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Gecko

4.56

PROMO: 

  • ONLY 1 COPY LEFT AT 299$
  • NEXT PRICE 399$

Gecko runs a simple, yet very effective, proven strategy.  It looks for important recent high and lows and will trade the breakouts. 

The actual execution of this strategy however, is what makes this EA truly shine.  Entry calculations and exit algorithms are not only unique but also very advanced.



The EA uses many trade management techniques, including but not limited to:

  • a Trailing SL, using multipe parameters to control its function
  • "Move to Break-even" at certain point, with the possibility to add extra pips to the point of breakeven
  • Trailing SL based on recent highs/lows, including an option to run this only until breakeven level (to provide more room for full TP to be reached)
  • Trailing SL based on trade duration, to limit exposure after the move has run out of momentum


This is NOT a scalper EA, and it does not use any grid/martingale or other risky techniques.  It uses very strict Stoploss, at safe distance.

There are many risk management option, including setting a certain risk per trade.

The EA is developed mainly for EURUSD, since it is the most succesful pair for running breakout strategies.  However, backtests shows promising results on multiple pairs already, without any optimization for those pairs.


Recommended broker: ICMarkets.com

Recommended VPS: 4xhosting.com

Recommended timeframe is H1.

Minimum accountbalance: 100$

Default parameters are for EURUSD H1. There are sets available also for GBPUSD,USDJPY and AUDUSD available.  Download all presets here


Key features:

  • Safe trading: every trade is protected by a Stoploss
  • EA is not sensitive to spread or slippage
  • No risk of over-optimization, since no optimization process has been done
  • No dangerous money management techniques used like grid or martingale
  • High correlation between live trades and backtest trades
  • Very high hitrate (>80% of trades are profitable)
  • Stress Tested with 99.90% tickdata using variable spread and slippage simulation


Parameters:

  • EA's individual settings, like Magicnumber, Trade_comment, infopanel activation
  • Lotsize settings: here you can determine how the EA will set the lotsize.  Based on balance (Lots Per Balance), or based on risk per trade for example
  • For LOW RISK, use Lots Per Balance= 200 or bigger.  For MEDIUM RISK, use Lots Per Balance=100.  For AGGRESSIVE RISK, use Lots Per Balance = 50
  • Maximum allowed spread can be set
  • The option for Virtual SL is available for those who don't want the broker to know the SL location
  • Entry parameters: these include (currencly) 3 entry models, entry timing, and various parameters to determine the entry's strictness
  • Stoploss and Takeprofit can be set
  • TrailingSL can be set, including where to start, stop, size of the TrailSL, and when modify
  • Breakeven settings, with a start parameter, and a parameter for adding extra pips
  • High/Low trailingSL can be activated, including option to stop at breakeven
  • Time based TrailingSL, which will be activated after X minutes


Reminder: As with every trading system, always remember that forex trading can be risky.  Don't trade with money that you can not afford to lose.  It is always best to test EA's first on demo accounts, or live accounts running low lotsize.  You can always increase risk later!











































































































Reviews 10
Morteza Hosseini
131
Morteza Hosseini 2022.05.17 16:20 
 

Good EA!

Michał Sietycki
25
Michał Sietycki 2020.06.30 15:41 
 

support from Wim is outstanding - every question answered fast, very fast... I received free EA as promised with as many demo accounts linked as I wanted.... after one week Gecko is on the plus side but it's a small one - I will write / review more in two months time - that is a promise... whether it will be positive or negative we will see :) update - 29.09.2020 - 2 months - demo - more profit than loss after 2 months I decided to try live Gecko together with Wim's Advanced Scalper (on one account) effect: total return - 4,9% peak drawdown -4,2% trade win - 74,3% trades per day - 2.5 most trades were made on EURUSD (52,9%), then GPBUSD (28,6%) and least on USDJPY 18,6% (it was worst pair - but even this was on plus side (profit) - even with only 69% win rate, while EURUSD was 86% win rate So - personally I'm pleased...

takoya ki
119
takoya ki 2020.06.30 14:27 
 

Wim is one of the few developers which are reliable on this site. This EA is also good so far. Still evaluating.

