- June 26, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Overview of Aussie-Kiwi EA
The Aussie-Kiwi EA is a fully automated grid system designed to trade three specific currency pairs: AUDCAD, AUDNZD, and NZDCAD. This Expert Advisor (EA) has been thoroughly tested on real trading accounts, showing impressive results such as a 2000% return over two years of operation.
Technical Specifications
Version: 1.08
Year of issue: 2024
Working pairs: AUDCAD, AUDNZD, NZDCAD
Recommended timeframe: ANY
Minimum Deposit: 0.01 lot per $1000
Average of account: 1:30 To 1:1000
Best Brokers List
Aussie-Kiwi EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
How Aussie-Kiwi EA Works
To utilize the Aussie-Kiwi EA, traders must install the advisor on the chart of the corresponding currency pair. The system operates based on the broker's time settings, making it crucial to configure this parameter correctly. The EA's grid system executes trades automatically, aiming to capitalize on market movements.
Advantages of Aussie-Kiwi EA
- Automated Trading: The EA eliminates the need for manual trading, reducing the time and effort required to monitor the market constantly.
- Proven Performance: With a real account signal showcasing over 2000% growth in two years, the EA has demonstrated substantial potential for profit.
- Risk Management: Default money management settings help mitigate risks, making it suitable for traders with varying levels of experience.
- User Support: Access to a private user group allows traders to share insights, receive updates, and get personalized advice from the EA’s creator.
- Versatility: The EA includes preset configurations for three currency pairs, offering flexibility and multiple trading opportunities.
Disadvantages of Aussie-Kiwi EA
- Risk of Loss: As with all trading tools, there is no guarantee of future performance. The EA can incur losses, and past success does not ensure future gains.
- Market Dependency: The effectiveness of the EA heavily relies on market conditions, which can be unpredictable and volatile.
- Initial Setup: Correctly setting up the EA requires a good understanding of the broker's time settings and the trading platform.
- Cost: The purchase of the EA and the necessary initial capital for trading can be significant.
- Technical Issues: Automated systems are susceptible to technical glitches, which can disrupt trading activities.
Real Account Performance
The Aussie-Kiwi EA has a real account signal named SevenDays, which has achieved more than 2000% growth in two years. This performance underscores the potential of the EA when market conditions are favorable. However, it is essential to remember that these results are not indicative of future performance and traders should exercise caution.
- Performance Overview:
- Total growth: 2250.09% since 2022
- Current equity: $856.55 USD
- Initial deposit: $400 USD
- Total profit: $1516.18 USD
- Deposits: $926 USD
- Withdrawals: $1985.63 USD
- Trading Statistics:
- Algo trading: 99%
- Profit trades: 73.5%
- Loss trades: 26.5%
- Maximum drawdown: 46.1%
- Max deposit load: 30.7%
- Trading activity: 54%
- Performance by Year: 2022: 517.71% growth 2023: 186.23% growth 2024 (partial): 32.92% growth
- Analysis:
Positives:
- Impressive overall growth of 2250% since 2022
- High percentage of profitable trades (73.5%)
- Consistent growth across years, though slowing down
- Significant withdrawals ($1985.63) indicate realized profits
Concerns:
- High maximum drawdown of 46.1% suggests significant risk
- Slowing growth rate in 2024 compared to previous years
- Frequent small monthly gains with occasional larger jumps may indicate a martingale or high-risk strategy
- Conclusion: While the EA shows impressive overall performance, the high drawdown and potential use of risky strategies raise concerns about long-term sustainability. The slowing growth rate in 2024 should be monitored closely. Potential investors should carefully consider their risk tolerance and not invest more than they can afford to lose.
Conclusion
The Aussie-Kiwi EA offers a robust and automated solution for forex traders interested in AUDCAD, AUDNZD, and NZDCAD currency pairs. Its proven performance and comprehensive risk management features make it an attractive tool for both novice and experienced traders. However, as with any trading system, it is crucial to remain aware of the inherent risks and to approach forex trading with a well-informed and cautious mindset.
Before investing in the Aussie-Kiwi EA, prospective buyers should consider their financial situation, trading goals, and risk tolerance. Additionally, engaging with the private user group can provide valuable insights and support, enhancing the overall trading experience..
Download Aussie-Kiwi EA
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.
Disclaimer: Trading forex involves inherent risks, and past performance is not indicative of future results. Users are advised to conduct thorough research and seek professional advice before engaging in forex trading activities.