Ranger EA is an expert advisor that was listed on the MQL5 market on November 19, 2020. The robot has over 1200 demo downloads. The last update (4.1 version) was released by Ryan Brown on March 2, 2021.
The system has 34 copies monthly purchasing frequency.
Ranger Expert Advisor (EA) costs $497 for a digital copy. We’ve got two rent options: one-month and three-months. The one-month rent costs $40. The three-months rent costs $120. The robot price is high, but the rent price is quite affordable for traders. We are free to download the robot to check it on MT4. We can’t rely on the refund policy.
Ranger EA Strategy
- Ranger EA suggests we trade GBP/CAD and AUD/CAD.
- Trading results showed that the system works with NZD/CAD well.
- The system “uses a corrective trading technique to turn losing trades into winners.”
- The time frame for GBP/CAD is M30.
- For AUD/CAD, it’s H1.
- The default settings were developed for AUD/CAD.
Ranger EA Features
The presentation lacks much useful information because it is just a one-page presentation.
- Ranger EA works automatically for us.
- The system was tested before being released. Ryan Brown used 10-year tick data to be sure the robot is good to go.
- The monthly profit can be up to 10%. It depends on the risk level.
- The settings from a box are enough to be profitable.
- The robot is a low-frequency trading solution.
- The system works following FIFO rules.
Ranger EA Backtesting Results
The presentation includes a backtest of AUD/CAD on 10+ years of broker data. The modeling quality was 99.90%. The absolute gain was +104015%. The period of data was from January 10, 2010, to August 17, 2020. An average monthly gain was +5.53%. The maximum drawdown was 55.85%.
Ranger EA Trading Results
Ranger EA runs a demo USD account on a Trader’s Way broker. It receives data from technical indicators from the MT4 terminal. The leverage is set at 1:500. We have Track Record, and Trading Privileges Verified badges. It was created on January 07, 2020, and deposited at $1000. Since then, the absolute gain has become +86.23%. An average monthly gain is 4.52%. The maximum drawdown is 10.19%. The account is tracked by 139 investors.
Ranger EA traded 761 deals with 9110.8 pips. An average win in pips (27.83) equals an average loss in pips (26.29). The win-rate is 70% for Longs and 71% for Shorts positions. An average trade length is a day. The Profit Factor is 2.77.
The robot trades AUD/CAD, GBP/CAD, and NZD/CAD in addition. The vendor didn’t mention NZD/CAD. The most traded and profitable currency pair is GBP/CAD with 454 deals with $465.80.
The system trades during European and at the beginning of the American sessions.
Wednesday is the most traded day – 194 deals.
Ranger EA runs the account with low risks.
The expert advisor uses x4 Martingale on Grids of orders to close them in profit.
As for the system with Grid and Martingale strategies, the profitability is low.
Ranger EA Reputation
We have few comments on MQL5.
The vendor portfolio includes two products. Free signals from Pinpoint EA are scams.
Ranger EA Review Summary
- Strategy – score (3/10)
- Functionality & Features – score (5/10)
- Trading Results – score (6/10)
- Reliability – score (5/10)
- Pricing – score (3/10)
Conclusion
As for a new robot, Ranger EA is an all-new expert advisor that uses Grid and Martingale as support strategies to a no-name one. The presentation lacks useful information that would help us to know more about the system. Trading results showed that there are risky strategies on the board that the developer didn’t mention. The pricing is quite high as for a two-currency-pair trading system based on Grid and Martingale.
