Easy Walker Fx (EA) Detailed Review | Good? Bad?
Easy Walker Fx is an EA that performs scalping in Asian sessions.
The forward test has been continued for a long time since 2015, and it seems that it continues to give good results. Is it worth using it?
I think some people feel that the scalping EA is low risk, but there are actually various risks. You should judge carefully whether to use this EA.
Basic information of Easy Walker Fx
Live Performance of Easy Walker Fx
The results of multiple forward tests for each broker are published on Myfxbook.
You can see that the results vary greatly depending on the brokers.
ICMarkets gives good results, but the results with Pepperstone and FXOpen are not good.
The account of FXOpen is STP. STP accounts have relatively wide spreads, so the results may not be good.
The feature of Scalping EA is that the results vary greatly depending on the broker.
This is because scalping EA trades for a small number of pips, so profits change due to slight differences in spreads and slippages.
“If dust accumulates, it becomes a mountain.”
The results also depend on the distance and communication speed between the VPS used and the broker server.
Scalping EA is very sensitive to the operating environment.
Trading Features of Easy Walker Fx
Again, this is an EA that does scalping in Asian sessions.
The Asian session corresponds to the time zone from midnight to 9:00 pm when expressed in British summer time, and from 8:00 to 17:00 when expressed in Japan time.
Easy Walker Fx tends to start trading at the time before the start of the Asian session (around 22:00 pm British time and 6:00 am Japan time).
Asian sessions are less likely to experience sudden price movements and are a good time for scalping.
Some of the famous Asian session scalping EAs are:
These EAs are basically contrarians because Asian sessions tend to form small range markets.
Easy Walker Fx is also a contrarian.
Easy Walker Fx entry logic uses Renko charts and stochastic oscillators.
Renko chart is a non-time series chart and is generated when the specified number of pips is moved.
The following shows the stochastics displayed on 1pips Renko chart.
■EURUSD /1pips Renko chart
Renko chart removes noise such as small price movement and time axis, so it is easy to visually judge the market situation such as trend and range. The same can be said when programming the EA.
When you actually check the transaction history on the chart, Easy Walker Fx often enters when the range market is forming.
If the market price goes against the position, the EA will allow a relatively small equity loss of around 10pips and will try to close the position with a break even or very small profit.
So, if the market price moves suddenly, a large loss of about 30-50pips may occur.
Vendor of Easy Walker Fx
Easy Walker Fx is sold by the vendor “ARGO LABO”.
The following EAs are also sold by ARGO LABO.
- Forex Warrior EA
- Strike Fx
- Catcher Fx
- Tricky Twister EA
- Tricky Twister ЕА
- FX Splitter EA
- Fiddler EA
There are many martingale EAs and they are not good.
On the other hand, it is good for the attitude to publish the produced EA on the site.
Common EA sellers sell EAs with almost the same logic as another person.
This is because if one EA’s reputation gets worse, other EAs will not sell.
On the other hand, “ARGO LABO” has a list of EAs on its official website.
There is also no intention of hiding the results of the forward test.
As a vendor, we have a good feeling.
However, whether the EA gives good results is another matter.
Judgments should be made by examining the characteristics and risks of each EA.
Easy Walker Fx has its own members forum. This is a forum run by EA vendor “ARGO LABO”.
The following services are available in the forum:
I think the support system is very good.
However, there are few posts from general users to the forum.
Conclusion of Easy Walker Fx
The reliability as a vendor is relatively high. It can be said that it is not a SCAM vendor.
The forward test also shows good results over a long period of about 5 years.
There is no doubt that it is an EA that has hope.
However, it is unclear whether you can benefit from Easy Walker Fx.
This is because Easy Walker Fx is a scalping EA aimed at a few pips. Depending on your broker and VPS environment, the results will vary greatly.
Even if there is a slight spread, slippage, or execute speed difference, if the number of trades increases, it will make a big difference.
Some accounts show good results in the forward test, but you may not get this result.
Forward testing is currently only trading with small lot sizes.
Increasing the lot size slows down the execution speed and there is a risk that profits will not be generated. You shouldn’t want a big profit in this EA.
You are free to have hope for this EA, but you should use it after recognizing the anxiety of the scalping EA.