.0 pips
  • Run the EA on a virtual private server (VPS) for uninterrupted automated trading

With these best practices implemented, traders can leverage Gecko EA’s capabilities with confidence.

The developers also provide prompt customer support in case any issues arise when installing or running the expert advisor.

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Pricing and Availability

Gecko EA is sold through the MetaTrader Marketplace and is available for the MetaTrader 4 platform.

Current pricing is $349 for a single license key with 10 activations. This includes:

  • Lifetime License Key
  • Free Updates
  • Full Installation Support

Considering the profit potential from automated trading, this is an extremely affordable entry point to utilize Gecko EA’s proven and profitable algorithm.

Gecko EA Verdict

For traders looking to add a solid automated trading system to their toolbox, Gecko EA hits all the right notes. The combination of an effective trading strategy, advanced order management, and robust risk management provides a reliable solution for long-term hands-off trading.

With hundreds of 5 star reviews from satisfied traders, Gecko EA is one of the top performing forex robots on the market. The quality live trading statistics and competitive pricing makes this an easy choice for traders aiming for automated trading success.

Overall, Gecko EA earns full marks across the board and comes highly recommended as an essential addition for beginners and experienced traders alike. The risk-controlled approach provides peace of mind for traders seeking prosperity in the forex markets.

Author: Dominic Walsh
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I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Youtube| Twitter | Pinterest | Medium | Quora | Reddit | Telegram Channel

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