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Filter:
Morteza Hosseini
131
Morteza Hosseini 2022.05.17 16:20 
 

Good EA!

zanderp
126
zanderp 2021.01.03 17:45 
 

Forward testing it on a demo account for 5 months now and i'm very pleased with the results so far. There's hardly any difference between my results and those on Wim's signal accounts (maybe there was one trade with a larger loss than on Wim's) I'm running the eur/usd, gbp/usd and usd/jpy. The support from Wim is always very good. Questions are answered quickly and he's patient and friendly. Soon i'll be going live. I will update my review when i have longer term live results. 4 stars for now.

Update 1-10-21 : The last 8 months (feb til oct) were more or less a ranging period for the EA with two surges and two larger DD. Because of that Wim has decided to (temporarily) remove his live signal. I will keep the EA running live (as before with standard sets EU, GU and UJ) because it's still within the historical DD. Since there's no live signal but only demo my review is 3.5 stars for now.

Update 6-10-22 : My review is mainly based on the original sets of eurusd and usdjpy. March and especially May were pretty good months for the EA. Unfortunately I had an extra full SL in April on usdjpy, but was lucky with a full TP on eurusd in May. Overall these kind of profitable months are more in line with the potential of the EA. Wim also has a live signal again so that's a plus as well. Hopefully it will continue and with less down months as in 2021. 4 stars.

sfx1971
497
sfx1971 2020.08.21 16:43 
 

Unfortunately it just hasn't worked for me so far. 2 months on demo has produced an 11% loss. Losing trades were too large compared to the winners and the win rate just wasn't high enough to support a positive expectancy during this time (for information this system yielded an expectancy of -$5.72). I understand that 2 months may not be long enough for this type of system but I can't clog up my VPS waiting for it to wake up and turn a profit. I'll continue to monitor the signal page and I'll hope to see an improvement over the next few months. Perhaps once the holiday season is over then things might improve enough for me to put it back on so 2 stars for now. Disappointed...

Michał Sietycki
25
Michał Sietycki 2020.06.30 15:41 
 

support from Wim is outstanding - every question answered fast, very fast... I received free EA as promised with as many demo accounts linked as I wanted.... after one week Gecko is on the plus side but it's a small one - I will write / review more in two months time - that is a promise... whether it will be positive or negative we will see :) update - 29.09.2020 - 2 months - demo - more profit than loss after 2 months I decided to try live Gecko together with Wim's Advanced Scalper (on one account) effect: total return - 4,9% peak drawdown -4,2% trade win - 74,3% trades per day - 2.5 most trades were made on EURUSD (52,9%), then GPBUSD (28,6%) and least on USDJPY 18,6% (it was worst pair - but even this was on plus side (profit) - even with only 69% win rate, while EURUSD was 86% win rate So - personally I'm pleased...

takoya ki
119
takoya ki 2020.06.30 14:27 
 

Wim is one of the few developers which are reliable on this site. This EA is also good so far. Still evaluating.

Wolfgang Rockert
1860
Wolfgang Rockert 2020.06.16 12:52 
 

User didn't leave any comment to the rating

vladimir9010
525
vladimir9010 2020.06.15 16:07 
 

Gecko is great EA. Buy in while the price is low because I believe it deserves much more then the current price. Also Wim is thrustlorthy. He gave me free EA as promised. After few months of use I am happy with the EA. It is profitable and the author is helpful and honest. Thaks Wim!

Carl Tilley
774
Carl Tilley 2020.06.12 13:55 
 

Works exactly like the backtests. So far I have profits at the end of each of the 2 months it's been live. Should be even better if more pairs can be added. Well done Wim!

Tao Yang
347
Tao Yang 2020.06.06 04:26 
 

It is a good beginning, hope it can continue to succeed

Wei Huang
729
Wei Huang 2020.05.27 03:05 
 

more profits than loss. for one month is ok, live and backtest similar, open different sometimes time. Eurusd setfile and GU good, usdjpy i didnt use it

Reply to review
Version 1.2 2020.07.06
improved entry model D for new EURJPY and AUDUSD sets
Version 1.1 2020.06.09
- Added new entry model which works with the new "universal_set". This set will run with the same settings on EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY and AUDUSD. This is still experimental, but first results look good.