Easy Walker FX is a scalper that uses Renko charts to generate trading signals. Details of the trading strategy are not publicly available.
The EA secures open trades by placing external stop loss and take profit limits when the trade is opened. Those limits are internally monitored and adjusted whereby positions are usually closed before the external limits are reached.
Apart from the usual options to trade with a fixed lot size or a risk based money management Easy Walker FX provides an adaptive money management which allows to take the trading results of the last x trades into account to adjust the risk parameter accordingly.
Based on the backtests, Easy Walker FX reaches a risk-reward-ratio of about 2:1 which – combined with a hit ratio of about 75% – can be considered a good value for a scalper. However, it should be noted that backtests tend to show exaggerated positive results for scalpers which usually cannot be achieved in live trading.
A Monte-Carlo-Simulation, based on backtests (2009-2017), with a lot size of 0.10, a starting balance of EUR 1,000 and 100,000 iterations, shows the following results regarding expected profits, expected drawdowns and the derived value at risk. Here the value at risk is expressed as the drawdown which is expected with a probability of 95% and 99% respectively not to be exceeded.
Overall, Forex4You has been around for a short time and has trusted affiliates including KPMG and Willis Group Holdings PLC. They even have awards from recognizable organizations from various countries where they likely offer services. online trading UK also offers resources that are useful for traders who are either seasoned or starting out.
The only area of concern is that they’re not a Forex regulated brokerage (like tradersway) and have their count during a haven. In such a case, one can only trust their dedication to serve their customers, both former and current as they are going out of their thanks to answer complaints on online forums