GRAVITY FX NG is a fully automated forex robot that can scan charts in the MetaTrader 4 platform for potential trading signals. When it finds a valid trading signal according to its built-in algorithm, it will place and manage positions on behalf of the user. The GRAVITY FX NG EA has been developed by a group of professional traders who claim to have experience trading on the forex market for over 25 years. They state that it is the result of thousands of hours’ worth of development, testing and optimization. With that being said, lets take a closer look at this particular fx robot in the GRAVITY FX NG EA review.
GRAVITY FX NG Trading Strategy
The developer of the GRAVITY FX NG robot claims that it incorporates an adaptive trading strategy that is based on artificial intelligence with self-learning algorithms. Of course, any automated trading system can be considered to be using AI whereas keeping up with the current market conditions via a dynamic strategy can only be beneficial, especially considering how quickly market direction can change.
The GRAVITY FX NG EA uses a scalping strategy that is following short and medium-term trends. It tries to capture small market movements on a frequent basis. From my experience, scalping strategies require very specific trading conditions. Without tight spreads, low commissions and fast execution speeds, they may struggle.
For this reason, I would look to use any scalping strategy on an ECN forex broker. ECN brokers tend to have some of the best trading conditions as they can pool together liquidity from various liquidity providers and do not have dealing desk interference between traders and the forex market.
We must also consider the cost impact of using a scalping strategy. If you are constantly entering and exiting the market, you are constantly paying fees in terms of the spreads, commissions and any slippage or swaps. For arguments sake, if the spread was 1 pip and commission 1 pip, you would need to make at least 2 pips to just break-even. Some scalping systems only target 2 pips!
The developer does mention that the average size of GRAVITY FX NG transactions is around 10 to 15 pips, historically speaking. GRAVITY FX NG also has a broker protection system to try and protect against high spreads, off quote errors and slippage, which aims to try and avoid very high market volatility.
GRAVITY FX NG was designed especially for some of the most liquid and tightest spread currency pairs: EUR/USD, GBP/USD and EUR/JPY. These are considered major currency pairs and they usually have plenty of trading activity. You may experiment with other currency pairs and even different asset classes if you wish.
GRAVITY FX NG has an automatic risk-calculating algorithm that automatically determines trading volumes on the basis of account risk percentage per individual deal. Moreover, there is an option to activate a unique algorithm to effectively compensate any current drawdown. The EA protects each position through Stop Loss orders.
GRAVITY FX NG opens positions against daily movements only where such moves might have a probability of success (not always) and by keeping to a trading method which has been through years of back testing. It goes without saying that past results are by no means any indication of future results.
You can use the GRAVITY FX NG EA straight out of the box. This is because the developer has already spent a significant of time optimizing the settings to find those that have performed best over a certain data set. I do find that this can often mean the default settings are “over optimized” to fit the data set being used. However, you are also free to experiment with the settings as much as you wish.
You may want to optimize your own set files in the MT4 strategy tester and to try various settings on a demo account. Whatever settings you decide to use, I would certainly only start on a demo trading account to begin with and always make sure that you adjust the risk level to something that you feel comfortable with.
GRAVITY FX NG Features
Now we have an idea of the type of trading strategy used within the GRAVITY FX NG EA, lets take a look at some of the robot’s key features:
- Fully automated forex trading system
- Pre-set files included
- EUR/USD, GBP/USD and EUR/JPY currency pairs
- Developed for the MetaTrader 4 platform
- Developers with many years of experience
- Short-term scalping strategy
- Not impacted by human emotions (fear, anger, greed, etc)
- Built-in money management
- Broker protection system
- 1-7 account licenses
- Technical support during subscription period
GRAVITY FX NG Back Testing
Disappointingly, there are no back tests shared on the official GRAVITY FX NG website. This would have given us a rough idea of how this forex robot may have performed over a sustained period of time, across different currency pairs.
That being said, I would prefer to conduct my own detailed back tests in the MT4 strategy tester using a software such as Birts Tick Data Suite. This allows me to create my own customised settings for each forex EA and to test with 99% modelling quality on tick data. It also ensures back tests are using real variable spreads, including commissions and slippage.
GRAVITY FX NG Verified Results
The GRAVITY FX NG developers have kindly shared with us some verified Myfxbook accounts which can give us an overview of how well the EA has performed historically. However, we should always keep in mind that past performance is by no means any indication of future performance.
That being said, it can be a useful way to see some important statistics such as maximum drawdowns, average win/loss size, duration running, profit factor, net profit/loss, average trades per day, pairs traded and much more.
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
GRAVITY FX NG Summary
Overall, I do see some potential with the GRAVITY FX NG EA. However, it is a scalping strategy that I feel would require special broker conditions. Even then, I would have liked to have seen some tick data back tests provided by the developer and also a real verified trading account that has been running for a sustained period of time. It is also quite an expensive forex robot in comparison to the average commercial EA price.
That being said, I would also like to experiment with the GRAVITY FX NG EA settings in the MT4 strategy tester and may consider trying it on a demo trading account. Keeping in mind, demo trading account conditions can vary greatly from real live trading account conditions. This can have a significant impact on results, especially when using a scalping trading system.