FXGOODWAY X2 is a robot that was released over three years ago and has its own reputation among Forex traders. The main statements are: “Smooth Profit. Multi-Session Logic. Auto-Risk Calculation. It includes two different sets.”
Now, there are two packages that vary by the symbol, not by set files as it was before. The FXGOODWAY X2 EUR/USD pack has two packs of settings and costs $315. The FXGoodway USD/CHF pack costs $275. They include a single license for any account type, no limitation of changing accounts, free and welcome support, and free updates. There’s a 30-day money-back guarantee provided.
FXGOODWAY X2 Strategy
- The robot runs Trend and Grid strategies.
- It trades only on EUR/USD and USD/CHF currency pairs.
- It works on the H1 time frame.
FXGOODWAY X2 Features
- The EX can work automatically on the account.
- The robot is designed to work with EUR/USD and USD/CHF currency pairs.
- The system makes a decision on what patterns of set files should be used in every situation.
- The robot trades fully-automatically on the MT4 and MT5 platforms.
- There’s a multisession logic.
- The robot can calculate Lot Sizes automatically based on the account balance.
- The system can use Settings1, Settings2, or both packs of Settings at the same time.
- We should have over $700 on the account to start trading.
- We can run it on any type of account or broker.
FXGOODWAY Backtesting Results
The presentation is featured by EUR/USD set1, EUR/USD set2, and USD/CHF backtest reports. This is a USD/CHF report on the H1 time frame. The data was used from 2015 to 2020. The modeling quality was 90.00%, with 30 pips spreads. An initial deposit was $20,000. The Total Net Profit has become $866,394. The Profit Factor was 2.21. The maximum drawdown was 38.90% ($189,158). The robot closed 2742 deals with 64% of the win-rate for Shorts and Longs.
FXGOODWAY Trading Results
We can find three myfxbook widgets with trading results on the site.
The system runs the Second set of settings on a real USD account on FXOpen. It trades automatically with 1:500 leverage on the Metatrader 4 platform. The account has lost a verified track record as well as other ones. It was created on June 25, 2020, and funded at $2,000. Since then, the absolute gain has become +150.94%. An average monthly gain is +10.94%. The maximum drawdown is dangerous – 32.48%.
FXGOODWAY X2 has traded 128 deals with 1317.2 pips. An average win is 34.63 pips when an average loss is -57.95 pips. The win-rate is available only for the BUY direction – 74% (95/128). An average trade length is two days. The Profit Factor is 2.28.
The system works only with the BUY direction.
As we can see, there should be a high scalping strategy.
Thursday is the most frequently traded day (44 deals) among the others.
The system works with low risks to the account balance.
FXGOODWAY X2 uses a Grid of six orders and Martingale some Lot Sizes conservatively.
The trading results of 2021 look promising.
FXGOODWAY X2 Reputation
We have no idea why the Forex Store decreased the rate of a USD/CHF version of its product from 8.5 to 1.5. It’s awkward because the robot is powered by a Forex Store trading solution.
FXGOODWAY X2 Review Summary
- Strategy – score (3/10)
- Functionality & Features – score (7/10)
- Trading Results – score (9/10)
- Reliability – score (7/10)
- Pricing – score (9/10)
Conclusion
FXGOODWAY X2 is a trend, grid, scalp, and martingale strategies-based trading robot. This combo looks dangerous for running it safely on the real account. Something may have happened because Forex Store has decreased the rate of the USD/CHF version from 8.5 to 1.5 without any additional explanations.
