GRAVITY FX NG Review

GRAVITY FX NG

GRAVITY FX NG is a robot that is based on a self-learning algorithm and artificial intelligence technologies. The vendor claims that it is a result of several hours of development, optimization, and testing. It has been built by traders who have been trading in the Forex market for more than 25 years. 

After the short introduction on the official website, the vendor goes on to highlight the benefit of the trading system, followed by its transaction mechanics and trading principles. We also have a list of all the main features, followed by the pricing details. There is a separate page for contact information and another one showing the trading performance. 

We don’t have any information available on the company, other than the fact that it is based in the USA. The vendor has not shared the official address of the headquarters and we don’t have the names of the developers and traders. 

GRAVITY FX NG at a glance 

Price$599
Trading Platforms MT4
Currency Pairs EUR/JPY, GBP/USD, EUR/USD
Strategy Scalping
TimeframeN/A
Recommended Deposit N/A
Recommended Leverage1:500
Money ManagementNo

GRAVITY FX NG functionality

This EA has an algorithm that can calculate the risk and determine the trading volume based on the percentage of risk attached to each individual deal. It also has a drawdown-compensating algorithm, although the vendor has not explained how this works.

With every order, the robot uses defensive stop losses. You can use it with any Metatrader 4 broker and it also has a spread-protection mechanism. The vendor claims that this feature protects you from losses in volatile markets but again fails to provide an explanation for it. 

GRAVITY FX NG has a broker protection system that prevents brokers from trading against you with slippage, off-quote errors, and high spreads. It is compatible with ECN brokers and is able to perform auto-detection of 4/5 digit broker quotes.

GRAVITY FX NG trading strategy tests

This is a scalping bot that tries to take advantage of minor price differentials in the Forex market. Now, this is a short-term strategy, so you won’t be able to take advantage of the wider trends. It is not ideal for those who wish to make large profits within a short time period. After trading for a long time, scalping bots are often not able to generate substantial profits, which can be disappointing. 

Backtesting data for GRAVITY FX NG
Backtesting data for GRAVITY FX NG

For this backtest, the EA made an initial deposit of $50,000. It placed a total of 9443 trades, winning 84.77% of them and generating a total net profit of $78068.33. There were 64 consecutive wins and 8 consecutive losses during this backtest, with the profit factor and relative drawdown being 1.40 and 11.13% respectively. 

What about GRAVITY FX NG live trading results 

Growth chart for GRAVITY FX NG
Growth chart for GRAVITY FX NG

The vendor has not shared the link to the live trading account on the official website, instead providing some screenshots of live trades. After doing our own research, we came across this live account on Myfxbook that has been active since June 27, 2020. For this account, the EA has a win rate of 85%, and daily and monthly gains of 0.29% and 9.61%, respectively. 

Trading results for GRAVITY FX NG
Trading results for GRAVITY FX NG

Looking at the live trading history, we can see that the profit generated by the robot from each trade is negligible. In fact, the last 10 trades have resulted in a gain of 0% each. Thus, we cannot consider this a profitable system.

User reviews 

There are no user reviews for this EA on third-party websites, which tells us that it lacks a decent reputation. Clearly, not many people feel confident about trading with this robot.

GRAVITY FX NG Review Summary

GRAVITY FX NG
3 5 0 1
It is not worth paying $599 for a scalping bot that makes profits at a horribly slow pace. It doesn’t have much of a reputation and the vendor does not even offer a money-back guarantee, which makes it even riskier to place real-time trades using this robot.
It is not worth paying $599 for a scalping bot that makes profits at a horribly slow pace. It doesn’t have much of a reputation and the vendor does not even offer a money-back guarantee, which makes it even riskier to place real-time trades using this robot.
3/5
Total Score
  • Functionality
    3/5 Neutral
    It has a broker spy module and is able to calculate risk automatically.
  • Trading strategy
    2/5 Bad
    It uses a high frequency and low-profit scalping strategy.
  • Live results
    3/5 Neutral
    The recent live performance has been quite disappointing.
  • Customer support
    3/5 Neutral
    Customer support is provided via email and live chat.
  • User reviews
    2/5 Bad
    There are no user reviews for this expert advisor.

The Good

  • Verified trading results

The Bad

  • Overpriced EA
  • Unprofitable scalping strategy
  • Lack of user reviews
Total
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