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Gecko

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 or Alpari.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, AUDUSD and EURJPY 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 9
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 Roeckert
1489
Wolfgang Roeckert 2020.06.16 12:52 
 

Buy it some Weeks ago, great EA, works Profitable any Week end with Profit. Low Risk... Buy it...

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(Real Profit, Real Trades, Real Signal) After your purchase, drop me a PM.   MEDUSA X is a Revolutionary Momentum and Pullback Algorithm Expert Advisor, specializing on the low spread major pairs, GBPUSD and USDCHF. Dedicated to produce phenomenal performance for its users by strictly adhering to years of mathematical and statistical methods. Real Live Monitoring: https://www.mql5.com/en/signals/884837 Announcement Channel: https://t.me/xx881ea_channel (Does not use fake strategies or c
399 USD
Nexus EA Forex
Nexus EA Forex
Enrique Enguix Vino
This is a new generation Expert Advisor from the TRENDEX PROJECT group. The starting gun for the opening of operations is detonated by the    Bulls & Bears . The EA requires minimal setup, as the parameters are automatic. It does not use Martingale. It has an exit system in case of losses Monitoring: Signals --->  https://www.mql5.com/en/signals/author/envex The product has 25 activations so you don't have to worry about anything Here you will find some backtest with real ticks. The EA
349 USD
Vigorous EA
Vigorous EA
Ryan Brown
The Vigorous EA is one of our best EA’s! It has been successfully backtested +21 years.  It scalps the EURUSD pair up to 100 times a week and makes a profit EVERY day! If you’re looking for an EA that makes a consistent profit every day, this is it! Trades the EURUSD every day Profitable backtests for the past 21 years Projected monthly profit of 1-3% a month (default settings) Recommended starting account size is $5k Recommended leverage is 250:1 50-100 scalp trades a week How does V
397 USD
Prado
Prado
Tatyana Kulyapina
"   Breakout of the previous day's price extremes!   " - This strategy is over 100 years old, and it always works! The price of the advisor increases with the increase in the monitoring profitability. Monitoring   :   Prado JPY risk 3 prc   broker ICMarkets Global, account type: raw spreed, spread 0-3, commission $ 7.0. This monitoring works from the first version of the advisor, so check the test results from the date of the last update! Monitoring   :   Prado with v5 risk 3x1 prc   broker A
499 USD
Squirrel Trader Pro
Squirrel Trader Pro
Michela Russo
Squirrel Scalper Pro is a trading robot  for the trading on Indices. This is a Trend Following system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by  StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Panther Trader Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   or email ! The
399 USD
True Range Pro
True Range Pro
Smart Forex Lab.
SAVE $100 THIS WEEK  Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo  (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed / Auto volume Optimized in 2016-2020 ( Weltrade  100% history quality) Backtesed in 2010-2020  ( Weltrade  100% history quality) True Range Pro MT5 >>  https://www.mql5.com/en/market/product/54578 Set files   https://w
395 USD
Grid King
Grid King
Profalgo Limited
!! ONLY 1 LEFT AT 390$ !! NEXT PRICE: 790$ Grid King is a revolution in grid trading.  The main focus when developing the EA was safety, by eliminating the margin-call risk which is usually associated with most grid systems on the market.  It also strives to achieve much higher returns than the average grid system, by spreading risk amongst multiple pairs and strategies which all have a limited effect on the account-equity.  Where almost all grid systems will blow your account when things get
390 USD
R Factor EA
R Factor EA
Raphael Minato
R FACTOR Expert Advisor with Proprietary Dynamic Portfolio Management System After 4 years of development and almost 3 years of real positive results , we are finally confident in sharing our strategy with the MQL5 community. It has always been important for us that the strategy performed positively for the creator before it could be shared. Skin In The Game is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this
519 USD
Swiss
Swiss
Nadezda Bogacheva
SWISS  is a fully automated Price Action expert adviser designed to trade Gold(XAUUSD) , EURUSD and USDCHF  >>>>>>>>>>>>>>>>>>>>    50% discount (999 USD >>> 499 USD) , special for the   Next 10 buyers (3 left)        <<<<<<<<<<<<<<<<<<< Normal price $999 SUGGESTED BROKER FOR SWISS Telegram channel  https://t.me/NeuralEngineEA What is Price Action? Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity,
499 USD
Euro Master
Euro Master
Stanislav Tomilov
Price: $499 1 of 10 copies left at this price Next price $599 Recommended Broker Live signal #1  https://www.mql5.com/en/signals/866039 Live signal #2 https://www.mql5.com/en/signals/966734 Telegram channel:  https://t.me/aura_gold_ea Euro Master is an advanced, fully automated Expert developed to trade with EURUSD. Experts use unique artificial intelligence technology for market analysis to find the best entry points. EA contains self-adaptive market algorithms with reinforcement learning elem
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Quadron
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Marek Kvarda
