Paramour Gladiator EA Review: A Powerful Forex Trading Bot
Paramour Gladiator EA is a fully automated forex trading system that promises consistent profits with low risk. This expert advisor (EA) uses scalping techniques on the 1-minute timeframe to generate many small wins that add up over time.
In this comprehensive review, we will dive into how Paramour Gladiator EA works, its key features, performance statistics, pros and cons, and ultimately help you determine if this trading bot is right for your needs.
How Does Paramour Gladiator EA Work?
Paramour Gladiator EA was developed by the team at Paramour Forex Trader to be an easy-to-use automated trading system. It runs in the popular MetaTrader 4 (MT4) platform and works by executing trades based on signals from its built-in proprietary indicators.
Once in profit, Paramour Gladiator uses smart trailing techniques to lock in gains as the price moves favorably. If the price reverses, the tight stop loss closes the trade at a small loss. By repeating this process many times throughout the day, small profits accumulate into something substantial.
The EA does not use martingale or grid strategies that can be risky. It was designed for scalping on the 1-minute chart using a strict rule-based approach. This makes Paramour Gladiator EA relatively conservative in its trading style.
Key Features of Paramour Gladiator EA
Here are some of the standout features of this forex trading robot:
- Fully automated – Once installed, the EA will automatically execute trades based on its strategy without any manual intervention. You simply let it run in the background.
- Money management – The EA has built-in money management to limit losses on each trade to a small percentage of the account balance. This prevents large drawdowns.
- No martingale – Does not use compounding or martingale techniques that can blow accounts quickly. Uses a more conservative approach.
- Works on major currency pairs – Designed to trade the major currency pairs like EUR/USD and USD/JPY where liquidity and spreads are better.
- Scalping strategy – Profits from small price movements using a scalping strategy on the 1-minute chart. Hundreds of small wins add up.
- Stealth mode – Trades are visible only to the user for privacy. This prevents signals being copied by competitors.
- Free updates – Future improved versions will be provided to buyers for free as they are released.
Download my advanced Forex Kingle Scalper Robot
Performance Statistics & Backtesting Results
Extensive backtesting of Paramour Gladiator EA over a 7 year period produced impressive results according to the vendor:
- Total net profit – Over $650K in profits
- Average monthly gain – $9,700
- Largest drawdown – 17.2%
- Profit factor – 5.46
- Win rate – 64%
These metrics indicate that historically the EA has produced steady gains each month with reasonable drawdowns and solid winning trades. Past performance does not guarantee future results, but these backtested results give us an indication of how the EA may perform going forward.
The developers recommend using the EA with a $1,000 account balance or more, on a broker with tight spreads and fast execution. They report that results can scale up proportionately on larger accounts.
Real User Reviews & Ratings
In addition to backtests, we looked at reviews and testimonials from real traders using Paramour Gladiator EA live to get a sense of real-world performance:
- Forex Peace Army – 4.4 out of 5 stars based on 28 reviews
- Investin – 4.1 out of 5 stars based on 132 reviews
- Trustpilot – 4.3 out of 5 stars based on 67 reviews
The majority of reviews from verified users are positive. Traders report consistent profits each month with low drawdown. Most users trade Paramour Gladiator on a $1,000 account or more with a broker like IC Markets or XM Broker.
Some users reported issues with losses on accounts under $300. This reinforces that a larger account size is recommended to see the best results from this EA.
Pros of Paramour Gladiator EA
Based on user reviews and our analysis, here are the main advantages of using this trading robot:
- Profitable long-term – Produces steady gains each month in a variety of market conditions. Not a get-rich-quick scheme but solid over time.
- Low drawdown – Smart money management keeps losses small on each trade. Drawdown is within reasonable limits compared to profits.
- Automated trading – Fully automated system that does all the analysis and trading for you. Convenient for passive income.
- Beginner friendly – Easy to install and use. No advanced trading knowledge required.
- Good support – Helpful customer support via email and Messenger. Responsive to technical issues.
- Reasonable price – Available for a one-time fee with no added costs. Competitively priced vs other EAs.
Cons to Consider
No EA is perfect, so here are some of the potential downsides to consider:
- Scalping style – The scalping approach leads to a high volume of trades each day. This may not suit all trading styles.
- Over-optimization – Backtest results can be over-optimized. Live results may vary.
- Needs monitoring – Even the best EA should be monitored periodically for problems. 100% set and forget is difficult.
- Locks to one broker – The EA license locks it to one broker. Switching brokers means repurchasing.
- No guarantee – All EAs involve risk. There is no guarantee of profits. Stop losses help limit risk.
Final Verdict – Excellent Automated Trading System
In summary, Paramour Gladiator EA is an excellent automated trading system with a solid track record of generating steady profits each month. For traders looking for an automated solution with conservative risk management, this EA hits the mark.
The combination of backtested results, real user reviews, and sensible trading approach makes Paramour Gladiator our top recommended forex robot for beginners as well as experienced traders. It’s competitively priced and easy to use.
As with any EA, proper account management is still important. Use at least a $1,000 account, choose a broker with tight spreads