Ranger EA Review

In this post I will be reviewing the Ranger EA. This is an automated forex trading strategy that has been programmed to run in the popular forex trading platform, MetaTrader. You can download MetaTrader free of charge from most forex brokers. It is worth mentioning that you will need the desktop version of the MetaTrader platform in order to run forex robots.

This is another forex expert advisor from the Responsible Forex Trading developer. I have reviewed some of their other forex robots including the Sharpshooter EA, Powerhouse EA, Comeback Kid Manager EA and the Vigorous EA.

You can load the Ranger EA onto the charts in your platform and it will constantly scan the forex market for trading signals using the built-in algorithm. When the expert advisor determines that there is an opportunity for trade, it can enter the market and manage the position on behalf of the user. Whilst this may seem like an attractive proposition for those who do not have the time or knowledge required to trade manually, there are some key advantages and disadvantages to be aware of.

In this Ranger EA Review, I will be taking a look at the automated forex trading strategy that it implements, along with any back tests provided by the developer and most importantly, real verified account results. Hopefully, this can help you to decide if this is a forex EA that you would consider using on your own forex account or not.

Ranger EA Trading Strategy

The Ranger EA is a popular choice from the selection of automated forex trading systems that are available from the team over at responsible forex trading. The Ranger robot utilises a trading methodology that the developer claims has shown long-term success trading on the GBP/CAD and AUD/CAD currency pairs for many traders.

Although the Ranger forex EA has been developed specifically with these currency pairs in mind, you are of course free to experiment with your favourite trading instruments and chart timeframes. Most of the settings you can amend via the EA inputs window when you attach the EA to the charts in your MT4 platform.

You could even run optimisations in the MT4 strategy tester to try and find your own bespoke settings on your preferred financial instruments. If you do decide to adjust the settings, then you might want to only do so on a demo account to see how things go.

Alternatively, you can use the Ranger EA with the default input settings, but you will at least need to check the lot or risk size is set to a suitable level according to your own risk preferences as every trader is different in that respect.

Ranger EA Forex Strategy
Ranger EA Forex Strategy

It specializes in advanced grid trading techniques capable of capturing moves in either direction that the market moves. Therefore, the Ranger expert advisor trades both with and against the trend. Trading different market scenarios means that the bot can find more trading opportunities.

It uses a combination of candlestick patterns and filters to spot the best places to enter the market. I think it is good that the trading strategy used is combining technical analysis with price action. You will often see a forex robot use one or the other so this can be advantage to help filter good and bad signals.

Despite the potential of the forex strategy that the Ranger EA is using, the fact that it us using a grid trading strategy is a big concern for me personally. Why? Well, in a forex grid trading strategy, a trader first sets the starting reference price. Multiple buy orders at once are then placed below this reference price at various (usually even) levels set by the grid. Sell orders are then paired with each buy order and are set above the prices in buy orders.

The problem with this is that you can end up with multiple trades open in both directions. If some of these trades get caught on the wrong side of the market, there can be substantial drawdowns. It is not uncommon for grid trading robots to eventually cause a margin call and blow up accounts. I have seen it happen time and time again.

If you understand how grid trading works and do not mind taking the risk, then that is your choice. If you are new to trading forex or using automated strategies, then please make sure you have a clear understanding of how grid trading works, especially if you are using leverage.

Ranger EA Features

The Ranger specializes in finding pullbacks within the larger movements of price. They can trade with and against the trend. Flex-grid trading is a money management technique that the EA implemented to try and turn bad trades into profitable trades by using an intelligent flex-grid system that expands during times of volatility. However, if this grid trading system goes wrong, things can head south, so please be careful. The Ranger EA also uses candlestick patterns to help find places on chart where price is ready to start moving.

  • Fully automated forex robot for MetaTrader 4/5 platforms
  • Trade panel from where you can take your own trades
  • Detailed instructions and video guides
  • Free updates and full support
  • Customisable EA input settings
  • Can use with any forex broker
Ranger EA Settings
Ranger EA Settings

Ranger EA Back Testing

When it comes to choosing a forex robot, I like to check to make sure the developer has provided back tests that show how the forex expert advisor may have traded over a good amount of historical data across various currency pairs. This can help us to understand how the automated trading strategy works and performed over different market conditions. Of course, historical performance is by no means any guarantee of future results, but it can be a good way to get a rough idea of what we might expect.

It is good to see that the developer has shared some 99% modelling quality Ranger EA back tests. They cover a period of around 14 years with gives you plenty of data to analyse how the expert advisor may have performed based on historical data. Whilst the back tests are using tick data, it is not clear if the developer has included commission charges on the trades which could have had a significant impact on the results.

Ranger EA Back Test
Ranger EA Back Test

Ranger EA Results

Whilst back tests are useful to some extent, the most important thing to look for in a forex robot in my opinion are real account results. This would enable us to see exactly how the Ranger EA has been performing through recent market conditions. That way you can determine if you are happy with the various statistics such as profit factor, drawdown, average win, average loss, trade duration, trading volume and more. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

The developer has shared a Myfxbook verified account showing the latest Ranger EA results. However, it is only a demo account although so far it has been stable. I think they could improve by sharing real verified account statistics like some other forex robots do, including the Forex Robotron EA.

Ranger EA Summary

Overall, I actually like the Ranger EA trading strategy as it is combining various types of market analysis rather than randomly entering the market like some other not so well thought out forex robots do. However, I think the Range forex robot is let down by utilising a potentially dangerous grid trading strategy to try and recover from bad trades.

I would prefer if it could just cut the losing trades short and let the winning trades run. This would help to give a favourable risk to reward ratio and possible reduce drawdowns. You can adjust the settings should you wish to try and improve the money management according to your own needs. However, this could also have a negative impact on the profit factor of the EA.

The lack of real account results is also slightly disappointing. I am personally not a fan of a developer making claims about you making “x” amount of gains over “x” amount of time. This is trading and anything can happen. Nobody can 100% predict the forex market.

To use the Ranger EA, you will need an account with a forex broker. With so many forex brokers to choose from nowadays, it can be had to decide which is the best forex broker for you. From my many years of experience in the forex industry, IC Markets are one of the best forex brokers when it comes to manual and automated trading. This is because they have tight spreads, low commission fees, reliable execution speeds, multiple funding options and excellent 24/7 customer support.

If you would like to give the Ranger EA a try, there is a free demo version. You could even run it on a demo trading account to get a feel for how it trades without taking any risk. I would always test a forex robot on a demo account to begin with. Just keep in mind that demo account results can differ compared to live accounts. This is due to factors that can be different between a simulated and real trading environment including liquidity, slippage and spreads.

You can find out more about the Ranger EA by visiting the website using the link below. It does come with instructions, full support, free updates and a money back guarantee.

Ranger EA









  • Fully Automated Forex Strategy
  • Technical & Price Action Analysis
  • Customisable Settings
  • Manual Trading Panel
  • Built-in Money Management
  • Verified Results
  • Back Tests
  • Detailed Instructions
  • Full Support
  • Money Back Guarantee


  • MetaTrader Platforms Only
  • Limited Currency Pairs
  • Grid Trading Strategy
  • Potentially High Drawdowns
  • Could Improve Money Management
  • Demo Account Results Only
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