Gratified Long Term Day Trader is a trading solution that can help us with opening and closing orders on the market automatically. The system was published on the MQL5 market. This means that we can work with a demo copy of the robot, but we shouldn’t rely on a refund policy.
Gratified Long Term Day Trader strategy
- The advisor is focused on spotting trend and counter trend trading opportunities.
- We can open orders on AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURCHF, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPNZD, GBPUSD, NZDCAD, NZDUSD, and USDCAD.
- It was customized in the best way to trade EURUSD on the H1 time frame.
Gratified Long Term Day Trader features
The developer provided us with a few explanations of what we have to expect from the system if we decide to buy a copy of it.
- The presentation mentioned that the robot is a completely automatic advisor. It doesn’t require us to do anything in addition.
- The only platform to work with orders is MT5.
- It requires consistent updates to fit market conditions.
- We have various pricing that changes from $299 to $499 and back.
- The system can provide us with a recovery feature to make bigger profits after losses.
- These activities can pressure much our margin and if losses occur they are big ones
- It can support up to 10 deals on the market at the same time.
- An MT4 copy of the robot is also available and it can be purchased for the same price.
- It focuses on analyzing daily price movements.
- There’s moving average indicators data used to spot trading opportunities.
- The developer suggested we use a Dukascopy broker.
We can only purchase a robot for $299. There are no rental options available to subscribe for it for one or several months. As we mentioned before, there is no money-back guarantee applied.
Gratified Long Term Day Trader backtesting results
The advisor was tested on fourteen pairs at once on the 11 years of the tick data. The growth chart looks dangerous. An initial deposit was $1000. It turned into $822,494 of the total net profit. Gratified Long Term Day Trader generated 95,393 pips. The profit factor was 1.22. It worked with a 54.11% win rate. The maximum drawdown was 44.76%. An average trade was $129.83.
Gratified Long Term Day Trader trading results
We have the robot working on a real account on OANDA with low leverage (1:50). The maximum drawdowns is 14.4%. The maximum deposit load at 83.1%. We can subscribe for the signals for $100 monthly. The win rate is 55.1%. The account has been existing for 11 weeks. The absolute growth has become 22.09%.
An average trade frequency is only 5 deals weekly when an average holding time is 6 days.
We may note that the system can manage to perform on the market stable.
The last six orders were lost by the advisor.
The system has executed 98 deals. The best trade is $20.01 when the worst trade is -$18.63. The recovery factor is 1.08 when the profit factor is 1.37. The system has an average monthly profit of 12.27%.
GBPAUD with 13 orders executed is the most traded currency pair.
Gratified Long Term Day Trader reputation
The last comment mentioned that the system works properly for a client.
Scott Fredeman is a developer with over five years of MQL5 experience. The portfolio includes nine products and nine signals. All trading solutions were downloaded 1698 times for demo usage.
Gratified Long Term Day Trader review summary
- Strategy – score (5/10)
- Functionality & Features – score (3/10)
- Trading Results – score (3/10)
- Reliability – score (3/10)
- Pricing – score (3/10)
Gratified Long Term Day Trader is a system that couldn’t execute orders on the backtests stable. The same picture we can see on the real account. The presentation doesn’t look informative at all. So, we have to wait for more upcoming results to decide if the advisor can recover after these losses.
