FXHelix (EA) Reviews | High Profit and High Risk
FXHelix is an EA that shows a high profit rate in the forward test.
Some people are paying attention to this EA.
I tried to verify whether it is worth using this EA.
Basic information of FXHelix
Trading Features of FXHelix
The FXHelix sales page states that “This EA does not use martingale for 90%, but trades with a larger lot size in 10% of cases.”
Is this true?
As a result of checking the transaction history, about 25% of cases, recovery transactions were conducted with a lot size larger than the initial lot. In other words, 25% is a martingale transaction.
The rate of increase in lot size is not constant and depends on the situation. There is a history of trading up to 5 times the size of the initial lot.
Lot size does not increase in 75% of cases. Grid trading is done with lots of the same size.
In other words, FXHelix is basically a grid EA that performs martingales depending on the situation.
Looking at the transaction history, the entry point does not appear to be carefully judged.
This EA is designed to always hold both BUY and SELL positions.
Also, immediately after the position is closed, the position is opened in the same direction.
Risk Management of FXHelix
FXHelix seems to be able to control risk with parameters.
- RiskLimit：Specify the percentage of the deposit that will be used for trading. When the lot size is calculated automatically instead of being fixed, the lot size is calculated based on the deposit amount and the value specified by RiskLimit.
- Drawdown control：If ON, limit drawdown.
It seems that drawdown can be limited by the parameter of Drawdown control.
Conclusion of FXHelix
In fact, it is an EA that trades a combination ofgrid and martingale.
The unique point of this EA is that it almost always has both BUY and SELL positions. By having both positions, there is an advantage that even if the market price moves in either direction, there will be no significant loss.
The forward test seems to give good results. it is a high-risk, high-return EA
Using a broker’s deposit bonus is an effective way to withstand the floating losses of Martingale EA.
However, it should be noted that the deposit bonus of most brokers is counted only in the “how big position you can have” part, and the bonus will disappear if you lose more than the deposit amount It has become. That is, the bonus cannot endure the floating loss.
On the other hand, the deposit bonus of the XM standard account is designed to cover floating losses. This is a considerable advantage.
Account opening $ 30 bonus, double deposit up to $ 500, 20% bonus above $ 500 (up to $ 5000). This is in very good condition.