This robot is designed for major currency pairs and trades several strategies.It uses the algorithm for analysis of price data and finds the best parameters. Trades are filtered by results of analysis of daily and monthly chart for the last 12 periods. This is not a scalping robot. It will be traded at all brokers with quotation accurate to points. Your broker must allow hedging. Default settings can be used for EURUSD, GBPUSD and USDJPY on the M30. Settings TimeFrame - Time Frame for trading S
390 USD
Fx Trend Follower
Fx Trend Follower
Atif Zafar
EA works with none of the technical indicators.   It waits for the trend and trade accordingly. No standard indicators. No grid trading. No arbitrage. No curve fitting according to back-test results No Hedge   Very low Stop Loss Ratio  Tested with 99.90% data Modelling quality. Can work with even $30 USD Recommendations : Developed for M1, EURUSD ECN Broker with 5 points Settings Spread: Need to be as low as possible. Trailing Status: trailing stop usage option Trailing stop: Pips to allow trail
499 USD
AW Daily Breakout EA
AW Daily Breakout EA
Alexander Nechaev
AW   Daily   Breakout   - Fully automated trading advisor,   trading on the breakout of the extremes of the previous day   using pending orders.   Each order has a fixed StopLoss.   Places two pending orders in the opposite direction every day, then opens a market position. Accompanies market orders with   Trailing and Breakeven . Uses autolot, suitable for FIFO operation. Instructions for the advisor ->  https://www.mql5.com/en/blogs/post/743941 Benefits: Works with a minimum deposit of
395 USD
Every Day
Every Day
Vadim Korolyuk
The Expert Advisor works with the EUR / USD currency pair. Trades are opened almost every day during the opening of the London Stock Exchange. The robot does not use indicators. To protect the account from trading when the spread is widening, the MaxSpread parameter has been added, in which you specify the maximum allowable spread for trading. It is extremely important to adjust the "OpeningOfTheLSE" parameter to suit your time. In it, you must indicate the opening time of the London Stock Excha
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Advanced Scalper
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Profalgo Limited
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Red Hawk EA
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Advanced Scalper MT5
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Grid King
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Profalgo Limited
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Momentum EA
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GBPJPY Price Action EA
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Profalgo Limited
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Night Owl
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125 USD
Swing Trade Pro
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Profalgo Limited
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Momentum EA BOA
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Profalgo Limited
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Advanced Scalper Essential Edition
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Profalgo Limited
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Grid King LITE
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AutoGenEA
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Swing Trade Pro MT5
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Momentum EA boa MT5
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Profalgo Limited
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Grid King MT5
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Profalgo Limited
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390 USD
Grid King LITE MT5
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Profalgo Limited
Grid King LITE is a budget friendly version of the popular Grid King EA, specially made for those traders that try to find an affordable, high performance EA. The LITE version takes ones of the best performing setups from the original and has almost no parameters to set, which makes it a very easy plug-and-play setup.   If you already own the original Grid King EA, you do NOT need this EA. Live results so far:    https://www.mql5.com/en/signals/619924 NOTICE: To properly backtest the full po
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Red Hawk MT5
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Profalgo Limited
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Gecko EA MT5
Gecko EA MT5
Profalgo Limited
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99 USD
Filter:
zanderp
96
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 quick 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.

vladimir9010
450
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!

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...

sfx1971
500
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...

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 Roeckert
1489
Wolfgang Roeckert 2020.06.16 12:52 
 

Buy it some Weeks ago, great EA, works Profitable any Week end with Profit. Low Risk... Buy it...

Carl Tilley
700
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!

Wei Huang
696
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

Tao Yang
442
Tao Yang 2020.06.06 04:26 
 

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

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.