The developers of GRAVITY FX NG indicate that their product is the result of thousands of hours spent on developing, testing and optimizing it. Having tried it on live accounts, they say they are confident that it functions very well. Furthermore, it is said that the standard winning amount the bot’s deals is between 10 and 15 pips. These claims are misleading. In this GRAVITY FX NG review, you will see that the system is far from being a lucrative system.
The EA has 3 pricing plans. The basic package is the cheapest as it costs $599 and you can use it for 6 months before renewing your subscription. It comes with 1 license. The standard one is offered at $999, is renewed yearly, and features 3 licenses. The premium plan which is the most expensive is $1,299 and also requires you to renew it annually. It includes 7 accounts.
Notably, the vendor provides traders with the option of purchasing the product monthly at costs of $99, $119, and $129 for basic, standard, and premium plans respectively. We can see for ourselves that these prices are very high and hence beyond the reach of many low-networth traders.
GRAVITY FX NG trading strategy
GRAVITY FX NG is a fully automated EA, founded on the AI and self-learning algorithms technologies. Therefore, it basically conducts trades for you automatically.
According to the developers, the tool applies low-risk scalping. This technique entails tracking short and medium-term trends with the goal of capturing what they wittily call small, yet highly likely profits.
GRAVITY FX NG features
- Is 100% automated
- Is Compatible with the ECN broker
- Has automatic 4/5 digit broker detection
- Incorporates a broker spy module
- Can be used with any Metatrader4-based broker
- Designed specifically for EURUSD, GBPUSD, EURJPY and can work with other currency pairs
- Has an in-built high spread protection system and a broker protection system
- Offers technical support
GRAVITY FX NG backtesting results
The team acknowledges that the EA can generate backtest profits but does not go to the trouble of displaying these results for us to see. If what they are saying is true, then they would have proudly showcased the data. Since they haven’t, we are forced to doubt their credibility.
GRAVITY FX NG live trading results
We can see for ourselves that this is a demo account operating under IC markets. It operates automatically on the MT4 terminal using a leverage of 1:500. It was deployed on June 27, 2020 and last activated on July 16, 2021. The system has managed to generate a gain of 224.43%. This is after the account was deposited with €50,000 and made a profit of €112,229.71. As a result, the balance has reached €163,686.01.
The daily and monthly profit rates are 0.29% and 9.61% respectively. The drawdown of 23.18% is somewhat high and therefore, worrisome. It shows the high-risk approach the EA takes.
The robot has conducted 15209 trades with -12033.1 pips. The negative pips are a sign of the account’s susceptibility to losses. The average win which is 6.67 pips is far below the average loss of -43.31 pips. Clearly, the system’s losing streak is very high and unsettling. The profit factor is 1.41 and not that impressive. The lots are 5,989.80. This is a large number that further puts the account at risk of suffering losses. The win rates for long trading positions are 85% and 84% for short ones.
Wednesday is the most traded day, having made $3.186K.
The chances of the account being ruined are small.
It is evident from the monthly performance that the system makes regular profits ranging anywhere between 0.99% and 6.9%.
Most trades used fixed lot sizes of 0.10. No profits were made. The scalping strategy is evident. However, contrary to the vendor’s claims, we can see that the robot had 0 pips between trades which are a far cry from the promised 10 to 15 pips.
GRAVITY FX NG reputation
Vendor transparency for this EA is seriously wanting. The closest the developers have come to revealing their profile is stating that they comprise a group of professional traders with 25 years of FX trading experience. Other than that, we do not have a clue of their real identities, qualifications, company name, location, contact details or even if they have other robots.
Customer reviews are also inadequate. We only found one testimonial on the Forex Peace Army website. The client complains of the robot’s high drawdown. However, we would have loved to see more reviews and consequently gauge traders’ experiences with this bot.
GRAVITY FX NG review summary
- Strategy – 2/10
- Functionality & features – 4/10
- Trading results – 3/10
- Reliability – 2/10
- Pricing – 3/10
Conclusion
GRAVITY FX NG is just an expensive overrated EA with no profit potential whatsoever. From the trading results, we can see that it makes little to no gains. Perhaps the EA performed even more dismally in the past and this is why the vendor did not want to display the backtest results. Moreover, we do not know the team behind it and therefore, it is hard to trust them. With that being said, it would be reckless to invest in this product.
